Chief Financial Officer

  • Chicago, IL
  • Full-time

Company Description

Instituto del Progreso Latino (Instituto) was incorporated in 1977 to meet the needs of Latino immigrants to learn English, find employment, accustom their children to the U.S. educational systems, and adjust to life in Chicago in a myriad of ways. Since its inception, Instituto has been a story of hope, perseverance, and community triumph.

        

Today, Instituto is a recognized leading city and state educational center serving more than 14,000 participants annually to advance their basic academic skills, obtain a high school diploma, pass the GED exam, become U.S. citizens, increase their job skills, and provide assistance with employment opportunities. Our goal is to instill that sense of hope, motivate perseverance, and provide the tools for success.

Job Description

The Chief Financial Officer (CFO) reports directly to the President/CEO, leads all finance and accounting activities. Ensures timely delivery of financial and statistical reports for management and/or Board use.  The CFO also works to maintain key relationships that promote the effective and efficient use of resources to advance Instituto’s goals.  As a part of the executive management team, the CFO plays a key role in advancing the mission of the organization.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES

 

Strategy & Leadership

  • Advise the CEO and senior management team of financial planning, budgeting, cash flow, operating plans, and policy matters
  • Drive the organization’s fiscal strategy and work collaboratively with stakeholders to achieve organizational strategic goals
  • Report to Instituto and School Boards and Finance Committees on organization financials  
  • Engage the Finance Committees of the Board of Directors to develop short-, medium-, and long-term financial plans 
  • Represent the organization externally, with key partners and foster ongoing positive relations with the organization’s key constituencies including board members,  Finance Committees, financial institutions, investors, foundation, executives, auditors, public officials, legal, accounting firm relationships
  • Develop five year financial projections based on Strategic Plans
  • Develop capital budget
  • Foster an environment of innovation and continuous improvement
  • Maintain an atmosphere of collaboration and communication among all areas of the organization
  • Take a leadership role in other major projects where the CFO’s skills and/or experience are critically important

 

Operations & Finance

  • Directs the preparation of all financial reports, including income statements, balance sheets, tax returns, reports for government regulatory agencies and reports for grantors
  • Oversee risk management for organization according to contract and regulatory requirements
  • Inspire and hold accounting and finance team accountable for a high level of performance, team work and customer service
  • Ensure timeliness, accuracy, and usefulness of financial and management reporting to funders, foundations, and Board of Directors
  • Coordinate audits and proper filing of tax returns
  • Oversee the compliance of government rules and guidelines, including tax filings, grants, and reporting
  • Oversight of key treasury responsibilities including cash management, executing required financing, managing investments, review of monthly finance statements and ensuring compliance of all internal controls
  • Develop and implement metrics to measure progress toward strategic goals
  • Review and analyze budget revenues and expenses to forecast cash flow projections
  • Analyze operational performance, budgetary issues, financial performance at macro and micro levels and help develop plans to anticipate and address deviations or shortfalls
  • Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations

 

Team Leadership 

  • Supervise finance and accounting staff, align department goals with the organization’s strategic plan
  • Promote a culture of high performance and continuous improvement that values learning and a commitment to quality
  • Direct the goals and priorities of direct reports, establish performance metrics, and monitor and evaluate outcomes
  • Conduct performance appraisals, provide for instruction and training of employees, and conduct disciplinary/counseling activities as necessary
  • Coach and ensure staff members receive timely and appropriate training and development
  • Develop learning opportunities for employees
  • Position requires a flexible schedule and the ability to work evenings and weekends as needed
  • Ensure clients, vendors, suppliers, and staff are treated with professionalism, integrity and urgency
  • Other duties as assigned by President/CEO

Qualifications

  • CPA or MBA preferred
  • 5+ years experience as CFO or equivalent
  • Experience managing a budget of at least $15 million
  • Demonstrated use of entrepreneurial spirit and approach
  • Significant experience in or knowledge of nonprofit accounting, including complex foundation and grant accounting, compliance, and reporting
  • Experience with Charter schools and higher education preferred
  • Track record of working with the complex issues facing k-12 and higher education organization      successfully
  • Ability to develop financial strategies that will support an organization’s student-centered priorities
  • Experience partnering with executive leadership to develop strategic plans with financial, academic and administrative components across an organization.
  • Experience with compliance and other regulatory issues and enforcement requirements of educational institutions
  • Experience explaining complex financial information in ways that effectively articulate the      organization’s financial vision, strengths, goals, and requirements to a wide range of audiences, both internal and external
  • Experience developing delivering effective presentation to key stake holders, both internal and external, including community partners, governmental agencies and  others
  • Knowledge and understanding of the audit process
  • Experience with finance accounting software packages
  • Experience with Real Estate accounting a plus
  • Demonstrated leadership ability, team management, and interpersonal skills
  • Excellent analytical and abstract reasoning skills, plus excellent organization skills
  • Ability to effectively supervise staff, build teams, train and coach others
  • Able to work with a wide ariety of people
  • Exceptional organization nd time management skills
  • Exceptional “customer ervice” approach
  • Excellent oral and written communication skills
  • Strong project management skills, attention to detail and effective anagement of multiple projects at one time
  • Ability to adhere to eadlines, react to unpredictable events quickly and efficiently, be esourceful, manage conflict and challenges
  • Advanced skills with microsoft Office, Word, Excel, PowerPoint, and the Internet

Additional Information

Submit cover letter with resume, salary history, expectations, and a completed application (located at: http://www.idpl.org/idpl_careers.html),

Instituto del Progreso Latino is an equal opportunity employer

www.idpl.org