Director of Finance

About the Organization:

New Moms believes in the strength, skills, and potential of young moms. Our comprehensive approach provides housing, job training, academic coaching, and family support to give moms and their children a path to lasting success. Combining behavioral research, proven methodology, and 40 years of real-world experience, New Moms has established an equity-driven model for generational change, challenging the barriers caused by systemic poverty and racism.

Our Commitment to Equity:

New Moms prioritizes racial equity as a strategic and organizational imperative. Strong candidates will be committed to integrating diversity, equity, and inclusion (DEI) values into their work goals and will be evaluated on their impact.

About the Job:

The Director of Finance is responsible for data gathering and reporting functions to create budgets, and in preparation for audits. General responsibilities include overseeing the government contracts including the fiscal reporting, support for monthly close, implementing and maintaining financial controls, addressing audit requests, and financial supports for operations. The Director of Finance serves as part of the Leadership Team (LT), which assists in providing strategic and day-to-day direction for the organization. This position will champion all New Moms values including our commitment to diversity, equity, and inclusion, in both strategic planning and performance. This position is located at our main location in the Austin neighborhood of Chicago.

Salary range starts at: $84,000 DOQ

Anticipated start date: January, 2025

Key Job Responsibilities:

Finance

• Executes the annual financial planning process for operations, working closely with Chief Officers, directors, and managers to develop budgets
• Implement, manage, and enhance the functionality of the ERP system (Oracle, NetSuite) to ensure accurate and efficient financial data management
• Executes tasks related to the monthly close, accounting reports, journal entries, bank deposits, monitors bank accounts and transfers, credit card reconciliation, accruals, manages accounts payable function, insurance policy renewals, revenue recognition, and cost center reviews with leadership
• Oversees daily accounting functions performed internally and/or externally including tasks performed by third party providers
• Provide payroll allocations and review payroll reports, this supports internal controls
• Manages annual and periodic audits including the Uniform Guidance Audit (UG)
• Updates and Implements policies and procedures that may impact finances
• Collaborates with leadership to identify financial shortfalls, works with directors toward a balanced budget, and develops controls where appropriate
• Participates in forecasting/mitigating risks through continuous review of policy and procedures
• Supports the research and implementation of new technology systems that create efficiencies and user-friendly experiences
• Lead special projects as assigned by Chief Officers
• Provide financial and accounting expertise as it relates to new and major projects
• Assists in providing coverage for staff who are absent on the FICO team when necessary; Partners with CFO and Senior Director of Impact in assigning tasks to others as needed

Contract Management and Compliance

• Manages our portfolio of contracts with city, state, county and federal entities to ensure contract compliance, programmatic renewal and reports, budget submission, and budget amendment(s); Establishes and maintains relationships with point of contact for each funder; Ensures complete files on all contracts/grants

• Provides direct supervision to a team of Contracts Managers, helping them to grow as professionals in their role; Supports staff with all fiscal aspects of all government contracts, discusses/reviews budgets, vouchers, and reporting requirements
• Responsible for the hiring, training and supervision of a diverse team
• Provides coverage for staff who are absent or assigns to others when necessary

• Works with program directors in the process of submitting all monthly, quarterly, and annual programmatic reports to assigned government funders and supports the development team private funder requirements

• Evaluates new opportunities when aligns with mission and strategic growth plan

Organizational Leadership

• Provides thoughtful leadership as part of the Leadership Team
• Upholds the New Moms model, which is grounded in racial equity
• Regularly participates in agency and program staff meetings, as well as professional group seminars or conferences to enhance professional knowledge and job skills
• Committed to developing further as a leader by participating in the New Moms professional development model, demonstrating achievement in competencies defined by the agency
• Performs other related duties as assigned

Qualifications:

Education :

• Bachelor’s or Master’s Degree in Accounting or Finance required; CPA license preferred

Experience :

• More than five (5) years of experience in applying GAAP standards; Advanced knowledge of nonprofit accounting principles and policies, financial planning and budgets at a senior level
• Hands-on experience with ERP software required (Oracle, NetSuite, preferred)
• More than five (5) years of experience in supervision and hiring/leading diverse teams
• Experience working with government contracts including fiscal reporting

Skills/Traits:

• A high level of verbal skills necessary to coordinate the work of assigned staff, and to interact with external stakeholders; Ability to interpret and explain complex materials with colleagues agency-wide
• Ability to interpret and negotiate contracts and agreements where appropriate
• Problem solving skills necessary to create reports and analyze complex data
• Detail oriented and able to work independently

Other requirements:

• Valid driver’s license, with safe driving record and valid insurance; Daily access to a reliable car required
• Ability to work some evenings and weekends, depending on the needs of the organization

New Moms’ Benefits: We offer a comprehensive benefits package to full-time employees including health, dental, vision, disability, and life insurance; matching on retirement savings up to 3%; 15 paid holidays; and generous paid time off. We also offer several unique benefits to New Moms: discounts on Bright Endeavors products, free optional spiritual direction services, and half days on Fridays in the summer. Our Flexible Work Options policy allows for staff to work some hours remotely once training is complete. New Moms is a qualifying employer for student loan forgiveness and your time employed counts toward eligibility.