Director, Accounting

AAA is hiring for a Director, Accounting to join our team!

Position Summary:

In this role, you will lead a team responsible for key accounting areas including treasury, investments and risk management. The ideal candidate will possess a strong background in accounting, treasury, and investments, with the ability to navigate complex financial environments and deliver solutions that drive business success. This leader will collaborate with cross-functional teams, external banking partners, and the Outsourced Chief Investment Officers (OCIOs) managing a $0.5B investment portfolio. This visible role is critical to maintaining continued financial stability and optimizing investment portfolios while providing adequate liquidity to support business operations. In addition, the role will be primarily responsible for leading the cash forecasting process.

What We Can Offer You:

• A competitive salary, commensurate with experience
• Eligibility for Annual Bonus + Annual Merit Increase
• Hybrid Schedule Available
• Health & Life Insurance
• 3+ weeks of paid time off accrued during your first year
• 401(K) plan with company match up to 7%
• Tuition Reimbursement and Professional Certification Opportunities
• Paid time off to volunteer & company-sponsored volunteer events throughout the year
• Other benefits include a complimentary AAA Premier Membership, Health & Wellness Program, Health Concierge Service, and Short Term/Long Term Disability

Primary Responsibilities:

Treasury / Cash Management: Manage all cash management functions including cash concentration, wires and account funding. Oversee cash management banking and financial institution relationships; negotiate bank and service fees. Manage cash flow activities, including cash balance reporting, cash forecasting, and daily cash management. Maintain and enhance banking relationships and oversee bank accounts.

• Directs the Cash Operations team, which administers the cash flow process and cash flow forecasting model for the Organization.
• Manages Line of Credit arrangements and associated collateral and compliance requirements.
• Determines and establishes the Organization cash position including short-term investments on a daily basis.
• Implements changes in policies for the improvement of cash flow and the security of the Organization's assets.
• Advises on all system development and cash processes as it relates to the Organization's Treasury functions.
• Advises lines of business when exploring cash management relationships for the organization (Bill Matrix, Pcard, Data Line, Merchant Services, PNC Bank, etc.).

Investments: Monitor and analyze investment portfolio performance to ensure alignment with organizational goals. Collaborate with investment advisors (Outsourced and custodians to optimize portfolio performance.

• Manages all investment portfolio reporting to the Investment Committee including the integration of investment portfolios assumed in connection with mergers with other AAA clubs.
• Develops investment income budgets and tracks actual performance versus budget in concert with relevant external parties.
• Manages the process by which portfolio management responsibilities may be competitively bid and any consequent consolidation of investment management.
• Monitors all investment portfolio holdings and responsible for all performance reporting (fixed income, equity, and short-term holdings) for all AAA Club Alliance entities.
• Oversees investment accounting activities.

Risk Management Support: Collaborate with stakeholders to identify, assess, and mitigate risks, ensuring proactive management of potential threats and opportunities. Provide actionable insights and recommendations to support risk-informed decision-making in concert with Legal.

• Participates in risk management activities to drive better business outcomes.
• Partners with the risk management team involving managing insurable and financial risks across the enterprise.

Job Requirements:

• Bachelor's degree in Accounting, Finance or a related field required.
• 8+ years of experience in corporate treasury, cash management, investments; public company experience preferred.
• 5+ years of leadership or supervisory experience required.
• Financial modeling expertise.
• Demonstrated experience transforming cash and investment management.
• Advanced knowledge of Accounting and Finance Principles and Investments.
• Strong financial analysis skills.
• Ability to formulate positions and recommendations to drive consensus.
• Comfort with ambiguity and able to adapt quickly in a fast-paced environment while embracing change and solving problems.
• Ability to execute and deliver quality results, including managing projects, developing strategy, working collaboratively, influencing senior leaders and distilling complex ideas into clear communications.
• Effective oral and written communication skills.
• Ability to provide leadership and direction to less senior team members.
• Ability to analyze, recommend, execute and report multiple investment instruments/strategies.
• Ability to manage and cultivate third party relationships.

ACA is an equal opportunity employer and complies with all applicable federal, state, and local employment practices laws. At ACA, we are committed to cultivating a welcoming and inclusive workplace of team members with diverse backgrounds and experiences to enable us to meet our goals and support our values while serving our Members and customers. We strive to attract and retain candidates with a passion for their work and we encourage all qualified individuals to apply. It is ACA's policy to employ the best qualified individuals available for all positions. Hiring decisions are based upon ACA's operating needs, and applicant qualifications including, but not limited to, experience, skills, ability, availability, cooperation, and job performance.

Job Category:

Accounting