Summary:
The Chief Financial Officer (CFO) serves as a key member of the Senior Management Team and strategic partner to the President/CEO. The CFO leads all financial operations, including budgeting, financial reporting, audit oversight, grant management, compliance, billing optimization, capital planning, and long-term financial strategy. This executive role ensures fiscal integrity, regulatory compliance, and financial sustainability across complex nonprofit funding streams.
What You’ll Do:
Financial Leadership & Strategy
- Oversee all fiscal reporting activities including revenue, expenses, balance sheets, and cash flow reporting.
- Direct preparation of annual operating and capital budgets.
- Lead financial analysis to evaluate current and future service line viability.
- Develop and maintain financial policies and accounting controls compliant with audit standards.
- Manage preparation of grant budgets and reports for internal and external stakeholders.
- Lead the annual agency audit process.
Board & Executive Engagement
- Serve as liaison to the Board Finance Committee.
- Partner with the President/CEO on strategic planning and contract negotiations.
- Develop short-, medium-, and long-term financial plans.
Revenue Cycle & Billing Oversight
- Ensure accurate billing and collection of 1st and 3rd party revenues.
- Oversee revenue recognition and reduce days sales outstanding.
- Analyze billing performance to minimize bad debt exposure.
Cash & Asset Management
- Develop cash flow plans to ensure operational liquidity.
- Monitor financial institutions holding agency assets to mitigate risk.
- Lead capital development and capital improvement projects.
- Identify and secure additional capital funding sources.
Experience & Qualifications Required:
- Bachelor’s degree in Finance or related field; CPA and/or MBA strongly preferred.
- Minimum 10 years of progressive nonprofit finance experience (CT or neighboring state).
- Minimum 3 years in a senior leadership finance role.
- Extensive experience with nonprofit accounting, fund accounting, and federal/state grant compliance.
- Experience managing Medicaid and Medicare audits.
- Strong working knowledge of FASB standards.
- Demonstrated leadership in complex, fast-paced environments.
