Newport Mental Health - Middletown, RI

posted 6 months ago

Full-time - Senior
Middletown, RI

About the position

The Corporate Controller at Newport Mental Health plays a critical role in overseeing the financial management and accounting functions of the organization. This position requires a deep understanding of financial principles, compliance regulations, and a commitment to the mission of the center. The Controller will develop and implement financial plans, budgets, and forecasts in collaboration with the Chief Finance and Administrative Officer and executive leadership. This role is essential for analyzing financial performance and providing insights to support strategic decision-making. The Controller will prepare accurate and timely financial statements, reports, and presentations for internal and external stakeholders, ensuring compliance with accounting standards, regulatory requirements, and grant guidelines. In addition to overseeing day-to-day accounting operations, including accounts payable, accounts receivable, general ledger, and payroll functions, the Controller will implement and maintain effective internal controls to safeguard financial assets. This position will also coordinate annual financial audits and liaise with external auditors, ensuring compliance with applicable laws, regulations, and funding source requirements. The Controller will manage cash flow and liquidity, optimizing the use of resources for operational needs, and monitor banking activities while maintaining relationships with financial institutions. The role involves identifying and assessing financial risks, proposing and implementing strategies to mitigate them, and staying informed about changes in financial regulations and industry best practices. The Controller will oversee the financial aspects of grant applications, reporting, and compliance, collaborating with program managers to ensure accurate tracking of funds and adherence to grant requirements. Furthermore, the Controller will evaluate and implement financial systems and technologies to enhance efficiency and accuracy, provide training and support to staff on financial systems and processes, and lead and mentor the finance team, fostering a collaborative and high-performance culture. Communication of financial information to non-financial stakeholders in a clear and understandable manner is also a key responsibility.

Responsibilities

  • Develop and implement financial plans, budgets, and forecasts in collaboration with Chief Finance and Administrative Officer and executive leadership.
  • Analyze financial performance and provide insights to support strategic decision-making.
  • Prepare accurate and timely financial statements, reports, and presentations for internal and external stakeholders.
  • Ensure compliance with accounting standards, regulatory requirements, and grant guidelines.
  • Oversee day-to-day accounting operations, including accounts payable, accounts receivable, general ledger, and payroll functions.
  • Implement and maintain effective internal controls to safeguard financial assets.
  • Coordinate annual financial audits and liaise with external auditors.
  • Ensure compliance with applicable laws, regulations, and funding source requirements.
  • Manage cash flow and liquidity, optimizing the use of resources for operational needs.
  • Monitor banking activities and maintain relationships with financial institutions.
  • Identify and assess financial risks, proposing and implementing strategies to mitigate them.
  • Stay informed about changes in financial regulations and industry best practices.
  • Oversee the financial aspects of grant applications, reporting, and compliance.
  • Collaborate with program managers to ensure accurate tracking of funds and adherence to grant requirements.
  • Evaluate and implement financial systems and technologies to enhance efficiency and accuracy.
  • Provide training and support to staff on financial systems and processes.
  • Lead and mentor the finance team, fostering a collaborative and high-performance culture.
  • Encourage professional development and continuous improvement among team members.
  • Collaborate with other departments to ensure financial information is accurate and supports organizational goals.
  • Communicate financial information to non-financial stakeholders in a clear and understandable manner.

Requirements

  • Bachelor's degree in accounting, Finance, or a related field; CPA or CMA certification preferred.
  • Proven experience (10+ years) in a senior financial management role, preferably in healthcare or non-profit sector.
  • In-depth knowledge of accounting principles, financial regulations, and compliance requirements.
  • Strong analytical, problem-solving, and decision-making skills.
  • Excellent communication and interpersonal abilities.
  • Proficient in financial software and Microsoft Office Suite.

Benefits

  • Excellent Health and Dental Insurance
  • Vacation, Sick and Personal time accrued biweekly
  • Up to 11 Paid Holidays
  • Retirement program through Mutual of America
  • Additional supplemental insurance programs
  • Tuition reimbursement
  • Mileage reimbursement
  • Employer paid life insurance
  • Flexible spending account (FSA) and dependent care (DCA) spending accounts
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