Turnaround Management Association
  • 18-Nov-2019 to 18-Dec-2019 (CST)
  • Chicago, IL, USA
  • Full Time

Join the TMA team to enrich your knowledge, skills and

elevate your finance career to the next level!

TMA is currently seeking a Finance Director/Controller

Turnaround Management Association (TMA) is searching for an experienced finance professional who is highly skilled in all aspects of finance from both operational and strategical standpoints.  This key leadership role will be responsible for general finance, accounting, payroll, planning/analysis, tax treasury investments and risk management.  Additionally the incumbent will act as a trusted adviser to the CEO and the Board of Directors.

Who is TMA?

Turnaround Management Association (TMA) (non for profit) is the most professionally diverse organization in the corporate restructuring, renewal, and corporate health space. Established in 1988 and located in downtown Chicago on Wacker Drive, TMA has nearly 10,000 members in 52 chapters worldwide, including 32 North American chapters. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academic, government employees, and members of the judiciary.  TMA provides members the opportunity to network and attend educational sessions to hone their skills and expand their contacts.  For more information about our organization please visit us at www.Turnaround.org

What is the Opportunity?

As a Senior Staff leader, reporting to the CEO, this hands-on individual will be responsible for working with the TMA leadership team on managing the entire finance function. More specifically they would be responsible for the following:

  • Direct financial reporting and analysis; accounting and treasury, payroll, cash management, financial planning, budgeting and forecasting functions
  • Lead the annual operating budget process including preparing the budget initiatives based upon organizational strategy and goals, creating all departmental budgets from beginning to end, preparation and presentation of detailed analysis for senior management and Board of Directors
  • Oversee the cash management function including the bank and investment relationships, portfolio analysis and investment policy statement and all relevant reporting
  • Ensure internal financial control infrastructure is in compliance with internal policies and external regulations. Identify relevant best practices for application to the organization
  • Responsible for the annual audit by independent accountants with goal to achieve a clean and unqualified audit report each fiscal year
  • Direct the preparation of all required tax filings including the annual 990 form and all end of year reports (1099 documents)
  • Provide effective support and communication to the finance and Audit Committees of the Board of Directors.
  • Ensure that fixed assets of the organization are safeguarded and properly accounted for
  • Responsible for the accounting and reporting for the Cornerstone Fund and staff liaison for the Cornerstone Council
  • Lead the development and maintenance of a company retention policy
  • Manage the technology products used for the finance function to include training, optimization of functionality to increase productivity and provide business insights for staff
  • Work closely with senior staff to identify reporting needs for their departments in order for them to achieve their functional goals
  • Helps prepare presentations and talking points for various presentations for the Executive Board, Operations Committee and other meetings
  • Assess the risk environment and make appropriate recommendations to address
  • Work with outside broker, manage all commercial policies and ensure adequate coverages
  • Manage relationship with the landlord and all office vendors
  • Administers the HR function, including benefits, compensation, training and payroll and ensures compliance with all employment, IRS and local laws. Ensures annual 401K compliance and FSA non-discrimination testing is completed
  • Identify any regulatory impacts or best practice opportunities that impact organization


What qualifications are needed? 

The successful candidate would possess the following:

  • S., Accounting or Finance and CPA is a plus
  • Minimum ten years related experience and/or training; or equivalent combination of education and experience
  • Prior experience managing a Finance department is required
  • Nonprofit and/or prior association work experience a plus
  • Strong analytical and critical thinking skills, including the ability to handle complex tasks and solve problems creatively and pragmatically
  • Demonstrated strategic agility
  • Ability to work effectively in a fast paced and collaborative environment and grasp complex legal, financial and operational matters
  • Ability to present data in a logical, concise manner and skilled in managing multiple deadlines and competing priorities
  • Ability to work collaboratively within a team environment as well as independently and possess the skills needed to strategically lead teams in achieving their goals
  • Strong verbal and written communications skills
  • Ability to work in an environment with many "informal" bosses. Ability to balance volunteer leadership , individual membership and organizational priorities with tact and strong interpersonal finesse


What's in it for you?

  • Medical/Dental/Vision
  • Short and long term disability insurance
  • Life and AD&D insurance
  • Flexible and dependent care plan
  • Transit and parking benefit program
  • 401(K) plan ($1.00 to $1.00, up to 6% TMA match)
  • Generous PTO
  • Located close to Metra station and public transportation

For consideration, please submit a cover letter and resume to:

Turnaround Management Association is an Equal Opportunity Employer


Key words:  Director of Finance, Finance Director, Finance Manager, Senior Finance Manager, Manager of Finance, Accounting Director, Comptroller, Controller

Turnaround Management Association
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