Chief Financial Officer

Description

POSITION TITLE

Chief Financial Officer (CFO) STATUS:
Exempt, FT GRADE: 9

DEPT

Administration PROGRAM:
Executive Management Team

Reports To

Chief Executive Officer (CEO)

SUPERVISES

Leads 13-person team with 5 direct reports (Controller, VP Facilities, Grant Compliance Manager, Grants Manager 1 and Grants Manager
2)

SUMMARY

The CFO serves as a member of the senior leadership team with accountability for the financial and accounting functions inclusive of IT and facilities of YWCA Metropolitan Chicago, a $36 million dollar organization with 250 plus employees across nine locations. Our financial resources bring to life our mission to eliminate racism and empower women which we do by unleashing the potential of youth, helping people heal and building economic equity.

Reporting directly to the CEO and working closely with program leaders, the CFO will have a proven professional history of providing timely and strategic financial and operational counsel to non-profit organizations.

With 80% government funding as the primary revenue source across 80 plus grants it’s critical for the CFO to understand local, state, and federal funding streams with experience in delivering on both fiscal and single audits. Government grants include but are not limited to early childhood, youth development, workforce, VOCA, housing, entrepreneurship. The individual is expected to be an excellent financial and accounting technician, demonstrate excellent fiscal judgment and project management skills while being a great coach to the team.

COLLABORATES WITH

The CFO collaborates and interacts regularly with the CEO, Chief Programs Officers, Chief People & Culture Officer;
Insurance Broker, Auditors;
Banking Partners;
Audit and Finance committees of the Board of Directors.

ESSENTIAL CHARACTERISTICS

The Chief Financial Officer (CFO) has overall financial, IT and Facilities management responsibilities for the organization and must develop and implement strategies for continued financial health of the YWCA Metropolitan Chicago. The CFO is responsible for the overall management of the Finance and Accounting, IT and Facilities Teams, including: a) developing strategy and goals, b) effectively managing department workforce to keep them aligned, focused, motivated, and high- performing, c) reporting on the department’s progress toward goals to other Department Heads and to entire staff during staff meetings, and d) modeling the YWCA’s values of an inclusive and respectful workplace and encouraging the same from his staff.

The CFO is expected to: translate broad goals into achievable steps; help set and manage appropriate expectations; handle detailed, complex concepts and problems and make rapid decisions regarding service delivery and property management issues. The individual is expected to: adhere to the highest ethical standards in management and governance; convey a professional and positive image and attitude regarding the organization and the not-for-profit sector;

demonstrate commitment to continued professional growth and development.

ESSENTIAL RESPONSIBILITIES

Financial & Accounting Management (30%)

• Leadership of the Finance and Accounting Department to ensure proper maintenance of all accounting systems and functions, including maintenance of internal controls and financial procedures, direct supervision of the Controller and the Director, Grant Accounting.

• Provide oversight of: accounts receivable and cash receipts; accounts payable; general ledger and related appropriate documentation;

• Ensure maintenance of appropriate internal controls and financial procedures.

• Lead oversight of annual audited financial statements and Single Audit, in accordance with generally accepted accounting principles and government auditing standards, and 990 preparation.

• Produce timely, accurate, and useful financial and management reporting for federal and state funders, foundations, and Organization’s board of directors; oversee the preparation and communication of monthly and annual financial statements.

• Ensure compliance with government contracts, federal and state statutes, and other regulations, and manage joint cost allocation.…