Chief Financial Officer (Chicago) Job at Renaissance Social Services, Chicago, IL

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  • Renaissance Social Services
  • Chicago, IL

Job Description

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Position Summary

The Chief Financial Officer (CFO) is a key member of the executive leadership team, responsible for overseeing all financial operations and ensuring the long-term fiscal health and sustainability of Renaissance. This role provides forward-thinking financial leadership, builds high-performing systems and teams, and serves as a strategic partner in driving organizational growth, accountability, and resilience.

Position Summary

The Chief Financial Officer (CFO) is a key member of the executive leadership team, responsible for overseeing all financial operations and ensuring the long-term fiscal health and sustainability of Renaissance. This role provides forward-thinking financial leadership, builds high-performing systems and teams, and serves as a strategic partner in driving organizational growth, accountability, and resilience.

Core Responsibilities

Strategic Financial Leadership

  • Serve as a trusted advisor to the Executive Director and Board, offering insight and recommendations based on financial trends, risks, and opportunities.
  • Lead long-term financial planning and forecasting to support strategic goals and scenario planning.
  • Drive the automation and streamlining of financial processes by leveraging technology solutions to enhance efficiency, accuracy, and scalability across the organization.
  • Present clear, data-driven financial analyses and recommendations to internal and external stakeholders.

Financial Oversight & Risk Management

  • Direct all financial functions including budgeting, forecasting, cash flow management, financial reporting, and compliance.
  • Oversee the preparation and presentation of accurate, timely monthly and quarterly financial statements, budget updates, and projections.
  • Coordinate, maintain, analyze, and communicate the financial performance to Management, Finance Committee, and Board of Directors, including Monthly Financial Status, Budgets, and Cash Flows.
  • Oversee Accounting, Audit, and Tax functions; coordinate and lead activities with external audit firms and Grantee officers; prepare internal financial statements and footnotes.
  • Present Financial Audit findings to the Finance Committee and Board of Directors.
  • Ensure regulatory and grant compliance, working closely with auditors and funding agencies during annual audits and reporting periods.
  • Ensure compliance with federal, state, and local requirements by researching, consulting, and filing financial reports, and completing monthly tracking of all grants.
  • Maintain and enhance internal control systems to safeguard organizational assets and ensure financial transparency.
  • Review and approve all invoices for payment, monthly rent rolls, providing GL coding, Accounts Payable Summaries, and Bank Reconciliations.
  • Review and approve all Federal Grant Voucher Drawdowns before processing; process vouchers as needed.
  • Oversee financial procedures at organizational fundraising events as necessary.
  • Oversee client billing and payment tracking.

Team & Departmental Leadership

  • Supervise and support finance and accounting team members, ensuring clarity of roles, high performance, and opportunities for professional development.
  • Establish a team culture of ownership, responsiveness, and solution-oriented thinking.
  • Support cross-departmental collaboration and financial literacy across leadership and program teams.

Budgeting & Program Alignment

  • Partner with executive and program leadership to develop and manage annual and program-specific budgets.
  • Monitor and report on budget-to-actual performance, identify variances, and recommend corrective strategies.
  • Align financial strategies with programmatic goals, funding requirements, and organizational priorities.

Grant, Medicaid, and Contract Management

  • Oversee financial aspects of public and private grants, ensuring accurate tracking, reimbursement, and reporting.
  • Collaborate with the Director of Philanthropy and program staff on grant proposals, budget narratives, and cost allocation plans.
  • Work with the Director of Philanthropy on foundation grant applications, budgets, and financial reports.
  • Collaborate with the Billing and Compliance Manager to support accurate Medicaid billing and reconciliation processes.

Payroll Financial Oversight & Compliance

  • Oversee the financial components of payroll, including payroll accounting, tax remittance, and reconciliation with the general ledger.
  • Ensure accurate recording of payroll transactions, wages, and related liabilities in financial statements and organizational budgets.
  • Complete quarterly payroll reconciliations between payroll software and general ledger detail.
  • Collaborate with Human Resources to ensure alignment of payroll data, compensation changes, and benefit deductions for accurate financial processing.
  • Manage payroll-related financial reporting and ensure compliance with local, state, and federal tax regulations.
  • Incorporate payroll costs into broader budgeting and forecasting models to support financial planning and organizational sustainability.

Organizational Systems & Accountability

  • Refine and implement financial systems and tools that promote transparency, accountability, and actionable decision-making.
  • Lead the rollout of organization-wide tools such as Program Status Reports that require departments to identify successes, barriers, and action plans.
  • Assist in identifying, transitioning, and streamlining financial operations to digital systems and platforms.
  • Establish and track performance metrics that align financial performance with organizational impact.

Key Qualifications

  • Bachelors degree in Accounting, Finance, or related field required; CPA or MBA preferred.
  • Minimum of 10 years of progressive financial leadership experience; at least 5 years in a senior nonprofit finance role managing complex budgets and funding streams.
  • Demonstrated expertise in financial planning and analysis, operational oversight, and compliance.
  • Experience building, leading, and mentoring finance teams with a strong emphasis on performance and accountability.
  • Proven ability to translate complex financial data into clear, strategic guidance for executive leadership and board members.
  • Strong understanding of nonprofit accounting principles, grant compliance, and Medicaid-related financial management.
  • Thoughtful, solutions-driven leader with strong critical thinking, communication, and collaborative skills.
  • Committed to the mission and values of Renaissance and to advancing its strategic vision through sound financial leadership.

Seniority level

  • Seniority level

    Executive

Employment type

  • Employment type

    Other

Job function

  • Job function

    Finance and Sales
  • Industries

    Non-profit Organization Management

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Job Tags

Full time, Contract work, Work at office, Local area,

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