Chief Financial Officer - ISACA
Chicago, IL 60290
About the Job
The CFO (Chief Financial Officer) is responsible for managing the financial operations of the organization and ensuring the organization’s financial health and sustainability. This role will oversee all financial reporting, budgeting, forecasting, financial analysis, grant management, and compliance requirements. The CFO is a member of AFC’s Senior Leadership Team and will work closely with the CEO and Board of Directors to develop and implement short- and long-term financial strategies and plans that support the organization’s mission and goals. The CFO manages AFC’s $40.9 million budget and oversees coordination and collaboration with AFC’s subsidiary organization, Center for Housing & Health (CHH), which has a $40.3 million budget. The CFO is responsible for leading a collaborative and forward-thinking team that leverages technology and forward-thinking policies and procedures to continually improve AFC’s financial operations.
The salary range for this role is $168,000 to $200,000 annually, based on experience and qualifications.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
- Develop and implement financial strategies that support the organization’s mission and goals.
- Oversee all accounts, ledgers, and reporting systems, ensuring compliance with GAAP, regulatory requirements, and Office of Management and Budget and other funder requirements.
- Oversee financial reporting, forecasting, budgeting, and cash flow for operations, existing programs, proposed programs, and earned revenue opportunities.
- Ensure the timeliness, accuracy, and completeness of financial records, including the general ledger, accounts payable and receivable, payroll, and other financial systems.
- Develop and oversee the annual budgeting process, working closely with program and departmental leads to develop realistic and achievable budgets and educate AFC managers on AFC’s finances and engage them in the budgeting process.
- Ensure efficient coordination and collaboration between AFC and CHH, including ensuring both organizations use parallel budgeting, accounting, and finance policies and processes.
- Develop and implement a system for regularly reporting to program leads on program spending, including a feedback system to ensure data is accurate.
- Leverage technology to minimize manual data entry and reporting and ensure AFC is using the most up-to-date systems that fit the organization’s needs.
- Ensure financial and accounting policies and procedures are up-to-date and documented.
- Analyze financial data and keep senior leadership abreast of AFC’s financial status.
- Monitor banking and investment activities of the organization and initiate appropriate strategies to enhance cash positions and achieve long-term growth of assets.
- Develop and maintain systems of internal controls to safeguard financial assets of the organization and to oversee city, state, and federal awards and programs and assure compliance with all funder financial requirements.
- Communicate and advocate with AFC’s public funders as needed.
- Manage relationships with external auditors and other financial service providers to ensure compliance with all reporting and regulatory requirements.
- Collaborate with staff and partner agencies to develop and implement internal and external program monitoring, evaluation, and quality assurance activities.
- Assess the financial efficacy of programs and establish financial and administrative systems to support program operations.
- Attend Board meetings, including being the lead staff on the Finance Committee.
- Work closely with the CEO and senior leaders to develop and implement strategic plans and goals that support the organization’s mission and vision.
- Perform other duties as assigned.
SUPERVISORY RESPONSIBILITIES
- Senior Director, Grants and Contracts and Controller. Dotted line reporting relationship to CHH Vice President of Finance.
EXPERIENCE AND EDUCATION
Minimum Qualifications
- BA or BS in accounting or Finance OR a CPA.
- 10 years of directly relevant experience at a Director or Chief Financial Officer level.
- Government grants and contracts experience.
- Hands-on experience with accounting and financial management software and integrating technology into finance.
- Familiarity with the way nonprofit organizations are structured and operate.
Preferred Qualifications
- Master’s degree in accounting, finance, or business.
- CPA.
- Nonprofit accounting experience.
- Knowledge of A-133 audit requirements.
- Knowledge of 2 CFR Part 200.
WORK ENVIRONMENT AND PHYSICAL DEMANDS
- The work environment is representative of that found in a general office environment. Tasks involve the ability to exert light physical effort in sedentary to light work, but which may involve some lifting, carrying,