Deputy Chief Financial Officer

Community Care Alliance - Woonsocket, RI

Full-time - Mid Level

Woonsocket, RI

Social Assistance

About the position

The Deputy Chief Financial Officer (Deputy CFO) plays a crucial role in assisting the Chief Financial Officer (CFO) in managing the financial health of the organization. This position involves leading financial strategy, ensuring accurate financial reporting, managing financial risks, and supporting the CFO in strategic decision-making. The Deputy CFO will work closely with the CFO to understand the complexities of the agency's funding and billing structures, contributing to the overall financial strategy and operational efficiency of the organization.

Responsibilities

• Assist the CFO in developing and implementing financial strategies to support organizational goals.
• Contribute to long-term financial planning and forecasting.
• Analyze financial trends and provide insights to guide strategic decision-making.
• Oversee the preparation of accurate and timely financial statements and reports.
• Ensure compliance with accounting standards, regulations, and internal policies.
• Conduct financial analysis to assess performance, identify areas for improvement, and support business decisions.
• Lead the budgeting process, including coordination with program VPs and monitoring of needs and performance.
• Develop financial forecasts and models to support business planning and decisions.
• Review and approve budget proposals and expenditure requests.
• Identify financial risks and develop strategies to mitigate them.
• Implement and monitor internal controls to ensure the integrity of financial information.
• Ensure compliance with regulatory requirements and industry standards.
• Oversee day-to-day financial operations, including accounting and financial systems management.
• Manage cash flow, general ledger maintenance, bank reconciliation, payroll, working capital, and investment activities.
• Ensure accurate and timely processing of financial transactions and reports.
• Lead and mentor the finance team, fostering a collaborative and high-performance environment.
• Manage relationships with external auditors, financial institutions, and other stakeholders.
• Support the CFO in recruiting, training, and developing finance staff.
• Participate in strategic planning and development activities.
• Evaluate financial implications of potential business opportunities and partnerships.
• Assist in executing strategic projects and initiatives to drive organizational growth.
• Prepare and present financial reports and analyses to the CFO, board of directors, and other stakeholders.
• Communicate financial performance and key metrics to internal and external parties as needed.
• Address financial inquiries and provide support to other departments.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• An advanced degree (e.g., MBA, Master's in Finance) or professional certification (e.g., CPA, CMA) is preferred.
• 7-10 years of experience in finance or accounting roles, with at least 3-5 years in a senior leadership position.
• Experience in a non-profit accounting position, preferably in the healthcare industry.
• Familiarity with state and/or federal contracting.
• Strong knowledge of financial management, accounting principles, and financial regulations.
• Excellent analytical and problem-solving abilities.
• Proven experience in financial planning, budgeting, and reporting.
• Strong leadership and team management skills.
• Effective communication and interpersonal skills.
• Proficiency in financial software and systems including Excel, QuickBooks, and the ability to learn Blackbaud accounting software.
• Knowledge of Electronic Health Record (EHR) systems is a plus.

Nice-to-haves

• Experience in healthcare finance is a plus.
• Familiarity with Electronic Health Record (EHR) systems.

Benefits

• Flexible working hours during peak periods or critical projects.
• Opportunity for professional development and training.