Accounting Manager, Financial Reporting

Obama Foundation•Chicago, IL

1d•$87,020 - $108,775•Hybrid

About The Position

At The Obama Foundation, our mission is to inspire, empower, and connect people to change their world. We seek to build an active democratic culture where people are equipped and motivated to make change in the communities where they live, work, and play. Right here on the South Side of Chicago, we’re building a home for this vision, a global center for change with a range of opportunities - coordinated programming, community outreach events, educational moments, and more - that invite visitors from down the block or across the globe to turn hope into action. Achieving our ambitious goals starts with an exceptional team built on our Hope to Action Values - Courage, Empathy, Integrity, Accountability, Community, Inclusivity, Pragmatism, Resilience, Imagination, and Hope. A Framework that anyone, anywhere, can use to build trust, activate participation, and expand opportunity in their community. Purpose of the Role As a key member of the Finance team, the Accounting Manager, Financial Reporting will be responsible for developing and maintaining accounting records and processes and enhancing financial reporting practices and procedures to ensure accurate and timely financial reporting in compliance with US GAAP. This position manages a variety of accounting activities including general ledger preparation and reconciliation, financial reporting, and the annual financial audit. This position also administers the ERP system, NetSuite. As the Accounting Manager, Financial Reporting, you’ll be reporting directly to the Director of Accounting & Financial Reporting.

Requirements

Bachelor’s Degree in Accounting or Finance; CPA is a plus.
Minimum of six (6) years’ experience in accounting at large not-for-profit organizations; public accounting experience auditing nonprofit organizations.
Strong working knowledge of US GAAP (including not for profit accounting and financial reporting) and internal controls required; must have excellent math skills and attention to details
Ability to work collaboratively with all departments and levels of the organization
Proven ability to manage multiple priorities without compromising quality

Nice To Haves

CPA is a plus.

Responsibilities

Manages the month-end close process to ensure the completeness, accuracy, and timeliness of recording financial transactions
Reviews monthly, quarterly, and year-end financial statements ensuring transactions are accurately recorded and financial statements are in accordance with GAAP.
Oversees account reconciliations and ensures discrepancies are investigated and resolved in a timely manner.
Accurately records pledges receivable, donations (including in-kind and stock) and release from restriction, ensuring transactions are properly reflected in the financial statements in accordance with GAAP.
Oversees the audit process and assists in the tax return preparation with the Accounting Manager, Earned Income & Tax
Evaluates business processes and accounting policies to maintain and strengthen internal controls
Supervises financial reporting accounting staff, including training and mentoring
Works closely with the Development and Program departments on grant management, compliance and reporting tasks. Provides analysis and guidance.
Takes ownership of accounting related special projects, stays up to date with GAAP and new Accounting Standards Updates
Maintains and reports on restricted cash to applicable departments, streamlines restricted cash and net asset reporting
Oversees weekly cash flow management, monthly debt compliance with financial institution and monthly revenue recognition and reconciliation
Maintains investment and endowment accounting with the assistance of the Director of Accounting and Financial Reporting
Administers the ERP Financial system (NetSuite) and related integrations
Other responsibilities as assigned by Finance leadership