Tim Childress - CFO - Executive Finance & Administration, SIIA

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Work Background

SIIA Chief Financial Officer

Jan. 2024Washington, District of Columbia, United StatesLed financial operations, strategy, and performance of the association. - Developed and implemented financial strategies aligned with the association's goals and objectives. - Collaborated with the executive team to set long-term financial goals and ensure sustainable growth. -Prepared and presented detailed financial reports to the Board of Directors and executive leadership. - Provided strategic recommendations based on financial data to optimize operational efficiency and profitability. - Implemented cost-saving initiatives and efficiency improvements to enhance financial performance. - Collaborated with the membership and business development teams to identify and pursue partnership and opportunities. - Supported initiatives to expand the association's membership base and diversify revenue streams.

German Marshall Fund of the United StatesExecutive Vice President

Nov. 2022 - Sep. 2023Washington DC Metro Area

German Marshall Fund of the United StatesChief Financial Officer (CFO)

Feb. 2018 - Dec. 2022Washington D.C. Metro Area• STRATEGIC & OPERATIONAL BUSINESS TRANSFORMATION - Developed transformation road map, business plan and provided change management thought leadership while managing the change with flexibility and poise. Created operating models for the new organization structure. Led the process improvement project for the lifecycle of a grant. • STRATEGY, POLICY & ADVISORY - Key strategic and operational decision maker and influencer of executive management team. Provided financial updates to the board of directors, the finance subcommittee, audit subcommittee and investment subcommittee. Developed and implemented new KPI reporting dashboard across finance, HR and IT functions. Led the development of programmatic KPI reporting. • ACCOUNTING, BUDGETING & REPORTING - Led and developed a high performing goal driven finance team located in 8 offices in the US and Europe. Shortened the monthly close cycle by 1 month. Automated budgeting and introduced new forecasting process using NetSuite. Introduced leading practices to the grant management process, added skills to the finance team and deployed automated cloud-based dashboard management reporting to programs. Oversight of external audits. • INFORMATION TECHNOLOGY- Rebuilt the entire network infrastructure connecting eight offices in Europe and the US. Implemented cloud-based solutions that improved collaboration and mobility for all programmatic teams that included Exchange email, video conferencing, Ring Central phone, and NetSuite financial management and Dynamics CRM. The cloud-based strategy improved communications / collaboration, mobility of the workforce, reduced travel costs and enabled seamless work-from-home capability during the COVID-19 pandemic. Rebuilt all cyber-security infrastructure that included cyber-security training for all staff. Led rebuilding of video conferencing capabilities for large group convening for both in-person and web-based events. Oversight of website rebuild.

RareChief Financial Officer (CFO)

Jun. 2015 - Dec. 2017CFO and Executive Management Team member for an environmental conservation nonprofit dedicated to inspiring change so people and nature thrive. • Strategy, Policy and Advisory - Developed a financial resilience plan that builds the balance sheet while funding programmatic strategic initiatives to ensure continuing operations. Developed and implemented an enterprise wide technology strategy centered on collaboration & cloud applications. Key strategic and operational decision maker and influencer of executive management team. Provided financial updates to the board of directors, the finance and audit subcommittees. • Accounting, Budgeting and Reporting - Led and developed a high performing goal driven finance team located in 6 international locations focused on budgeting, forecasting, project management, operations management, grant & contract management, procurement, payroll, global cash management and facilities management. Guided the budgeting process from formation through board approval and then periodic management updates to budget owners. Provided forward looking financial forecasts to executive and operational management improving decision making resulting in predictable outcomes from programs. • Risk Management & Legal – Negotiated insurance contracts reducing cost and improving coverage. Negotiated terms and conditions of grant and contracts limiting foreign exchange exposure. Leveraged pro bono legal services. • Human Capital - Implemented new HRIS (ADP Workforce Now). Redesigned international employment contracts to mitigate severance liability exposure. Redesigned structure of the team to align with HR capabilities required to support the global organization. • Systems and Controls - Implemented new financial management system (Intacct & Concur) deploying operational best practices globally. Redesigned business processes, finance policies and strengthened internal controls. Implemented a whistle blower policy and tool globally.

