Chief Financial Officer

Public Health Solutions • Full-time • New York, New York State, United States • $280k / year • 1w ago

Company Overview:

Health disparities among New Yorkers are large, persistent, and increasing. Public Health Solutions (PHS) exists to change that trajectory and support New Yorkers and their 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 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 Executive Officer (CEO), the Chief Financial Officer (CFO) serves as a strategic partner to the CEO and the Executive Leadership Team. The CFO is responsible for all financial and accounting functions, performance reporting, and related compliance requirements for Public Health Solutions (PHS), ensuring adherence to financial management practices and standards appropriate for the organization and its regulatory and advisory partners.

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. The CFO will oversee the digital transformation and revitalization of operational processes through the development, implementation, and ongoing enhancement of accounting and financial management systems, including the Financial Accounting and Management Information System (FAMIS) currently underway at PHS.

Essential Functions

Serves as a strategic business partner to the CEO and Executive Leadership Team. Provides support, guidance, and advice to the Board of Directors, Finance, Audit, and Pension Committees, the CEO, and the Executive Leadership Team.
In partnership with the CEO, sets guidance for all PHS budget holders for the annual budget process. Collaborate with the Executive Leadership Team to prepare the annual corporate budget, ensuring performance, mission impact, and financial health. Prepares materials for Finance Committee and Board review and approval.
Consults with the CEO on high-level financial, business, and policy decisions that have material or organization-wide implications.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
Oversee the management of the corporate fringe benefit budget and the federal corporate wide fringe benefit rate.
Oversee the management of the corporate indirect cost rate and annual submissions for rate approval to federal oversight agencies.
Manages annual Form 990 submission and all corporate federal and state tax compliance issues.
Oversee annual audits of 403(b) and defined benefit pension plans.

Qualifications and Experience:

Extensive prior management experience in financial related, controllership or similar capacity (at least 15 years); senior level experience in a complex non-profit environment.
Business degree in accounting or finance.
Outstanding communication and presentation skills.
Demonstrated leadership ability, confidence and executive presence.
Ability to motivate staff.
Excellent analytical, reasoning and problem-solving skills.
Significant experience working with external auditors, internal controls, and compliance issues.

Reports To:

This role reports to Chief Executive Officer

Benefits:

Hybrid Work Schedule.
Generous Paid Time Off and Holidays.
An attractive and comprehensive benefits package including Medical, Dental and Vision.
Flexible Spending Accounts and Commuter Benefits.
Company Paid Life Insurance and Disability Coverage.
403(b) + employer matching and discretionary company contributions.
College Savings Plan.
Ongoing trainings and continuous opportunities for professional growth and development.

At PHS, we place immense value on diversity within our teams, understanding that varied backgrounds and experiences significantly enhance our community and propel us toward our goals. If you find you don’t have experience in all the areas listed above, we still encourage you to apply and share your background and experiences in your application. We are eager to discover how your unique perspective can bring positive transformations to our team and help advance our mission of creating healthier, more equitable communities.

We look forward to learning more about you!

PHS is proud to be an equal opportunity employer and encourages applications from women, people of color, persons with disabilities, LGBTQIA+ individuals, and veterans.

9am- 5pm
35 hours