Job Details

Job Description:

A fraternal benefit society is seeking a Treasurer/Chief Financial Officer to strengthen financial health, support long-term growth and enhance operational effectiveness. This executive will work closely with the President/CEO, Secretary/COO and Board of Directors to guide financial strategy, establish a formalized operating budget, improve financial reporting, oversee investments and ensure sound financial controls and regulatory compliance. The role will also build strong relationships with the outsourced asset manager, external actuaries and audit firms while contributing to investment and governance committees. By developing the accounting team through cross-training and knowledge sharing, the Treasurer/Chief Financial Officer will strengthen operational continuity, reduce risk and help position the society for future goals. This is a retained search.

Responsibilities:

• Oversee accounting, budgeting, financial statements, cash flow, working capital, debt management, financial systems and financial performance reporting.
• Establish a formalized operating budget and strengthen internal financial reporting through clearer reports, visual dashboards and graphs to improve financial visibility and decision making.
• Partner with the President/CEO, Secretary/COO and Board of Directors to develop strategic and operating plans, evaluate business opportunities, assess financial performance and align resources with organizational priorities.
• Ensure compliance with statutory accounting requirements and applicable federal and state regulations.
• Oversee financial and operational controls, provide leadership to the compliance and risk function and serve on the PBR committee in accordance with the bylaws.
• Manage relationships with external actuaries and audit firms.
• Oversee investment portfolios, lending relationships, investment managers, asset conservation and fiduciary responsibilities for the PVR Scholarship Fund.
• Serve on the investment committee and maintain biweekly communication with the outsourced asset manager to monitor investment performance and support informed decisions.
• Lead the accounting, compliance and risk and information technology functions.
• Participate in Board meetings and committees, maintain external relationships and support fraternal activities, regional reporting and the quadrennial convention.
• Develop the accounting team through cross-training and knowledge sharing to strengthen operational continuity and reduce reliance on individual employees.

Requirements:

• CPA designation required or 10+ years of experience serving as treasurer of a fraternal or other insurance company in lieu of the designation
• 8+ years of experience in financial management
• 3+ years of people leadership experience preferred
• Life insurance and annuity experience required
• Strong knowledge of statutory accounting principles
• Familiarity with federal and state insurance regulations strongly preferred
• Experience in a fraternal benefit society or nonprofit financial reporting environment highly preferred
• Bachelor’s degree in business administration, finance, accounting or a related field preferred
• Master’s degree advantageous
• Fraternal Insurance Counselor (FIC) designation preferred