Senior Vice President of Finance

Opportunity International; Chicago (IL); On-site; USD 200,000 - 256,000; Full time

Job summary

A leading non-profit organization seeks a Senior Vice President of Finance to drive strategic financial management. This executive-level position requires extensive experience in finance, a strong commitment to the organization’s mission, and the ability to lead financial operations while ensuring regulatory compliance.

Benefits

Medical and dental insurance

403(b) retirement plan

Paid time off

Qualifications

• 15-20 years of experience as a senior finance executive.
• Experience in international NGOs preferred.
• Strong understanding of U.S. Government regulations.

Responsibilities

• Oversee global financial and accounting functions.
• Present financial reports to leadership.
• Manage all financial compliance and audits.

Skills

Financial Management

Budgeting

Financial Analysis

Risk Management

Education

MBA in Finance

CPA

Job description

Join to apply for the Senior Vice President of Finance role at Opportunity International

3 weeks ago Be among the first 25 applicants

Join to apply for the Senior Vice President of Finance role at Opportunity International

Get AI-powered advice on this job and more exclusive features.

In order to be considered, please submit your application through Red Sea website here.

The Senior Vice President of Finance is responsible for the overall operational direction of the organization’s financial and accounting functions, ensuring compliance with corporate and U.S. Government contracts and cooperative awards regulations, managing Opportunity’s corporate finance function, and overseeing subsidiary finance teams and reporting, cash management, and overseeing Opportunity’s investment portfolio and retirement plan assets. The role is critical in managing day-to-day finances and serving as a partner to the CFO to provide hands-on team management.

Compensation Range: $200,000 - $255,840Annually

RESPONSIBILITIES include the following. Other duties may be assigned.

• Responsible for the overall operational direction and management of Opportunity’s global financial and accounting functions and teams.
• Partner with a dedicated executive group to drive the change that is required for rapid growth and expansion of the donor base, specifically government and corporate grantors.
• Administer and monitor all financial functions to keep the senior leadership team informed about the organization's financial status.
• Prepare financial statements and ensure high standards of financial integrity.
• Maintain updated business policies and accounting practices to ensure timely and accurate financial statements.
• Present financial reports to organizational leadership, colleagues, and stakeholdersaccurately and timely.
• Analyze and communicate monthly and annual financial statements toensure the provision of financial reports for donors and individual projects and programs.
• Lead the annual audit process and liaise with external auditors and the board finance committee.
• Develop Standard Operating Procedures and ensure that policies and procedures are in place to protect the organization's assets, including, but not limited to, procurement and expense management procedures to prevent fraud.
• Assist the CFO in establishing strategic financial objectives and operating policies and procedures to ensure the attainment of corporate objectives.
• Collaborate with the CFO in creating sophisticated financial analysis and reporting.
• Ensure proper financial management by preparing and analyzing complete, timely, and accurate budgets and financial reports and managing financial control systems.
• Establish structures to ensurecompliance with all finance-related U.S. federal and state, third-party, and other financial reports with GAAP, IRS, and other taxing entity requirements.
• Cooperate with the head of technical fundraising to ensure financial compliance with all grant funding contracts, including foundations, government agencies, or multilateral organizations.
• Review grant proposals and project budgets to ensure cost projections presented to donors are reasonable and complete.
• Tracking actual expenses against grant budgets to ensure compliance.
• Review contracts in partnership with the Chief FinancialOfficer.
• Implement and maintain proper procedures and policies that are compliant with USAID guidelines.
• Responsible for proper procedures to ensure the organization maintains its tax-exempt status, including timely filing of 990 tax returns, state registrations, payroll tax reports, value-added tax, and sales tax reporting.
• Manage contracts with vendors and consultants and ensure proper fulfillment of contracts.
• Coordinate organizational contractswith legal counsel as appropriate.
• Manage all company bank accounts, investment portfolios, and loans.
• Serve as ERISA Fiduciary of Opportunity’s 403b plan, ensuring diversification of plan assets, reasonable fees, and compliance with regulations.
• Responsible for securing appropriate property, general liability, workers’ compensation, directors, and officers liability insurance for the US entity and all controlled subsidiaries.
• Responsible for financial and operational updates presented to charity rating agencies.

QUALIFICATIONS

• Between 15-20 years of increasingly responsible experience as a senior Finance Executive, with supervisory responsibilities in non-profit organizations, preferably International NGOs.
• MBA with a focus in finance, accounting or related field desired.
• CPA required.
• Minimum of 10 years of relevant work experience in contract, grant, and project management with an emphasis on working with public sector-funded projects/programs (USAID, USDA, UNCDF, IADB, or similar) and coordinating USAID contracts. Experienced team leader with a demonstrated record of hiring, training, building, and retaining high-capacity teams.
• Demonstrated excellence in managing finance, accounting, budgeting, control, and reporting.
• Excellent understanding of FAR, AIDAR, and other USG rules and regulations and experience applying these rules and regulations to manage contracts effectively. Exceptional financial analysis and risk management skills with a strong operational focus.
• Strong problem-solving and creative skills and the ability to exercise sound judgment and decisions based on accurate and timely analyses.
• An articulate communicator with strong oral, written, and presentation skills.
• Ability to translate financial concepts and to effectively collaborate with program, marketing, and development colleagues with limited financial backgrounds.
• Experience in negotiations and contract review.
• A hands-on leader with unquestioned integrity and ethics and a desire to work in a growing and dynamic, mission-driven, values-based organization. Strong commitment to developing team members.
• Passionate about Opportunity’s mission, vision, motivation, and values, and can expertly promote and communicate the organization’s goals and objectives to external and internal audiences.

