Chief Financial Officer

Chicago, IL

Hybrid – 3 days on-site

Position Overview

Be a part of a nonprofit organization dedicated to improving the earning potential of the local community through innovative employment initiatives that lead to economic advancement and an improved quality of life for residents. As the Chief Financial Officer, you will be responsible for managing the financial operations of the organization and its social enterprise subsidiaries, ensuring the organization’s financial health and sustainability while overseeing a team of finance and HR professionals.

Responsibilities

• Develop and implement financial strategies that support the organization’s mission and goals
• Manage and oversee all financial operations
• Implement and update all accounting and financial policies and procedures to be compliant with relevant standards
• Establish and monitor all reporting activities and highlight variances for the organization
• Oversee the daily financial functions
• Regularly prepare and present monthly financial reports and provide analysis and recommendations
• Ensure compliance with all financial reporting requirements
• Manage relationships with external partners
• Develop and maintain systems of internal controls and risk management procedures to safeguard financial assets of the organization
• Manage the annual external audit by independent auditors
• Regularly review and revise the Accounting and Financial Management Handbook
• Manage the annual process of reviewing and renewing the various business insurance policies
• Prepare the annual budget planning and coordination with key managers and other stakeholders
• Develop and monitor the organization’s Cost Allocation Plan and Indirect Cost Allocation Plan
• Establish sound forecasting assumptions and evaluate strategy implemented to achieve forecasts
• Direct the HR Manager in the design and implementation of wage incentives, commissions, bonus’ and salaries for staff
• Monitor actual performance against budget and provide regular updates and analysis
• Develop and maintain financial forecasting models that support long-term financial planning and decision-making
• Develop and present concise financial reports to effectively communicate the financial condition and internal control status
• Develop and implement financial policies and procedures that align with the organization’s values and strategic goals
• Represent the organization at internal and external events and meetings, providing financial guidance and support
• Develop HR strategies aligned with the organization’s financial goals
• Monitors HR Operations and financial oversight to external providers
• Provide oversight to the annual group insurance open enrollment process to ensure competitive and cost-effective benefits packages
• Ensure a comprehensive and streamlined process for recruitment, onboarding, performance evaluation, compensation review, disciplinary procedures, and staffing transitions
• Develop and implement appropriate systems of internal control over payroll processing

Qualifications

• Certified Public Accountant certification required
• 5 years of senior financial management experience in the non-profit or governmental sectors of at least $5M in annual revenues
• Proven work experience as a CFO, preferably within a nonprofit organization or governmental agency
• Proven leadership capability with the ability to manage and develop positive morale by recognizing and capitalizing on their staff's skills at all levels
• Experience working with external auditors and compliance requirements
• Previous experience leading HR processes or team
• Extensive practical knowledge of accounting, financial reporting, planning, and analysis within the not-for-profit or governmental sector
• Demonstrated comprehension of analyzing financial reports and recommending actions for improvements
• Display the utmost level of integrity
• Results oriented
• Ability to work independently and meet deadlines in a fast-paced environment
• Excellent attention to detail, strong analytical skills, and time management
• An effective communicator, with strong oral and written skills
• Remain up to date on current accounting and financial developments, regulations, and laws effecting the industry
• Demonstrated critical thinking, strategic planning, and problem-solving abilities
• Deep familiarity/expertise with multiple funding sources

Compensation

• Salary: $150,000 - $160,000
• Medical, Dental, Vision
• Paid Vacation
• 401k Match