Chief Financial Officer

3 days ago

Boston, United States Massachusetts General Hospital Full time

North End Community Health Committee, Inc. (d.b.a. NEW Health) was founded in 1971 as one of the first Federal Community Health Centers, FQHCs in the country, under the federal health center program (Section 330 of the Public Health Service Act). NEW Health is a non-profit 501 (c)(3) organization that provides ambulatory primary care, behavioral health, dental, vision and podiatry services, and other enabling and support services to patients primarily living in the North End and Charlestown neighborhood of Boston. NEW Health is an affiliate of Massachusetts General Hospital, MGH and Boston Medical Center, BMC.

The Chief Financial Officer (CFO) provides executive leadership and oversight for all financial operations of North End Community Health Center, Inc. (d.b.a. NEW Health). The CFO will leverage their expertise in accounting, finance, and strategic planning, ensuring fiscal responsibility, regulatory compliance, and alignment with organizational goals.

Reporting to the CEO, the CFO will develop financial systems to maintain effective records, monitoring, and reporting. They will implement robust processes for budgeting, forecasting, and contract management while consulting closely with leadership and the board of directors on financial strategy.

As a key decision-maker, the CFO will enhance financial analysis to strengthen contract and grant management. This role requires the ability to adapt to a rapidly evolving workplace, manage teams, and promote diversity, equity, and inclusion. They will be a solutions-oriented, ethical leader able to translate complex financial data into actionable insights.

Responsibilities:
  • Develop/utilize tools and systems to provide critical financial and operational information to the CEO, the leadership team, and the board of directors.
  • Advise the CEO on all financial-related matters.
  • Develop and implement comprehensive financial strategies aligned with the health center's mission and objectives.
  • Perform data-driven evaluation of the organization's financial performance against annual budgets and strategic plans.
  • Engage the budget and finance committee around issues, trends, and environmental developments that pose financial risks or opportunities.
  • Lead the annual operating and capital budgeting process for the health center.
  • Manage and develop financial information technology systems to meet financial data processing, control, information, and reporting requirements.
  • Establish, update, and implement policies and procedures for internal controls around financial management functions.
  • Collaborate with staff in grant applications in the preparation of the financial components related to periodic grant reporting.
  • Oversee and manage all financial and regulatory matters related to the health center's 340B and Retail Pharmacy.
  • Prepare accurate and timely monthly and year-end financial reports.
  • Prepare timely reports and documentation for the annual audit.
  • Manage cash flow, liquidity, and banking relationships.
  • Assure compliance with state, federal, and local governmental requirements.
  • Manage the timely and accurate operation of purchasing, procurement, and accounts payable.
  • Ensure that company insurance coverage levels and types are appropriate.
  • Assess and mitigate financial risks through effective internal controls.
  • Manage and maintain the contract management processes.
  • Provide strong leadership to the finance team, fostering a culture of accountability and collaboration.
  • Meet regularly with program leaders to review program financial statements.
  • Cultivate strategic financial partnerships to enhance the health center's financial standing.
  • Maintain knowledge of current financial/accounting trends.
Qualifications:
  • Master's degree in accounting or finance preferred (MBA).
  • 10+ years of experience in financial management, preferably in non-profit healthcare organizations.
  • Experience managing state and federal grants preferred.
  • Proven senior leadership experience in managing financial operations in a non-profit organization with an annual budget of at least $25 million.
  • In-depth knowledge of nonprofit accounting principles and financial reporting.
  • Demonstrated expertise in federal grant management regulations.
  • Proven track record of strategic financial planning, budgeting, and analysis.
  • Commitment to the mission and values of the Massachusetts League of Community Health Centers.
  • Ability to adapt to a dynamic and evolving environment.
  • Dedication to equity, diversity, and inclusion in the workplace.
Skills Required:
  • The CFO must be a trustworthy and responsible professional with unquestionable integrity.
  • Demonstrated proficiency with MS Office applications.
  • Strong interpersonal and communication skills.
  • Demonstrated ability to provide financial leadership.
  • Ability to align individual goals with the strategic goals of the organization.
  • Keen analytic, organization, and problem-solving skills.
  • Must have reliable transportation to get to other sites and meetings as needed.
Supervisory Responsibility:
  • 5
EEO Statement:

Massachusetts General Hospital is an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under law.

Primary Location: MA-Boston-MGH North End Waterfront Health

Work Locations: MGH North End Waterfront Health 332 Hanover Street Boston 02113

Job: Professional/Managerial

Organization: Massachusetts General Hospital (MGH)

Schedule: Full-time

Standard Hours: 40

Shift: Day Job

Employee Status: Regular

Recruiting Department: MGH North End HC Administration

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