KEY DELIVERABLES

• Unqualified audited financial statements
• Financially sound annual budgets
• Compliance with USG regulations as evidenced by single audit report
• Strong cash flow management
• Adherence with local rules, regulations and laws in multiple subsidiary operations

KEY RELATIONSHIPS

• CFO/COO
• Controller
• Tax Accountant
• Executive Vice President, IPCS (international Programs & Capital Solutions)
• Heads of Programs, EduFinance
• Operations Directors, EduFinance
• Heads of Programs, AgFinance
• Operations Directors, AgFinance
• Senior Vice President, Human Resources

LANGUAGE SKILLS

• Fluency in English, both written and oral, is required.
• Additional language skills a plus (Spanish, French)

TRAVEL REQUIREMENTS

• Ability to travel both domestically and internationally up to 15% of the time.

ABOUT OPPORTUNITY INTERNATIONAL
Opportunity International is a global non-profit that has been empowering people to work their way out of poverty since 1971. Opportunity provides 18.7 million people with innovative financial resources, training, and support to grow their small businesses and send their children to school. In 2023, Opportunity International and its partners served 20 million clients, helped fund 7,000 schools that reached 1.9 million children, and they released more than $1.85 billion in capital across 31 countries.We serve all people regardless of religion, race, ethnicity, or gender.Discover more atopportunity.orgor join the conversation onFacebook,LinkedIn,Instagram, andX.

CHILD PROTECTION COMMITMENT
Opportunity believes that all children have a right to protection from any form of abuse regardless of gender, culture, ethnicity, age, religion, sexual orientation, or ability. Opportunity operates in line with international best practices for child protection and recognizes its responsibility to ensure that all employees. This policy applies to anyone acting on behalf of Opportunity or is involved in its programs in any capacity. All employees are subject to background checks, which include criminal checks and sex offender list checks, as allowed by local law.

EQUAL PAY & BENEFITS COMMITMENT
At Opportunity International, we are dedicated to maintaining transparency and fairness in our hiring process. Consistent with applicable law, compensation will be determined based on the skills, qualifications, and experience of the applicant along with the requirements of the position, and Opportunity International reserves the right to modify this pay range at any time. For regular roles, Opportunity International offers medical, dental, vision, life and AD&D, disability, accident, critical illness, cancer, and pet insurance, identity theft protection, 403(b), and paid time off. For more details on our benefits, please visit our website here.

In order to be considered, please submit your application through Red Sea website here.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Sales, General Business, and Education

• Industries

  Wireless Services, Telecommunications, and Communications Equipment Manufacturing

Referrals increase your chances of interviewing at Opportunity International by 2x

Get notified about new Senior Vice President Finance jobs in Chicago, IL.

Senior Vice President Finance - Natural Food Brand

Chicago, IL $250,000.00-$275,000.00 1 month ago

VP Finance Opportunity - Hyper Growth Food Startup

Vice President/ Senior Vice President, Equipment Finance Officer - MM

Chicago, IL $145,000.00-$160,000.00 1 month ago

Financial Analysis Vice President - Finance & Business Management

VP, Financial Systems - Cloud ERP Leader

Chicago, IL $155,000.00-$260,000.00 2 days ago

Chicago, IL $230,000.00-$350,000.00 1 week ago

Chicago, IL $300,000.00-$375,000.00 14 hours ago

Chief Financial and Administrative Officer (CFAO)

Greater Chicago Area $165,000.00-$185,000.00 12 hours ago

Chicago, IL $150,000.00-$180,000.00 1 month ago

Vice President of Financial Planning Analysis

Chicago, IL $150,000.00-$175,000.00 2 weeks ago

VP of Accounting and Finance up to $200K (Hybrid/Loop)

Vice President Finance (Retail industry required)

Chicago, IL $165,000.00-$180,000.00 3 weeks ago

Vice President, Financial Planning & Analysis – Management Company Accounting

Chicago, IL $175,000.00-$185,000.00 1 month ago

Chicago, IL $194,016.00-$230,000.00 14 hours ago

Greater Chicago Area $225,000.00-$250,000.00 3 weeks ago

Chief Financial Officer for Private Equity Portfolio Company

TexChange Unbrokered - Chief Financial Officer (CFO)

Chicago, IL $168,000.00-$200,000.00 4 months ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.