The Fund Office serves over 140,000 active and retired workers in food retail, food processing, food manufacturing and more! The Funds were created more than 40 years ago as a result of collective bargaining between the Southern California Retail Food Employers and the Southern California UFCW Local that cover a region from Santa Barbara in the north to San Diego in the south. There are two funds – the Pension Fund with assets over $5B and the Benefit Fund which handles annual health claims volume of over $0.5B and operates under the direction of a Joint Board of Trustees.
We are honored to carry out the administration and day-to-day operations of the Fund to support the health and financial security of our participants.
Primary Job Function
As a key member of the Executive Management Team, the Chief Financial Officer reports to the CEO/Administrator and assumes a strategic role in the Fund Office. The CFO has the primary responsibility for overseeing all aspects of Finance for the Fund Office including General Accounting, Investment Accounting, Accounts Receivable, Accounts Payable, Payroll, Budgeting, Financial Reporting and Regulatory & Tax Compliance. The CFO also has oversight of purchasing practices and is a contributing member of the committee charged with determining organizational structure and compensation decisions and recommendations. The CFO is a primary contact for the Funds consultants and legal counsel.
Duties and Responsibilities
- Provides leadership and oversees all aspects of accounting including general accounting, investment accounting, accounts payable, accounts receivable, budgeting and financial reporting in accordance with Generally Accepted Accounting Principles
- Oversees treasury function and activities
- Manage electronic disbursement and custody banking relationships-credit card applications and automated payments.
- Collaborates frequently with Fund counsel, Investment Consultants, Benefits, Consultants and Actuaries
- Oversee activities and interact with external auditors in the completion of the annual financial audit, tax reporting and compliance audits
- Select, implement and ensure the maintenance of all financial systems including ERP, Time and Attendance and Payroll solutions
- Ensure accurate, timely and consistent accounting and financial reporting across the organization.
- Establish and reinforce internal controls related to financial operations including financial reporting, purchasing, banking in accordance with legal and regulatory requirements
- Collaborate with the Information Systems team in all financial reporting and tax reporting operations
- Oversee contract administration for signatory employers and vendors
- Oversee the preparation of monthly and annual financial statement presentations and other financial related presentations to the Board of Trustees and senior management
- Provide direction and oversight to evaluation of the Fund’s organizational structure and compensation decisions
- Provide leadership in the identification and implementation for continuous improvement initiatives
- Manage, hire, train and develop accounting staff in a union represented environment
- Participate in the request for proposal process for financial related activities
- Ability to be hands-on as well as direct activities of others
- Ability to take initiative and work independently as well as in a team setting
- Integrally involved in fostering a culture supportive of our organizational values
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
- Ten to fifteen years related experience, including supervision, or equivalent combination of education experience.
- Current or previous experience in a Taft-Hartley environment strongly preferred
- Direct experience in working closely with a Chief Executive Officer, Board of Directors, and familiarity with preparing financial reports for the CEO and Board
- Current line responsibility for all financial management functions, including finance and accounting, financial reporting, underwriting, actuarial, treasury and cash management
- A solid track record of success as a key participant in a senior management team, providing positive leadership in a period of significant change; experience in designing and implementing comprehensive strategic plans to define and effect change
- Comprehensive knowledge and experience in the full spectrum of financial management disciplines, including financial reporting and accounting policies and procedures
- Strong problem solving, presentation and creative skills and the ability to exercise sound judgement and make decisions based on accurate and timely analysis
- Identify opportunities for “strategic leverage”; understand major trends and developments that affect the industry; and translates strategic goals into specific business plans
- Strong business acumen and the ability to adapt to change rapidly; must be balanced with highest ethical standards that naturally convey importance of personal integrity
- A strong leader who also values collaboration and teamwork; a consensus builder with a “business partner” mentality; able to lead by influence not by power or control; a seasoned executive, who is attuned to the competing priorities and issues facing a fast paced environment
- A results-oriented executive, a motivator, who conveys a sense of urgency and presses for closure and timely accomplishment of objectives; demonstrated ability to prioritize a broad variety of issues, and manage a wide range of initiatives and work objectives; a superior time manager
- Must possess strong interpersonal skills, the ability to communicate and manage well at all levels of the organization
- Strong knowledge of MS Office applications including Word, Excel and Access is essential
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms, and requires prolonged sitting, standing, some bending, stooping, and stretching.
Requires the ability to lift files, open filing cabinets.