As a key member of the Finance team, the Senior Accountant 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 preparation and provides support for the annual budget/planning process. The Senior Accountant will report to the Director of Accounting and Administration.
The Senior Accountant 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.
Within 3 months, all new and/or discrete programs or initiatives have the proper accounting infrastructure and processes in place to support the activities.
Within 30 days of accounting software launch, 100% of staff users are trained on new accounting software.
Audit process is efficient and no material adjustments to the financial statements are required.
Form 990 and related documentation is filed accurately and adequately 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.
Accounts are reconciled monthly by the 10th 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 Senior Accountant is to achieve the outcomes listed above. In order to achieve those outcomes, we imagine that the Senior Accountant will spend their time in the following ways:
Assists with the preparation of monthly, quarterly and year-end financial statements ensuring transactions are accurately recorded and financial statements are in compliance with GAAP
Supervises the accounting coordinator
Oversees account reconciliations and ensures discrepancies are investigated and resolved in a timely manner
Works closely with the Development team to record incoming pledges and donations, ensuring they are properly reflected in the financial statements
Works closely with the Development and Program departments on grant management and reporting tasks
Participates in the software evaluation and implementation of a new accounting system, payroll software, expense reporting software and corporate card platform
Responds to inquiries from the senior staff regarding accounting and financial reporting issues
Provides accounting guidance to the organization by researching and interpreting accounting policy
Executes the proper accounting treatment for new initiatives and programs
Participates in the annual budgeting and planning process
Evaluates business processes and accounting policies to maintain and strengthen internal controls
Works closely with the Construction team to accurately record construction-related transactions
Provides training and mentoring to staff accountants
Supports the payroll function
Performs all other job duties as assigned by the finance leadership team
Strong working knowledge of US GAAP, internal controls and financial reporting, 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
Bachelor’s Degree in Accounting or Finance; CPA is a definite plus
Minimum of five (5) years’ experience in accounting at large not-for-profit organizations; public accounting experience is a definite plus
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 email us at firstname.lastname@example.org if you require a reasonable accommodation to complete this application.
About The Barack Obama Foundation
Founded in January 2014, the Obama Foundation is a living, working center for citizenship in the 21st century aimed at identifying, training, and connecting the next generation of leaders and engaged citizens. The Foundation is developing the Obama Presidential Center on the South Side of Chicago to serve as headquarters for the projects it will undertake across the city, the nation, and around the world.
As President Obama said in his farewell address, "I am asking you to believe. Not in my ability to bring about change — but in yours.” That concept is one the Obamas championed from the beginning, and it is now a cornerstone of the Obama Foundation’s efforts to support and develop the next generation of active citizens and emerging young leaders at home and around the world.
Real change—big change—takes many years, and requires each generation to believe that its participation matters and embrace the obligations and opportunities that come with the most important office in a democracy: that of Citizen. Together, we have made extraordinary progress. Because there is more to do, this work lives on in the Obama Foundation.
For more information on the Obama Foundation, please visit www.obama.org.