Chief Financial Officer - 2009/04
Contact
- Doug Holland; [email protected]
- 3517 Fernwood Dr., Raleigh, NC 27612
- Home: (919) 787-5163
- Work: (919) 781-7550
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 three-year term, retroactive to January 1, 2009.
The following is the job description of the Chief Financial Officer (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 capacity and providing financial direction and oversight to the organization.
A-B-C: Always Be Courteous.
Until later.
AMA’s Chief Financial Officer
Title
- Chief Financial Officer (CFO)
Class
- An AMA Executive Officer and non-voting ex-officio member of the Executive Council.
- Voluntary position; AMA provides a 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.
- Maintain contact with brokers, investment bankers, and trust department officials regarding AMA stock investments.
Responsibilities
- Oversee the keeping of financial statements and budgets updated and accurate.
- Maintain close contact with banking officials regarding loan requests, negotiation of interest rates, and general banking services.
- Monitor and manage AMA’s stock market investments and coordinate with all relevant individuals associated with those investments.
- Verify and handle all tax-related matters associated with non-profit organizations.
- Provide annual fiscal reports to the membership and periodic fiscal reports (not less than quarterly) to the Executive Council.
- Provide oversight of the AMA Comptroller.
Essential Functions
- Attend and participate 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 regularly with stockbrokers, investment bankers, and trust department officials regarding AMA’s stock investments.
- Be well versed in 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 or Finance required.
- CPA required.
- Minimum 5 years’ experience in accounting preparing financial reports and budgets.
- Investment experience preferred.
Transcribed from original scans by AI. Minor OCR errors may remain.
