The American Association for Respiratory Care (AARC) was founded in 1947 and with nearly 40,000 members worldwide, AARC is the leading national and international association supporting Respiratory Care in the United States. Membership is comprised of respiratory therapists, allied health practitioners who are trained at the two- and four-year college level to assist physicians in the care of patients with lung disorders and other conditions. The AARC encourages and promotes professional excellence, advances the science and practice of respiratory care, and serves as an advocate for patients and their families, the public, the profession and the respiratory therapist. AARC engages in public policy activities covering both legislative and regulatory branches of governments at both federal and state levels.
AARC is located in Irving, Texas with a staff of 40 and an operating budget of $10 million.
The Chief Financial Officer (CFO) is responsible for aligning the financial strategy with the mission and vision of the AARC. The CFO oversees and holds the organization accountable for the budgeting, reporting and monitoring of all financial activities, instilling proper financial controls, and identifying ways to increase financial reserves and cost savings. The CFO will provide strategic leadership regarding the organization’s business model and aligning financial resources to support short- and long-term strategic goals. The CFO will report to the Executive Director, with exposure to the Board of Directors, operations teams, external auditors and affiliated associations and will be a trusted advisor internally and externally.
- Serves as internal consultant to the Executive Director, Board of Directors, Finance Committee, leadership team and other key stakeholders on all financial matters, making recommendations and suggesting pro-active strategies.
- Provides direction, oversight and management of all budgets, forecasts and internal financial plans and processes.
- Ensures all financial functions, controls and reporting are accurate, compliant and provide the information and analysis needed for governance and management to make timely and effective strategy, planning and operational decisions. Ensures timely and clean financial audits.
- Delivers concise, accurate, insightful and impactful financial reports.
- Accountable for and leads IT and HR departments.
- Oversees building management.
- Drives best financial practices within AARC by communicating standard operational procedures, keeping the Executive Director, Board and staff up-to-date on organization’s financial status and by serving as point of reference for all growth plans and projects within the organization.
- Serve as effective resource to the Executive Director for analyzing and making recommendations regarding the financial implications for financial decisions.
- Direct accounting, general ledger and operations functions, ensuring that systems are in place to guarantee timeliness and accuracy.
- Review short and long- term goals in light of existing and projected financial resources.
- Develops, implements, manages and monitors all fiscal policies, procedures and internal controls and recommends policy changes to the Executive Director. Provides ongoing communication to ensure balance sheet health.
- Participate in all internal planning regarding proposed program expansion to ensure alignment of program, outreach and training plans are within financial projections.
- Creates a long-term financial sustainability plan and manages short- and long-term funding reserves.
- Collaborates with leadership team on organization-wide efforts and initiatives.
- Provides financial information and presentations (budgets, performance, etc.) to the Board of Directors.
- Leads the “bottoms-up” budgeting and forecast process.
- Manages investment portfolio in consultation with investment advisors.
- Manages, engages and oversees independent auditors.
- Build relationships with banks, donors, vendors, outside consultants and others as needed to oversee AARC expenditures and sources of revenue.
- Utilize technology to optimize all reporting and analytical functions
- Ensure compliance with all federal, state and local regulations. Stay abreast of trends in the financial industry through professional development and sharing this information with team.
- Build and develop a top-tier finance and accounting team by actively recruiting, training and developing talented accountants, payroll staff, analysts consultants, and auditors.
- Develops and implements written policies and procedures to comply with all regulatory requirements and sound fiscal practices.
- Adheres to professional standards as outlined by government bodies.
- Bachelor’s Degree in Accounting and/or Finance. MBA desirable.
- CPA required
- 10+ years of experience accounting and finance experience in corporate environment or accounting firm; 5+ years of non-profit and/or association experience
- Strong knowledge and understanding of accounting and compliance
- Direct IT and HR reporting experience to develop strategies for future success and provide day-today oversight
- Exceptional communication and consensus building skills
- Excellent analytical, communication and presentation skills
- Demonstrated supervisory, coaching and staff leadership development skills
- Experience with change leadership and change management
- Knowledge of Office Suite and Excel, and familiarity with Intacct is a plus
- Sound ethical character with unquestioned integrity, honesty, and transparency, and a commitment to AARC principles and ethics
- Excellent interpersonal and public speaking skills
- Maintain a flexible work schedule to meet the demands of executive management
- Some travel required
- Strong, confident and inspiring leader
- Thrives in entrepreneurial, “roll-up-your-sleeves” environment
- Driven by results
- Creative self-starter able to work both individually and as a member of consensus-seeking teams
- Ability to interface and maintain effective relationships with all level
This search is being conducted by Mary McMahon, Associate, Tuft & Associates, Inc. Qualified candidates should submit, in confidence, a resume and a cover letter that outlines relevant personal qualifications to:
- Complete the resume submission form below, and include your resume and cover letter.
- Email your resume and cover letter to Tuft & Associates, Inc. at email@example.com.