As a key member of the Finance team, the Accounting Manager 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, year-end audit and tax preparation. The Accounting Manager will report to the Director of Accounting and Financial Reporting.
The Accounting Manager will be responsible for achieving the following outcomes within the first year:
Accounting processes (such as invoice approval and travel expense reporting) are maximized for efficiency and accuracy for both staff users and the accounting department. Internal controls have been evaluated across the organization and all deficiencies have been addressed.
New accounting software implemented in 2019 is actively utilized by departments and appropriate staff are trained by August 31.
Audit process is efficient and no material adjustments to the financial statements are required.
Form 990 and related documentation is filed in a timely manner and accurately reflects the activities of the Foundation.
Construction accounting is maintained separately and recorded accurately. Construction in progress and fixed assets are supported and properly reported.
Revenue and pledge receivables schedules are supported and properly recorded. Accounts are reconciled monthly with Development.
Balance sheet accounts are reconciled monthly by the 8th business day.
Within six months, the structure of the financial statements reflect best practices for exempt organizations and helps ensure donors, stakeholders and third party evaluators (e.g., Charity Navigator) maintain a positive view of the Foundation’s financial statements.
The ultimate aim of the Accounting Manager is to achieve the outcomes listed above. In order to achieve those outcomes, we imagine that the Accounting Manager will spend their time in the following ways:
Prepares monthly, quarterly and year-end financial statements ensuring transactions are accurately recorded and financial statements are in accordance with GAAP
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
Supervises the accounting associate and accounting coordinator
Oversees account reconciliations and ensures discrepancies are investigated and resolved in a timely manner
Works closely with the Development and Program departments on grant management, compliance and reporting tasks
Oversees the audit process and tax return preparation
Participates in the software evaluation and implementation of a new accounting tools, such as expense reporting software and corporate card platform
Responds to inquiries from the senior staff regarding accounting and financial reporting issues
Provides accounting and tax guidance to the organization by researching and interpreting accounting policy and tax law
Executes the proper accounting treatment for new initiatives and programs
Evaluates business processes and accounting policies to maintain and strengthen internal controls
Works closely with the Construction team to accurately record construction-related transactions and ensure monthly reconciliation with construction software
Provides training and mentoring to accounting team
Supports the payroll process, including taxes and compliance
Performs all other job duties as assigned by the finance leadership team
Bachelor’s Degree in Accounting or Finance; CPA is a definite plus
Minimum of eight (8) years’ experience in accounting at large not-for-profit organizations; public accounting experience is a definite plus
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
Exceptional communication skills, written and verbal
Track record of communicating effectively with financial and non-financial (e.g., department heads) audiences
Ability to work collaboratively with all departments and levels of the organization
Proven ability to manage multiple priorities without compromising quality
Uses time, energy and resources in an effective and efficient way to consistently meet deadlines and achieve established goals
Committed to our mission of inspiring, empowering, and connecting people to change their world
Equal Opportunity Employer
The Foundation is committed to creating a diverse work environment and is proud to be an equal opportunity employer. The Foundation does not discriminate on the basis of race, color, national origin, sex, gender identity, religion, sexual orientation, age, disability, parental status, veteran status, or any other protected status under applicable laws. We encourage individuals of all backgrounds to apply. If you are a qualified candidate with a disability, please e-mail us at email@example.com if you require a reasonable accommodation to complete this application.
Employer will assist with relocation costs.
About Obama Foundation
At the Obama Foundation, we are guided by a core belief: that ordinary people working together can change history. Our mission is to inspire those people to take action, empower them to change their world for the better, and connect them so they can achieve more together than they can alone.
We were founded by community organizers, so when we seek change, we do it by bringing people together.
That approach begins at home, on the South Side of Chicago, where we are building the Obama Presidential Center. The Center represents a historic opportunity for Chicago: a chance to build a world-class museum and public gathering space that celebrates our nation’s first African American President and First Lady, steps away from where he began his career, where she was raised, and where—together—they made their home.
But that approach extends to all our work, whether its holding leadership training sessions in communities throughout the U.S., bringing local leaders together in countries around the world, working to support the global education of girls, or ensuring young men of color have pathways to opportunity.
As President Obama has said, “we cannot solve the challenges of our... time unless we solve them together.” So join us.
For more information, please visit www.obama.org.