Chief Financial Officer

IPHI is experiencing rapid growth across our program areas; the CFO role presents a compelling opportunity for a dynamic and strategic nonprofit finance leader. The CFO will partner with a passionate and dedicated team of nearly 50 staff to execute new initiatives and create sustainable financial solutions that advance health justice in Illinois' most vulnerable communities and nationwide. As a member of the senior leadership team, the CFO will help IPHI manage and enhance our recent growth and contribute to the development and attainment of our strategic goals.

We seek a leader who can promote best practices in non-profit financial management while upholding the highest standards of integrity and fiduciary responsibility. The CFO will play a critical role in guiding the organization through change management, designing and implementing initiatives to strengthen financial infrastructure, and ensuring operational effectiveness. The CFO will supervise the outsource finance team and will partner closely with programmatic leadership.

Within available resources, the CFO will be able to expand the team to meet identified operational or strategic needs. The CFO serves as the liaison to the Board of Directors and Executive Committee on financial, operational and administrative information. This position is full-time, exempt, and reports to the CEO. IPHI's standard work week is 37.5 hours.

• Develop a strategic financial vision for the organization, in collaboration with the CEO, and ensure alignment with IPHI's mission, vision, and strategic plan
• Oversee organizational, team growth by guiding the development and implementation of multi-year strategies to enhance revenue, develop high-impact strategic partnerships, and develop and enhance the financial and operational effectiveness of the organization
• Direct the seamless integration of financial and operational initiatives across departments and ensure synergy within the broader organizational framework and strategic plan

• Develop and oversee financial strategies and operations by analyzing financial information and making recommendations to improve performance and support decision making
• Develop and refine financial policies, procedures, systems and internal controls
• Oversee the development of and closely monitor the annual organizational budget
• Oversee the development financial projections and make recommendations to ensure appropriate spending levels
• Partner with program staff to prepare budgets and pricing for funding proposals.
• Support program and accounting staff to manage and monitor program and project budgets and ensure that actual revenues and expenses align
• Oversee monthly, quarterly, and annual closing and preparation of accurate and timely financial statements, financial reporting, tax filings and the audit activities
• Lead processes to develop, win approval and manage IPHI's negotiated federal indirect rate
• Ensure compliance and timely submissions of materials for Illinois' GATA requirements
• Monitor and ensure adequate cash flow, including overseeing federal cash drawdowns and reporting to ensure timeliness and compliance with cash transaction regulations.
• Oversee grant and fee for service receivables
• Oversee banking relationships and serve as the primary liaison with all financial institutions, oversee and monitor banking and credit activities of the organization.
• Lead training of and provide support to all staff to understand and comply with financial policies and procedures
• Oversee the development and supervision of the finance department staff to conduct and implement day-to-day accounting and financial activities, including A/R, A/P, payroll, reconciliations, monthly expense allocations,…