Deputy Chief Financial Officer

1 month ago

Woonsocket, Rhode Island, United States Community Care Alliance Full time
Job Description

Deputy Chief Financial Officer (Deputy CFO)

Job Summary:

The Deputy Chief Financial Officer (Deputy CFO) plays a critical role in supporting the Chief Financial Officer (CFO) in overseeing and managing the financial health of Community Care Alliance. This position involves leading financial strategy, ensuring accuracy in financial reporting, managing financial risks, and supporting the CFO in strategic decision-making. The Deputy CFO acts as a key member of the finance team, contributing to the organization's overall financial strategy and operational efficiency.

Key Responsibilities:

  1. Financial Strategy and Planning:
  • Assist the CFO in developing and implementing financial strategies to support organizational goals.
  • Contribute to long-term financial planning and forecasting.
  • Analyze financial trends and provide insights to guide strategic decision-making.
Financial Reporting and Analysis:
  • Oversee the preparation of accurate and timely financial statements and reports.
  • Ensure compliance with accounting standards, regulations, and internal policies.
  • Conduct financial analysis to assess performance, identify areas for improvement, and support business decisions.
Budgeting and Forecasting:
  • Lead the budgeting process, including coordination with program VPs and monitoring of needs and performance.
  • Develop financial forecasts and models to support business planning and decisions.
  • Review and approve budget proposals and expenditure requests.
Risk Management:
  • Identify financial risks and develop strategies to mitigate them.
  • Implement and monitor internal controls to ensure the integrity of financial information.
  • Ensure compliance with regulatory requirements and industry standards.
Financial Operations:
  • Oversee day-to-day financial operations, including accounting and financial systems management.
  • Manage cash flow, general ledger maintenance, bank reconciliation, payroll, working capital, and investment activities.
  • Ensure accurate and timely processing of financial transactions and reports.
Leadership and Team Management:
  • Lead and mentor the finance team, fostering a collaborative and high-performance environment.
  • Manage relationships with external auditors, financial institutions, and other stakeholders.
  • Support the CFO in recruiting, training, and developing finance staff.
Strategic Initiatives:
  • Participate in strategic planning and development activities.
  • Evaluate financial implications of potential business opportunities and partnerships.
  • Assist in executing strategic projects and initiatives to drive organizational growth.
Stakeholder Communication:
  • Prepare and present financial reports and analyses to the CFO, board of directors, and other stakeholders.
  • Communicate financial performance and key metrics to internal and external parties as needed.
  • Address financial inquiries and provide support to other departments.

Qualifications:

  • Education: Bachelor's degree in Finance, Accounting, Business Administration, or a related field. An advanced degree (e.g., MBA, Master's in Finance) or professional certification (e.g., CPA, CMA) is preferred.
  • Experience: 7-10 years of experience in finance or accounting roles, with at least 3-5 years in a senior leadership position. Must have experience in a non-profit accounting position, preferably in the healthcare industry and familiarity with state and/or federal contracting.
  • Skills:
    • Strong knowledge of financial management, accounting principles, and financial regulations.
    • Excellent analytical and problem-solving abilities.
    • Proven experience in financial planning, budgeting, and reporting.
    • Strong leadership and team management skills.
    • Effective communication and interpersonal skills.
    • Proficiency in financial software and systems including Excel, QuickBooks and the ability to learn Blackbaud accounting software. Knowledge of Electronic Health Record (EHR) systems, a plus.

Personal Attributes:

  • Strategic thinker with a results-oriented mindset.
  • High level of integrity and professionalism.
  • Ability to work effectively under pressure and manage multiple priorities.
  • Adaptable and proactive in a dynamic environment.
  • Excellent attention to detail.
  • Patience with the learning curve in understanding the intricacies of CCA finances.

Working Conditions:

  • Office environment with infrequent travel required.
  • Flexibility to work beyond standard business hours may be necessary during peak periods or critical projects.

Community Care Alliance is an Affirmative Action/Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, sexual orientation, age, national origin, or disability.

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