Join Our Team

At the Trust, we believe it is our privilege to work on behalf of the Chicago region and the people who call it home. Our guiding light is service to our community, our donors, and our nonprofit partners – and we aim to be better and do better with every step we take.

Director of Investment Accounting (Hybrid)

  • Job Tracking ID: 512298-821600
  • Job Location: Chicago, IL
  • Level of Education: Any
  • Job Type: Full-Time/Regular
  • Date Updated: June 10, 2022
  • Starting Date: ASAP
  • Application Deadline: Until filled

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Job Description:

Supports the organizational mission of reducing the racial wealth gap by enhancing financial operations of The Chicago Community Trust, The Chicago Community Foundation, and the Trust’s supporting organizations and affiliates. They should be passionate about and have a proven track record of driving optimization and process improvement. Successful candidate will be a results-driven leader, who is motivated by the mission of the Finance department, as well as establishing and managing best-in-class processes and teams.

The Director of Investment Accounting will be primarily responsible for managing daily, monthly, quarterly, and annual investment data via our investment aggregator(s) and leading investment accounting processes for The Chicago Community Trust and Affiliates. This includes coordinating with investment aggregator(s) on new accounts, closing accounts, and account conversions as well as maintaining and completing the investments accounting and reconciliations in accordance with US GAAP. This position will manage 2-3 staff members and intern(s). Critical skill sets are ability to coordinate and drive forward processes for multiple team members in and outside of direct reports while overseeing the effective use of investment technologies and tools. They will possess proactive hands-on leadership with a focus on streamlining and best practices.

This is a hybrid position, offering a flexible working arrangement both in and out of the Loop office.

Position Responsibilities:

  • Manage the accounting for investments of The Chicago Community Trust and Affiliates. This includes a diverse portfolio of asset types such as equities, fixed income, and alternative assets held in a variety of funds including donor advised, endowed, agency, and designated. Tasks include:
    • Supervise and coordinate data aggregator(s)’ activation, classification, and tracking of investment accounts. Manage response time and act as decision maker on questions as they surface. Supervise routine data verification and determine how to properly modify information when issues arise.
    • Leverage process and SOPs to drive forward cyclical work.
    • Close the assigned entities’ modules monthly.
    • Complete and coordinate month end reconciliations for the various Individually Managed and Pooled accounts managed by The Trust culminating in issuance of donor statements.
  • Convert and standardize investment accounting processes for The Trust and Foundation.
  • Lead annual audit and 990 filings for all investment related inputs such as Purchases and Sales analysis, investment payout, and endowment roll forward as examples.
  • Calculate annual spending allocation for endowed funds and provide ad hoc estimates as needed.
  • Oversee the processing of administrative fees assessed to funds.
  • Oversee the transfer of funds to cover grant payments.
  • Prepare cash status report and aid in cashflow forecasting to inform short-term investing.
  • Assist in the fund assignment and fund closure process.
  • Participate in departmental strategic projects such as leading system update releases, enhancing or creating workflows as needed, supporting ongoing automation, streamlining Trust and Foundation entity investment accounting, and assisting with planned ERP replacement.
  • Serve on various internal and interdepartmental committees as needed.
  • Other duties as assigned.

Experience and Skills:

Position Qualifications:

  • Bachelor’s or master’s degree in accounting or equivalent experience. Previous experience with investment accounting beneficial.
  • Minimum of 10 years of relevant work experience including supervisory experience.
  • Significant (at least 5 years) of managing a team and developing direct reports
  • Advanced Microsoft office skills.
  • Excellent organization and communication skills.
  • Accuracy and attention to detail.
  • Familiarity and comfort with overseeing the breadth of investment finance functions, including accounting, audit, tax, and reporting.
  • Strong interpersonal skills to manage relationships with outside vendors, and interfaces within department.
  • A proactive and passionate interest in streamlining processes.
  • Highly organized with a proven ability to develop project plans, provide regular updates to management, and adjust project direction as needed
  • Self-motivated and directed with an ability to motivate others.
  • Ability to handle confidential information with integrity and intellectual and ethical capability.


