Company Overview:
Health disparities among New Yorkers are large, persistent, and increasing. Public Health Solutions (PHS) exists to change that trajectory and support vulnerable New York City families in achieving optimal health and building pathways to reach their potential.
As the largest public health nonprofit serving New York City, we improve health outcomes and help communities thrive by providing services directly to vulnerable low-income families, supporting community-based organizations through our long-standing public-private partnerships, and bridging the gap between healthcare and community services. We focus on a wide range of public health issues including food and nutrition, health insurance, maternal and child health, sexual and reproductive health, tobacco control, and HIV/AIDS. Learn more about our work at healthsolutions.org.
Position Summary:
Reporting to the Chief Administrative Officer (CAO), and as a Partner to the Chief Executive Officer (CEO) and Executive LeadershipTeam, the Chief Financial Officer (CFO) is responsible for all financial, accounting, performance reporting and related compliance requirements of Public Health Solutions (PHS) and other regulatory and advisory organizations and in accordance with financial management techniques and practices appropriate for the PHS.
The CFO supervises, manages and directs all aspects of finance and accounting for all PHS operational departments. The CFO is responsible for establishing a culture and system of adequate controls and compliance, managing risk, and providing accurate and timely financial reporting. Additionally, CFO is responsible for financial management, compliance and reporting of all grants and awards, corporate accounts payable, corporate payroll, treasury operations, banking relations, daily cash management, independent actuary relations, pension accounting, administrative budget, and corporate-wide budget. The CFO must provide timely and accurate financial information and performance reporting to all constituents, stakeholders and PHS budget holders.
As a leader at PHS, the CFO is charged with modernizing the organization’s operational infrastructure. With support from the CAO, the CFO will oversee the digital transformation and revitalization of operational processes of PHS through the development, implementation, process re-engineering and maintenance of accounting and financial management systems, with emphasis on the Financial Accounting and Management Information system (FAMIS) currently underway at PHS.
Essential Functions
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As Chief Financial Officer, acts as strategic business partner to the Executive Leadership Team. Provides support, guidance, and advice to the Board of Directors, Finance, Audit and Pension Committees, the CEO, CAO, and the Executive Leadership Team.
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With CEO, sets guidance for all PHS budget holders for the annual budget process. Collaboratively with the Executive Leadership team, prepare annual corporate budget ensuring performance, mission impact and financial health for the Organization. Prepare for review and obtain approval of the final budget by both the Finance Committee and Board of Directors.
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Consults with PHS’ CEO and CAO on overarching, financial-related corporate level business and policy decisions that have material or widespread impact on program operations, corporate financial status, or the Finance and Accounting Department.
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Manages all strategic planning for the Finance & Accounting Department, and helps define, devise and support strategic fiscal policy and planning for PHS as a whole.
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Actively participates in pivotal decisions as they relate to PHS’ organizational strategy and operational models. Develops and advises on cost and reimbursement strategies, as well as development of the organization’s plans and programs.
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Evaluates the Finance & Accounting Department structure and team, develop and execute a plan for continual improvement of the efficiency and effectiveness of the Department. Provides individuals with professional and personal growth opportunities.
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Drives toward continual improvements of the budgeting and projections process through continued refinement of reporting, collaborative input from key budget holders and education of department managers on financial issues impacting their budgets. Interacts with and brings departments and programs into line with PHS organizational, business and financial strategy, initiatives and advises and directs as required.
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Regularly participates and advises management on the financial condition of the organization, reports performance against plan, sets and communicates guidance and policy. When necessary, takes immediate corrective actions and, where applicable, establishes acceptable criteria for any and all business decisions affecting the performance of PHS.
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Enhances and/or develops, implements and enforces policies and procedures of the organization by way of systems and business process changes that will improve the overall operation and effectiveness of PHS.
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Establishes credibility throughout the organization and with the Board as an effective problem solver; is viewed as approachable and as a mentor on financial issues. The CFO provides strategic financial input and leadership on decision-making issues affecting the organization such as, the evaluation of potential alliances, partnerships, pension fund performance and investments.
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Establishes strong systems of internal controls over financial processes in the Finance & Accounting Department and for the corporation and ensures compliance with applicable laws, rules and regulations.
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Manages the issuance of annual corporate financial statements and the annual audit thereof; prepares quarterly financial statements and presents to the Finance Committee and Board.
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Leads the Finance & Accounting team, providing timely and accurate analysis of budgets and financial reports that will assist the Board, Finance Committee, CEO and senior managers in managing their responsibilities, including reporting on performance and budget projections against plan, profit and loss, and cash flow.
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Oversees PHS cash management processes and ensures timeliness and accuracy of PHS’ cash flow reporting, the management, timeliness and control over all billing processes, vendor management and strong relationships with key PHS vendors. Supervises financial institution relations, bank accounts and insures cash availability for payrolls and other corporate obligations.
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Manages corporate cash flows, accounts receivable, and accounts payable. Develops a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet PHS operating needs, while ensuring continual improvement of the timeliness and accuracy of PHS’s cash flow and management of the billing process (A/R).
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Oversees the management of the corporate fringe benefit budget and the federal corporate wide fringe benefit rate.
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Oversees the management of the corporate indirect cost rate and annual submissions for rate approval to federal oversight agencies.
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Manages annual Form 990 submission and all corporate federal and state tax compliance issues.
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Oversees annual audits of 403(b) and defined benefit pension plans.
Requirements and Qualifications:
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Extensive prior management experience in a financial related, controllership or similar capacity (more than 15 years); senior level experience in a complex non-profit environment.
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Business degree in accounting or finance.
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Outstanding communication and presentation skills.
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Demonstrated leadership ability, confidence and executive presence.
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Ability to motivate staff.
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Excellent analytical, reasoning and problem-solving skills.
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Significant experience working with external auditors, internal controls, and compliance issues.
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Salary: $200,000 - $200,000
PHS is proud to be an equal opportunity employer and encourages applications from women, people of color, persons with disabilities, lesbian, gay, bisexual and transgender individuals, and veterans.
Monday-Friday, 9:00 am - 5:00 pm
35 hours per week
