We are recruiting a Chief Financial Officer for a nonprofit based in the Chicago suburbs. This is an ideal opportunity for a Controller to step up into a CFO position and have expanded responsibilities in FP&A and financial leadership.

Position Overview:

The CFO is a key leadership position, reporting to the CEO/President. The CFO is responsible for the overall financial management of the organization, ensuring its financial health and sustainability, and aligning financial strategies with the organization's mission and strategic goals. The CFO will oversee all financial operations, including accounting, budgeting, forecasting, financial analysis, and compliance. The CFO will also play a strategic role in collaborating with the executive team and the board of directors to ensure the organization's long-term financial stability.

Responsibilities:

Strategic Financial Leadership:

Develop and implement the organization's overall financial strategy, aligned with its mission and strategic goals.
Provide financial analysis and recommendations to the Executive Director/CEO and the board of directors on matters such as program effectiveness, resource allocation, and long-term financial planning.
Participate in strategic planning, providing financial insights and guidance.
Assess and evaluate the financial impact of potential new programs, initiatives, and partnerships.

Financial Management and Reporting:

Oversee all accounting functions, including general ledger, accounts payable, accounts receivable, payroll, and grants management.
Prepare and present accurate and timely financial statements, including monthly, quarterly, and annual reports, in accordance with GAAP and any relevant regulatory requirements.
Develop and manage the annual budget process, including revenue projections, expense allocations, and program budgets.
Monitor and analyze budget performance, identify variances, and recommend corrective actions.
Manage cash flow, investments, and banking relationships.
Ensure the accuracy and integrity of financial records and systems.

Compliance and Risk Management:

Ensure compliance with all applicable federal, state, and local laws, regulations, and reporting requirements, including those related to nonprofit accounting, taxation, and fundraising.
Develop and implement internal controls to safeguard the organization's assets and ensure the integrity of financial information.
Manage the annual audit process and serve as the primary point of contact for external auditors.
Identify and mitigate financial risks, and develop and implement risk management strategies.
Oversee the filing of all required tax returns (990, etc.).

Grants Management:

Oversee the accounting and reporting for grants, ensuring compliance with grant terms and conditions.
Work with program staff to develop grant budgets and track grant expenditures.
Ensure timely and accurate reporting to grantors.

Team Leadership and Management:

Lead, manage, and mentor the finance and accounting team, fostering a culture of collaboration, accountability, and professional development.
Recruit, hire, train, and supervise finance staff.
Conduct performance evaluations, provide feedback, and support staff development.

Board of Directors and Stakeholder Engagement:

Serve as the primary staff liaison to the finance committee of the board of directors.
Prepare and present financial reports to the board of directors, providing clear and concise explanations of financial performance.
Communicate financial information to other stakeholders, including donors, funders, and program staff, as appropriate.

Qualifications:

Bachelor's degree in Accounting, Finance, or a related field required.
CPA certification required.
Seven + years of progressive experience in financial management, with at least two years in a senior financial leadership role, preferably in a nonprofit organization.
Thorough knowledge of GAAP and nonprofit accounting principles.
Strong understanding of financial statement preparation, budgeting, forecasting, and financial analysis.
Proficiency in accounting software and Microsoft Excel.
Excellent analytical, problem-solving, and decision-making skills.
Strong leadership and management abilities, with experience in building and leading teams.
Excellent communication and interpersonal skills, with the ability to communicate complex financial information to both financial and non-financial audiences.
Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
Detail-oriented with a high degree of accuracy.

Beacon Hill

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