Equal Opportunity Employer

The Trust is committed to creating a diverse work environment and is proud to be an equal opportunity employer. The Trust 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 e-mail us at if you require a reasonable accommodation to complete this application.


Diversity, Equity, and Inclusion are fundamental to achieving our impact

The Chicago Community Trust’s vision is a Chicago region where equity, opportunity, and prosperity abound. We acknowledge the specific role discrimination and systemic barriers based on race, ethnicity, and other varied identities and differences have played in limiting opportunities for too many. A commitment to Diversity, Equity, and Inclusion is at the core of who we are, the decisions we make, and the actions we take in our work to strengthen the communities we serve and advance our strategic focus to close the racial and ethnic wealth gap. Click here to learn more about our strategic plan.


The History of The Chicago Community Trust

The Chicago Community Trust was founded in 1915 by Norman and Albert Harris, father and son duo of the Harris Trust and Savings Bank (now BMO Harris Bank). The Trust was the fourth community foundation ever created. There are now 750 community foundations in Canada and the U.S.

As our region’s community foundation, the Trust unites generous donors, committed nonprofits and caring residents to effect lasting change that moves our entire region forward. Our approach centers on tackling the region’s immediate needs and addressing the root causes of deep-seated issues to realize a more prosperous future for all who call metropolitan Chicago home.

For more than 100 years, donors have entrusted their philanthropic resources and visions to our stewardship. Guided by our deep knowledge of the community, we fund, lead, convene and collaborate to address the greatest and most critical needs facing the Chicago region. From the $22 million raised to help with unemployment relief in the Great Depression to spearheading an effort to help people keep their homes during the foreclosure crisis of the Great Recession to $35 million raised for the Chicago Community COVID-19 Response Fund, which supported nonprofits serving our most vulnerable neighbors, Chicagoans have put their trust in us.

In 2019, we announced we would focus our discretionary spending over the next decade on working to close Chicago’s growing racial and ethnic wealth gap. The Trust envisions a Chicago region that’s stronger and more prosperous because everyone—regardless of race, ethnicity, or zip code—has equitable access to the opportunities and resources they need to succeed and live a fulfilling life.

With assets of more than $3.7 billion, the Trust, in partnership with its donors, distributes more than $600 million in grants each year. The Trust Team seeks to match the passion and commitment of donors, grant recipients, residents, and community leaders that continue to work tirelessly to make the Chicago region one where all have the opportunity to realize their dreams.

Our Culture

Equity is core to who we are, the decisions we make, and the actions we take. We strive every day to foster an environment that ensures the inclusion of diverse perspectives and ideas. As the Chicago region’s community foundation, we believe that it’s important that we reflect and serve the breadth and diversity of our community as we work to achieve our mission of a thriving, equitable, and connected Chicago region.

Working at the Trust

Our Well-Being

Compensation Philosophy: The Chicago Community Trust is committed to providing a fair, consistent, and competitive staff compensation program that will attract, develop, and retain high-performing employees at all levels. The Trust’s program is designed to encourage and reward employees for leveraging their skills, abilities, and performance toward the attainment of individual, team, and organizational goals. 

Benefits: The Trust offers a competitive benefits package: including medical, dental, vision, short- and long-term disability, retirement planning, and employer paid Life and AD&D. The Trust also offers sick, vacation, personal days and paid holidays, as well as several types of paid and unpaid leaves (including paid parental leave) for our team members. 

Our Investment in Ourselves

Professional Development: Our success is a result of our people. We believe in fostering a culture of continuous learning to help colleagues be successful in their current role and future opportunities.

Wellness Program: We believe in a healthy life/work balance and offer a hybrid work model of 3 days in-office/2 days remote, a fitness center located on our floor, and 24-hour access to employee assistance (EAP) counselors for you and any member of your family. 

Commitment to DEI

Diversity, Equity, and Inclusion is at the core of who we are, the decisions we make, and the actions we take in our work to strengthen the communities we serve and advance our strategic focus to close the racial and ethnic wealth gap.

Diversity, Equity, Inclusion

Our Strategic Plan

The Trust brings together generous donors, committed organizations, and caring residents to effect lasting change that makes our region better for all. We’ve made a 10-year commitment to closing Chicago’s racial and ethnic wealth gap.

Our Work