The Chief Financial Officer (CFO), under the supervision of the Executive Director and in accordance with stated agency policies and procedures, serves as the principal financial officer of the corporation. The CFO is responsible for all financial matters of Helping Hand Center. The Chief Financial Officer will partner with the senior leadership and the board of directors to develop and implement strategies across the agency. The CFO is responsible for the agency's financial plans, its accounting practices, the conduct of its relationship with banking and lending institutions and the financial community, the maintenance of its fiscal records and the preparation of financial reports. The position involves supervision of the Accounting Department. Responsibilities include the development, analysis, and interpretation of statistical and accounting information in order to determine profitability, performance against budget, and other matters bearing on the financial soundness and operating effectiveness of the agency. The Chief Financial Officer has the final responsibility for providing management with the appropriate financial and operating information necessary to facilitate agency and department planning and results measurement. In addition, this individual and the accounting staff are expected to work closely with other agency programs on problems involving accounting systems and financial planning.
Essential Duties and Responsibilities:
As a member of the Executive Team, participates in the development of strategic plans and policies and provides the financial framework to support and complement these plans and policies.
In concert with the Executive Team, addresses the financial implications of programs, services, initiatives and/or Helping Hand Center operational changes to ensure an appropriate cost/benefit result for the organization.
Directs the full scope of financial functions and performance and provides a lead financial accountability role in the organization.
Develops, implements, enhances and enforces policies and procedures regarding the organization's financial systems to improve the overall operation and effectiveness of Helping Hand Center.
Ensures compliance with generally accepted accounting principles, IRS regulations and federal, state and local reporting requirements.
Provides timely and accurate financial reports and analyses of budgets to assist the Board, Executive Director, Executive Team and senior staff in executing their responsibilities.
Coordinates relationships with external vendors and supervises audit preparations and timely completion of audit.
Serves as proactive consultant and advisor to volunteer leaders, management and staff, providing technical advice and guidance on financial matters and budgeting processes.
Identifies and communicates revenue enhancement opportunities within the framework of Board approved goals and programs.
Evaluates and advises on the financial impact of the Annual Operating Plan and long-range business plans.
Provides advice and directions on cost management, expense control and reimbursement strategies.
Assists management to further their understanding of the sources and emerging trends of financial support (e.g. changes in member profile).
Assists management in developing pricing strategies for products and services.
Administers the financial aspects of HHC activities and ensures compliance with regulatory standards and federal reporting requirements.
Enhances and monitors audit processes and internal control systems throughout the organization to safeguard assets, streamline operations and manage risks.
Performs the treasury function, ensuring a reliable cash flow projection process and reporting mechanism that includes a minimum cash threshold to meet operating needs of the organization.
Optimizes banking relationship and initiates appropriate strategies to enhance the organization's cash position.
Develops policies that enhance the timeliness and ensure the accuracy of the organization's account receivable processes.
Ensures that Helping Hand Center assets (fiscal, material, personnel) are appropriately protected through effective risk management and insurance programs including property, general liability, publishing, fiduciary, employment and other applicable insurance coverage.
Reviews performance of outside investment managers, interviews potential financial advisors and recommends strategies consistent with stated investment objectives, policies and desired risk levels to prudently maximize return on investments while preserving principal.
Reviews and authorizes contracts in accordance with established policies and procedures. Defines and implements information systems requirements for the financial function.
Evaluates the financial department's staffing structure to ensure continuous improvement in efficiency and effectiveness.
Serves as a mentor to direct reports and department staff and provides professional growth opportunities on their behalf.
Develops user-friendly presentations to communicate financial concepts and reports on key performance metrics.
Handles all other projects or complex assignments as required by the Executive Director, ensuring timely and high quality results.
Bachelor of Science Degree in Accounting or Finance from an accredited University required. CPA required; advanced degree strongly desired.
Minimum of 10 years of management experience leading a comprehensive finance and accounting function
Successful management of organizational budgets in excess of $5 million
Prior experience as a member of an executive or senior management team
Experience in asset management or oversight of investment/financial advisors
Experience in risk management strategies and decision-making
Non-profit, social service experience is highly desired.
Excellent written and oral communication skills
Demonstrated leadership ability, team management and interpersonal skills
Aligning financial strategies with organizational goals, business systems and workflow processes
Building integrated financial solutions
Audit processes and internal controls systems
Regulatory standard, policies and compliance
Federal, state and local reporting mechanism
Accounting, budgeting and database software systems
Internal consultant and staff education for the financial function
Board of Directors
Finance/Investment Committee of the Board of the Directors
Helping Hand Center Staff
Bank and financial institutions
Vendors and consultants
Investment management companies/brokers/advisers
Insurance agents and risk managers
Professional societies or associations as assigned
Helping Hand Center is a nonprofit organization serving children and adults with disabilities in suburban Cook County and greater Chicagoland communities since 1955. We offer a range of programs and services, including a school for children with autism, an outpatient clinic, high school transition, residential homes, employment services, adult day services, and after hours programs.