AMA IS SEEKING a few good men or women with financial
investment background to serve on the newly formed AMA
Investment and Finance Oversight Committee. This volunteer
position will provide financial guidance to the Executive Council
(EC). Responsibilities include:
• Developing and structuring financial plans for the organization.
• Working with other committee members to maintain contact with
brokers, investment bankers, and trust-department officials
regarding AMA stock investments.
• Assisting in committee oversight in keeping the financial
statements and budgets updated and accurate.
• Providing expertise to the EC regarding loan requests, negotiating
interest rates, and general banking services.
• Advising the EC on the investment strategy of the organization.
Experience should include a Bachelor’s Degree in
Accounting/Finance, CPA, minimum of five years experience in
accounting, preparing financial reports, and budget planning.
Investment experience preferred. Experience in matters associated
with non-profit organizations beneficial but not required.
Participation will include telephone conference calls and
occasional attendance at quarterly EC meetings in Muncie,
Indiana. Additional meetings will be scheduled as needed, to be
determined by the AMA president, chief financial officer, or
executive vice president.
Please send a letter of interest and résumé listing experience
and qualifications to Executive Director Jim Cherry, 5161 E.
Memorial Dr., Muncie IN 47302. If you have any questions,
contact Jim at (765) 287-1256, ext. 205, or e-mail him at jcherry@
modelaircraft.org.
April 2009 159
Doug Holland
3517 Fernwood Dr.
Raleigh NC 27612
Home: (919) 787-5163
Work: (919) 781-7550
Chief Financial Officer
Doug Holland; [email protected]
THIS WILL BE my first column as the
newly appointed Chief Financial Officer. I
was officially appointed to this position at
the January 11, 2009, Executive Council
meeting. The appointment is for a threeyear
term, retroactive to January 1, 2009.
The following is the job description of
the Chief Financial Officer or CFO. As
with most positions, responsibilities and
functions may change as the position
becomes more clearly defined.
I am excited to continue serving AMA
in this volunteer capicity and providing
financial direction and oversight to the
organization.
A-B-C Always Be Courteous.
Until later.
AMA’s Chief Financial Officer
Investment and Finance Oversight Committee Members Sought
Title: Chief Financial Officer (CFO)
Class: • An AMA Executive Officer and non-voting ex-officio member of the Executive Council.
• Voluntary position with AMA budget for travel and business expenses.
• Appointed by the Executive Council to a three-year term. Reports directly to and receives direction from
the AMA President and Executive Council.
Summary: • Primary responsibilities include developing and structuring financial plans for the organization.
• Maintaining contact with brokers, investment bankers, and trust department officials regarding AMA
stock investments.
Responsibility: • Responsible for overseeing the keeping of financial statements and budgets updated and accurate.
• Keeping in close contact with banking officials regarding loan requests, negotiating of interest rates,
and general banking services.
• Monitoring and dealing with AMA’s stock market investments, and dealing with all relevant individuals
associated with AMA’s investments.
• Verifying and handling all tax-related matters associated with non-profit organizations.
• Providing annual fiscal reports to the membership, periodic fiscal reports (not less than quarterly) to the
Executive Council and oversight on the AMA Comptroller.
Essential Functions: • Attendance and participation in Executive Council Meetings.
• Supervise budget preparation and financial planning for the organization.
• Structure loan requests, negotiate interest rates, and manage other applicable bank services.
• Anticipate cash shortfalls and have plans in place to cover those needs if they occur.
• Work with stockbrokers, investment bankers, and trust department officials on a regular basis regarding
AMA’s stock investments.
• Be well versed and able to evaluate all tax related matters and codes for non-profit organizations,
including direct involvement in auditor selection.
• Perform other duties and responsibilities as assigned.
Credentials and
Experience:
• Bachelor,s Degree in Accounting/Finance required.
• CPA required.
• Minimum 5 years experience in accounting preparing financial reports and budgets.
• Investment experience preferred.
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Edition: Model Aviation - 2009/04
Page Numbers: 159