Chief Financial Officer, The Association of American Law Schools (AALS)
Chief Financial Officer Association of American Law Schools POSITION OPENING
About the Association of American Law Schools The Association of American Law Schools (AALS) is a 501(c)(3) nonprofit association of 176 member and 18 fee-paid law schools whose mission is to advance excellence in legal education. Founded in 1900, AALS is committed to its core values of excellence in teaching and scholarship, academic freedom, and diversity, including diversity of backgrounds and viewpoints, as it seeks to improve the legal profession, to foster justice, and to serve its many communities—local, national, and international. AALS has the dual responsibility of serving law schools and their deans as their institutional membership organization, and individual law school faculty and administrators as their learned society. AALS provides extensive professional development opportunities including the AALS Annual Meeting each January which is the largest gathering of law faculty in the world. More than 2,200 law teachers, librarians, and law school administrators from law schools around the world attend the meeting. Faculty and deans also engage with AALS throughout the year via more than 100 sections that present programs, provide mentoring for new faculty, and host discussions on important legal issues. Each year the Association also hosts a conference for clinical faculty and a workshop for new law teachers.
AALS serves as the voice of legal education. The Association’s website, www.aals.org, features the latest news and blog posts about legal education and showcases outstanding faculty and innovative programs at law schools. AALS also connects to the legal community and the public on Facebook, LinkedIn, Twitter, and YouTube.
Position summary Reporting to the CEO and serving on the Monday Group (senior management team) the CFO drives key financial and administrative functions to ensure the organization’s success and impact. Overseeing and directing the finance and administration of a $5M nonprofit with 26 staff, the CFO has responsibility for finance and compliance in the national office. The CFO should possess strong financial acumen, enabling them to serve as a partner, coach, and manager to departmental leaders who play roles in the organization’s finances. The CFO leads day-to-day operational finance activities, organization, including the production of monthly financial reports, maintenance of the accounting and financial records, internal controls designed to mitigate risk of loss, enhancement of the accuracy of reported financial results, creation of the annual budget and ensuring that the reported results comply with Generally Accepted Accounting Principles. The CFO has responsibility over related accounting, receivables, cash collections, record keeping, accounts payable, and other assets and liabilities. They also serve as a key resource in monitoring the operating budgets and leading staff in budget management and controls.
Strategic Financial Leadership
With the CEO, Monday Group, and Executive Committee, supports the implementation of the organization’s strategic plan with a particular focus on financial sustainability
Leads, mentors, and coaches a team of three finance and administrative professionals, developing strategic thinking and planning skills
Leads ongoing strategic financial planning and analysis efforts; provides analysis and guidance to the CEO and Executive Committee to enable good decision making, ensure sustainability, and mitigate risk
Leads the financial evaluation and due diligence of potential growth opportunities, bringing in the CEO and Executive Committee as necessary
Responsible for the development and implementation of short- and long-term fiscal planning and budgets, with a focus on the overall financial success of the organization
Oversees the preparation and delivery of financial reports and projections to the CEO, Executive Committee and Monday Group. Analyzes and interprets financial results and trends
Oversees cash forecasting and management, oversees annual budgeting process and annual audit process
Ensures financial controls, policies, and procedures are in place and updated
Ensures effective management of relationships with financial institutions, investment advisors, and other vendors
Serves as a key liaison to the Executive Committee for all financial matters and participates in semi-annual Audit and Investment Policy Committee meetings.
Administration and Operations
Ensures that AALS’s systems, processes, and infrastructure enable top performance of the national office
Manages the vision and accountability for the annual performance of the organization’s finance team, promoting best practices that enable AALS to deliver on its mission
Leads, develops, and empowers the team to foster a culture of collaboration, learning, and support
Oversees AALS’s risk management and compliance responsibilities, implementing policies and systems that ensure the organization is in full compliance with national, state, and local requirements
Oversees compliance across AALS including contract review, reporting requirements, and business licenses
A commitment to the mission of the Association of American Law Schools
Experience in a senior financial executive role at a non-profit organization
Extensive experience managing and coaching a team
Demonstrated skilled at financial modeling and analysis
Keen analytic and problem-solving skills which support and enable sound decision making
Proven ability to develop strong working relationships with diverse stakeholders
Organized, detail-oriented, and ability to prioritize effectively
Exceptional oral and written communication skills and high degree of comfort presenting complex financial information to non-finance professionals
Compensation and Benefits Package At AALS one of our core values is taking care of each other, and this includes offering competitive benefits, paid time off, and options for remote work.
The compensation package for this position is between $150,000 - $175,000, based on experience. In addition to 15 days of annual leave per year, AALS provides 12 paid holidays. Additional annual leave days are provided to staff after four years. Our benefits include a comprehensive health plan with 90% individual healthcare coverage for employees, a 403(b) retirement plan to which the AALS contributes 8% after one year of service, with a 4% match on another 5% contribution, term life insurance and pre-tax commuter benefits. In addition, the AALS offers hybrid work schedules in our Washington, DC Dupont Circle office. Work hours are 37.5 hours per week based on program needs to allow for both flexibility and work-life balance. AALS Vaccination Guidelines Before coming to the AALS office, all employees are required to receive a vaccination against COVID-19, unless a medical or religious reasonable accommodation is approved. If offered a job, the candidate must document that they have been vaccinated with one of the CDC-authorized vaccines or request an accommodation before their start date.
Our Commitment to Diversity, Equity, and Inclusion AALS is committed to creating a diverse, equitable, and inclusive workplace. AALS is an equal opportunity employer, and 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, or veteran status. Applicants from all underrepresented groups, including people of color, members of the LGBTQ+ community, and DACA recipients are encouraged to apply.