Chief Financial Officer

Massachusetts General Hospital - Boston, MA

Full-time - Senior

Boston, MA

11-50 employees

Hospitals

About the position

The Chief Financial Officer (CFO) at North End Community Health Committee, Inc. (NEW Health) provides executive leadership and oversight for all financial operations. This role is pivotal in ensuring the financial sustainability and integrity of the organization, overseeing strategic planning, budgeting, and compliance with regulatory requirements. The CFO will leverage their expertise in accounting and finance to develop financial systems, enhance financial analysis, and support the organization's mission of providing comprehensive healthcare services.

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, forecasting financial performance, analyzing variances, and providing strategic recommendations.
• 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.
• Manage cash flow, liquidity, and banking relationships, ensuring efficient cash management practices.
• Represent the health center in general business negotiations and oversee funding source contracts, grants, and agreements.
• Streamline and optimize financial processes and systems to enhance efficiency, accuracy, and transparency.
• Provide strong leadership to the finance team, fostering a culture of accountability and collaboration.

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 HRSA grants reporting requirements.
• 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.
• Strong understanding of FASB standards and IRS regulations.

Nice-to-haves

• Demonstrated proficiency with accounting software such as Intacct, MIP, Verity, UKG, or similar.
• Experience in effectively communicating key data, including presentations to management and the board.

Benefits

• Comprehensive healthcare services and programs.
• Professional development opportunities.
• Support for continuing education including conferences and trainings.