Chief Financial Officer

Penn-Mar Human Services - Freeland, MD

Full-time - Senior

Freeland, MD

About the position

The Chief Financial Officer (CFO) at Penn-Mar Human Services is a pivotal role that reports directly to the CEO/President. The CFO is tasked with providing strategic financial leadership across the organization, which includes overseeing financial planning, budgeting, management reporting, external reporting, general accounting, treasury, payroll, and tax compliance. This position is essential for ensuring that the organization operates with timely, accurate, and insightful financial information that supports its operational needs. The CFO will collaborate closely with the CEO/President, COO, Board of Directors, Finance Committee, executive team, and external partners to align financial activities with the organization's strategic priorities. In this role, the CFO will ensure the accuracy and integrity of financial statements and reports, while also managing the effectiveness of automated support systems and processes. A significant focus of the CFO's responsibilities will be on strategic priorities, including resource management and financial planning. The CFO will also be responsible for managing the financial team, facilities team, and all financial regulatory reporting across the Penn-Mar enterprise. The CFO will serve as a strategic thought partner to the CEO/President, fostering relationships with stakeholders at local, state, and national levels. This includes developing and implementing strategic goals and objectives, providing analytical support for merger and acquisition activities, and preparing high-level presentations for the Board of Directors. The CFO will oversee various financial functions, including controllership, accounting, payroll, accounts payable and receivable, and billing, while ensuring compliance with tax and regulatory requirements. Additionally, the CFO will be responsible for cash flow planning, asset management, and risk management, ensuring that the organization is well-positioned for future financial stability and growth.

Responsibilities

• Serve as strategic thought partner to the CEO/President regarding resource management and financial planning.
• Foster and develop strategic stakeholder relationships on the local, state and national levels.
• Develop and implement strategic goals and objectives within all areas of responsibility.
• Provide strategic and analytical support to Penn-Mar's Merger & Acquisition (M & A) activities.
• Prepare and present high-level financial status reports to the Board of Directors.
• Ensure compliance with regulatory agency disclosures and best practices.
• Demonstrate comprehensive knowledge of the agency's financial condition and programs.
• Oversee the financial team including controllership, accounting, payroll, accounts payable and receivable, and billing.
• Manage tax-exempt and other financings, negotiating effective rates and terms.
• Establish and maintain relationships with financial institutions for operational banking services.
• Oversee cash flow planning and forecasting, asset management, and financing strategies.
• Build and maintain relationships with management, staff, outside agencies, and vendors.
• Assess benefits of prospective contracts and advise management on programmatic design.
• Oversee the PMHS's insurance and risk management program.
• Maintain knowledge of current financial reporting trends and developments.
• Ensure compliance with tax and regulatory agency requirements.
• Create predictive financial models for future planning.
• Provide regular financial snapshots for internal management.
• Ensure accounting and financial reporting practices comply with regulatory requirements and GAAP.
• Oversee preparation of annual budgets and forecasts, manage annual audits, and ensure internal controls are in place.
• Participate in policy development as part of the senior leadership team.
• Serve as Executive Director of Penn-Mar Development Corporation and as a member/officer of the Penn-Mar Foundation Board.

Requirements

• Bachelor's degree in accounting, finance, or related field required; CPA and/or M.S. in Accounting, Finance, or Business preferred.
• Minimum of 5 years of finance/accounting leadership experience in a senior financial-management role.
• Experience leading strategic planning for an organization.
• Experience evaluating and reporting on financial information and making actionable recommendations to senior leadership and the Board of Directors.
• Experience managing finance and accounting for a nonprofit with a budget of at least $25 million preferred.
• Experience managing M&A activities and related processes preferred.
• Excellent written and oral communication skills.
• Demonstrated leadership ability, team management, and interpersonal skills.
• Excellent analytical, critical thinking, and abstract reasoning skills; excellent organization skills.
• Demonstrated knowledge in ensuring compliance with regulatory and third-party requirements.
• Solid experience in budgeting, forecasting, and identifying cost control/improvement opportunities.
• Experience managing annual audits with outside auditors and ensuring internal controls are in place.

Nice-to-haves

• Experience providing financial leadership in a multi-state organization preferred.
• Experience serving on a Board preferred.