CHIEF FINANCIAL OFFICER - CFO

CHIEF FINANICAL OFFICER (CFO) POSITION SUMMARY: The Chief Financial Officer has overall responsibility for managing the Agency's finances, including but not limited to strategic planning, budgeting, and reporting, and overseeing and directing the Agency's financial services, facility and maintenance department, and information technology department. Business Office functions. This position collaborates on and solves Agency challenges, and will interface with auditors and has an active, constructive relationship with state Agency personnel whose roles affect the Agency's reimbursements. This position reports directly to the CEO and is responsible for providing the CEO with timely financial information that clearly assists them in managing the financial component of program and support service units. The Chief Financial Officer also interfaces with the Board of Directors, most specifically with the Finance and Investment Committees. POSITION STATUS: Exempt TECHNOLOGIES: Microsoft Office Suite, SAGE Intacct, Electronic Health Records (Care logic a plus) Accountable and responsible for the following: Directs and participates in all fiscal management and reporting responsibilities. Manages daily financial operations with significant attention to payroll, accounts payable, accounts receivable and billing/collections. Prepares, modifies, and monitors the operational and capital budgets. Oversight responsibility for cash management. Reviews weekly cash flow reports from which estimates are developed and action steps taken as needed. Supports finance and investment committees of the Board in discharging their oversight responsibilities by providing timely, complete, and accurate information to the committees. Provides CEO with timely financial information that provides them with the necessary information needed to financially manage programs. Active participation with the CEO in negotiating the scope of services and reimbursements for existing or new contracts with State agencies and/or managed care carriers. Serve as a strategic advisor to senior management team, including contract and program funding, new program development and program sustainability. Responsible for ensuring that billing is accurate to all third-party payers. Manage and maintain the financial accounting system ensuring ongoing functionality. Oversight and monitoring of all phases of the billing process; accurate & timely billing of "clean" claims, posting of reimbursements, active follow-up on unpaid balances. Reviews business services functions and segregation of duties to ensure appropriate internal control. Ensures the coordination of financial and program services, including facilitating development of strategic system planning to improve & maintain reliable operational and financial systems. Ensure Agency's Financial Accounting Software best meets the data and financial reporting requirements of the organization. Assesses and responds to organizational needs with best practice of programs. Manage financial reporting and analyses regarding strategic decision making. Oversee budgeting/financial planning and forecasting processes. Monitor cash flow. Ensure compliance with regulatory and company requirements. Lead and manage the financial team. Analyzes financial records to forecast future financial outcomes. Ensures compliance with relevant regulations, standards and directives from regulatory agencies and third-party payers. Motivates cross-department teams' performance towards excellence and developing team concepts and consensus-building management styles. Manages relationships with financial entities related to line of credit, investments, etc. Able to understand and interpret contracts & legal agreements and advise the CEO as to the financial implications, requirements, and possible outcomes. Writes and prepares grants for State Government RFP's, local and national foundations, and other potential funding sources. Oversees and prepares all state funding budgets ensuring maximum utilization of funding dollars and meeting all reporting requirements of funding entities. Provides timely and accurate spenddown information to program managers, Directors, VPs regarding grant funding received. Manages reporting to the State of Connecticut funding entities. Negotiate contracts for goods and services. Directly supervises the Director of Maintenance (Facilities) with regards to planning for repairs, fleet maintenance and renovations by internal and external contractors Directly supervises the Director of Information Technology with regards to planning for agency technology and work performed by internal and external contractors Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities may include interviewing, hiring, training employees, planning, assigning, and directing work, appraising performance, rewarding, and disciplining employees, addressing complaints and resolving problems. Continuous assessment of systems to ensure that efforts to provide a safe environment are coordinated and effective. Directly responsible for ensuring adequate evaluation and implementation of Agency's policies and procedures as they relate to client safety. Maintains all required agency mandatory training. Maintains appropriate personal boundaries with young people and families served at The Children's Center of Hamden. Adheres to The Children's Center of Hamden's Code of Ethics and Policy and Procedure Manuals, and monitors for compliance with those policies by staff reporting to CFO Demonstrates commitment to the Agency's Inclusion Policy, including by identifying inequities and bias and taking constructive steps to address such issues Leads by example by interacting with others respectfully and modeling professionalism Respects the experiences of individuals who do not share your race, gender, religion, sexual orientation, or any other protected status Maintains care, welfare, safety, and security of the children by reporting conditions which are or could be considered safety hazards. Other duties as assigned by the CEO MINIMUM QUALIFICATIONS Minimum of 10 years in the field of financial reporting and management, of which 3 to 5 years were in the role of directing and supervising many or all these services. Effective verbal and written communicator. The ability to describe whatever the subject matter is in a succinct, yet thorough manner is paramount for the person in this position to be an effective agency manager and representative to outside entities. Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form. PREFERRED QUALIFICATIONS Hands on experience with behavioral health medical billing. Experience working with non-profits, particularly in the social service sector. Experience working with DCF, DMHAS, and DSS. DEGREE/ LICENSURE / CERTIFICATIONS BS in accounting or finance; MBA or masters preferred CPA A plus PHYSICAL REQUIREMENTS / WORK ENVIRONMENT While performing the duties of this job, the employee is regularly required to perform the following essential job functions: Light lifting ( Moderate lifting (20 - 50 lbs.) Reaching Walking Hearing Heavy lifting (>50 lbs) Bending Climbing Talking Driving Repetitive Motion Push/Pulling Other, specify: The work environment is primarily representative of those an employee encounters while performing the essential functions of the job. Potential exposure to waste and bodily fluids Potential allergenic and/or irritant conditions CORE COMPETENCIES Behaviors and skills employees are expected to demonstrate to carry out the mission and goals. Values/Ethics: Ability to act with integrity and respect in personal and organizational practices, treating all people equitably including respecting professional, ethical and people values. Communication: Ability to write and speak clearly and succinctly in a variety of communication settings; can get messages across that have the desired effect. Conflict Resolution: Facilitating the prevention and/or resolution of conflict while preserving working relationships while maintaining composure. Organization: Ability to manage multiple projects; determine project urgency, uses goals to guide actions; organizes and schedules tasks effectively. Teamwork: Readily sharing information, knowledge and personal strengths. Seek to understand and build on differing perspectives of others to enhance team efficiency and quality outcomes. Computer: Ability to use computers and other forms of technology. Ability to learn required office software products. Decision Making/Decisiveness: Making and taking responsibility for and demonstrating commitment to appropriate decisions in a timely manner. Ensuring that decisions are made based on policies, rules and organizational directives and solving emerging problems. Leadership: Creating a working environment that promotes and encourages team members' participation to attain common and individual objectives. Leading by example. Project Management: The discipline of planning, organizing, and managing resources to bring about the successful completion of a specific project. Strategic Thinking: Innovating through analysis of issues and trends and how these link to responsibilities, capabilities, and potential of the organization. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Created: 2024-10-19