Chief Financial Officer

Company: Rockford Rescue Mission
Location: Rockford
Posted on: November 13, 2024

Job Description:

As our Chief Financial Officer (CFO), you will drive strategic financial planning and ensure the stability of the Rockford Rescue Mission's financial future. You will work closely with the executive team, providing financial insight and guidance to steer Mission goals and operations in a non-profit world. Your keen financial acumen will support our annual budget and our financial committee while ensuring compliance with all regulatory and accounting standards.GENERAL DUTIES

• Remain knowledgeable on nonprofit best practices including local, state, and federal law related to Finance and IT.
• Provide strategic input and leadership on decision-making issues affecting the Finance and IT departments.
• Assist in the development of operations, processes, procedures, and training to support Finance and IT strategic direction.FINANCIAL RESPONSIBILITIESFINANCE AND IT ADMINISTRATION
  • Drive the annual budget process and assist the Finance Team and Leadership in maintaining budget control as needed.
  • Effectively and regularly communicate and present financial information, including critical and sensitive financial matters, to the CAO and CEO.
  • Represent the organization to financial partners including financial institutions, foundation executives, auditors, public officials, etc.
  • Provide oversight and direction for Rockford Rescue Mission finances in accordance with AICPA, ECFA, and GAAP guidelines and standards.
  • Establish and maintain credibility for the finance/administration group by providing timely and accurate analyses of budgets to assist the CEO, Board, and Leadership Team in performing their responsibilities.
  • Ensure consistent and best practices for internal and external accounting policies, procedures, schedules, controls, and financial systems.
  • Ensure the timely execution of monthly and year-end closing processes.
  • Direct and execute organizational financial analysis, planning, cash flow modeling, and forecasting needed for decision-making.
  • Oversee and lead the annual audit process, including the RFP process for auditor selection, and liaise with external auditors and the Finance Committee of the Board of Directors.
  • Monitor investment strategies and policies in accordance with objectives set by the Finance Committee.
  • Oversee the Mission's dashboard, risk management, and contract management.
  • Develop workers' compensation (WC) budgets for insurance and confirm the accuracy of WC audit results.
  • Complete payroll and benefits budgets.
  • Reconcile 941's with W2s and work with HR to resolve payroll issues.
  • Ensure 403b matches are correct and the 403b annual reports (5500's) are filed in a timely manner.Ensure the Mission is in compliance with all laws and regulations related to Finance and Information Technology.
    • Evaluate the Finance and IT's structure and team plan for continual improvement of the efficiency and effectiveness of the group as well as providing individuals with professional and personal growth opportunities.
    • Review, initiate, execute, and monitor all Mission insurance needs and executive contracts to ensure risk management and adequate coverage of Mission Assets.
    • Establish and maintain systems and controls which verify the integrity of all systems, processes, and data for enhancing the organization's value.
    • Develop with the Leadership Team and enact contingency plans in the event of a disaster, data loss or breach, or similar IT-related catastrophic events.SPIRITUAL RESPONSIBILITIES
      • Take every opportunity to share the Gospel of Jesus Christ with others.
      • Provide spiritual encouragement to staff, volunteers, guests, and residents.
      • Invest in the spiritual development of staff, guests, residents, and donors.
      • Pray for and with staff, volunteers, guests, residents, and donors.
      • Ensure actions and policies reflect the Christian values and purpose of the Mission.
      • Handle relational conflicts according to the Staff Covenant of Romans 12:18 and Matthew 18:15-19.
      • Memorize monthly Scripture, Mission Statement, and Mission Core Values.
      • Participate in corporate prayer and Scripture reading, staff chapel services, and all spiritual gatherings.
      • Support and attend annual mandatory Evangelism In Service training to grow in knowledge of leading others to faith in Christ.
      • Participate in annual spiritual growth training through organization selected curriculum.QUALIFICATIONS
        • Excellent knowledge of data analysis, risk management, and forecasting methods.
        • Ability to translate financial concepts to and to effectively collaborate with programmatic and fundraising team members who do not necessarily have finance backgrounds.
        • Technology savvy with experience managing IT in a mid-sized organization.
        • Strong management and leadership abilities; ability to coach, equip and develop individuals.
        • Level-headed, purposeful in reactions, proactive problem solver. Gathers all information before making decisions and makes decisions according to sound Biblical principles in alignment with the purpose statement and core values.
        • Bachelor's Degree in Accounting, Finance, or Business.
        • CPA required; reputable accounting firm and non-profit accounting experience preferred.
        • At least 8 years of senior financial leadership experience.
        • Experience working with external auditors; compliance and regulatory oversight.
        • Excellent analytical, communication, and presentation skills.
        • A mature Christian and strategic visionary with sound technical skills, analytical ability, good judgment, and strong operational focus.
        • Extremely well organized and self-directed; diplomatic and adept at developing and maintaining interpersonal relationships outside the Mission and within a team dynamic.
        • A decisive individual who possesses a "big picture" perspective and is well versed in systems.
        • Ability to respond effectively to sensitive inquiries and complaints.
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Keywords: Rockford Rescue Mission, Mount Prospect , Chief Financial Officer, Accounting, Auditing , Rockford, Illinois