The USGA is a mission-based golf organization whose purpose is to unify the golf community through handicapping and grassroots programs; to showcase the game’s best talent through the U.S. Open, U.S. Women’s Open and 13 other national championships and our museum; to provide unbiased global governance with The R&A through the playing, equipment and Amateur Status rules; and to advance issues important to golf’s future, with a focus on driving sustainability, accessibility and inclusion. As a nonprofit association, our work and our team are driven to act for the good of the game. The USGA’s headquarters are located in Liberty Corner, NJ, with a recently opened campus in Pinehurst, NC. For more, visit usga.org.
About this role:
The Managing Director, Finance is responsible for oversight of all day-to-day activities of the Finance Department, encompassing Controllership, Financial Planning & Analysis, Treasury and Tax functions. This includes monthly & annual closes and financial reporting; preparation of the consolidated audited financial statements; all required federal and state tax filings including the annual 990; accounts receivable and payable activities; maintenance of the internal control environment; annual budget; long and short term forecasts; strategic modeling, key metrics and analyses of operating results against goals. The Managing Director, Finance, establishes the process and cadence of these activities, as well as develops board-level financial presentations and management reporting to enable business decision-making. This position will also be instrumental in selecting and implementing systems and processes to drive behavior and improve financial planning and outcomes. This dynamic and highly visible role requires an individual that develops positive relationships across the organization, and drives a collaborative team with solid financial acumen. This position reports to the Chief Financial Officer.
What you'll do:
Financial Planning & Analysis
- Lead the annual budget process and prepare current-year and long-range forecasts. Conduct annual fully allocated P&L analysis. Provide/support relevant business and financial systems. Evaluate financial performance and variance drivers as well as potential risks and opportunities to the organization.
- Prepare quarterly business review presentations with Executive/Board of Director level commentary. Plan, prepare and organize all activities required to support both the Finance, Audit & Risk Committee and the Investment Committee of the Board (USGA Executive Committee).
- Spearhead development of advanced financial models/data analytics regarding profitability and ROI as well as cash flow forecasting.
- Perform special analyses, such as product-level profitability, reserve requirement analyses and expense contingency planning. Identify inefficiencies and spearhead process improvements.
Controllership
- Conduct monthly closing and prepare/oversee monthly accounting and management reporting including variance analysis to budget, forecast and prior year. Prepare and/or review timely, accurate and detailed reports of financial performance. Prepare the consolidated audited financial statements in accordance with generally accepted accounting principles. Liaise with the external auditors to ensure timely completion of the annual financial and pension audit as well as any special audits.
- Oversee all aspects of the accounts payable and T&E operations. Develop, implement, and enforce policies and procedures to improve AP processes and ensure compliance with company policies.
- Oversee the accounts receivable function including, client invoicing, aging analysis and collections. Ensure PCI compliance and enhance the client billing experience.
- Develop and maintain the internal controls environment to protect the assets and integrity of the organization.
Tax
- Manage the organization’s tax activities, including federal and state filings along with UBIT estimates and filings, sales & use tax and Championship tax requirements.
Cash Flow
- Oversee investments, manage banking relationships and cash flow. Perform cash flow forecasting.
Talent Development/Mentorship/Financial Education
- Pro-actively invest in staff and their professional development, serving as a “player coach” and mentor. Present financial results and relevant policies, project updates and insights into the finance function.
Where you'll be:
- This role will be based at our Liberty Corner, NJ campus on a hybrid schedule. Employees are expected to spend 3 days per week working in the office, between Monday - Thursday.
What you bring:
- Bachelors degree in Finance, Accounting, or related field required. MBA and/or CPA is a plus.
- 15+ years relevant experience required
- Non-profit experience is a big plus, including proficiency in non-profit accounting standards and reporting
- Exceptional executive presence and emotional intelligence, building trust, inspiring teams and influencing key stakeholders across all levels
- Demonstrated experience in building financial acumen and awareness within an organization
- Ability to develop analyses in support of business decision-making
- Strong communication/presentation skills, both written and oral
- Strong relationship building skills
- Ability to effectively manage projects, be nimble, and work within deadlines with a results-oriented approach
- Proficient/Advanced Excel and modeling skills
- Proficient PowerPoint skills
- Excellent organizational skills, with strong attention to detail and accuracy
- Interest in golf and/or sports business a plus
Level: Managing Director/3A
Job Location: Liberty Corner, NJ
Salary Range: $225,000 - $275,000
The annual base salary range for this position is $225,000 - $275,000. This range represents what we reasonably expect to pay as starting base compensation for this role. Compensation is based on several factors that are unique to each candidate, including skill set, depth of experience, and relevant certifications. In addition to your base compensation, the USGA provides competitive benefit offerings for all full-time employees.
What the USGA brings:
- Comprehensive medical, dental, and vision benefits, including a zero-contribution medical plan offered for all full-time employees
- Retirement plans, with a generous annual contribution from the USGA
- Suite of programs to promote physical, emotional, and financial well-being
- Generous bank of paid time off, plus the week between Christmas and New Years Day off
- Off-site team building events
- On-site gym and golf simulator
- Professional development opportunities
- Learn more about our benefits and culture here
The USGA is an equal opportunity employer. Our organization believes we are stronger by embracing our diverse backgrounds and perspectives, promoting equity so all teammates can excel and grow in their careers, and fostering experiences to drive inclusion in our workplace and game. Golf is a game for everyone, and you are always welcome.
