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Sylvia Murchison, Goodwill Industries of Arkansas (Nonprofit Organization CFO Finalist)

2 min read

After working for a number of years for a public accounting firm and later in health care administration, Sylvia Murchison was interested in taking her career in a slightly different direction.

“I’d been on the for-profit side for many, many years, and I was interested in a role that gave back to the community, and that is something that Goodwill does very well,” she said. “We serve thousands of people in the community, help them find employment, and that is something I was interested in doing.”

Murchison, 57, has been CFO of Goodwill Industries of Arkansas for three years. She is a CPA and has two bachelor’s degrees from the University of Arkansas at Little Rock, in accounting and in business administration in management and marketing. She also received her MBA from UALR.

The nonprofit has 40 locations in Arkansas, along with more than 750 employees. In fiscal year 2015, Goodwill helped more than 4,750 in the state find employment and served 430 people through its Transitional Employment Opportunity program. “It’s a great place,” Murchison said.

She is a member of the nonprofit’s leadership team, and her responsibilities there include directing cash-flow planning, investment management, asset management and financing strategies, as well as developing and monitoring budgets, financial plans and forecasts.

Murchison also manages company assets and benefits, including investments, the group insurance plan, retirement plan, workers’ compensation coverage and property and casualty coverage, as well as finance and payroll department staff. Other responsibilities include evaluating key decisions pertaining to strategic initiatives and operational execution, preparing and analyzing regular financial, operational and capital expenditure reports for senior management and the board, and managing the preparation for and execution of external audits.

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