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 expenses as appropriate.
- Trading Operations
- Oversee trading operations covering fixed income securities, overnight investments and reverse repurchase 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
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