Area of Focus
Business strategy

Doug Opheim

Chief Financial Officer, Chairperson, RSM US Foundation Board of Directors
Area of Focus
Business strategy

About Doug

Doug Opheim is the chief financial officer of RSM US LLP, a role he has held since 2010. He is one of the most influential leaders in RSM’s history and has been with the firm since 1980. He is also chairman of the RSM US Foundation’s Board of Directors.


Experience

Doug has been a senior leader at RSM since 1998, serving throughout his career as an assurance leader, chief operating officer, and currently the chief financial officer. His first role in senior leadership occurred when he helped accomplish the sale of the tax and consulting services to H&R Block in 1999.  This transaction was critical to provide the necessary capital to facilitate RSM becoming the leading provider of assurance, tax, and consulting services focused on the middle market. During his tenure as CFO, he has been responsible for deploying that capital for over 85 mergers, a critical growth strategy for the firm. In 2011, he was instrumental in the buyback of the tax and consulting services from H&R Block and secured the partner and bank financing to reestablish the firm as a partner-owned business. He has experience in many aspects of the business and currently oversees the RSM US Foundation, as well as finance and information technology for RSM. He is also known as the “resident historian” of RSM.

Doug joined the firm in 1980 as an auditor and became one of the assurance leaders in the firm. During his tenure, he has reengineered the firm’s audit process and developed the first-ever paperless audit for midsize businesses. His ability to understand people and technology has helped him shape the strategy for the firm's future.

The son of two educators, Doug has always been passionate about education and stewardship. As a student, he received a meaningful scholarship to his local community college, which instilled in him a desire to provide opportunities to other students and youth. As the current chairperson of the RSM US Foundation, he has made scholarships a possibility for many deserving young people. Doug spearheads giving opportunities for the foundation, which has provided $37 million in programs focused on education and organizations serving youth in the areas of hunger, housing and health since its inception in 2015.

Doug has parlayed his love of cooking into a charitable event to raise money for the RSM US Foundation. “Dinner with Doug” is a coveted ticket for RSM colleagues, who enjoy a meal prepared by Doug in his home.

Doug is a pragmatic leader known for his no-nonsense approach to business. He has played key supporting roles at RSM throughout his tenure, and his long-lasting impact on the strength and stability of the firm is unmatched. 


Professional affiliations and designations

  • American Institute of Certified Public Accountants
  • Minnesota Society of Certified Public Accountants

Education

  • Associate of Arts, North Iowa Area Community College 
  • Bachelor of Science, accounting, University of Northern Iowa