ProFound Executive Search is serving as an external search partner to Preferred Behavioral Health Group in its search for its Chief Financial Officer. This position reports to the CEO at Preferred Behavioral Health Group.
About Preferred Behavioral Health Group
Preferred Behavioral Health Group is a nonprofit, community-based organization providing individualized services focused on mental health, addiction recovery, and overall wellness.
Position Summary
The CFO role for Preferred Behavioral Health Group is focused on strengthening financial operations, building long-term financial sustainability, and advancing strategic partnerships that support growth and expansion. With approximately $39M in revenue, a workforce of 440 employees, and operations spanning 70 programs across 20 locations, PBHG is a multi-county, multi-program behavioral health system serving diverse communities across New Jersey.
The CFO will bring deep controllership experience, audit fluency, and expertise with grants and billing. This individual will ensure that the executive and management teams have a clear understanding of their budgets, funders receive accurate and timely reporting, and financial operations run with discipline and precision. As a trusted partner to the CEO, this leader will operate with transparency, consistency, and integrity. They will instill confidence across the management team, and also earn the support and satisfaction of the Board. The CFO will lead a finance function that strengthens funder relationships, supports informed governance, and positions the organization for sustainable growth.
The CFO position is accountable for overseeing the financial and IT operations of the organization, including:
- The formulation of a financial and operational strategic plan,
- The development and monitoring of related performance measures, and
- The implementation and monitoring of financial systems designed to preserve and enhance the assets of PBHG and its affiliates.
Position Responsibilities
Finance and Business Strategy
- Assist in formulating PBHG’s future direction and supporting tactical initiatives
- Monitor and direct the implementation of strategic business plans
- Lead revenue cycle optimization through receivables, reimbursements, and claims management
- Manage contract strategies and negotiations
- Develop financial strategies focused on unit costs and operating margins
- Create and manage capital requests and budgeting processes
- Develop performance measures that support PBHG’s strategic direction
- Work collaboratively with the CEO, executive leadership team, and external funders
Operations
- Participate in key decisions as a member of the administrative team
- Build effective, collaborative relationships across the administrative team to support strategic alignment and operational effectiveness
- Manage the Finance Department, operating as an involved and present leader, actively engaged in day-to-day financial operations and working closely with teams, systems, and processes across the organization
- Maintain communication with and reporting to affiliate organizations
- Manage any third parties to which functions have been outsourced
- Implement operational best practices
- Lead modernization of financial systems, reporting, dashboards, and data infrastructure
- Work closely with PBHG’s audit firm to ensure timely completion of the annual audit
- In cooperation with Human Resources, oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
- Manage PBHG’s IT operations
Financial Information
- Elevate financial reporting and forecasting to ensure consistent, accurate, and actionable financial insights for leadership and the Board
- Oversee the issuance of financial information in a timely manner
- Report on financial results to the board of trustees including finance and audit sub-committees, and prepare meeting minutes for these sub-committees
Risk Management
- Understand and mitigate key elements of the organization’s risk profile
- Construct and monitor reliable control systems
- Maintain appropriate insurance coverage
- Ensure that PBHG and its affiliates comply with all legal and regulatory requirements
- Ensure that record keeping meets the requirements of Generally Accepted Accounting Principles (GAAP), auditors, regulatory agencies, and funders
- Report all financial risk issues to the audit committee of the Board of Trustees
- Maintain relations with external auditors, investigate their findings, and address recommendations
Funding
- Monitor cash balances and cash forecasts on a regular basis
- Arrange for debt and equity financing as needed
- Make recommendations to board of trustees regarding investment of funds
- Ensure that internal and external reporting deadlines are met in a timely manner
Third Party
- Maintain banking relationships
- Represent PBHG and its affiliates with investment bankers and investors
- Represent PBHG and its affiliates with all public and private funders
- Participate in trade organization and funding meetings as required
Supervisory
- Demonstrate a strong commitment to upholding and positively contributing to the organization’s culture, fostering an environment of collaboration, integrity, and shared purpose
- Supervise all financial and IT staff
- Ensure teamwork and cross training within the Finance Department
- Ensure all supervised staff meet regulatory standards for training and required credentials
Other Duties
- Perform professional responsibilities as required to ensure the proper functioning of PBHG
- Act as a strategic partner to the CEO, taking on additional responsibilities as needed to support organizational priorities and outcomes
Required Qualifications
- Master’s degree in accounting, finance, or related field and/or Certified Public Accountant.
- Minimum of 10 years of progressive leadership experience with a large nonprofit or healthcare organization.
- Experience partnering with an executive team and Board of Trustees
- Demonstrated ability to communicate effectively, conveying complex financial information clearly and accurately to varied audiences, including executive leadership, the board, internal and external stakeholders.
- Proven experience leading, managing, and developing staff and teams.
Preferred Qualifications
- Behavioral health or healthcare finance experience
- Experience with multi-site service organizations
- New Jersey medical billing knowledge
Salary range: $150,000 - $200,000
Preferred Behavioral Health Group is an Equal Opportunity Employer.
ProFound is committed to providing an inclusive and accessible candidate experience. Candidates may request accommodations by contacting ProFound at: https://www.ProFoundExecSearch.com/candidates
ProFound Executive Search is serving as an external search partner to Preferred Behavioral Health Group in its search for its Chief Financial Officer. To express interest and learn more about the role from the ProFound team, please visit: https://www.ProFoundExecSearch.com/candidates
