Finance Compliance Monitor

CHICAGO COOK WORKFORCE PARTNERSHIP; Chicago (IL); On-site; USD 70,000 - 90,000; Full time

Job summary

CHICAGO COOK WORKFORCE PARTNERSHIP is hiring a Finance Compliance Monitor in Chicago, IL. This role involves leading compliance reviews for subrecipients' financial activities, ensuring adherence to federal and state regulations. Responsibilities include identifying non-compliance issues, training junior staff, and performing fiscal oversight. Applicants should possess a bachelor’s degree in accounting or a related field and 5-8 years of relevant experience. Strong communication and analytical skills are essential to succeed in this position.

Qualifications

• 5 to 8 years of experience in financial monitoring, auditing, or compliance.
• Direct experience conducting compliance monitoring reviews.
• Ability to travel throughout the region and nationally if necessary.

Responsibilities

• Lead fiscal monitoring reviews ensuring compliance with funding sources.
• Identify non-compliance and develop corrective action plans.
• Provide training and mentorship to junior staff.

Skills

Critical thinking

Problem-solving

Communication

Collaboration

Attention to detail

Microsoft Office proficiency

Education

Bachelor’s degree in accounting or related field

Job description

Job Summary

The Finance Compliance Monitor independently leads complex fiscal monitoring reviews and analysis for an assigned subrecipient in The Partnership’s network portfolio requiring minimal supervision from the Manager of Financial Compliance. Ensures compliance with federal and state regulations, and internal controls. Responsibilities include report writing, accounting and internal controls reviews, identifying noncompliance, creating corrective action plans, providing technical assistance to agencies in the Partnership’s network and mentoring junior staff. This position does not have supervisory responsibilities.

Responsibilities

• Provide financial oversight and compliance with subrecipients grants and contracts to ensure compliance with financial and performance requirements of federal, state, and local funding sources.
• Lead comprehensive fiscal monitoring reviews for an assigned subrecipient portfolio applying accepted auditing standards to ensure compliance with financial and performance requirements of federal, state, and local funding sources.
• Identify and analyze instances of non‑compliance, develop and implement corrective action plans, and provide guidance and technical assistance on resolution.
• Conduct in-depth risk assessments to identify potential areas of non‑compliance and develop appropriate mitigation strategies.
• Serve as a subject matter expert, offering technical assistance and training to internal teams and external partners on regulatory requirements.
• Deliver timely and effective communication on complex financial and compliance issues with stakeholders, including internal management.
• Provide training and mentorship to less experienced staff members.
• Follow established procedures to monitor compliance with federal grants requirements and Uniform Guidance requirements.
• Prepare full and comprehensive written audits and reports for each assignment in a timely manner which compiles, analyzes, and summarizes financial compliance data and maintains a record of any issues, findings, or investigations.
• Perform all related duties and responsibilities as assigned.

Required Skills

• Desire to work within a racially diverse environment in which working towards racial equity in workforce.
• Working knowledge of government contracting Federal Uniform Guidance Procedures and requirements indicative of a level of experience and responsibility beyond an entry‑level role.
• Strong knowledge of Generally Accepted Accounting Principles (GAAP), Grant Accountability and Transparency Act (GATA) and general auditing standards.
• Familiarity with the Workforce Innovation and Opportunity Act (WIOA) rules and regulations.
• Deep understanding of federal, state, and local financial regulations, and grant requirements.
• Strong critical thinking, problem‑solving, communication, and collaboration skills are crucial for success.
• Ability to work independently on complex assignments in a fast‑paced environment involving extensive project oversight while also collaborating with colleagues and mentoring junior staff members.
• Ability to successfully train and guide junior staff and demonstrate a proactive independent approach.
• Meticulous attention to detail spotting irregularities in financial documentation.
• Strong analytical abilities, oral and written communication skills including speaking, presenting, and listening, taking initiative, goal setting, receipt of deliverables, as well as excellent time management skills.
• Ability to objectively, professionally, and tactfully interact with subrecipients in resolving complex financial issues.
• Demonstrates proficiency with Microsoft Office including Word, Excel, PowerPoint, Outlook, and Teams.
• Demonstrate ability to gather, organize and analyze information, to develop solutions to problems, and develop and evaluate procedures, while conducting research and working confidentially.
• Ability to work in a team‑oriented environment, multi‑task, and be a self‑starter.

Education and Experience

• Bachelor’s degree with concentration in non‑profit, accounting and financial reporting, or related field; 5 to 8 years of progressively responsible experience in financial monitoring, auditing, or compliance, or a related field.
• Direct experience conducting compliance monitoring reviews and risk remediation work
• Experience in financial auditing, grant administration, or compliance‑related work
• Ability to travel throughout the region, state, and nationally, if necessary.

Physical Requirements

• Frequently required to stand, walk, and sit.
• Frequently required to utilize hand and finger dexterity using a keyboard.
• Frequently required to talk or hear.
• Occasionally required to lift/push/carry items up to 25 pounds.