Providence - Santa Monica, CA
posted 2 months ago
Full-time - Executive
Santa Monica, CA
10,001+ employees
Hospitals
About the position
The Chief Financial Officer (CFO) at Saint John's Health Center Foundation is responsible for overseeing the financial operations of the organization, ensuring its financial health and sustainability. This role involves managing financial reporting, an annual operating budget of $11 million, and total assets of approximately $350 million. The CFO collaborates closely with the CEO and the Board of Trustees to develop and implement financial and investment strategies that align with the organization's mission and goals. As a member of the executive leadership team, the CFO provides financial leadership and strategic guidance to support the Foundation's objectives.
Responsibilities
- Develop and implement financial strategies that support the organization's mission and goals.
- Manage and oversee all financial operations, including accounting, budgeting, forecasting, and financial analysis.
- Ensure the accuracy and completeness of financial records, including the general ledger, accounts payable, payroll, and other financial systems.
- Prepare and present financial reports to the CEO and Board of Trustees, providing analysis and recommendations as needed.
- Ensure compliance with all financial reporting and regulatory requirements, including tax filings, audits, and other reporting requirements.
- Manage relationships with external partners, including banks, auditors, and other financial service providers.
- Lead and/or work with outside counsel on all legal compliance functions for the foundation's protection.
- Develop and oversee the $11 million annual budgeting process, working closely with the executive team and other stakeholders to develop realistic and achievable budgets.
- Monitor actual performance against budget and provide regular updates and analysis to the CEO and Board of Trustees.
- Develop and maintain financial forecasting models that support long-term financial planning and decision-making.
- Provide professional oversight of the foundation's investment consultant and advisors and work closely with the foundation's Investment Committee to ensure effective administration of its investment program.
- Work with the foundation's investment consultant to monitor investment performance on total investments of $250 million (including endowments of close to $100 million).
- Ensure compliance with the Investment Committee's policy guidelines, promptly and accurately meet Investment Committee calls and distribution allocations, and report to the Investment Committee and the Board.
- Work closely with the CEO and executive team to develop and implement strategic plans and goals that support the organization's mission and vision.
- Lead both the Finance and Investment Committees, collaborating with Committee Chairs and other committee members to provide strategic financial guidance and support to the organization.
- Provide leadership and mentorship to the finance team, fostering a culture of continuous improvement and professional development.
- Model and instill a service orientation and continuous improvement culture that inspires a high-performing professional staff.
- Collaborate with other senior leaders to develop and implement strategies that support the organization's mission and goals.
- Report on the financial performance of the organization to the Board of Trustees, including regular updates on budget performance, forecasts, and financial risks and opportunities.
- Collaborate with the CEO and Board of Trustees to develop and implement financial policies and procedures that align with the organization's values and strategic goals.
- Represent the organization at internal and external events and meetings, providing financial guidance and support as needed.
- Oversee all tax filings and compliance requirements, ensuring that the organization is in compliance with all relevant laws and regulations.
Requirements
- Bachelor's degree in Accounting, Finance, Business, or related fields.
- Master's degree in Business Administration (preferred).
- 12 or more years of progressively responsible experience in financial management, with at least 5 years in a nonprofit organization.
- 9 years of demonstrated leadership experience.
- 5 years of experience in fund accounting (preferred).
- CPA (preferred).
- CFA or experience with investment management (preferred).
Nice-to-haves
- Experience in healthcare finance.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
Benefits
- 401(k) Savings Plan with employer matching
- Health care benefits (medical, dental, vision)
- Life insurance
- Disability insurance
- Paid parental leave
- Vacation and holiday time off
- Voluntary benefits
- Well-being resources
