As our SVP, Finance and Administration, you will lead the finance function of our $4 million trade association and all affiliate operations. This is an exciting time to join the Society of Chemical Manufacturers & Affiliates (SOCMA) as we work to increase our engagement with members, build a greater sense of community, and improve our ability to identify and respond to emerging member needs. Our members operate in a fast-changing industry and a close connection with SOCMA can offer members not only a sense of belonging but a tangible return on investment. Our goal is to provide concrete business value and become a catalyst to increase sales and profitability for manufacturers, distributors, and affiliate members.
In this highly visible role, you will translate strategy into fully developed business plans and present financial status and projections to our entrepreneurial and business savvy executive committee and board. You will also collaborate with our investment advisors and the Investment Committee in managing our $17 million investment portfolio. You will be responsible for planning, preparing, monitoring, coordinating, reporting, and analyzing all aspects of the organization’s finance functions. You will provide guidance and support with financial reporting, budgets, forecasts, SOCMA’s investment portfolio, contracts, internal and external tax and financial audits, payroll, benefits, and financial management. Your key financial analyses and reports for management will ensure timely and effective decision-making.
Reporting to and working closely with the CEO, you will be a critical member of our leadership team and a trusted advisor to all departments. We will look to you to optimize our current administrative procedures, help modernize finance systems and technology, develop more efficient processes, rethink structures, simplify workflows, and implement best practices.
With executive oversight for human resources, information technology, office services, administration, and facilities management, you will be a trusted advisor to all departments, including meetings and events, membership, and communications. You will oversee and provide data for the efficient operation of department systems and programs and sound financial internal controls. In collaboration with the senior director of IT, you will ensure technology infrastructure that supports SOCMA’s ongoing strategic objectives meets the customer needs of the organization. Working closely with leaders across the organization, you will ensure that the office services/administration and human resource functions consistently deliver superior customer service internally and externally.
Working collaboratively with the managing director of AMS and its contract executive directors, you will ensure financial and administrative services are provided to six associations managed by SOCMA under its association management division.
Since 1921, SOCMA has represented a diverse membership of small, medium, and large chemical companies located around the world. Collectively, SOCMA members are key drivers to a successful economy, contributing $24 billion annually to the U.S. GDP. Our members play an indispensable role in the global chemical supply chain by producing intermediates, specialty chemicals, and ingredients used to develop a wide range of industrial, commercial, and consumer products essential to the well-being and lives of people everywhere.
We achieve our mission of serving and representing specialty chemical companies by strengthening our members' business and operations to accelerate the potential for growth, increasing public confidence in the chemical industry, and positively influencing the passage of rational laws and regulations. As the recognized voice of the specialty chemical industry, we strive to enable safe, sustainable, and environmentally responsible operations which are internationally competitive and contribute to a healthy, productive economy.
SOCMA acts as a voice for our membership on Capitol Hill and in the many regulatory agencies, working to promote understanding of the impact of laws and regulations on the chemical industry's ability to compete in world markets. SOCMA influences proposed and pending laws and regulations by advocating sound science as the basis for regulation and by working to promote responsible alternatives to sometimes costly government actions.
Responsibilities of the SVP, Finance and Administration
Lead the Finance department, ensuring that all financial reporting and forecasting, budgeting, risk management, tax and financial audits (internal and external) are accurate and completed on time.
Partner with other department heads at SOCMA and the affiliate groups to communicate, distribute, and explain financial information and develop long-term growth plans and financial projections for new products and expanded service offerings.
Provide financial oversight to ensure the accuracy and integrity of all SOCMA operations and programs. Analyze operations and recommend opportunities to increase revenue and reduce expense.
Provide financial oversight for all affiliate operations. Collaborate with the managing director of AMS to ensure supporting back-office operations are effective.
Provide executive oversight to the information technology function to ensure the department is managed effectively and that organization and customer needs are met in a user-friendly, cost-effective, and timely manner. Establish and maintain systems and controls that verify the integrity of all systems, processes, and data through collaboration with the director of IT.
Provide executive oversight to the office services, administration, and facilities function, ensuring it is managed effectively to meet organization and customer needs and creating a positive customer service experience for SOCMA’s internal and external customers.
Provide leadership in human resources, ensuring proper allocation of human capital resources, on-boarding, benefits and compensation management, and compliance. Oversee the payroll process and administration of SOCMA’s 401k plan and Defined Benefit Pension Plan.
Manage financial systems and processes to ensure compliance with all relevant regulations such as GAAP, 501(c)6 organizations, Sarbanes-Oxley, IRS, etc.
Serve as the staff liaison to the Investment Committee, overseeing SOCMA’s investment portfolio, working with the outside investment advisors and the Investment Committee of the board of directors to ensure that the investment account reflects the investment policies of the organization and supports SOCMA’s short-term and long-term strategic objectives. Ensure investment reports and reconciliations are accurate and completed on time.
