Chicago Yachad
Description
Who We Are:
The Orthodox Union (OU) is the largest Orthodox Jewish organization in the United States. Founded in 1898, the OU supports a network of synagogues, youth programs, Jewish and Religious Zionist advocacy programs, programs for the disabled, localized religious study programs, and international units. The OU maintains a kosher certification service, whose circled U symbol, Ⓤ, is found on the labels of over 100,000,000 kosher commercial and consumer food products.
Position Summary: The Orthodox Union’s Accounting department’s mission is to deliver timely, accurate, and transparent financial information that empowers leadership to make informed decisions. The department serves as a trusted steward of the organization’s resources, providing timely financial insights that support informed decision‑making, operational efficiency, and the responsible use of funds in pursuit of the organization’s mission.
The Director of Financial Operations provides strategic leadership and oversight for the organization’s day‑to‑day financial transactions and operational accounting functions. This role ensures the accuracy, timeliness, and integrity of financial processes, with a particular focus on accounts receivable, accounts payable, billing, collections, and payroll. The Director will lead a team of finance professionals, streamline processes for efficiency and compliance, and partner with senior accounting leadership to support the organization’s financial goals.
Typical Duties and Responsibilities: Leadership & Management
Lead and develop the Financial Operations team, fostering a culture of accountability, accuracy, and continuous improvement.
Establish and maintain effective internal controls and standard operating procedures to ensure compliance with the organization’s policies, GAAP, and regulatory requirements.
Collaborate with senior leadership throughout the organization, auditors, and other departments to support organizational priorities.
Accounts Receivable & Billing
Oversee the billing operations to ensure invoices are accurate, timely, and compliant with customer terms.
Manage the accounts receivable process, including customer account reconciliations and timely posting of receipts.
Develop and monitor metrics to improve billing and collection efficiency.
Collections
Direct collection efforts to minimize aging receivables and maintain healthy cash flow.
Establish escalation protocols for delinquent accounts and coordinate with OU Kosher to resolve payment disputes.
Work closely with OU Kosher to ensure collection procedures are implemented and operating effectively.
Accounts Payable
Oversee all disbursements, ensuring accuracy, proper approvals, and adherence to company policies.
Monitor the disbursements process to ensure timely payments while maintaining positive vendor relationships.
Ensure compliance with IRS, tax reporting, and 1099 requirements.
Credit Card Administration
Oversee the Organization’s credit card administration, including issuance, payment processing, and transaction monitoring to ensure compliance with internal policies and promote responsible use of organizational resources.
Payroll
Supervise payroll processing to ensure timely, accurate, and compliant pay for all employees.
Coordinate with HR to maintain accurate employee data and benefit deductions.
Oversee quarterly and annual payroll tax filings and reporting.
Process Improvement & Systems Oversight
Evaluate and implement financial systems and automation tools to enhance efficiency.
Identify process gaps and lead continuous improvement initiatives.
Develop and analyze key performance indicators (KPIs) for financial operations.
In addition to the primary responsibilities mentioned above, the candidate will work with accounting leadership in other ad‑hoc related projects and analyses as they arise and assist departmental management in the on‑going execution of a function charged with providing reasonable assurances.
Qualification Requirements:
Bachelor’s degree in accounting, Finance, or related field required, CPA, MBA, or equivalent preferred.
Minimum 8–10 years of progressively responsible accounting or financial operations experience, including 5 years in a leadership role.
Strong knowledge of GAAP and financial compliance standards.
Demonstrated experience managing AR, AP, billing, collections, and payroll functions.
Proficiency with accounting and ERP systems, ideally NetSuite.
Computer‑savvy with proficiency using MS Office suite products and comfort in learning various in‑house programs.
Competencies
Strategic and operational mindset
Attention to detail with a commitment to accuracy
Strong leadership and team development skills
Effective communication and collaboration across departments
Ability to manage multiple priorities and deadlines
Salary and Benefits: The salary range for this position is between $175,000 and $200,000, commensurate with experience.
Health, Dental & Vision Insurance: The OU offers health insurance through an Individual Coverage Health Reimbursement Arrangement (ICHRA). Instead of a single group plan, employees have the freedom to choose their own health insurance plan that fits their personal and family needs. The OU contributes a generous monthly amount directly toward your premium, making coverage more flexible, affordable, and tailored to you.
Employees enrolled in our health plan also receive an annual BeniComp stipend, a supplemental benefit that reimburses eligible medical, pharmaceutical, dental, and vision expenses.
In addition, the OU offers employees group dental and vision insurance through MetLife.
