Position Summary The vision at Northern Illinois Food Bank is for everyone in Northern Illinois to have the food they need to thrive. A 501(c)(3) nonprofit organization and proud member of Feeding America, we serve our neighbors in 13 counties with dignity, equity and convenience. The organization follows sound financial principles that will insure the longevity and sustainability of our organization. This position oversees and directs the Finance and Accounting functions for the Food Bank. As part of the executive management team, this position will also participate in the Organizational Strategy Team.
The CFO has direct accountability for the financial & management reporting and analysis, regulatory reporting, internal controls, treasury management, risk management and oversight of IT functions.
Manage team of 2 Accountants and 1 Senior Accounting Analyst.
Responsible for oversight of all financial functions of the Food Bank, including Accounts Payable, Accounts Receivable, Payroll, Grant Accounting, General Ledger Accounting, preparation of financial statements and Banking and Investments.
Develop, implement and maintain all financial policies and procedures.
Oversee and prepare budgeting and monthly reporting for government-funded programs.
Oversee annual financial audit process and prepare audit information for areas of responsibility.
Oversee the preparation of annual audit-format financial statements, Statement of Federal Expenditures and 990 reporting package. Oversee the preparation of information for annual letter to agencies of federal awards.
Oversee payroll processing and payroll taxes. Provide approval of bi-weekly payroll.
Manage inventory valuation processes and subledger reconciliations. Participate in the review of monthly and annual inventory counts. Work with inventory team to improve inventory processes.
Board & finance committee management
Oversee monthly bank, investment account and 401k account reconciliations and quarterly petty cash reconciliation, insuring appropriate segregation of duties.
Manage the Food Bank’s banking relationships. Direct the organization’s banking by negotiating bank loans, lines of credit, etc.
Oversee review of contracts for entire organization. Maintain central file of contracts.
Assist the CEO in the preparation of the annual operating budget and strategic plan updates. Provide assistance to individual department heads in the preparation and maintenance of departmental operational budgets, consolidating these budgets and reviewing actual performance against budgeted performance. Prepare reports explaining budget deviations and overall financial performance.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photo copiers, filing cabinets and fax machines.
While performing the duties of this job, the employee is regularly required to communicate. This is largely a sedentary role; however, some filing is required. This would require the ability to move files, open filing cabinets and position self on a stool as necessary.
Position Type and Expected Hours of Work
This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5 p.m. Some flexibility in hours is allowed, but the employee must be available during the "core" work hours of 8:00 a.m. to 5:00 p.m. and must work 40 hours each week to maintain full-time status.
This position is based out of our West Suburban Center (Geneva) location.
Minimal travel is required.
Northern Illinois Food Bank is an Equal Opportunity Employer
Required Education, Skills, & Experience
Bachelor’s Degree in Accounting or Finance.
Seven plus years of experience leading an Accounting and/or Finance team with experience in inventory accounting required.
CPA or demonstrated up-to-date knowledge of the unique requirements in non-profit accounting is required.
Experience with reporting and audit requirements for federal funding is desired.
Advanced Excel Skills and proficiency in Power Point, Word, and Microsoft Office.
Excellent analytical skills and advanced skills in turning data into relevant and useful information based on understanding of the organization and its operations.
Technologically savvy and process driven.
Shows leadership and initiative in taking on new projects and improving business processes.
Demonstrated excellence in teamwork, working cross-functionally across and at different levels in the organization.
Preferred Education, Skills, and Experience
CFO experience for a non-profit organization is highly desired.
Our vision at Northern Illinois Food Bank is for everyone in Northern Illinois to have the food they need to thrive. A 501(c)(3) nonprofit organization and proud member of Feeding America, we serve our neighbors in 13 counties with dignity, equity and convenience, providing 250,000 meals a day. We bring together manufacturers, local and corporate grocers, area farmers, corporations, foundations, and individuals who donate food and funding, and each week nearly 1,000 volunteers help us evaluate, repack, and distribute food. We also proudly partner with more than 900 food pantries, soup kitchens, shelters, and youth and senior feeding programs to provide nutritious food and resources. Our distribution centers are located in Geneva, Park City, Rockford and Joliet.