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Financial Services Director

Financial Services Director

R&R Human Resources SolutionsChicago, IL, US
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Job Description

Job Description

The Lawyers Trust Fund of Illinois (LTF) is hiring a Financial Services Director who will support the financial integrity and operational efficiency of our organization. This position is responsible for maintaining accurate financial records, processing transactions, and ensuring compliance with applicable accounting standards and regulatory requirements. The Financial Service Director will work closely with program staff, grants team, leadership, and external partners to ensure that financial practices align with the organization’s mission, values, and donor expectations.

LTF is a charitable foundation that provides financial support to not-for-profit legal aid organizations based in Illinois. Legal aid is a vital social service that makes justice accessible for people who cannot afford to hire an attorney.

Responsibilities :

  • Maintain and reconcile the general ledger, including all journal entries and month-end closings
  • Process accounts payable and accounts receivable, including vendor payments, invoicing, and deposits and reconciliations.
  • Reconcile bank and credit card statements monthly.
  • Review cash receipts and disbursements for proper coding.
  • Track restricted and unrestricted funds, grants, and donations in accordance with fund accounting principles.
  • Review financial data in accounting software.
  • Maintain accurate and organized financial records in compliance with internal policies and external regulations.
  • Collaborate with program and development staff to ensure proper allocation of expenses and grant compliance.
  • Monitor cash flow and alert leadership to any financial concerns.

Financial Reporting and Year-End Preparation

  • Prepare monthly, quarterly, and annual financial reports for leadership and board of directors with actionable insights.
  • Support the preparation of documentation for annual audits and 990 filings.
  • Provide workpapers and documentation for year-end audit.
  • Participate in meetings with auditors and tax preparers as needed.
  • Compliance Support

  • Handle 401k administration.
  • Manage and ensure payroll tax filings are completed in coordination with payroll service provider.
  • Review preparation of Forms W-2, 1099 and 1096.
  • Provide documentation needed for annual Form 990 filing.
  • Internal Audit Support

  • Assist with internal audit processes.
  • Periodically review accounting functions.
  • Draft and review accounting memos to document processes.
  • Payroll Tax Compliance

  • Review and reconcile payroll records.
  • Review quarterly and annual payroll tax returns.
  • Budgeting Assistance

  • Support budgeting processes and provide financial data for planning
  • Assist with annual budget preparation and periodic forecasting.
  • Qualifications

  • Associate’s degree in accounting, or related field, college level coursework required.
  • At least 5 years of accounting experience, preferably in a nonprofit setting.
  • Experience with payroll tax filings.
  • Technical Proficiency :  Strong proficiency in accounting software, QuickBooks experience preferred; expertise in Microsoft Office, particularly with Excel
  • Problem-Solving :  Ability to analyze and resolve technical issues effectively.
  • Attention to Detail :  Ensuring accuracy and thoroughness in all tasks.
  • Knowledge of Accounting Practices :   Demonstrated understanding of nonprofit accounting principles, including fund accounting, internal controls, and compliance with financial reporting standards and data security requirements.
  • Salary & Benefits

    The Financial Services Director is a full-time position, with a salary range of $110,000 -$125,000 , depending on experience. LTF offers excellent benefits, including Blue Cross / Blue Shield PPO medical insurance; dental, vision, and life-insurance coverage; paid vacation and paid time off. LTF also makes an annual contribution to an employer-sponsored 401K retirement account following an initial 12-month period of employment. An LTF laptop, iPhone with paid cellular and data service will be issued, along with other equipment as necessary.

    Work Location

    The Lawyers Trust Fund maintains a physical office in downtown Chicago but is operating under a mostly hybrid work system. Candidates must live in the Chicago area and be able to commute to the office a few times a week.

    Our Commitment to Diversity & Inclusion

    At LTF, we believe that diversity and inclusion are fundamentally important objectives that make organizations more effective. In our hiring and our work, we support diversity in all its forms, encompassing but not limited to age, disability status, economic circumstance, ethnicity, gender identity, race, religion, and / or sexual orientation.

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