Financial Accountant

Archdiocese of Chicago; Chicago (IL); On-site; USD 58,000 - 65,000; Full time

Job summary

Archdiocese of Chicago is seeking a Financial Accountant to record and monitor the organization’s financial assets and liabilities, ensuring GAAP compliance and timely payables processing. This role supports budgeting, reporting and analysis for the executive team.

Responsibilities include managing bank accounts, payroll processing, annual budget creation, and preparation of financial statements and tax forms. A degree in accounting and strong detail orientation are required.

Qualifications

• Degree in Accounting or related field.
• Understanding GAAP and its impact on financial operations.
• Experience with purchasing and inventory control.
• Experience analyzing financial reports and advising management.
• Proficient with Microsoft Office Suite and QuickBooks.
• Experience creating financial and management reports.
• Strong interpersonal and organizational skills.
• Knowledge of publishing industry, royalties, and accounts receivable a plus.
• Commitment to Catholic teaching and values.

Responsibilities

• Record, monitor and administer all financial assets and liabilities per GAAP.
• Maintain corporate bank accounts and perform reconciliations.
• Lead annual budget creation and forecasting for revenue and expenses.
• Process payables on schedule and code expenses correctly.
• Administer payroll processing timely and confidentially.
• Prepare organizational financial statements and management reports.
• Prepare annual 1099s and related tax reports for signature.

Skills

GAAP knowledge

Financial reporting

Detail-oriented

Excel proficiency

Education

Degree in Accounting or related field

Tools

Microsoft Office

QuickBooks

Job description

The Archdiocese of Chicago, the third largest in the United States, serves more than 2.2 million Catholics in 216 parishes in Cook County and Lake County, a geographic area of 1,411 square miles. The Archdiocese, pastored by Cardinal Blase J. Cupich, has more than 13,000 employees in its systems and ministries, including Catholic Charities, the region's largest nonprofit social service agency. The Archdiocese also has one of the country's largest seminaries. The Archdiocese's 150+ elementary and secondary schools comprise one of the largest U.S. private school systems. Its schools have received 96 U.S. Department of Education Blue Ribbon Awards.

LTP is a premier publisher of liturgical and pastoral materials in English and Spanish. Established by the Archdiocese of Chicago in 1964, LTP promotes the liturgical formation of the faithful called for by Sacrosanctum concilium of the Second Vatican Council. Dedicated to developing resources for the assembly, clergy, liturgical ministers, and all who study the liturgy, LTP produces books, videos, workshops, and other training materials so all the faithful may “become thoroughly imbued with the spirit and power of the liturgy” ("SC, 14").

Financial Accountant

LTP is seeking a Financial Accountant to record and monitor the financial assets and liabilities of the organization, ensure the timely processing of payables, assist with processing of receivables and issuance of credit, and to provide an accurate accounting of financial results monthly and annually relative to budgeted expectations. This role serves as a resource for the executive team in the areas of financial performance, budgeting and the proper application of GAAP. If you enjoy accounting and are organized and possess a strong attention to detail, you’re a good fit for our organization.

Key Responsibilities

• To record, monitor and administer all financial assets and liabilities of the organization; keeping Executive Team informed of standard accounting procedures that conform with GAAP.
• To maintain all corporate bank accounts, transferring funds between savings and checking as appropriate; keeping Publisher and Executive Director and Director of Business Operations abreast of transfer needs and bank reconciliation issues.
• To serve as the primary person responsible for the creation of the annual FY Budget, providing the needed source information to directors for expense and revenue projections along with responsibility for forecasting assigned revenue and expense items.
• To process payables on schedule using the designated payment method and ensure all expenses are recorded to the correct expense category.
• To administer the processing and disbursement of payroll in a timely, accurate and confidential manner, ensuring all withholding and voluntary deductions are accurate.
• To create and maintain on a determined schedule the organizational financial statements and sales performance reporting for directors’ review, providing insights and recommendations based on the reports.
• To prepare and process the annual 1099 forms and all other tax-related reports; submitting to Director of Business Operations all those requiring a signature.

Qualifications

• Degree in Accounting or related field, and/or minimum of 5 years’ experience in financial management.
• Understanding of GAAP and the implications on financial operations.
• Previous exposure to purchasing and inventory control systems.
• Experience analyzing financial reports and other measures, providing recommendations to management.
• Computer proficiency, Microsoft Office Suite and QuickBooks.
• Experience in creating financial and management reports.
• Strong interpersonal and office skills.
• Attention to detail.
• Knowledge of publishing industry, royalty processing, and accounts receivable a plus.
• Must demonstrate understanding, respect and support for Catholic Church teaching, mission and values.

The Archdiocese of Chicago offers a comprehensive total rewards package to include competitive compensation and benefit programs. Information about our benefit programs is available here.

This position has an annualized salary range of $58,000 - $65,000. An employee’s pay within the salary range will be based on many factors including but not limited to relevant education, qualifications, experience, skills, geographic location, and organizational needs.