The Controller, Director of Finance at the Lutheran School of Theology at Chicago (LSTC) is responsible for the procedures and day-to-day operations of the Finance Office. The person in this position controls the general ledger, including overseeing the daily receivables and payables; reconciling monthly account closing; preparing financial reports and analyses; and managing the annual financial statements audit. The position also oversees the work of the outsourced Senior Accountant and offshore team.
A. Client service
Maintains cordial, professional, and service-oriented relations with the LSTC community, while also serving the CFO in a liaison role with Board of Directors, committees of the Board of Directors and the Foundation Board of Trustees.
B. Control the general ledger
Monitors compliance with LSTC financial controls, policies, and procedures.
Establishes and maintains adequate internal control, particularly in regards to cash assets.
Ensures that accounting for transactions in the general ledger is complete, accurate and timely.
Oversees monthly reconciliation of all current asset and current liability accounts and significant revenue and expense accounts as part of the monthly close process.
Prepares monthly financial statements and financial statement variance analyses.
Responsible for accounting for temporarily restricted assets, releases from restriction and endowment accounting.
Maintains accurate records of all fixed assets and related depreciation.
C. Manage the financial statements audit
Responsible for the accurate, complete and timely preparation of all work papers, schedules, financial statements and notes required for the annual financial statements audit.
D. Manage the Finance office
Coordinates activities of outsourced accounting services team to ensure accurate, complete and timely transaction processing.
Functions as the backup for vital financial functions such as cash application, billing, and payables processing.
Makes recommendations for procedural and policy improvements to CFO.
The Director will engage a broad range of constituents. It is essential that they bring a high degree of intercultural competency. Interested applicants must have a bachelor’s degree in accounting or finance, with a minimum of 8 years of experience in related fields, including at least 2 years of supervisory experience. Higher education or not-for-profit accounting experience is required. Certifications in accounting or finance are valued, CMA or CPA. Proficiencies in automated accounting and database management systems are necessary, with advanced skills in Microsoft Excel and Word. Experience with Blackbaud Financial Edge preferred. LSTC is interested in strong and diverse candidates for this position. Women and/or persons from historically underrepresented cultural groups are especially encouraged to apply.
Please submit a letter of interest that includes: a) your reasons for applying, b) your work experience in nonprofit accounting, and c) a description of your experience with accounting related software. Please send a current resume with salary history. Screening of applications begins immediately and will continue until the appropriate person has been hired. The position is full time with full ELCA benefits. E-mail your resume and letter of application to:
Office of Operations, Lutheran School of Theology at Chicago
The Lutheran School of Theology at Chicago (LSTC) is one of eight seminaries of the Evangelical Lutheran Church in America that prepares women and men for a variety of ministries. Established in 1962 as the result of the consolidation of several predecessor Midwestern Lutheran seminaries, LSTC offers degrees at both the Master and Doctoral levels. LSTC has 67 full time employees, an annual opperat...ing budget of 9 million, and serves 350 students. It is an institution with urban, ecumenical, university-related, multicultural, and global communities that is centered in the Gospel of Jesus Christ and open to God’s world.