Responsibilities
Chicago Community Loan Fund’s (CCLF’s) Assistant Director of Accounting will provide advanced accounting support and assist with daily finance, accounting, and office operations, including:
• Oversee program and grant accounting activities, including grant compliance, grant budget monitoring, drawdowns, and related reporting.
• Manage all subsidiary accounting, including intercompany transactions and consolidation for subsidiaries and providing subsidiary financial statements and consolidated reporting.
• Review and approve reconciliations, journal entries, and schedules prepared by staff/senior accountants, ensuring compliance with GAAP and organizational policies.
• Review and approve Accounts Payable, ensuring compliance with internal policies.
• Performs journal entries and account reconciliations for complex accounting transactions, such as loan loss reserves estimates.
• Assist CFO and/or Director of Accounting with the preparation of monthly, quarterly, and annual financial reporting, budgeting, forecasting, board reporting, and investor reporting requirements.
• Research and evaluate the accounting impact of new business activities, transactions, and organizational initiatives.
• Gathers necessary account information and documents needed to perform annual audits and assists external auditors.
• Maintains knowledge of generally acceptable accounting practices and procedures.
• Complete other tasks as required.
The above statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as a detailed description of all the work requirements of the position. The Organization may change the specific job duties with or without prior notice based on the needs of the organization.
Nature & Scope of Working Relationships
The Assistant Director of Accounting position requires maintaining a good working relationship with the executive management team, staff and office suite partners, investors, auditors, and other stakeholders. The Assistant Director of Accounting reports directly to the Director of Accounting.
Major Challenges/Performance Measures
The major challenge of the Assistant Director of Accounting position is to assist with the organization’s accounting, finance, and reporting functions. This includes overseeing grant accounting, grant compliance, and grant reporting activities; managing subsidiary accounting and consolidated reporting; supporting the management of the close process, audit activities; maintaining effective internal controls and accounting procedures; and providing guidance to accounting staff.
Performance measures include: (1) accurate and timely monthly accounting close process; (2) accurate subsidiary and consolidated financial reporting; (3) successful completion of annual audits, and compliance reporting; (4) effective guidance of senior and staff accountants; and (5) positive communication and positive teamwork with staff, auditors, management and all other stakeholders.
Qualifications
The successful candidate will possess the following:
• 7 years of experience in general ledger. Knowledge of Abila MIP system is preferred.
• 7 years of experience of GAAP and internal controls, preferably with consolidations and program and/or grant accounting (compliance, budget monitoring, drawdowns and reporting) experience.
• 7 years of experience in organizational and time management skills.
• Ability to multi-task, meet deadlines, and manage multiple priorities.
• Ability to review and approve work of staff and senior accountants.
• Excellent oral and written communication skills.
• Ability to manage and maintain confidential information
• Ability to work effectively in a team environment
• High level of experience with Excel and Word applications
• Outstanding punctuality and attendance.
Minimum educational requirement: Bachelor’s degree in accounting or finance required; CPA preferred. Seven or more years of related experience, preferably with non-profit, grant accounting, and/or consolidations experience.
Residency Requirement: To be considered and remain eligible for employment with CCLF, the individual must be an established Illinois resident at or by the time the individual commences employment and remain a permanent Illinois resident throughout the individual’s employment with CCLF.
Key Skills
• Accurate documentation of financial transactions
• Account reconciliation (cash receipts, receivables/payables, balance sheet, income statement accounts)
• Financial report preparation and audit preparation and report for external auditors
• Accounts payable processing and vendor payment coordination
• Strong knowledge of general ledger (Abila MIP) and proficiency in Microsoft Excel and Word
• Strong knowledge of financial statements and accounting practices and procedures
• Grant recording and compliance with grant agreements and budgets
• Strong organizational and time management skills, with ability to manage multiple priorities and deadlines
• Cross-departmental coordination and effective team collaboration
• Confidentiality and integrity in handling sensitive and confidential financial information
• Strong written and verbal communication skills
Pay and Benefits: Exempt Annual Salary Range: $94,961 – $123,450; Medical/Dental/Vision/Life Insurance/STD/LTD; 40 hours Paid Leave/96 hours Paid Sick Leave/104 hours Vacation; 8 hours Birthday Pay/10 Holidays/6 Mental Health Days.
Work Conditions
Majority of time is spent indoors in an office atmosphere. While performing the duties of this job, the employee is regularly required to sit, use hands, talk and hear. This employee may occasionally lift and/or move up to 25 pounds.
Equal Employment Opportunity
At Chicago Community Loan Fund (CCLF), we are committed to an inclusive workplace where diversity in all its forms is championed. CCLF is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, genetics or Veteran status. We also consider qualified applicants with criminal history, consistent with legal requirements. CCLF expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of CCLF’s employees to perform their job duties may result in discipline up to and including discharge.
Americans with Disabilities Act
CCLF is committed to fostering an inclusive and accessible workplace where all employees can thrive. Employees and applicants with disabilities are encouraged to request reasonable accommodation to support their ability to perform the core functions of their role. Accommodation requests will be assessed on a case-by-case basis in compliance with applicable laws, with the goal of ensuring equitable access to opportunities within our organization.
To Apply
FOR CONSIDERATION PLEASE SUBMIT RESUME TO: [email protected].
No phone calls please.