YWCA Metropolitan Chicago · 3 days ago
Chief Financial Officer
Chicago, IL
Full-time
Hybrid
Director/Executive
15+ years expYWCA Metropolitan Chicago is a $36 million dollar organization focused on eliminating racism and empowering women. The Chief Financial Officer (CFO) will oversee the financial and accounting functions, manage a team, and provide strategic financial counsel to ensure the organization's financial health.
Non-profit Organization Management
Responsibilities
Provide direction, oversight, and supervision of the Finance and Accounting staff, including oversight of the organization’s day-to-day financial transactions
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. Identifies/implements cost savings opportunities
Regularly meet and build relationships with key staff to review financial performance and assist with strategies to address the organization’s financial goals
Prepare annual budgets and interim projections, as needed; prepare monthly financial statements and budget comparisons with comprehensive analysis; prepare cash flow projections and cash management; analyze financial needs of program directors
Oversee budgeting, budget implementation, tracking and reconciliation to monitor progress and present financial metrics both internally and externally
Manage cash flow and forecasting. Optimize banking relationships and initiate appropriate strategies to enhance cash positions
Provide reports on a regular basis, and as directed or requested, to keep the Board and senior leadership informed of finances and the operation and progress of compliance efforts
Primary liaison with outside auditors and finance committees; responsible for leading the audit planning, significant accounting policies and their adoption, and financial statement preparation and disclosure.? Review tax returns prepared by outside accountants prior to company officer sign-off.? Work with accountants on tax planning
Apprise the Board’s Audit & Budget Committee about the organization’s finances. Build narratives for board members to support annual budget approval process and quarterly results
Prepare and present quarterly financial presentations to the Board of Directors. Provide financial analysis and input for monthly Executive Committee Meetings. Coordinate quarterly, or more frequently if needed, Finance Committee and Audit Committee meetings including preparation of agenda and supporting materials for the packet
Partners with Chief Development & Brand Inspiration Officer and her staff to prepare grant requests, and report on funds received
Ensure that accurate records of gift pledges, restrictions, and use of donated funds
Assist in the development of private philanthropic and government grant applications
Collaborate with the Chief Program Leaders, and other senior leaders on budget development, ongoing revenue collection and productivity strategies
Support business analysis for new program development and new revenue streams
Evaluate current and potential locations for future YWCA locations
Directly manage the VP of IT, providing guidance and accountability for IT strategy and facilities operations
Collaborate with the VP of IT to develop and implement technology solutions that enhance service delivery, cybersecurity, and operational efficiency
Lead the oversight of IT systems compliance with data privacy standards, including HIPAA and other client confidentiality regulations
Approve IT budgets and major technology investments, ensuring alignment with organizational priorities
Monitor progress on digital transformation initiatives and technology risk management
Lead oversight of maintenance, safety, and security of all organizational facilities
Lead oversight of vendor relationships for building services, leases, and capital improvements
Mentor and develop a team of 13 staff, managing work allocation and workflow, training, problem resolution, performance evaluation and the development of an effective and dynamic team
Qualification
Required
At minimum, 15 years of financial management experience, with a full range of budget responsibility and 5 years of experience with a similarly positioned organization, are required
The experience must include that as a CFO in an entrepreneurial and hands-on business environment
The CFO must possess intellectual strength, excellent business acumen, creativity, a keen understanding of finance, accounting, and operations issues
Prior experience working with banks, and establishment of credit relationships, is required
The Chief Financial Officer must be at ease and skilled in setting direction, managing change, motivating others and holding team members accountable for their work and commitments
Respect for diversity and skills in cultural competency are necessary
The position requires the ability to establish and sustain collaborative working relationships
The Chief Financial officer must have the ability to assess and analyze issues and to identify solutions, with flexibility to adapt to changing priorities and business conditions
Results-oriented with superior skills in organization, planning, and attention to details
Exceptional analytical and problem-solving skills, with experience with diverse operational models
Strong business acumen; Excellent verbal and written communication skills
Proactive, self-directed, and reliable; Strong sense of integrity, honesty, and ethics
Ability to motivate and lead others; Respectful of others; interacts with tact and sensitivity
Flexible and collaborative work style with a strong service mentality
Ability to manage many diverse yet concurrent projects and responsibilities
Ability to build and sustain great internal and external working relationships
Not-for-profit organization experience is required, and knowledge of management of restricted resources
A Bachelor's degree is required, with a major in Business, Accounting or Finance
Preferred
A master's degree is preferred
Certification as a CPA is highly preferred
Government funding experience is preferred
Knowledge of Blackbaud financial systems and financial edge
Company
YWCA Metropolitan Chicago
About YWCA Metropolitan Chicago: Since its founding 149 years ago, YWCA Metropolitan Chicago has been committed to serving the needs of women and girls.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Latecia Patton, M.S
Vice President of Economic Inclusion & Strategic Partnerships
Emily Dreke
Chief Development and Brand Inspiration Officer
Recent News
EIN Presswire
2025-09-02
2025-05-05
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