Additional Benefits and Perks:
10 paid sick days
10‑15 paid vacation days
Paid Jewish and Federal holidays
Short Fridays to accommodate for Sabbath observance
Free life and disability insurance
Discounted continuing education opportunities
403(b) retirement plan with a 5% employer match after 3 years (requires a minimum 2% employee contribution)
#J-18808-Ljbffr
The Orthodox Union (OU) is the largest Orthodox Jewish organization in the United States. Founded in 1898, the OU supports a network of synagogues, youth programs, Jewish and Religious Zionist advocacy programs, programs for the disabled, localized religious study programs, and international units. The OU maintains a kosher certification service, whose circled U symbol, Ⓤ, is found on the labels of over 100,000,000 kosher commercial and consumer food products.
Position Summary: The Orthodox Union’s Accounting department’s mission is to deliver timely, accurate, and transparent financial information that empowers leadership to make informed decisions. The department serves as a trusted steward of the organization’s resources, providing timely financial insights that support informed decision‑making, operational efficiency, and the responsible use of funds in pursuit of the organization’s mission.
The Director of Financial Operations provides strategic leadership and oversight for the organization’s day‑to‑day financial transactions and operational accounting functions. This role ensures the accuracy, timeliness, and integrity of financial processes, with a particular focus on accounts receivable, accounts payable, billing, collections, and payroll. The Director will lead a team of finance professionals, streamline processes for efficiency and compliance, and partner with senior accounting leadership to support the organization’s financial goals.
Typical Duties and Responsibilities: Leadership & Management
Lead and develop the Financial Operations team, fostering a culture of accountability, accuracy, and continuous improvement.
Establish and maintain effective internal controls and standard operating procedures to ensure compliance with the organization’s policies, GAAP, and regulatory requirements.
Collaborate with senior leadership throughout the organization, auditors, and other departments to support organizational priorities.
Accounts Receivable & Billing
Oversee the billing operations to ensure invoices are accurate, timely, and compliant with customer terms.
Manage the accounts receivable process, including customer account reconciliations and timely posting of receipts.
Develop and monitor metrics to improve billing and collection efficiency.
Collections
Direct collection efforts to minimize aging receivables and maintain healthy cash flow.
Establish escalation protocols for delinquent accounts and coordinate with OU Kosher to resolve payment disputes.
Work closely with OU Kosher to ensure collection procedures are implemented and operating effectively.
Accounts Payable
Oversee all disbursements, ensuring accuracy, proper approvals, and adherence to company policies.
Monitor the disbursements process to ensure timely payments while maintaining positive vendor relationships.
Ensure compliance with IRS, tax reporting, and 1099 requirements.
Credit Card Administration
Oversee the Organization’s credit card administration, including issuance, payment processing, and transaction monitoring to ensure compliance with internal policies and promote responsible use of organizational resources.
Payroll
Supervise payroll processing to ensure timely, accurate, and compliant pay for all employees.
Coordinate with HR to maintain accurate employee data and benefit deductions.
Oversee quarterly and annual payroll tax filings and reporting.
Process Improvement & Systems Oversight
Evaluate and implement financial systems and automation tools to enhance efficiency.
Identify process gaps and lead continuous improvement initiatives.
Develop and analyze key performance indicators (KPIs) for financial operations.
In addition to the primary responsibilities mentioned above, the candidate will work with accounting leadership in other ad‑hoc related projects and analyses as they arise and assist departmental management in the on‑going execution of a function charged with providing reasonable assurances.
Qualification Requirements:
Bachelor’s degree in accounting, Finance, or related field required, CPA, MBA, or equivalent preferred.
Minimum 8–10 years of progressively responsible accounting or financial operations experience, including 5 years in a leadership role.
Strong knowledge of GAAP and financial compliance standards.
Demonstrated experience managing AR, AP, billing, collections, and payroll functions.
Proficiency with accounting and ERP systems, ideally NetSuite.
Computer‑savvy with proficiency using MS Office suite products and comfort in learning various in‑house programs.
Competencies
Strategic and operational mindset
Attention to detail with a commitment to accuracy
Strong leadership and team development skills
Effective communication and collaboration across departments
Ability to manage multiple priorities and deadlines
Salary and Benefits: The salary range for this position is between $175,000 and $200,000, commensurate with experience.
Health, Dental & Vision Insurance: The OU offers health insurance through an Individual Coverage Health Reimbursement Arrangement (ICHRA). Instead of a single group plan, employees have the freedom to choose their own health insurance plan that fits their personal and family needs. The OU contributes a generous monthly amount directly toward your premium, making coverage more flexible, affordable, and tailored to you.
Employees enrolled in our health plan also receive an annual BeniComp stipend, a supplemental benefit that reimburses eligible medical, pharmaceutical, dental, and vision expenses.
In addition, the OU offers employees group dental and vision insurance through MetLife.
Additional Benefits and Perks:
10 paid sick days
10‑15 paid vacation days
Paid Jewish and Federal holidays
Short Fridays to accommodate for Sabbath observance
Free life and disability insurance
Discounted continuing education opportunities
403(b) retirement plan with a 5% employer match after 3 years (requires a minimum 2% employee contribution)
#J-18808-Ljbffr