Chief Financial Officer

Postion Overview The Chief Financial Officer (CFO) is a driven finance professional, responsible for oversight of finance and shared services, including: budgeting, accounts payable, accounts receivable, audit oversight, investing, credentialing, insurance contracting, third-party billing, payroll, maintenance, housekeeping, real estate, vendor negotiations, records management, grants administration, cash flow analysis, and information technology . The CFO produces agency- and program-level forecasts and analyses to help with strategic and operational planning. The CFO works with the Director of Facilities on forecasting capital projects and prioritizing based on cash flow assumptions. Reporting directly to the Chief Executive Officer, the CFO collaborates with the finance and investment committees of the Board of Directors. The CFO leads the finance and maintenance teams and ensures IHC has the systems and procedures in place to support effective program implementation and conduct flawless audits. The CFO collaborates with program leaders and their teams, not only to further organizational understanding of finance and accounting procedures, but also to continuously improve how the finance function supports program operations. The CFO partners with the fundraising department around revealing costs not covered by revenue streams for potential donor or foundation support.

The CFO is an executive level leader and promotes agency mission, vision, and values while monitoring and continuously improving company culture. The CFO contributes to agency strategic planning and implementation. The CFO is comfortable and skilled at being the financial expert of the agency and presenting the organization’s fiscal health, particularly with Board of Directors.

The intent of this job description is to provide a representative summary of duties and responsibilities that will be required of positions given this title. Employees may be requested to perform tasks other than those specifically presented in this description.

Essential Functions

Finance, Accounting and Reporting

Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate GAAP standards and regulatory requirements

Maintain internal control and safeguards for receipt of revenue, costs, and program budgets and actual expenditures

Provide all necessary information to auditors

Implement systems to analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership aware of IHC financial health

Lead the annual budgeting and planning process; compare budgets to actual results with a view to identify and explain variances as appropriate

Present financial data and package at the Board’s finance committee meetings

Oversee all project/program and grants accounting; ensure that expenditures are aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants

Manage organizational cash flow by working in partnership with development and program leaders; continuously collaborate with program to assess the financial efficacy of program operations and establish finance and administrative systems to support program operations

Manage and track the performance of invested assets in keeping with policies and investment guidelines

Oversee payroll policies and functions

Produce analyses of current financial data related to individual programs and program clusters, support departments, and the agency as a whole

Provide medium- and long-term forecasts for programs, program clusters, and the overall agency

Help integrate financial data and projections with agency strategic and operational planning

Third-Party Billing and Customer Service

Oversee the insurance contracting, credentialing, billing and collections processes

Manage problem escalation though excellent customer service

Oversee implementation of system improvements

Shared Services

Oversee maintenance and housekeeping department, helping leadership prioritize competing projects and maintain an aging campus

Assess, prioritize, and plan for capital improvements

Drive all real estate transactions, working in close collaboration with CEO, brokers, lawyers, and board of directors

Maintain accurate contracts for all programs and cross-check program leadership documents related to contracted services

Oversee the prioritization of supplier diversity program and vendor vetting and performance

Organize and streamline cost efficient records management system

Maintain information technology equipment and oversee performance of IT vendor

Team Leadership

Leverage strengths of the current finance team members, help to clarify roles and responsibilities and develop and implement training programs to maximize and reach optimal individual and organizational goals

Help educate managers throughout the organization in effective budgeting, understanding P&L reports, and financial planning related to ongoing financial results

Provide leadership in strengthening internal communications with staff at all levels throughout the organization by creating and promoting a positive and supportive work environment

Minimum of a bachelor’s degree; CMA, CPA and/or MBA preferred

Five years’ experience in a financial leadership role required; experience in non-profit management preferred

Three years’ experience supervising, teaching, and mentoring financial staff strongly preferred

Experience with oversight of IT preferred

Experience with oversight of maintenance/facilities/real estate transactions preferred

Personal qualities of integrity, credibility, and unwavering commitment to IHC’s mission

Proactive, hands-on strategic thinker who will own the commitment for delivering high-quality finance data and operations

Enthusiastic about systems and technology; advanced knowledge of accounting and reporting software and experience selecting and overseeing software installations preferred

Keen analytic, organization and problem-solving skills which allows for strategic data interpretation versus simple reporting

Ability and desire to translate complex financial concepts to individuals at all levels including non-finance managers

Demonstrated experience coordinating audit activities

Expertise in all accounting functions – accounts payable and receivable, general ledger, payroll, accounting for investments and budgeting. Knowledge of/familiarity with third party billing

Evidence of success in contract/grants management as it relates to compliance and reporting of government, corporate and foundation grants

Commitment to recruiting, mentoring, and training a high performing and diverse team

Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to senior management, board, or other outside partners

Proven ability to produce high-quality work amid multiple high priority tasks with competing deadlines

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