Chief Financial Officer - Delaware Investment Center

ADP is hiring a Chief Financial Officer - Delaware Investment Center

The Chief Financial Officer (CFO) of the ADP Delaware Investment Center will lead a team of six professionals, responsible for accounting, financial reporting, financial planning and analysis. The role also oversees trading operations. The CFO will hold CFO positions for a number of legal entities, including ADP Trust Company, NA, a trust bank which is regulated by the Office of the Comptroller of the Currency (OCC); and the CFO will ensure compliance with regulatory requirements.

The Delaware Investment Center manages fixed income portfolios with approximately $40 billion in assets under management. The portfolios include corporate bonds, government securities (US Treasury, Agencies, Canadian government and Canadian government agency obligations, and Canadian provincial bonds), asset-backed securities, commercial mortgage-backed securities, etc.

Key Responsibilities:

• Accounting and Finance

• Oversee month-end, quarter-end and year-end processes and financial reporting in accordance with GAAP.
• Prepare and present quarterly earnings package to senior management.
• Lead the annual operating plan, and 3-year strategic plan forecasts.
• Establish internal controls, implement operating procedures and best practices, work with internal and external auditors, and ensure compliance with SOX (Sarbanes Oxley) requirements.
• Manage the Delaware Investment Center's budget and approve expense as appropriate.

• Trading Operations

• Oversee trading operations covering fixed income securities, overnight investments and reverse repurchases transactions, including portfolio accounting, trade processing and settlement, cash reconciliations, corporate actions and record keeping.
• Review quarterly pricing validation and ASC820 reporting for ADP's consolidated financial statements.
• Manage relationships with custodians and banking partners.

• ADP Trust Company (ADPTC)

• Oversee the timely filing of the Reports of Condition and Income (Call Report) in compliance with FFIEC banking requirements.
• Ensure compliance with OCC's regulatory requirements.
• Present quarterly financial review to the ADPTC board.
• Lead the vendor management program, service provider contingency plan and annual ADPTC policy review.
• Work with the technology team on Business Continuity Plan and Disaster Recovery Plan. Provide annual updates to the ADPTC board.
• Prepare and present quarterly reports to the ADPTC Investment Committee.
• Together with President of ADPTC, take a leadership role in the OCC full scope exam.

• Stakeholder management

• Provide strategic advice and decision support to President and ADP management.
• Develop and maintain relationships with internal and external stakeholders, including senior management, auditors, regulators (OCC), legal and compliance teams, vendors, and banking partners.
• Lead recruiting, talent management, and development within the finance team.

We are working in a hybrid work environment. This role will require someone to work out of our Wilmington, DE office three days a week with the flexibility to work from home the other two days a week.

Qualifications:

• Bachelor's degree in business, accounting, finance or a related field (required)
• Master's Degree in Business Administration (MBA),CPA or equivalent professional designation (preferred)
• 15+ years in finance/accounting, with at least 5 years in an executive leadership role.
• Proven leadership, management, and strategic decision-making capabilities.
• Strong interpersonal, communication and presentation skills.
• Deep understanding of accounting, regulatory compliance, and financial operations.

You'll love working here because:

• Be yourself in a culture that values equity, inclusion, and belonging and creates a safe space for diverse perspectives and insights.
• Belong by joining one of nine Business Resource Groups to connect globally with networks and allies who share common interests and experiences.
• Grow your career in an agile, fast-paced environment with plenty of opportunities to progress.
• Continuously learn through ongoing training, development, and mentorship opportunities.
• Be your healthiest. Best-in-class benefits start on Day 1 because healthy associates are happy ones.
• Focus on your mental health and well-being. We're here to provide exceptional service to our clients, and none of that happens without each of us taking care of ourselves and being there for one another.
• Join a company committed to giving back and generating a lasting, positive impact upon the communities in which we work and live.
• Get paid to pay it forward. Company-paid time off for volunteering for causes you care about.

What are you waiting for?

Apply now! Jobs.adp.com

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