The Executive membership category is open to those executives who perform some or all of the duties of a financial executive, as defined by FEI and who serve companies of sufficient size to meet FEI’s qualifications. Applicants for Executive membership must meet the specified requirements, and must hold a FEI qualifying title or serve on an audit committee as his/her profession.
Typically Qualifying Titles
Chief Financial Officer, Chief Accounting Officer, Controller, Treasurer, Vice President of Finance, Vice President of Planning and Analysis, Vice President of Taxes, Vice President of Pension Fund Investments, Vice President of Risk Management, Director of Finance, Taxes, Treasury, Accounting, and Audit Committee member
Senior Manager or Manager: Accounting, Auditing (General/Internal), Borrowing & Investments, Budget, Cash, Collections, Compliance, Country, Credit, Finance, Corporate Finance, International Finance Project Finance, Trade Finance, Financial Analysis, Financial Planning & Analysis, Financial Reporting, Foreign Exchange, Investor Relations, Planning, Pension & Investment, Risk, Tax, Treasury
Qualifying Company Criteria
$2 million in net worth, or
$6 million in capital (combined net worth and long-term debt), or
$10 million or more in annual revenues.
$8 million in operating expenses
$200 million in total assets (Financial institutions)
$40 million total assets (Government corporations / authorities).
Individuals employed as consultants for service providers typically do not qualify. If an applicant does not hold a typical qualifying title, an applicant may qualify as an Executive member if their duties and responsibilities fall under the following guidelines:
Assistant Financial Executives: Assistant Financial Executives must report to the CFO, Vice President – Finance, Controller or Treasurer and perform (on a shared basis) the duties and responsibilities of a financial executive.
Senior-Level Specialists: Senior-level Specialists must be the senior policy-making official responsible for Internal Audit, Tax Administration, Planning and Business Development, Risk Management, Management of Retirement Funds and Investments, Management of Investor Relations or Employee Benefits Administration. The Senior-level Specialist’s company must have revenues in its most current fiscal year of $40 million or more, or $800 million or more in assets if a financial institution.
Qualifying Company Criteria - Assistant Financial Executives/Senior-Level Specialists: Requirement is 4X criterion for financial executives. For example, an assistant controller or assistant treasurer of a company with $32 million of operating expenses or $8 million of net worth is eligible. Applicants must be employed by a company with $40 million in revenues, or $100 million of employee benefits investments under management, or a financial institution with $800 million in assets.
Applicants for Academic membership must be a practicing educator in the field of accounting, business or finance and hold academic rank of a Dean, Assistant Dean, Professor, Associate Professor or Assistant Professor.
Applicants or membership category transfers for In-Transition membership must be unemployed and must register with Headquarters’ Membership Department for Career Management services. Membership in the In-Transition category is open to applicants who have held a qualifying position (refer to Qualifications for Membership) during the past 5 years. All applications must be accompanied by a current resume and proof of former employment (business card, personalized company letterhead, or pay-stub with confidential information removed).
Members may remain in the category for two consecutive years at the specified reduced dues rate. All members in the In-Transition category of membership will be invoiced annually for full Executive category dues rate and must qualify yearly for reduced dues consideration. In-Transition membership records cannot reflect business contact information, and all business-related information will be removed. Any member considering In-Transition membership should contact Headquarters to determine eligibility.
This category is open to all senior financial executives who serve in a finance, accounting, budget, or treasury position for a local, state, or federal government agency, department, bureau or office. Applicants for this category should have direct responsibility over budgetary expenditures of at least $25 million.