The CFO (Chief Financial Officer) is responsible for managing the financial operations of the organization and ensuring the organization’s financial health and sustainability. This role will oversee all financial reporting, budgeting, forecasting, financial analysis, grant management and compliance requirements. The CFO is a member of AFC’s Senior Leadership Team and will work closely with the CEO and Board of Directors to develop and implement short- and long-term financial strategies and plans that support the organization’s mission and goals. The CFO manages AFC’s $40.9 million budget and oversees coordination and collaboration with AFC’s subsidiary organization, Center for Housing & Health (CHH), which has a $40.3 million budget. The CFO is responsible for leading a collaborative and forward-thinking team that leverages technology and forward-thinking policies and procedures to continually improve AFC’s financial operations.
The salary range for this role is $168,000 to $200,000 annually per year, based on experience and qualifications.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
Develop and implement financial strategies that support the organization’s mission and goals
Oversee all accounts, ledgers, and reporting systems, ensuring compliance with GAAP, regulatory requirements, and Office of Management and Budget and other funder requirements
Oversee financial reporting, forecasting, budgeting and cash flow for operations, existing programs, proposed programs and earned revenue opportunities
Ensure the timeliness, accuracy and completeness of financial records, including the general ledger, accounts payable and receivable, payroll, and other financial systems
Develop and oversee the annual budgeting process, working closely with program and departmental leads to develop realistic and achievable budgets and educate AFC managers AFC’s finances and engage them in the budgeting process
Ensures efficient coordination and collaboration between AFC and CHH, including ensuring both organizations use parallel budgeting, accounting and finance policies and processes
Develop and implement a system for regularly reporting to program leads on program spending, including a feedback system to ensure data is accurate
Leverage technology to minimize manual data entry and reporting and ensure AFC is using the most up-to-date systems that fit the organization’s needs
Ensure financial and accounting policies and procedures are up-to-date and documented
Analyze financial data and keep senior leadership abreast of AFC’s financial status
Monitor banking and investment activities of the organization and initiate appropriate strategies to enhance cash positions and achieve long-term growth of assets
Develop and maintain systems of internal controls to safeguard financial assets of the organization and to oversee city, state and federal awards and programs and assure compliance with all funder financial requirements
Communicate and advocate with AFC’s public funders as needed
Manage relationships with external auditors and other financial service providers to ensure compliance with all reporting and regulatory requirements
Collaborate with staff and partner agencies to develop and implement internal and external program monitoring, evaluation, and quality assurance activities
Assess the financial efficacy of programs and establish financial and administrative systems to support program operations
Attend Board meetings, including being the lead staff on the Finance Committee
Work closely with the CEO and senior leaders to develop and implement strategic plans and goals that support the organization’s mission and vision
Perform other duties as assigned
SUPERVISORY RESPONSIBILITIES
Senior Director, Grants and Congrats and Controller. Dotted line reporting relationship to CHH Vice President of Finance
EXPERIENCE AND EDUCATION
Minimum Qualifications
BA or BS in accounting or Finance OR a CPA
10 years of directly relevant experience at a Director or Chief Financial Officer level
Government grants and contracts experience
Hands-on experience with accounting and financial management software and integrating technology into finance
Familiarity with the way nonprofit organizations are structured and operate
Preferred Qualifications
Master’s degree in accounting, finance, or business
CPA
Nonprofit accounting experience
Knowledge of A-133 audit requirements
Knowledge of 2 CFR Part 200
WORK ENVIRONMENT AND PHYSICAL DEMANDS
The work environment is representative of that found in a general office environment. Tasks involve the ability to exert light physical effort in sedentary to light work, but which may involve some lifting, carrying, pushing and/or pulling of objects and materials of moderate weight (up to 10 pounds.) Tasks may involve extended periods of time at a keyboard or workstation and on the telephone.
BENEFITS OFFERED
We are proud to offer a comprehensive benefits package designed to support our employees’ well-being and work-life balance, including:
Health Insurance: Multiple health plan options, including HMO and PPO, with some plans available at no cost for qualifying employees
Dental and Vision Insurance: Comprehensive dental coverage with minimal employee contribution and affordable vision insurance options
Retirement Savings: Eligible employees can join AFC’s retirement plan and make Roth or pre-tax contributions directly from their paycheck
Paid Time Off: Generous PTO policy to support personal time and well-being
Flexible Scheduling: Options for hybrid, remote, or on-site work models tailored to individual needs
Life and Disability Insurance: Employer-paid basic life and AD&D insurance, along with short- and long-term disability coverage
Employee Assistance Program (EAP): Confidential resources for personal and professional support, including mental health services
Additional Perks: Access to a Flexible Spending Account (FSA), pet insurance, legal assistance, and a discount program with over 300,000 vendors
Minimum Qualifications:
Bachelor’s degree (BA or BS) in accounting or finance, OR CPA certification
10 years of relevant experience at the Director or Chief Financial Officer level
Hands-on experience with accounting and financial management software and integrating technology into finance
Experience with government grants and contracts
Familiarity with nonprofit organizational structures and operations
Preferred Qualifications:
Master’s degree in accounting, finance, or business
CPA certification
Experience in nonprofit accounting
Knowledge of A-133 audit requirements
Knowledge of federal regulations such as 2 CFR Part 200
Skills and Competencies:
Expertise in financial reporting, budgeting, forecasting, and grant compliance
Strong leadership and strategic planning abilities
Advanced technical skills, including leveraging technology for financial systems
Excellent communication and collaboration skills for working with senior leadership, the Board, and external funders
Supervisory Responsibilities:
Directly supervises the Senior Director of Grants and Contracts and the Controller
Dotted-line reporting relationship with CHH Vice President of Finance
AIDS Foundation Chicago (AFC) is a leading nonprofit organization dedicated to ending the HIV epidemic and supporting those living with or vulnerable to HIV. Founded in 1985, AFC collaborates with community organizations to provide essential services, advocate for HIV/AIDS prevention, and promote health equity. Our initiatives include the “Getting to Zero Illinois” plan, aiming to eliminate new HIV transmissions in the state by 2030. We are committed to racial and social justice, embedding equity in all aspects of our work. Our comprehensive services encompass case management, housing assistance, and policy advocacy, striving to ensure that everyone has access to the resources they need to thrive.
For more information, visit our website: https://www.aidschicago.org/.