Ensure credibility for the finance function by providing timely and accurate analysis of financial reports, budgets, forecasts, and analysis. Present financial reports to the president, executive committee, the board of directors, and staff providing key insights on all financial matters regarding SOCMA and the affiliated organizations. Establish credibility throughout the organization as an effective developer of solutions to business challenges.
Ensure that all required tax returns (990s and 990-T) and other government forms (5500s) are accurate and filed on time.
Oversee and manage the annual audit. Serve as the staff liaison to the Audit Committee of the board of directors.
Maintain positive and effective banking relationships. Oversee all treasury functions including management of cash. Develop forward-looking cash flow forecasts.
Working with counsel, review and oversee the organization’s contracts.
Oversee the accounts receivable and accounts payable functions.
Participate in special finance/accounting related projects as requested.
Qualifications of the SVP, Finance and Administration
10+ years of experience in the accounting/finance field with proven management and leadership experience in finance and administration.
Bachelor's degree in accounting or finance. CPA preferred.
Knowledge of nonprofit finance environment, policies, and procedures.
Demonstrated ability and commitment to perform hands-on, tactical, and strategic work in the areas of responsibility.
Knowledge of database and accounting computer application systems (Solomon ? latest version) with strong general ledger, accounts payable, accounts receivable, payroll, income tax, and bank working knowledge.
Strong working knowledge of Excel.
Understanding of GAAP and accounting theories and practices.
Experience with investment and banking management.
Attributes of the SVP, Finance and Administration
Business savvy. You look beyond the numbers into the deeper cause. You understand how new initiatives affect financials and you can easily explain the rationale.
Character and confidence. You exert a thoughtful approach and deep financial expertise to easily establish credibility and rapport with all stakeholders.
Accomplished presenter. You deliver financial information with ease, no matter the audience.
Respectful. You recognize that people have different strengths and you appreciate how a team comes together as a cohesive unit. You value the work of your colleagues.
Approachable. You operate with an open-door policy and welcome questions and ideas. You are known for being easy to talk to.
Team player. Whether it is collaborating on a budget or carrying signs at a conference, you jump in and do whatever is needed.
Forward-looking. You carefully balance the need for innovation with responsible financial practices. You run the numbers multiple ways and are an effective forecaster.
Strategic and entrepreneurial. You are fluent in the language of business and accounting and you understand the unique needs and goals of a mission-driven, not-for-profit organization. You understand how to wisely manage costs while driving revenue growth. You carefully balance the need for innovation with responsible financial practices. You run the numbers multiple ways and are an effective forecaster.
Process-oriented. You thrive on efficiency and you simplify systems where possible. You identify and analyze needs and can implement procedures that enhance productivity. You know how to translate strategy into action – you allocate and optimize resources, assign responsibility, manage timelines, reduce risks, and get the project done.
Strong leader. You are skilled at coaching, mentoring, and developing your staff into a well-functioning team. You are not afraid to dive into the weeds to understand the details of financial operations so that you can best guide your team.
Supportive. You value the work of your colleagues and you take delight in supporting each of them to be most effective in their roles. You graciously share your expertise to help the team be successful. You recognize that people have different strengths and you appreciate how a team comes together as a cohesive unit.
Clear communicator. You communicate clearly and succinctly, simplifying complex data into easily understandable language that less-financially savvy colleagues can relate to.
Transparent. You are open and honest. You know how and when to ask leadership for support with important issues and you disclose the information your partners need to work through potential solutions with you.
What’s Attractive to the Right Candidate?
SOCMA is a collaborative organization with a high degree of communication, trust, and mutual respect among employees. Your colleagues are professional and committed to their work and are respectful and responsive to each other.
As SVP, Finance and Administration, you will work closely with our CEO as we embark on a new chapter in our history.
SOCMA was founded almost 100 years ago and has a very solid reputation throughout the chemical industry.
We offer a competitive salary and benefits package, including medical and dental insurance, short-term and long-term disability, tuition reimbursement, flexible spending account, 401k, 10 paid holidays, 2 optional holidays, 10 days leave the first year, sick leave, transportation assistance, and more.
To Apply for the position of SVP, Finance and Administration
Simply email your resume to Gina Schurman at email@example.com with “SOCMA - SVP, Finance and Admin #2018-2421 ASAE” as the subject of the email. Please include your resume as a Word or PDF attachment to the email, and paste your cover letter in the body of your email.
Staffing Advisors has been engaged to find the right candidate and is committed to helping create a diverse work environment for our client. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or any other basis protected by law. This position may require pre-employment screening potentially including a criminal background check, verification of academic credentials, licenses, certifications, and/or verification of work history.