Position Title: Finance Manager

Reports to: Executive Director

Position Status: Full-time and Exempt

Date Revised: 05/15/20

Organization Background and Current Status: The Renaissance Collaborative, Inc. (TRC) is a 27 year old award-winning not-for-profit supportive housing, employment and educational service agency serving the historical Bronzeville Community on Chicago’s mid-south side. TRC’s mission is to promote self-sufficiency for low and moderate income residents of Chicago that enables them to rebuild their lives by providing comprehensive services and support. TRC is dedicated to providing innovative affordable housing environments that renew people and build healthier communities. It works in partnership with other community civic, economic and social service organizations to achieve its mission. Using an asset based approach, the agency works in three distinct business areas:

·Supportive and Affordable Residential Housing: including a 101 SRO supportive housing facility, and a 71 unit independent senior housing development as the first part of a senior village, part two is intergenerational housing

·Workforce Development: including its’ own social venture initiative, Bronzeville Green, an organic garden and landscaping company, a partner in the 741 Workforce Initiative, and developing trainings in landscaping, green clean janitorial, and desk clerk/customer service

·Commercial Development e, creating sustainable jobs and developing a state of the art workforce training center.

Finance Manager- Affordable Housing/ Non Profit

The Finance Manager is the key person responsible for day to day financial operations at TRC. They will work under the direction of TRC’s Executive Director. The Finance Manager will be responsible for overseeing the accounting and reporting for TRC, Bronzeville Green, Senior Village, and Renaissance Partners. This role performs all of the accounting and financial controls, develop appropriate policies and procedures, and must have a working knowledge of affordable housing procedures. They will monitor cash transactions and prepare account reconciliations, and ensure that all transactions are prepared in a timely manner. They will make recommendations for improvements as needed in internal control processes. They will be comfortable using QuickBooks Intuit, our accounting software. They will assume additional responsibilities as requested by the Executive Director. This is a full-time position.

Responsibilities

General Ledger/Financial Reporting

· Prepare and process monthly journal entries. Produce monthly financial statements (balance sheet and income statement) for review by the Executive Director and Budget and Finance committee of the Board of Directors. This includes posting monthly journal entries such as accrual and prepayments, as well as a review of the general ledger activity and financial reports produced to ensure their accuracy.

·Ensure that monthly profit and loss statements reflect budget/actual and variance amounts. Identify and analyze significant variances and research explanations for variances. Analyze, develop, and review the annual operating budget and consult with multiple department managers. Prepare reports which summarize and forecast activity in areas of income and expenses based on past, present, and future operations.

· Oversee the weekly maintenance of the general ledger accounts. Prepare and maintain all balance sheet assets and liabilities reconciliations and reconcile all company bank accounts on a monthly basis, for review by the Executive Director

·Ensure expenditures controls are in place and being followed by the managers of profit/department centers.

·Prepare for TRC’s annual financial statement and compliance audit by ensuring that all requested audit schedules and work papers are prepared. Assist with financial statements that are requested for tax returns. Prepare miscellaneous financial reports for various funding agencies.

Banking/Treasury

·Daily monitoring of cash activity between TRC’s various cash accounts and record cash transactions appropriately.

·Manage cash flow: prepare cash flow reports and communicate projection status to management monthly.

Accounts Payable

· Ensure the internal controls and processes over invoice approvals are being followed.

· Ability to process cash disbursements and cash receipts in the event the bookkeeper is unavailable.

Payroll

·Record payroll activity to the books and records, subsequent to review by the Human Resources Manager (for proper segregation of duties and checks and balances to minimize errors and produce effective outcomes).

·In conjunction with the Operations HR manager, oversee the relationship with the payroll vendor and ensure the quality of their work.

Contracts, Grants & Contributions

· Maintain a tracking of unconditionally committed grants and contributions. This includes tracking restrictions associated with applicable grants and contributions to ensure compliance with contracts, funders, etc.

· Maintain a listing of contributions and donations in the books and records.

·Produce billing for TRC’s various contracts for review by the Executive Director.

Budgeting/Forecasting

·Take lead in the preparation of the annual budget.

·Generate financial reports for Board meetings and Finance Committee meetings.

·Expected to attend all board and finance committee meetings with the Executive Director & Human Resources Manager.

The Selection Process

Please submit a cover letter, detailing your salary requirements and your qualifications for this position, along with a resume to:

Jay Price

Executive Operations Human Resources Manager.

No phone calls or letters please.

The position is available now. Applications will be reviewed and acknowledged as they are received. Interviews will be conducted as applications are received and will continue until the position is filled. For more information, see our website athttps://www.trcwabash.org/about-us.html

The Renaissance Collaborative Inc is an Equal Opportunity and Affirmative Action Employer. We encourage applications from candidates from diverse backgrounds and cultures.

Job Type: Full-time