We are searching for an innovative & dynamic CFO to help us achieve a new level growth.
About Signal Centers:
Signal Centers, Inc. is a nonprofit 501c-3 that has been an integral part of the Chattanooga community since 1957. Helping those with disabilities and other challenges strive to reach lifelong independence, Signal Centers’ services include giving children the best possible start through high-quality early childhood education and developmental therapies; supporting adults to facilitate independent living and employment; helping individuals of all ages use technology to overcome obstacles; supporting parents; and training early childhood educators. We now have a statewide presence, and all programs support lifelong learning and independence.
About the Role
The Chief Financial Officer, working closely with the CEO, will serve as the person that manages all financial operations of the organization, to include the development of financial strategies, ensuring the safety of all organizational assets and ensuring that appropriate strategies are in place to ensure fulfillment of organizational objectives, and oversee all financial accounting, processes, reporting, internal controls, revenue cycle, and accounting functions. The CFO is responsible for directing the fiscal functions of the organization in accordance with (GAAP) generally accepted accounting principles issued by the Financial Accounting Standards Board, and other regulatory and advisory organizations and in accordance with financial management techniques and practices appropriate within the industry. This person will collaborate with the CEO, the Executive Leadership team and the Board to build a strong internal structure to meet the agency’s needs.
Responsibilities Include:
- Oversees all financial activity including accounting, budgeting, cash flow management and fund management, including aligning financial plans with strategies and business objectives, supporting the development of targeted financial goals, developing spending schedules and tracking expenditures.
- Develops and utilizes forward-looking, predictive models and activity based financial analyses to provide insight into the organization's operations and business plans.
- Maintains financial management policies, procedures and controls; investigates and recommends purchase of financial management system software; develops and maintains standardized budgets and financials reporting.
- Prepares financial statements, including comparisons to budget, project accounting, cash flow statements and fund analysis, analyzes and reports on financial results; oversees month-end and year-end closing; maintains effective internal controls to assure safeguarding of assets and reliability of financial statements.
- Ensures legal and regulatory compliance with all financial and contractual reporting requirements for private or public funding and licensing agencies.
- Coordinates financial relationship with fiscal sponsors including management of financials and other grant tracking and reporting to be done in coordination with organizational management.
- Remains up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations.
- Monitors that regular financial and statistical analysis of agency financial operations are provided to the CEO, Board of Directors, and Executive Leadership Team in formats appropriate to each audience, including monthly budget-to-actual reports and other program productivity reports.
- Ensures timeliness, accuracy and usefulness of financial and management reporting for federal and state funders, foundations, and board of directors.
- Supervises the accounting team by providing coaching, career development, recognition and retention of staff. Ensures that the responsibilities, authorities, and accountabilities of all direct subordinates are defined and understood. Manages functions within such systems as needed for adequate segregation of duties.
- Contributes to policy development as a member of the executive leadership team.
- Leads the Finance Committee of the Board of Trustees to develop short, medium, and long term financial plans and projections.
- Provide ongoing supervision of the Accounting Department to include A/P, A/R, purchasing, payroll, client billing, insurance billing, contract reporting and invoicing, and accounting activities; supervise and manage staff and ensure that the department operates in an efficient manner that is in coordination with the needs of the organization.
- Develop and implement policies and procedures for all organizational financial operations that ensure full compliance with generally accepted accounting procedures, legal and regulatory requirements and local/state/federal contractual requirements.
- Provide interface with the Board of Trustees with respect to organizational financial issues; to include attending committee and board meetings and developing and providing monthly financial reports and statistical analysis in a format that is appropriate to the needs of the board.
- Develop and maintain effective communication and relationships with local, state and federal contract authorities and other outside entities as appropriate to organizational goals, objectives and overall operations.
- Provide organizational leadership in the oversight of departmental and organization-wide budgets and budget revisions, working collaboratively with management staff to develop, monitor and review adherence to the budget and provide comprehensive reports and analysis.
- Oversee corporate tax filings and reports and ensure the timely submission of all filings to state and federal tax officials; ensure that required tax reports are submitted to city, parish, state and federal officials as requested/required. This includes the 5500 and 990.
- Maintain banking relationships and under the direction of the board of directors and the CEO, arrange for any required debt or lease financing.
- Evaluate investment opportunities and coordinate investment decisions with the CEO and board of directors.
- Oversee financial audits and participate in programmatic audits as required and work in coordination with the board committee to ensure that all oversight obligations are fully achieved.
Qualifications
- Must possess a minimum of a Bachelor’s Degree in Accounting, Finance, or a related field. An MBA and/or CPA designation is highly recommended.
- At least seven years' experience in the field of Non-profit Accounting and finance management with increasing levels of responsibility, and a superb reputation among peers and co-workers for quality work, leadership and successful outcomes.
- At least two years managerial experience that includes budgeting, management and staff development.
- Knowledge of grant contracts, language and negotiation.
- Deep understanding of Medicare and Medicaid payment policies, revenue cycle processes and contracts.
- Exceptional oral and written communication skills.
- Exceptional interpersonal and team building skills which includes building strong internal relationships as well as external ones.
- Strong computer skills including Microsoft Office and Excel applications. MIP Fund Accounting & UKG Ready experience preferred.
- Must be a strategic thinker and advisor who can quickly assess the existing financial environment, identify opportunities for growth and create and implement plans for improvement & sustainability.
- Must be committed to the mission, vision and values of the agency and will adhere to a high standard of ethics.
- Physical exam including TB skin test/chest x-ray required prior to beginning work.
Required Skills
- Strong leadership and management skills.
- Ability to analyze financial data and develop financial strategies.
- Excellent communication and interpersonal skills.
- Proficiency in financial management software.
- Experience in nonprofit financial management.
- Familiarity with grant management and compliance.
- Advanced knowledge of financial regulations and standards.
Signal Centers is an equal opportunity employer and seeks to affirm the dignity and worth of every person. It is, therefore, the policy of the organization to practice and ensure the fair and equitable treatment of all employees with respect to race, religion, ethnicity, national origin, age, gender, sexual orientation or ability and promote the full realization of this policy through all employment practices.
