Chief Financial Officer

Massachusetts League of Community Health Centers - ADMIN ONLY SITE - Boston, MA

Full-time - Executive

Boston, MA

About the position

The Chief Financial Officer (CFO) of the Massachusetts League of Community Health Centers will provide executive leadership and oversight for all financial operations. This role is crucial for ensuring fiscal responsibility, regulatory compliance, and alignment with organizational goals. The CFO will develop financial systems, implement budgeting and forecasting processes, and enhance financial analysis to support contract and grant management. The position requires strong leadership, strategic thinking, and the ability to communicate complex financial data effectively.

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 League'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 League and its subsidiaries.
• Manage all financial aspects of subsidiary organizations and provide input into strategic decisions.
• Establish, update, and implement policies and procedures for internal controls around financial management functions.
• Collaborate with staff in grant costing for new grants and assist in the preparation of financial components related to periodic grant reporting.
• Prepare accurate and timely monthly and year-end financial reports for executive management and the board.
• Manage the independent outside audit and prepare timely reports for the annual audit.
• Oversee preparation of all tax-related documentation, including form 990.
• Monitor the budget and guide directors and program leaders in budget management.
• Manage cash flow, liquidity, and banking relationships.
• Represent the agency 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 required.
• Active Certified Public Accountant (CPA) license required.
• 10+ years of experience in financial management, with a focus on non-profit organizations.
• Experience managing state and federal grants required, ideally with HRSA grants.
• Proven senior leadership experience in managing financial operations with an annual budget of at least $50 million.
• In-depth knowledge of nonprofit accounting principles and GAAP.
• Strong understanding of FASB standards and IRS regulations.

Nice-to-haves

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

Benefits

• Health insurance
• Professional development opportunities
• Flexible scheduling
• Paid holidays
• Employee benefits negotiation participation