Department: Administration
Supervisor: Chief Executive Officer
Comp: $135-145K
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About the Organization
This organization is an established, mission-driven nonprofit that is entering an exciting period of growth, modernization, and strategic transformation. With a long history of serving its community and a strong reputation for delivering impactful, people-centered services, the organization is now expanding programs, strengthening operations, and investing in long-term sustainability.
This is an opportunity for a strategic, forward-thinking finance leader to join a dynamic executive team that values collaboration, innovation, integrity, and operational excellence. The CFO will play a
pivotal role in shaping the organization’s future, strengthening financial infrastructure, and ensuring resources are aligned with a mission that genuinely changes lives.
If you’re passionate about purpose-driven work and want to leave a legacy that blends financial stewardship with community impact, this role offers the platform to do exactly that.
Summary
The Chief Financial Officer (CFO) is responsible for all aspects of the financial operations for the agency. Reporting directly to the Chief Executive Officer (CEO), the CFO provides accounting, budgetary, operational and programmatic support to all agency programs and activities. The CFO directly oversees and supervises the financial/accounting and billing staff and other departments as directed by the CEO. The CFO is the primary agency contact for all contractual matters, proposals for new or extended programs and new business development. The CFO serves as an active member of the Executive Management Team helping to develop and implement the agency’s vision and mission.
Essential Duties And Responsibilities
- Actively manage the day to day accounting and financial operations of the agency.
- Develop budgets for the agency as a whole, individual programs and new/proposed/expanded services, including the preparation of budget revisions as needed.
- Prepare, analyze and present monthly financial reports for the agency, its programs and activities.
- Report on financial results and issues to the CEO and Board of Directors.
- Oversee and review the preparation of all program financial reporting required for funding sources.
- Manage the Billing, Accounts Receivable and Accounts Payables functions/staffs and the integration of billing information from the Electronic Health Record system into the accounting system.
- Oversee the agency’s banking activities and actively manage cash flow to ensure it meets agency needs.
- Manage the negotiation and execution of agency contracts with funding sources, vendors and collaborative service providers.
- Manage accounting control systems and internal audits ensuring the accurate and timely production of accounting information and financial reports.
- Monitor changes in legal, regulatory and administrative environments and implement changes in procedures needed to maintain compliance while maximizing operational and financial results.
- Manage the agency’s liability insurance program, including ongoing risk analysis.
- Review efficiency/effectiveness of employee benefit programs, seeking approaches to lower costs where possible and consistent with required quality levels.
- Serve as the agency’s primary liaison with its independent Auditor to ensure the annual audit is completed smoothly and in a timely manner.
- Supervise the associate Director of Finance, the Sr. Accountant and the Director of Billing.
Knowledge Of
Required Knowledge, Skills, Abilities and Other Characteristics:
- General accounting and financial reporting procedures in accordance with the State of Connecticut OPM Cost Standards, GAAP, and OMB Circulars A-133 and A-122.
- State of Connecticut contract/grant budgeting/reporting procedures and requirements.
- Human Resources related laws, regulations and practices.
- Payroll reporting and processing of payroll taxes.
- Employee benefits, including the management of health care and retirement plans.
- Current Health Care sector environment and trends.
- Electronic Healthcare Record system.
- General office software, particularly master level proficiency in Excel, and accounting software packages.
Ability To
- Manage and oversee all aspects of the financial/accounting management function.
- Create, analyze and report on financial statements and budgets.
- Supervise staff, develop job descriptions and provide performance evaluations and improvement plans.
- Analyze and solve problems effectively and efficiently.
- Communicate effectively both verbally and in writing.
- Manage priorities effectively to meet deadlines and demonstrate multi-tasking skills.
- Assimilate new information and technology.
- Foster and cultivate business opportunities and partnerships.
Education And Experience
- Undergraduate degree in finance or business field from an accredited college or university; with Master’s degree preferred.
- Five to seven years of senior management experience with organization with operations in excess of $5 million per year and over 100 employees in the health care sector, preferably with a non-profit agency.
- Managerial experience with non-profit social service and/or health care agency providing services under contract with the State of Connecticut is strongly preferred.
- Certified Public Accountant designation a plus.
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