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Housing Forward · 23 hours ago

Chief Financial Officer

Maywood, IL

Full-time

Onsite

Director/Executive

$160K/yr - $175K/yr

10+ years exp

Housing Forward is a nonprofit organization seeking a Chief Financial Officer (CFO) to oversee financial strategy, fiscal integrity, and regulatory compliance. The CFO will lead budgeting, forecasting, and financial management across multiple entities, ensuring sound financial stewardship and compliance with applicable regulations.

EmploymentHomeless ShelterMedical

Responsibilities

Lead financial strategy and planning for the parent nonprofit and all affiliated LLCs, ensuring alignment with mission, governance structure, and long-term sustainability

Develop multi-year financial plans and scenario models that reflect complex entity structures, funding restrictions, and intercompany relationships

Advise executive leadership and Board of Directors on financial risks and opportunities related to entity structure, housing assets, and funding diversification

Present consolidated and entity-specific financial reports to the Board of Directors and Finance Committee

Lead development of annual and multi-year budgets for the organization and each affiliated LLCs

Oversee rolling forecasts, cash flow projections, and variance analyses at both consolidated and entity levels

Ensure budgets align with grant agreements, contracts, operating agreements, and lender requirements

Support program and operations leaders in managing entity-specific budgets and financial performance

Monitor liquidity and cash flow across entities, including reimbursement-based funding and property-related expenses

Monitor banking and investment activities of the organization and initiate appropriate strategies to enhance cash positions and achieve long-term growth of assets

Oversee day-to-day financial operations across all entities, including general ledger, accounts payable/receivable, payroll, and financial reporting

Ensure accurate consolidated and entity-level financial statements in accordance with GAAP and nonprofit accounting standards

Lead configuration and ongoing optimization of Sage Intacct to support multi-entity accounting, including:

Entity and dimensional reporting

Grant, contract, and program tracking

Intercompany transactions and eliminations

Ensure financial systems support reporting requirements for funders, lenders, regulators, and Boards

Ensure organizational compliance with 2 CFR Part 200, including allowable costs, procurement standards, cost allocation, and internal controls

Oversee financial compliance for HUD, VA, Illinois state agencies, and other public funders across applicable entities

Ensure proper financial segregation and documentation for restricted funds and entity-specific activities

Interprets implication of changes in local, state and federal regulations

Partner with Compliance and Grants teams to ensure financial practices align with grant agreements, contracts, and operating agreements

Develop and maintain compliant cost allocation plans and indirect cost methodologies applicable across multiple entities

Oversee intercompany billing, shared services agreements, and management fees in compliance with Uniform Guidance and GAAP

Ensure appropriate documentation and approvals for transactions between the nonprofit and affiliated LLCs

Monitor reasonableness and allowability of costs charged across entities

Serve as primary liaison to external auditors, tax advisors, and legal counsel

Lead annual financial audits, Single Audits, and any entity-specific audits or lender reviews

Oversee preparation and filing of Form 990, Form 990-T, and applicable LLC tax filings

Ensure strong internal controls across all entities to safeguard assets and public funds

Lead corrective action planning related to audit findings or compliance reviews

Lead, mentor, and develop a finance team capable of supporting a multi-entity, publicly funded organization

Foster strong collaboration with Programs, Compliance, Grants, Development, and Operations teams

Build financial literacy among leadership and managers across the nonprofit and affiliated entities

Promote transparency, accountability, and ethical stewardship of public and private resources

Qualification

Financial StrategyMulti-Entity AccountingBudgetingForecastingSage Intacct2 CFR Part 200Financial LeadershipAudit ManagementRisk ManagementPublic Sector ComplianceExecutive CommunicationFinancial LiteracyTeam LeadershipCollaboration