Sr Director Foundation Finance

Job Locations US-IL-Chicago
Posted Date 3 months ago(6/17/2021 4:26 PM)
Requisition ID
2021-15636
Category
Leadership
Position Type
Regular Full-Time
Shift
Days
FTE
1.0

Overview

The Senior Director of Foundation Finance is responsible for the coordination, leadership, and direction of the Foundation’s financial reporting, financial reconciliations (related to donor database), financial planning and budgeting, fund management and overall financial operations. This position serves as the Ann & Robert H. Lurie Children’s Hospital of Chicago Foundation liaison to the Lurie Children’s Medical Center, developing functions related to the reporting of financial data within the Foundation. The Senior Director of Foundation Finance is responsible for the annual philanthropic funds budget working closely with all business units of the Medical Center. The Senior Director supports the Chief Development Officer of the Foundation with strategic and operational financial analysis for fundraising campaigns, daily operations and strategic planning and process of Medical Center sources and uses of funds.

Responsibilities

1. Develops, implements and enforces financial policies and procedures consistent with those of Lurie Children's Hospital of Chicago Medical Center.

 

2. Develops financial reporting formats and internal financial reports for the Foundation and its affiliated organizations to assist operational owners and governing bodies.

 

3. Oversees all gift processing and cash handling to ensure timely and accurate input processing into the Raiser's Edge system and to ensure financial transparency related to system outputs (i.e. financial reports). Oversees the philanthropic gift and data processing function to facilitate appropriate fund management with Development Financial Services team reporting directly.

 

4. Support transition from Lawson/Infor Enterprise Resource Planning System to Workday.

 

5. Responsible for ensuring the monthly close process for Lurie Children’s Foundation and related philanthropic recovery entries for Affiliates is complete, comprehensive, and timely within the close schedule.

6. Oversees development of the monthly variance analysis and the preparation and distribution of the monthly financial report package and develops ad hoc reporting as needed.

 

7. Works as a liaison with the Finance department to reconcile monthly financial reports prepared from the Raiser’s Edge system to the Infor-Lawson (to be Workday beginning April 2022) General Ledger system. This includes the monitoring and reconciliation of all pledge write-offs.

 

8. Develops, maintains, and monitors foundation’s financial/budget variance analysis, including timely reporting to management.

 

9. Facilitates problem solving between teams responsible for financial operations activities, including purchasing, accounts payable and asset management.

 

10. Ensures compliance with financial policies and procedures within all gift agreements, projecting financial impact on institution.

 

11. Collaborates with General Counsel, both internal and external, to align with the legal and financial implications, to resolve questions that arise in the process of philanthropic reporting.

12. Provides daily operational owners support (i.e. interpreting donor intent and ensuring stewardship) on Medical Center philanthropy fund activity and ensuring compliance with policies and procedures.

 

13. Prepares all external audit schedules for contributions, pledges, write offs, and net assets released from restriction and additional information as requested by the external auditors and the Finance department.

 

14. Coordinates and completes all financial sections of IRS990 for Lurie Children’s Foundation. Ensures timely and accurate completion and assists Tax Manager with filing.

 

15. Serves as a resource to Foundation management on technical matters relating to financial statements by keeping up to date with Generally Accepted Accounting Principles (GAAP) and the Uniform Prudent Management Institutional Funds Act (UPMIFA).

 

STRATEGIC PLANNING, FUNDRAISING CAMPAIGN SUPPORT AND OVERSIGHT OF PHILANTRHOPIC FUNDS AND ANNUAL FUNDS BUDGET:

 

16. Oversees management of all donor-restricted, board designated, and unrestricted funds including new gifts, expenditures, and fund transfers ensuring compliance with GAAP, Hospital expenditure authorization policies, and UPMIFA

 

17. Responsible for the annual Philanthropic Funds budget process in support of the Medical Center’s strategic initiatives, including all Hospital, PFF, Surgical, Medical Group, and Anesthesia divisions and the supporting analysis.

 

18. Supports the Chief Financial Officer in the strategic planning process by developing physician recruitment sources and uses of funds tracking and monitoring.

 

19. Executes and tracks all Physician Commitments and Research Priority initiatives against philanthropic funding sources and expenditures per pro forma commitments.

 

20. Supports Chief Development Officer with strategic financial analysis including proformas to develop messaging and targets for campaign planning to align with the strategic plan of the Medical Center.

 

21. Provides Foundation Financial reports on a monthly basis to Foundation Senior Leadership Team (“SLT”) and Foundation staff and quarterly financial updates to Foundation Board of Directors and Executive Committee as needed. As a member of the Foundation SLT team, provides reporting and financial guidance and works collaboratively on strategic decisions.

 

22. Accountable for leading financial management within Foundation including capital and operating budgets, collaborating with Foundation leadership in planning and developing the budget.

 

23. Leads Foundation Long Range Financial Planning and annual budgeting processes, and coordinates their integration into the larger Children’s Hospital of Chicago Medical Center Long Range Financial Plan.

 

24. Leads and overseas the responsibilities of direct reports, conducting annual performance appraisals, developing and mentoring staff and ensuring an engaged workforce.

 

25. Performs job functions adhering to service principles with customer service focus of innovation, service excellence and teamwork to provide the highest quality care and service to patients, families, co-workers and others.

 

26. Other projects and responsibilities as assigned.

Qualifications

1. A bachelor’s degree in accounting or finance from an accredited college or university required. MBA Preferred.

 

2. 8-10 years of accounting or finance experience required; Foundation fund accounting experience required.

3. Certified Public Accountant (CPA) preferred.

4. Supervisory experience required.

5. Advanced skills in Excel, knowledge of fund accounting and general ledger systems required; knowledge of Workday preferred.

6. Advanced skills in Raiser’s Edge fundraising database preferred.

7. Working knowledge of general business functions within healthcare.

8. Strong planning skills required, evidenced by current level of responsibility and related experience.

9. Ability to take initiative by identifying problems, conceptualizing resolutions, and implementing change.

10. Ability to communicate, both orally and in writing, complex technical issues in a clear, concise manner, to individuals with little or no technical background.

11. Ability to work independently in a fast-paced, deadline-oriented team environment required.

12. Attention to detail and the ability to prioritize and execute multiple projects under demanding deadlines are essential.

13. Discretion with confidential materials required.

 

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed

Connect With Us!

Not ready to apply? Connect with us for general consideration.