Chief Financial Officer – Nonprofit (HHS)

ContinuServe, LLC.; Chicago (IL); Hybrid; USD 140,000 - 210,000; Full time

Job summary

ContinuServe, LLC. is seeking an Assistant Vice President to oversee direct reports and provide CFO services to nonprofit clients, managing full-cycle accounting, budgeting, cash and grant management, and audit support. This role also focuses on relationship-building as a brand ambassador and industry thought leader.

Candidates should have extensive nonprofit accounting experience, GAAP expertise, and strong leadership abilities to guide client engagements and ensure regulatory compliance.

Qualifications

• Bachelor's degree in Accounting or related field required.
• 10+ years senior-level accounting experience in nonprofit or similar environments.
• Strong knowledge of full-cycle accounting and financial reporting.
• Advanced proficiency in Excel and accounting systems.

Responsibilities

• Oversee direct client services and deliver CFO-level guidance to nonprofit clients.
• Analyze budgets, cash flow, and financial statements to identify improvements.
• Develop budgets and forecasts aligned with client goals.
• Prepare and deliver accurate financial reports to clients.
• Present financial insights to client governance bodies.
• Ensure compliance with financial regulations and grant reporting requirements.
• Mitigate financial risks and optimize processes using best practices.
• Review and propose cost-saving measures and revenue opportunities.
• Act as subject matter expert on CFR, indirect cost rates, allocations, and ASUs.
• Build and maintain relationships with C-level stakeholders at client organizations.

Skills

Interpersonal skills

Communication skills

Problem solving

Business acumen

Education

Bachelor's degree in accounting or related field

Master's degree in accounting/finance/BA

Tools

Excel

Accounting software

Job description

Purpose of the Job

The Assistant Vice President provides oversight of direct reports and delivers CFO services to nonprofit organizations by executing contractual obligations, including managing the full-cycle accounting functions of multiple clients such as financial statement preparation, cash management, grant management, budgeting, and audit preparation support. The Assistant Vice President also serves as a brand ambassador and thought-leader of ContinuServe and helps initiate, maintain, and develop relationships.

Roles and Responsibilities

Direct Client Services (80%)

• Serves as the primary point of contact for assigned nonprofit clients, offering strategic financial advice and guidance to support their organizational objectives.
• Conducts thorough financial assessments for each client, analyzing budgets, cash flow, and financial statements to identify areas for improvement and efficiency.
• Collaborates with clients to develop comprehensive budgets and financial forecasts, ensuring alignment with their long-term goals and objectives.
• Oversees and supports the preparation and delivery of accurate and timely financial reports to clients.
• Delivers financial presentations to key client stakeholders such as the finance committee and board of directors.
• Provides insights and recommendations based upon key financial metrics and industry trends.
• Ensures client compliance with all relevant financial and funding regulations and reporting requirements by proactively identifying and addressing any potential compliance issues.
• Assesses and mitigates financial risks for clients by implementing effective strategies to safeguard their financial assets and investments.
• Evaluates and streamlines financial processes and procedures for clients, leveraging technology and best practices to enhance efficiency and effectiveness.
• Reviews and recommends cost saving measures and revenue generation strategies, including but not limited to recommending funding opportunities such as federal, state, and local government grants.
• Serves as subject matter expert and advisor on all client related accounting and financial matters including but not limited to the Code of Federal Regulations, indirect cost rates, allocation methodologies, and accounting standard updates (ASU's).
• Applies deep GAAP knowledge to ensure compliant financial reporting and sound accounting practices across engagements.
• Fosters strong, collaborative relationships with key stakeholders at each client organization, serving as a trusted advisor and advocate.
• Addresses client concerns and ensures timely resolution.

Supervisory Responsibilities (10%)

• Oversees team deliverables and the execution of contractual obligations.
• Manages multiple direct reports and provides mentoring, training, and professional development.
• Reviews team performance and provides constructive feedback and sign-off on individual development plans.

Other Duties and Responsibilities: (5-10%)

• Provides thought leadership through presentations on technical and management issues to organizations and prospective clients.
• Supports review and management of contract scope, pricing, and staffing to ensure financial profitability of assigned engagement(s).
• Engages and participates in the client’s community and mission through various means such as volunteer opportunities.
• Other duties as requested.

Extent of Public Duties

• Serves as a representative of ContinuServe and a thought leader to organizations within the industry and broader community, displaying courtesy, tact, consideration, and discretion in all interactions.

General Knowledge and Skills

Required Qualifications

• Bachelor's degree in Accounting or a related field
• 10+ years of senior-level accounting experience (Director of Finance, Controller, CFO, CAO, or similar)
• 10+ years of experience supporting nonprofit and/or industry-specific organizations
• Strong knowledge of full-cycle accounting and financial management
• Advanced proficiency in Excel
• Advanced knowledge of accounting and financial reporting systems
• Strong business acumen and problem-solving skills
• Excellent interpersonal and communication skills
• Ability to build relationships with key stakeholders and C-level executives
• Demonstrated ability to prioritize and manage multiple competing priorities

Preferred Qualifications

• Master's degree in Accounting, Finance, Business Administration, or a related field
• Experience managing and developing teams
• Experience creating, implementing, and improving processes and operational efficiencies

Desired Qualifications

• Prior experience in a consulting environment
• Experience with Business Process Outsourcing (BPO) organizations
• Experience supporting multiple clients simultaneously
• Experience serving in a fractional CFO or outsourced finance leadership capacity

Industry Specific Matters (Preferred)

• Industry Experience: health and human service related organizations.

Physical demands

This position requires daily use of fingers, talking, sitting, listening, and vision. Equipment used includes, but is not limited to: computers and keyboards, calculators, writing utensils, and telephones. Employee must be able to lift up to 40 pounds.

Travel Requirements

This position predominantly operates remotely from a home office or at a local office at the employee’s discretion. Travel, while unlikely, may be required at the discretion of the Company. Required travel is typically local to client sites in Greater Chicago but may require travel out of state for periods of time.