Chief Financial Officer

NEW Health -North End - Boston, MA

Full-time - Senior

Boston, MA

11-50 employees

About the position

The Chief Financial Officer (CFO) at North End Community Health Committee, Inc. (NEW Health) is responsible for providing executive leadership and oversight for all financial operations. This role involves ensuring fiscal responsibility, regulatory compliance, and alignment with organizational goals. The CFO will develop financial systems, oversee budgeting and reporting, and enhance financial analysis to support contract and grant management, all while promoting diversity, equity, and inclusion within the organization.

Responsibilities

• Develop and utilize tools and systems to provide critical financial and operational information to the CEO, leadership team, and 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 and management of grant awards.
• 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 for executive management and the board.
• Prepare timely reports and documentation for the annual audit; manage the independent outside audit.
• Monitor the budget and guide directors and program leaders in budget management.
• Assure compliance with state, federal, and local governmental requirements and regulations.
• Represent the health center in general business negotiations and oversee funding source contracts, grants, and agreements.
• Manage the timely and accurate operation of purchasing, procurement, and accounts payable.
• Assess and mitigate financial risks through effective internal controls and risk management strategies.
• Streamline and optimize financial processes and systems to enhance efficiency, accuracy, and transparency.
• Oversee the preparation, distribution, and reporting processes for payroll in cooperation with HR.
• Provide strong leadership to the finance team, fostering a culture of accountability and collaboration.
• Meet regularly with program leaders to review program financial statements and ensure budgetary compliance.

Requirements

• Master's degree in accounting or finance preferred (MBA).
• 10+ years of experience in financial management, with a focus on non-profit healthcare organizations.
• Experience managing state and federal grants preferred, ideally with reporting requirements for HRSA grants.
• 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, GAAP, and financial reporting.
• Understanding of FASB standards and IRS regulations.

Nice-to-haves

• Demonstrated proficiency with accounting software such as Intacct, MIP, Verity, UKG, or similar software.
• Strong interpersonal and communication skills, including experience in effectively communicating key data to management and the board.
• Ability to build relationships and communicate financial concepts to non-financial stakeholders.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• 401k retirement plan
• Paid time off
• Professional development opportunities