Company Overview:

Established in 2003, Al-Furqaan Foundation is a distinguished international dawah organization with a steadfast commitment to disseminating the profound teachings of the Quran while upholding its five fundamental rights for Muslims: belief, recitation, understanding, action, and propagation. Nestled in the vibrant city of Chicago, IL, in the suburb of Bolingbrook, Al-Furqaan Foundation operates as a non-profit, tax-exempt entity, strategically structured with diverse business units dedicated to fulfilling its mission. Beyond our local roots, our overarching goal is to serve the American Muslim community and beyond, engaging in a wide array of impactful projects and initiatives.

Position Overview:

As a Finance Associate, you will play a vital role in supporting the accounting department in various financial activities, including but not limited to, financial analysis, budgeting, accounting, and reporting. You will work closely with the accounting manager and President to ensure the smooth and efficient operation of financial processes within the organization.

Responsibilities:

Financial Analysis:

• Assist in preparing financial statements, including balance sheets, income statements, and cash flow statements.
• Conduct financial analysis to assess financial performance, identify trends, and make recommendations for improvement.
• Analyze financial data and prepare reports to support decision-making by management.

Budgeting and Forecasting:

• Assist in the preparation of annual budgets and periodic forecasts.
• Monitor budget vs. actual performance and provide variance analysis to management.
• Collaborate with department heads to develop and maintain departmental budgets.

Accounting Support:

• Assist with accounts payable and accounts receivable functions, including processing invoices, payments, and collections.
• Reconcile bank statements and general ledger accounts to ensure accuracy and completeness of financial records.
• Assist in month-end and year-end close processes, including preparing journal entries and reconciling accounts.

Financial Reporting:

• Prepare financial reports for internal and external clients, including monthly, quarterly, and annual reports.
• Ensure compliance with regulatory reporting requirements and assist in the preparation of regulatory filings.

Financial Operations:

• Support financial operations by maintaining financial databases, spreadsheets, and other financial systems.
• Assist in developing and implementing financial policies, procedures, and controls to ensure compliance with internal and external regulations.

Ad Hoc Projects:

• Participate in special projects and initiatives as assigned by management.
• Conduct research and analysis to support strategic decision-making and process improvements.

Qualifications:

• Bachelor's degree in finance, accounting, economics, or a related field.
• 1-3 years of experience in finance, accounting, or a related field.
• Strong analytical and quantitative skills with the ability to interpret financial data.
• Proficiency in Microsoft Excel and financial modeling.
• Knowledge of accounting principles and financial reporting standards (GAAP).
• Excellent communication and interpersonal skills.
• Detail-oriented with strong organizational skills and the ability to prioritize tasks.
• Ability to work independently and collaboratively in a team environment.
• Experience with financial software systems (e.g., ERP, QuickBooks) is a plus.
• Professional certification (e.g., CPA, CFA) or progress towards certification is preferred but not required.

Application Process:

To apply for the position of Finance Associate at Al-Furqaan Foundation, please submit your application via the prompt above and submit your resume/CV at . Applicants must be legally authorized to work in the USA. We kindly request that individuals refrain from making phone calls regarding their application status, even if they have personal acquaintance with our President.

Job Type: Full-time

Benefits:

• 401(k)
• Employee discount
• Health insurance
• Paid time off

Experience level:

• 2 years

Schedule:

• Monday to Friday

Work setting:

• In-person
• Office

Language:

• Arabic or Urdu (Preferred)

Ability to Relocate:

• Bolingbrook, IL 60440: Relocate before starting work (Required)

Work Location: In person