Chief Financial Officer

Company: ACG Cares
Location: Downers Grove
Posted on: April 20, 2025

Job Description:

Position Summary:This position is responsible for the strategic financial position of the organization focusing on long-term planning and overarching financial strategy. Preparing all financial statements and presenting them to the Board of Directors. Oversees financial processes of the association; oversees building management, relationships, and maintenance issues with tenants in all 4 locations. Works closely with the Senior Management Team to effectively align association financial and physical resources with strategic goals of the Board of Directors.Essential Job Functions and Requirements:Financial: (75% of job function)

• Prepares monthly financial statements and presents financial results to the Board of Directors. In addition, prepares Treasurer's Report, footnotes to the financial statements, and analysis of significant variances to budget or last year's actual results.
• Prepares annual budgets and presents final budgets to the Board of Directors for approval. Reviews all budget elements prepared by staff members with CEO and Senior Management team. Final budget includes comparison to last year's actual and previous year's budget including an explanation of variances to last year.
• Responsible for annual audit review by certified public accountants. Prepares account analysis of all balance sheet items, including fixed asset schedules, and analysis of various income or expense items as requested by auditors.
• Supervises department customer service and accounting processes.
• Reviews accounts payable processing, monthly cash reconciliation procedures, and review of bank statement reconciliation.
• Oversees the preparation of the monthly sales tax returns, makes tax deposits, and files all corporate 1120 and 990 returns.
• Prepares analysis of income or expense topics when requested by the Board of Directors or Executive Management.
• Reviews all banking relations and makes short-term investment decisions with CEO for excess cash flow.
• Keeps CEO apprised of all financial operations, issues, and decisions made in a timely manner.
• Knowledgeable about accounting-related bylaws, rules and regulations, and policies and procedures.
• Attends Audit Committee, Executive Committee, and Board of Directors meetings.Building Management: (25% of job function)
• Manages all leases (satellite locations and equipment) and tenant relationships.
• Oversees repairs and maintenance for all buildings.
• Responsible for risk management for the association.
• Oversees association office supplies needs and ordering.Minimum Requirements:
• Bachelor's degree: A bachelor's in accounting, finance, or a related field is a foundational requirement.
• Professional certifications: Certifications like CPA or CFA can be advantageous.
• Extensive experience: At least 10 years of experience in accounting and financial management practices, with some experience in a senior management position.
• Strategic thinking: Ability to develop and implement financial strategies that align with the overall business objectives.
• Financial knowledge: Strong understanding of financial reporting and financial modeling.
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Keywords: ACG Cares, Chicago , Chief Financial Officer, Executive , Downers Grove, Illinois