Director of Finance

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 The Director of Finance is responsible for maximizing the return on financial assets by establishing financial policies, procedures, controls and reporting systems. This position ensures legal and regulatory compliance for all accounting and financial reporting functions. The Director of Finance also oversees cost and general accounting, accounts receivable/collection, risk management and financial planning and analysis.  

The ideal candidate will have a strong track record of progressive career growth in a top public accounting firm, in addition to experience in finance or accounting in private industry.  In addition to a strong track record of hard skills in financial planning and analysis, strategic financial thought leadership, the successful candidate will be a creative thinker with good judgement and an entrepreneurial mindset, and a passion for supporting the company mission.  UI LABS is looking for an experienced professional interested in expanding his/her skillset with a passion for being part of a fast growing innovative organization.

Essential Duties and Responsibilities:

 ·        Provide operational and financial insight to support the business decision making process.

·        Provide leadership, mentorship, and supervision to a team of accountants and financial analysts.

·        Drive all aspects of financial planning and analysis, including annual budget, long term financial planning, variance analysis, and forecasting.  Develop and maintain complex financial models to support internal and external reporting.

·        Direct all accounting activities.  Provide accurate and timely dissemination of financial management reports including, but not limited to, internal and external monthly invoices, financial statements, and annual audits and annual budgets. 

·        Design a system of financial internal controls to ensure safeguarding of assets, efficient use of capital, and compliance with internal and external regulations

·        Establish timely and accurate financial reporting, ensuring  that accounting transactions and month-end and year-end closing requirements are effectively completed in accordance with US GAAP, all government requirements and company policies.

·        Analyze operating results to assist senior leadership with facilitating business discussions.

·        Work with operations to monitor spending and evaluate the ROI on approved projects.

·        Drive monthly performance reporting activities, including commentary on performance compared to forecasts

·        Provide accurate and timely processing of accounts payable, purchase orders, petty cash, employee expense reports, and cash control.

·        Manage employee use of approved system for travel and expense reimbursement and timekeeping.  

·        Manage Accounts Receivable/Payable, including processing of fees from project consortium member contributions, cash receipts application, quarter and year-end payroll closing including federal and state reports as well as oversee the payment of all invoices.

·        Manage external audit process, including annual audit of financials and A133 compliance.

·        Work with external auditors to prepare tax returns and maximize potential benefits related to UI LABS status as a non-profit.

  Position Requirements:

 ·        10+ years’ experience in finance and accounting required.

·        5 years in top public accounting firm preferred.

·        CPA preferred.

·        Varied career that includes public accounting, private industry and/or non-profit is highly desirable.

·        Tax and structuring experience desirable.

·        Familiarity with DCAA and DoDGARS, and government procurement and contracting procedures strongly preferred.

·        Strong oral and written communication skills

 Education: 

 Bachelors’ degree in Accounting or Finance.   MBA or other advanced degree preferred.

  +  Anti-Discrimination Policy and Commitment to Diversity

UI LABS is an equal employment opportunity employer.

We seek individuals of all ethnic and racial backgrounds to apply for this position.  We are committed to maximizing the diversity of our organization, as we want to engage all those who can contribute to this effort.

 + About UI LABS

UI LABS is a not-for-profit, independent research, training, and commercialization engine.  We solve large-scale challenges by bringing University + Industry together with startups and government to accelerate the deployment of emerging technologies through collaboration. UI LABS is a first-of-its-kind innovation accelerator, developing a portfolio of applied research and commercialization Labs that lead to a return on investment for its partners, improve local, regional and national competitiveness, and transform entire industries. Learn more at www.uilabs.org.

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Location

1415 N. Cherry Avenue, Chicago, IL 60642

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