Chief Development Officer - Higher Ed. jobs in Illinois

Chief Financial Officer

Since 1961, The Association for Individual Development (AID) has served individuals with developmental, intellectual, physical and/or mental health challenges, those who have suffered a trauma, and those at risk. As a non-profit organization, our mission is to empower people with physical, developmental, intellectual, and mental health challenges to enjoy lives of dignity and purpose. We are looking for a Chief Financial Officer who exemplifies that mission, and who wants to work for an organization that makes a difference. Are you the right fit?

The CFO will have day-to-day responsibility for building, implementing, and managing financial activities, serve as a thought-leader on the leadership team, and create financial policies and infrastructure to fit the needs of a growing organization. With an eye towards process improvements and scaling, the CFO will provide strategic oversight on internal systems and innovative solutions for large capital expenditures. Financial responsibilities include oversight over the external accounting firm, management of
accounting operations and investments, financial reporting and analysis, budgeting and forecasting, compliance and risk management, audit coordination, and capital expenditures.

The CFO will be a collaborative leader who can work closely with the CEO, peers, direct reports, board members, auditors, external consultants, and other internal stakeholders. This position will manage a team of 12 internal employees and external consultants

Organizational & Thought Leadership

• Be a strategic advisor to the CEO and Executive Leadership Team on all financial matters and all growth plans and projects within AID, making recommendations and suggesting proactive strategies to keep the organization financially sound.
• Actively participate in all internal planning regarding any AID program expansion and capital acquisitions to ensure alignment with mission and impact with financial projections.
• Conceptualize and analyze problems and solutions in a proactive, constructive, and creative manner that results in improved performance across the organization.
• Directly oversee Finance, Grant Writing, and Resource Development teams.

Financial Acumen & Oversight

• Oversee all aspects of financial management, including directing external outsourced accounting firm, supervising office finance team, and ensuring accurate and timely monthly financial statements.
• Present clear, relevant, and actionable financial information across the organization and to the CEO and Executive team, Board, and Finance Committee.
• Develop and analyze forecasting capabilities that enable senior leadership to make data-driven, forward-thinking decisions and anticipate financial trends.
• Oversee all cash management, investment policies, financing options for major capital expenditures, risk management, insurance renewal, reporting and compliance, regulatory and audit requirements.
• Financial Management of affordable housing developments, including HUD multifamily projects (ie Section 811), Illinois Housing Development Authority (IHDA) and other state and federal resources.
• Institute sound internal control policies and procedures, assuring timely, accurate production of independent audit reports and clean management letters.
• Provide strategic guidance to evaluate, eliminate, and/or improve manual or low -tech procedures/processes that impede efficiency.

Collaborative & Trust Building Leader

• Foster trust and collaboration among team members and possess the ability to create buy-in with varied stakeholder groups, managing through change with flexibility.
• Provide guidance and direction to engage and support team members at all levels while ensuring a culture of accountability.
• Train and support the finance department in the use of Finance and Fundraising software.

Desired Qualifications

The Chief Financial Officer will be innovative and solution-oriented and will bring a demonstrated track record of leading the financial and administrative strategy in a large, complex organization. The CFO will be highly collaborative and will set priorities decisively, delegate responsibilities, assure accountability, and allocate resources to produce results.

While it’s understood that no single candidate will bring every single competency, strong candidates will offer the following skills, characteristics, and experiences:

• Minimum bachelor’s degree in business, Management, Accounting, or Finance (MBA preferred and/or CPA strongly preferred).
• Minimum of 10 years of progressive advancement in fiscal programmatic responsibilities. At least 5 years' senior management leadership experience, preferably within a nonprofit organization.
  
• Deep knowledge/expertise with contract management and state/federal health and human services funding streams (ie HUD, DHS, DOT, MCO, HFS, etc.)
• Demonstrated track record of leading an organization with annual budget of $50M
• Experience with working with outsourced accounting firm, external auditors, compliance, and regulatory oversight.
• Resilient in solving unexpected problems as they arise while considering liability, precedence, financial implications, and other possible future impact to the organization.
• Strong motivational and staff leadership abilities.
• Excellent written and oral communication skills; experience in effectively communicating key information both verbally and in writing to CEO, Board, peers, and direct reports.
• Proficient in technology (i.e. Financial Edge and Razors Edge) and experience in integrating IT/Systems to improve productivity and accuracy.