Chief Financial Officer

Company: IFG International Financial Group Ltd
Location: Chicago
Posted on: March 20, 2023

Job Description:

The Chief Financial Officer (CFO) is a key position and vital to the success of organization's strategic initiatives. This top-level executive strategically manages the overall financial operations of the organization -ensuring compliance with all financial standards. The CFO leads the Finance and Accounting team; regularly collaborating and interfacing with internal and external stakeholders to continuously improve organization's -financial state. Job Function:

• Budget and Operations
  • Develop, analyze, review and manage multiple program and agency budgets
  • Provide management with timely reviews of the financial status and progress in its various programs and activities.
  • Prepare analytics, which summarize and forecast activity and financial position in areas of income, expenses, and earnings based on past, present and expected operations and for Board presentation. Compare those results to actuals and budgets and analyze on an ongoing basis.
  • Ensure timeliness, accuracy, usefulness of financial, management reporting for federal and state funders, foundations, board of directors, and management.
  • Oversee cash, investment, banking, and asset management relationships.
  • Develop, implement and oversee accounting policies, procedures and internal controls
  • Design financial models that will benefit different operating initiatives - Financial Reporting and Audits
    • Coordinate annual audits (HUD audit, 401k/403b audits, Agency audits, 990's, Annual Reports).
    • Ensure accurate tax reporting and proper filing of all tax returns (Federal, state and local).
    • Comply with regulations and file Form 5500 for Health & Welfare plans, 401K, and 403B plans.
    • Prepare monthly and annual work papers.
    • Ensure legal and regulatory compliance regarding all financial functions. Strategy
      • Work with program leadership to plan future initiatives, analyze trends, and effect efficiencies.
      • Navigate complex data and provide analytics and predictive scenarios that drive action and decision-making
      • Identify and address potential financial risks -
      • Implement strategies and systems to improve financial performance
      • Serve as a member of the leadership team.
      • Act as staff liaison for the Finance Committee, Audit Committee, and Investment Sub-Committees. Serves on the Investment Committees for the 401k and the 403b plans.
      • Make approval or rejection recommendations on a variety of financial issues including but not limited to company lines of credit and commercial real estate and loans, rental and equipment leases.
      • Ensure that business decisions are grounded in solid financial criteria
      • Develop cost models for union salary increases and costing of union contract provisions.
      • Ensure departmental and agency financial technology is fully optimized Leadership
        • Creates?an environment that inspires and motivates the team to achieve individual, departmental, and organizational goals.? -
        • Monitors?the team's day-to-day activities?ensuring stakeholder satisfaction.?? -
          • Provides?learning and development opportunities?to?the team that maximizes?their potential.? -
          • Builds?relationships?and open communication channels?with team members that?foster?trust and?respect.
          • Delivers?timely, ongoing feedback?to the team?including?annual performance evaluation. Perform other duties as required and/or assigned
            
            - Qualifications:
          • • Bachelor's degree in accounting, business administration, accounting, or finance; Masters preferred
            • Certified Public Accountant designation preferred
            • 10+ years of experience in financial management; significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance and reporting highly desired
            • Strong supervisory, management, and leadership skills required; 5+ years preferred
            • Highly proficient in Excel, PowerPoint and other Microsoft Office Suite related software; and familiarity with Sage Intacct and ADP preferred.
            • Experience developing and proven ability to create meaningful analytics to measure and forecast the financial state of the agency.
            • Knowledge of budgeting, cost control principles, and Generally Accepted Accounting Principles.
            • Knowledge of federal, state and local financial regulations; must understand non-profit allocations.
            • Detail-oriented, excellent organizational and time management skills and the ability to learn new tasks quickly.
            • Ability to make objective decisions timely and effectively.
            • Excellent verbal and written communication skills
            • Excellent interpersonal skills
            • Ability to maintain a high level of security and confidentiality of information.
            • Ability to prioritize tasks and to delegate them when appropriate.
            • Ability to promote and adhere to company mission, values and focus on client needs. A commitment to a diverse, inclusive, and equitable work environment. For immediate consideration, please email your resume to dipeshpatel@ifgpr.com

Keywords: IFG International Financial Group Ltd, Chicago , Chief Financial Officer, Executive , Chicago, Illinois