Director of Finance
About Indo-American Center: The Indo-American Center (IAC) was established as a community based, 501(c)(3) non-profit organization by a group of Indian immigrants seeking to respond to the needs of their fellow growing South Asian immigrant population. Located on Devon Ave, at the heart of “Little India” in the West Ridge neighborhood of Chicago, IAC is deeply rooted in the community it serves. IAC connects clients to resources and opportunities that improve their individual community and quality of life through direct service, outreach, education, access, and advocacy. IAC operates six core programs: public benefits connections, immigration legal services and citizenship, adult education and literacy, health literacy and education, a seniors’ program, and civic engagement and community organizing.
Job Summary: Reporting to the Executive Director (ED), the Director of Finance and Operations will define the process and implement the infrastructure/systems needed to support growth at Indo-American Center. Managing a budget of over $2 million, the individual will build upon administrative/financial systems; including financial, accounting, human resources (HR), and physical infrastructure. The Director will supervise a Finance Associate, receptionist, and maintenance staff.
Status: Full time, exempt, salary position
Salary Range: $80,000 to $90,000 commensurate with experience
Duties and Responsibilities:
Financial Management and Monitoring
Financial Management and Monitoring
- Act as staff lead to the Finance Committee for the Board of Directors. Provide regular financial reports, updates, and alerts regarding organization financial processes and health.
- Ensure strong internal controls, efficient financial systems and effective procedures in accordance with generally accepted accounting principles and best practices of financial management.
- Lead annual budgeting and planning process in conjunction with the ED; administer and review all financial plans and budgets; monitor progress and changes and produce monthly budget versus actual report.
- Provide guidance and counsel in development of long-range plans involving strategy development, resource allocation, work plans, timelines and financial outcomes.
- Supervise the Finance/HR Associate to ensure efficient functioning and documentation for all financial systems including receipts, disbursements, billing, payroll, budgeting, accounting, cash flow management, and payroll tax compliance.
- Coordinate the annual audit and preparation of the IRS 990 form with an independent CPA. Ensure efficient year-end financial closing, annual audit, and tax return processes.
- Oversee all project/program grant accounting, ensuring compliance with grant program budgets through the fund period including reporting.
- Develop, document, implement and enforce accounting policies and procedures.
- Serve as a business partner to the Executive Director on the organization’s financial, budgeting, and administrative processes—including HR and benefits functions—with an eye to continuously developing and improving systems.
Administrative Leadership and Management
- Work with all departments of the organization to help plan and manage budgets.
- Maintain government compliance with licensing, Secretary of State reporting, insurance coverage, and reporting requirements.
- Work with staff to ensure that all internal systems meet their needs. Identify needs for IT improvements and implement as necessary.
- Manage the organization’s physical infrastructure and system maintenance (phone system, security, cleaning, supplies, etc.).
- Maintain and revise operational procedures and policies, providing guidance and interpretation for business operations.
- Manage, review, negotiate and update contracts, leases, office systems, and other agreements; oversee purchase of equipment and supplies so that programs are properly resourced.
- Demonstrate and embrace the mission and vision of IAC in all internal and external activities, and achieve the organization’s strategic initiatives with transparency, accountability, consistency, and adherence to the highest ethical standards.
The Director of Finance and Operations will have at least 5 years of professional experience, including managing the finance and administration of a non-profit organization with a similar budget. The individual will have experience creating and driving the analytic framework for planning and managing organizational change. The Director of Finance and Operations will have the following experience and attributes:
- Bachelor’s degree- in Business, Management, Finance Accounting, or related field. (MA/MBA or CPA preferred).
- Excellent people skills, with experience collaborating in a multi-disciplinary, diverse, and dynamic team.
- Experience as a supervisor (at least two years).
- 5+ years of experience in a senior non profit finance/accounting position
- Experience should include legal, audit, compliance and budgeting.
- Expertise in FASB/nonprofit accounting principles, Single Audit standards, financial forecasting, financial data analysis.
- Advanced skills in Excel, Google Suite, Adobe, Quickbooks, Salesforce, and other administrative software required.
- Demonstrated resourcefulness in setting priorities, proposing new ways of creating efficiencies and guiding investment in people and systems.
- Demonstrated experience managing vendors.
- Ability to implement best practices in process analysis and improvements across the organization.
- Outstanding organizational skills.
- Flexible and a self-starter; able to multitask while also being highly detail-oriented.
- Great communication skills.
- Ability to define problems, collect data, establish facts and draw valid conclusions.
- Personal qualities of integrity, credibility, and a commitment to IAC’s mission.
- Multi-lingual a plus: In languages such as Hindi, Gujarati, Urdu, Arabic, or Pashto
IAC is an equal opportunity employer. IAC offers competitive benefits including health, dental, and life insurance, 401K, flexible schedule, and generous PTO.
Job Type: Full-time
Pay: $80,000.00 – $90,000.00 per year
- Dental insurance
- Flexible schedule
- Health insurance
- Life insurance
- Paid time off
- Professional development assistance
- Vision insurance
- 8 hour shift
- Day shift
- Monday to Friday
IAC has a vaccination mandate policy.
Ability to commute/relocate:
- Chicago, IL 60659: Reliably commute or planning to relocate before starting work (Required)
Work Location: One location
- Health insurance
To apply for this job please visit www.indeed.com.