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Chief Financial Officer

2 months ago

Chicago, Illinois, United States Hirewell Full time

SUMMARY

The Chief Financial Officer (CFO) at Hirewell is responsible for overseeing the financial, operational, and human resources functions of the organization. Collaborating closely with the Executive Director, this role encompasses ensuring adherence to applicable state and federal regulations governing nonprofit entities, as well as directing and managing financial, accounting, and human resource systems to align with the strategic objectives of the organization.

DUTIES AND RESPONSIBILITIES

Financial Management


• Prepares comprehensive monthly financial reports, including bank reconciliations and investment summaries for review by the Executive Director and Board, ensuring accuracy and timeliness.


• Leads the annual budgeting and planning processes in partnership with the Executive Director; administers and evaluates all financial plans and budgets; monitors progress and modifications; and keeps the Executive Director and Executive Board informed about the organization's financial health.


• Ensures the integrity of accounting practices and policies, fund management, internal controls, and reporting standards.


• Oversees endowed investment accounts, the Permanent Investment Fund, and short-term cash management strategies.


• Coordinates and supervises the annual audit process, including the preparation of necessary supporting schedules and documentation for external auditors.


• Effectively communicates and presents critical financial information to the Executive Director and the Finance and Budget Committee.


• Performs additional duties as assigned.

Operational Oversight


• Manages employee payroll and benefits programs, including group insurance, retirement plans, and other employee benefits.


• Collaborates with the Executive Director to review and update the employee handbook, ensuring compliance with relevant employment laws.


• Maintains personnel records in accordance with legal requirements.


• Further develops the organization's human resources and operational functions, enhancing professional development, compensation and benefits, performance evaluations, training, and recruitment, as approved by the Executive Director.


• Performs additional duties as assigned.

RELATIONSHIPS


• Supervises the Administrative Support Coordinator, who manages daily bookkeeping tasks, including accounts receivable and accounts payable.


• Works collaboratively with members, vendors, staff, and other stakeholders as necessary.

QUALIFICATIONS AND REQUIREMENTS


• A Bachelor's degree or higher in Accounting, Finance, Business, or a related field; CPA designation is advantageous.


• Comprehensive knowledge of nonprofit and professional organizations.


• A minimum of five years of professional experience, ideally encompassing finance, audit, and operations.


• Proven expertise in managing an organization's financial activities, including budgeting, forecasting, accounting, cash flow management, and reporting.


• High proficiency in accounting and reporting software.

PREFERRED SKILLS


• A collaborative team player, enthusiastic about working together.


• A solution-oriented leader who takes accountability for their actions.


• Exceptional communication, presentation, and relationship-building skills, with the ability to prioritize and work effectively with a diverse, cross-functional team.


• Detail-oriented with a strong emphasis on accuracy while managing multiple tasks.