Chief Financial Officer

ALPHA KAPPA ALPHA SORORITY, INC.•Chicago, IL

2d•$120,000 - $170,000

About The Position

The Chief Financial Officer (CFO) will work directly with the Treasurer and Board of Directors/Directorate, reporting to the International President/CEO with a dotted line to the Executive Director. The CFO is responsible for the overall leadership, management, and daily operations of the finance office, providing financial and administrative support to the Directorate, corporate staff, and members. This role ensures compliance with laws, regulations, policies, and procedures, with a focus on performance outcomes, problem-solving, and strong communication. Maintaining the organization's financial health and integrity is paramount. The CFO will lead the corporate finance team, linking organizational strategies and developing finance initiatives to drive business strategies and deliver measurable results. This includes talent selection, development, assessment, and reward strategies for the finance staff, emphasizing effective delegation, results orientation, and employee coaching. The CFO will also interact with external partners and vendors for sourcing quotes and negotiations.

Requirements

Bachelor’s degree in finance or economics, accounting, business or business administration, mathematics or equivalent combination of education and experience required
8+ years of progressive management and/or leadership experience in positions involving financial management, contract negotiations, document and proposal writing, and long-range planning.
Experience using MIP fund accounting software.
May be an active member of Alpha Kappa Alpha Sorority, Incorporated. Must be in good standing.
Thorough knowledge of the sorority’s structure and its governing documents with attendance at regional conferences and/or international meetings within the last 5 years if a member.
Strong leader who can act as a change agent.
Champion for the organization.
Strong communication and interpersonal skills.
Ability to handle stressful situations in a tactful and diplomatic manner.

Nice To Haves

CPA, MBA; MPA, Law, or master’s in finance with business experience or other related professional fields.

Responsibilities

Collaborates with the Executive Director and the International Finance Committee to prepare a comprehensive budget and secure adequate funding for the operations of the organization.
Ensures development and maintenance of all financial records of Alpha Kappa Alpha Sorority, Inc. in a manner that is consistent with generally accepted accounting principles.
Provides the President/CEO, Executive Director, and the Board of Directors/Directorate with reliable and timely information on the fiscal conditions of Alpha Kappa Alpha Sorority, Inc., to include monthly financial reports.
Apprises the Treasurer of the organization’s fund balances and expenditures. Provides budget data to the Finance Committee.
Ensures sufficient internal cash controls are in place and enforced.
Receives and accounts for all funds; makes financial statements available for each meeting of the Board of Directors/Directorate and Finance committee.
Ensures that the organization complies with all legislation covering taxation and withholding payments.
Serves as finance manager of all annual conferences and International Founder’s Day and works with the hostess chapters and all other appropriate persons to assure the management of the financial resources for successful delivery with appropriate conference managers.
Keeps abreast of policy and procedures effecting Alpha Kappa Alpha Sorority Incorporated and regularly notifies appropriate parties, President/CEO, International Finance Committee and Board of Directors/Directorate of changes.
Works with staff to implement all aspects of the International Programs as directed by the President/CEO.
Monitors the annual budget and manages operations to meet the approved budget.
Functions as the custodian with the Executive Director of all the permanent financial records of the organization.
Administers the funds of the organization according to the approved budget and monitor the monthly cash flow of the organization.
Prepares the financial statements with approval of the Directorate to the membership on a yearly basis and to the Boule.
Receives and reviews contracts and recommends approval in liaison with the Executive Director and legal authority.
Participates in fund raising events when deemed appropriate.
Establishes a performance and results oriented culture through the clear communication and cascade of goals and objectives for staff members and aligned with the strategy set by the President/CEO, Executive Director and Directorate.
Evaluates and develops skills within the finance organization.
Determines staffing requirements with the Director of Human Resources Director for organizational management and program delivery.
Collaborates with the Director of Human Resources to implement human resources policies, procedures, and practices relative to managing the finance team.