Population Services InternationalGlobal Controller

Apr. 2014 - Jun. 2015Washington DCSupervise a staff of 30 professionals in Washington, DC and working with Finance and Accounting staff at 67 locations worldwide to ensure proper consolidation of each operating subsidiaries financial results and compliance with Global Accounting policies. • Accounting, Budgeting and Reporting - Led and developed a high performing US based accounting team of 30, delivering optimal services levels to donors, management, staff and clients. Led billing and revenue team invoicing $650M annually from over 50 major donors. Improved and managed the external audit process reducing the cycle time to audited financial statements by 2 months. • Strategy, Policy and Advisory - Member of Management Team and Strategy Development Team. Provided financial updates to Board of Directors, Audit Committee and Investment Committee. Designed and implemented global accounting policies and procedures. • Systems and Controls – Re-implemented Concur to leverage controls for travel expense reporting and automated the procure-to-pay process. Delivered training globally improving the controls and integrity of the financial management function globally.

FINCA InternationalDirector & Global Controller

May. 2009 - Apr. 2014Washington D.C. Metro AreaDirector & Global Controller for a nonprofit global financial services organization. • Strategic Restructuring – Transformed the legal and operating structure for 23 international entities from local NGO’s to regulated investible entities. Created operating, financial and human resource strategies for subsidiaries Developed new products, delivery channels and infrastructure to grow the business and increase shareholder value.Developed and implemented finance transformation program improving accounting & reporting processes, implemented IFRS and improved quality of global finance organization. Led acquisition of an international subsidiary. Reduced tax rates on international cash movements by implementing a holding company structure. • Accounting, Budgeting and Reporting - Designed and implemented global accounting policies and procedures. Delivered training globally improving the controls and integrity of the financial management function globally. Improved consolidation process and reporting time reporting the financial results for 35 international entities to IFRS and US GAAP. Led Capacity Building by developing a high performing US based accounting team delivering optimal services levels to staff, management, lenders, donors and clients. Recruited and hired CFO’s to lead international subsidiary operations. • Systems and Controls - Project led global implementation of a global financial management system (PeopleSoft / Hyperion). • Management and Services - Operationalized cost recovery, global cash management & transfer pricing across subsidiary network. Improved and managed the external audit process reducing the cycle time to audited financial statements by 3 months. Upgraded external auditor relationship to Big 4 firm. • Investor Relations - Strengthened Governance oversight of international subsidiaries through participation on Board of Directors and Audit Committees for international subsidiaries and served as Deputy CFO.

AccentureSenior Manager, Finance and Performance Management, Shared Services

Jul. 2006 - Apr. 2009Senior Manager – Finance Transformation, Merger Integration & Shared Services. • Shared Services - Designed, built and deployed 3 financial shared service centers for a national healthcare provider. Designed and implemented the Shared Services Change Management program and Work Force Transition program impacting 250 associates for a $23 Billion Fortune 100 office products company. • Training & Knowledge Transfer - Developed 800 hours of shared services process training to transfer knowledge for the accounts receivable, accounts payable, revenue & cash, tax exempt and payroll processes. • Merger Integration - Integrated the finance & accounting operations & the ERP application support for a $325M revenue global testing service provider into an outsource center in 4 months. Delivered the solution to 7 countries. Implemented Oracle 12 for a multinational telecommunications company. Led finance functional team.

Global KnowledgeWorld Wide Controller

Sep. 2003 - Jun. 2006World Wide Controller for a$250 MM IT Education and Enterprise Training Solutions Company. • Turn Around - Improved profitability by $2 MM by transforming the fixed cost structure to a variable model. Developed an international tax and intellectual property transfer strategy including site selection for the pan-European finance shared service center. Restructured group through sales of various operations. • Accounting, Budgeting and Reporting - Led and directed an international team to Improved annual budgeting process by 2 months. Streamlined the forecasting process by 2 weeks. Redesigned accounting processes, policies and team’s organization to improve internal controls. Implemented Oracle 11i improving process by 20%.

Overture ServicesDirector of International Accounting

Sep. 2002 - Sep. 2003Established and managed the accounting and internal control infrastructure for Europe and Asia. • Designed and implemented a pan-European finance shared service center in Dublin, Ireland. Serviced 27 legal entities in 12 markets that generated annual revenues of US $120 MM. Delivered functional tax efficient center in 9 months. • Simplified and strengthened processes, streamlined statutory and tax reporting, improved internal and financial controls, improved operational effectiveness, designed and implemented new product and geographic reporting structure, implemented new technology for imaging and workflow, migrated existing accounting operations and supported new start-up operations, implemented Oracle 11i in new European markets, and designed cash management program. • Recruited, trained and built a cohesive accounting team of 20 with the highest level of integrity and ethics. Instilled a customer service mindset and built a culture of accountability and results orientation.