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Deputy Chief Finance Officer

Job Title: Deputy Chief Finance Officer

Unit: Finance

Reports to (Title): Chief Financial Officer

FLSA Status: Exempt

Last Updated: September 2025

Description

The Deputy Chief Finance Officer will have broad-based responsibility for providing strategic and tactical financial leadership for the finance unit at Portico Benefit Services.  The position works directly with the chief financial officer participating in establishing financial policy and strategic initiatives. 

This position ensures that accounting policies, procedures, and records meet generally accepted accounting principles (GAAP) as well as maintains a high-performance risk governance and control structure within Portico Benefit Services. The Deputy Chief Finance Officer is responsible for ensuring Portico financial reports and procedures are compliant with all regulatory bodies and professional standards as established by GAAP.  This position is responsible for coaching, mentoring, and developing staff in the finance unit. 

Key Responsibilities

Policy, Strategy, and Corporate Projects

  • Partner with the chief financial officer in developing strategic plans for the finance unit. Provide tactical leadership for implementing policies and procedures through continuous efficiency efforts; assist in supporting the financial reporting to Portico’s Board of Trustees. Participate in corporate project teams and/or steering committees.
  • Oversee the annual review and analysis of the various insurance policies that Portico maintains. Work with internal subject matter experts and outside consultants to evaluate risks Portico has identified and ensure that proper insurance policies are in place to cover the identified risks.
  • Oversee the alignment of metrics and reporting from the strategic plan through operations using current best practices and benchmarks. 
  • Strategically monitor funding adequacy across benefit plans, periodically evaluating funding targets are in alignment with the enterprise strategic plan.

Operational Oversight

  • Oversee finance unit operations, including financial reporting, budgeting, forecasting, treasury, payment services, pricing, and actuarial valuations.
  • Provide leadership and direction to ensure timeliness, accuracy, and completeness of periodic reporting deliverables to the board of trustees, leadership teams, and management. Oversee financial and data integrity by assuring accounts, entries, transactions, and reconciliations are reviewed, authorized, and analyzed according to procedures, standards, and expectations. 
  • Oversee regulatory reporting requirements related to multiple U.S. and Non-U.S. taxing authorities and other government agencies as necessary.   
  • Provide oversight of the preparation and publication of the annual report, ensuring compliance with external reporting requirements for benefit plans and trust funds. 
  • Provide oversight of internal financial reporting controls, ensuring key controls are functioning as designed. Monitor a well-documented set of accounting processes and procedures, managing risks while continuously promoting process efficiency.
  • Provide leadership for the investment accounting function for the retirement, other `1s plans and the trust accounts. Provide oversight to research documentation on new accounting and reporting standards. Maintain proper documentation and accurate reporting for issues that arise from the various types of investment vehicles at Portico Benefit Services. Oversee custodial financial reporting including providing direction to the custodian and record keeper relative to investment accounting issues.
  • Ensure operational processes related to cash management, investment operations, asset transfers, risk reporting, compliance, and transactional accounting align to enterprise strategies
  • Oversee annual benefit obligation valuation and pricing processes.  Hire and direct internal and external actuarial service providers, continuing to update actuarial assumptions in accordance with industry best practices to ensure financial reporting accuracy.
  • Understand and comply with all of Portico’s Governance, Risk, and Compliance standards (e.g. internal controls, regulatory compliance, policy compliance evidence retention) and promote these standards in a manner that is required of this position. This position is also responsible for their direct reports understanding and complying with Portico’s Governance, Risk, and Compliance standards.

Qualifications

  • Strong knowledge of GAAP, financial controls, and policy, investment accounting, principles of insurance, actuarial liabilities, and benefit plan accounting.
  • Ability to communicate and partner with all levels of leadership, directors, and employees of Portico. 
  • Strong knowledge of tax regulations and reporting related to benefit plans, nonprofits, and the corresponding unrelated business income tax regulations.
  • Knowledge of securities industry, investment management, trading activities, and the financial reporting requirements for a wide range of investment types and transactions.
  • Strong communication and employee management, coaching, and mentoring skills.  Ability to work within and lead cross-functional teams.
  • Ability to organize and prioritize work in a fast-paced and changing environment.  Flexibility to adapt to rapidly changing priorities in a professional manner.
  • Knowledge of church plans and Lutheran doctrine

Education

  • Bachelor’s degree in accounting

Experience

  • 10 or more years of financial accounting, external reporting, regulatory accounting, or internal audit experience or a combination thereof.
  • 5 – 7 years’ experience in overseeing these functions. 
  • Experience in the financial services, insurance, and/or health care industries preferred. 
  • Experience with SAP or a similar ERP system.

CERTIFICATES, LICENSES, REGISTRATIONS

  • MBA, CFA, MCA, and/or CPA is preferred

Starting Pay Range: $189,700 – $246,200 (+ 20% target incentive)

Benefits Summary: Portico offers a comprehensive benefits package which includes premiums paid for health care coverage, 10% employer retirement contribution, and competitive time off and wellness benefits.

Submit your resume by emailing HumanResources@porticobenefits.org.

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