Chief Financial Officer

Brief Overview:

We are seeking a Chief Financial Officer (CFO) who will be responsible for financial accounting, budgeting, tax, risk assessment, audit, compliance, contracting, reporting, and forecasting activities of the organization; managing all central financial operations; and ensuring organizational compliance with internal and external policies, regulations, and best practices.

Position Description:

Our Story

Health Resources in Action, Inc. (HRiA) is a non-profit organization that works with individuals, organizations, and communities to transform policy and systems to advance health and racial equity. Using an anti-racist approach, we connect, consult, and collaborate to solve complex challenges to collectively realize our vision of healthy people thriving in equitable and just communities. Our work is centered on our values:

  • Health and racial equity by identifying and addressing the root causes of health inequities, intentionally working to shift narratives and power imbalances and disrupt all systems of oppression.
  • Leading with heart by demonstrating our passionate commitment to our work, continuously challenging ourselves with humility and vulnerability while pursuing and holding ourselves accountable to our mission.
  • Collaboration by intentionally and respectfully leading, partnering, and following to strengthen relationships, uplift different voices, and build trust.
  • Innovation by driving toward new strategies, questioning norms, and continuously learning and evolving to support the needs of our clients and communities.

HRiA offers exciting, engaging, and challenging employment opportunities. People come to HRiA because of our commitment to advancing health equity and inspiring work; they stay for our wonderful clients, partners, and dedicated and dynamic staff. With our growing portfolio of high-impact work, person-centered policies, and generous benefits, our team continually invests in making HRiA a great place to work. Our diverse staff of over 270 people hail from 35+ states, with a home base in Boston.

HRiA’s growing annual operating budget is over $50M through diverse, complex revenue streams, such as federal, state, and local government contracts, fees for service, and restricted grants.

EQUITY

Equity is a core value of our organization. We appreciate and value the strengths and experience offered by staff from diverse backgrounds. As public health leaders with a social and racial justice focus, we are committed to understanding and learning from the institutional and structural barriers that create disparities. We provide an energizing and supportive environment in which to work and to build a career. For more information about the organization visit http://www.hria.org

CRITICAL SUCCESS FACTORS

Profile
  • Dynamic, respected, and strategic leader possessing a high level of business acumen and deep financial/enterprise skills, with progressively expanding and proven leadership driving innovation.
  • Hands-on, collaborative financial professional and relationship builder who earns the trust of leaders, staff, and board — providing operational direction, strategic vision with a high level of accountability.
  • Forward looking and thinking executive who can forge strategic partnerships and provide oversight on projects that drive revenue; ability to partner with key stakeholders on growth initiatives and support outcomes.
  • Transformative, innovative thought partner able to identify strategic opportunities and effectively translate organizational vision, strategy and objectives into financial goals, budgets, and business plans.
  • Collaborative team player with a strong service mentality, natural curiosity and flexibility who is committed to continuous improvement and professional development for themselves and their staff; dedicated to creating an inclusive environment, while leading with an equitable lens.
  • High-energy, self-directed, transformative CFO who can pivot with a willingness to embrace and enforce positive change, growth, and improvement in financial software and operational efficiencies.
  • Proven team frontrunner with capacity in seeing the big picture and who has built and developed a strong office support organization by leveraging strengths to empower, educate and mentor staff to achieve their fullest potential.
  • Ability to center an equity lens in our policies and processes including contracting, procurement, grantmaking, etc.
Characteristics
  • Exceptional management and supervisory skills; innovative and empowering mentor who embraces integrity and ethical practices, leading by example.
  • Dedication to social justice, public health, and promoting health equity.
  • Energetic, flexible, collaborative, proactive, with a healthy sense of humor and ability to work with grace under pressure.
  • Demonstrated ability to manage multiple priorities effectively within a dynamic, customer service-oriented environment.
  • Outstanding analytical and organizational skills, detail-oriented, with ability to prioritize competing priorities and exercise sound judgment.
  • Exceptional written and verbal communication skills.
  • Mission-driven and results-oriented, building high-performance teams through delegation, motivation, and support, fostering a positive succession culture.
  • Collaborative and flexible style, committed to continuous improvement and learning.
  • High personal integrity, good judgment, and maturity.
  • Demonstrated resourcefulness in setting priorities, proposing efficiencies, and guiding investment in people and systems.
  • Strong analytical skills and experience interpreting strategic visions into operational models.
  • Innovative and empowering mentor that embraces integrity and ethical practices by providing accurate, responsive, detail-oriented financial results and goals.
  • Proven agent of change who drives organizational innovation as an entrepreneur.

The Role

The Chief Financial Officer (CFO) is responsible for financial accounting, budgeting, tax, risk assessment, audit, compliance, contracting, reporting, and forecasting activities of the organization; manages all central financial operations; and ensures organizational compliance with internal and external policies, regulations, and best practices.

The CFO ensures accurate, informative, and timely financial reporting and analysis to all organizational leaders to enable them to appropriately manage their work and budgets and recommends actions for management and/or the Board of Directors. As a member of the Executive and Senior Leadership teams, the CFO plays an active role in organizational advancement initiatives, including planning for organizational growth, organizational capacity building, and exploring revenue-generating opportunities.

The CFO defines the processes and implements the infrastructure and/or systems needed to support the organization’s strategic and financial goals and objectives. The CFO continues to build and manage effective and streamlined administrative and financial systems, including those for accounting, budgeting, contracting, and compliance management.

The CFO reports directly to the President & CEO, directly supervises five Directors and Managing Directors within a department of 26 total staff and collaborates with a leadership team of eight fellow Vice Presidents.

Duties and Responsibilities:

  • Implement and execute the financial strategy of the organization to meet financial goals.
  • Oversee the financial operations, ensuring a best-in-class office.
  • Hire, direct and coach finance and accounting team members to ensure timely, proficient, and accurate results – and drive continuous improvement in accounting/ finance processes.
  • Prepare monthly/quarterly/annual financial consolidations, statements, and reporting.
  • Remain current on audit best practices as well as state, federal and local laws regarding company operations.
  • Prepare/review audit schedules, tax reports, financial information, KPI’s, budgets, etc.
  • Establish internal and external financial analysis and reporting as needed –expenditures, cost/benefit projects, ROI analysis, special projects and provide recommendations.
  • Manage the budgeting processes.
  • Responsible for overall treasury management. Establish and maintain banking relationships and relationships with investment managers and prepare cash projections, manage cash flow planning process and ensure funds availability.

Business Strategy

  • Collaborate on investments in innovation and explore new opportunities to increase the organizations market share.
  • Partner with executive leadership on all operational and strategic issues as they arise; providing strategic recommendations to the President & CEO based on financial analysis and projections, cost identification and allocation and revenue/expense analysis.
  • Engage with executive leadership to align financial management with short and long-term financial planning and projections.
  • Support on and engage the board finance, investment, audit committees and communicate issues, trends and changes in the operating model and operational delivery. Oversee long-term budgetary planning and cost management in alignment with the strategic plan.

Planning, Policy, and Board Relations

  • Participate in policy development as a member of the senior leadership team.
  • Develop business plans and forecasts in collaboration with senior leadership.
  • Partner with the President & CEO, to coordinate planning and establish priorities for organizational strategy.
  • Engage the finance and investment committees to develop short-medium-long-term financial plans and projections.
  • Report to and engage with the audit committee.
  • Represent the organization to financial partners including banking, auditors, investment managers, etc.
  • Stay current to meet or exceed nonprofit audit “best practices,” and state and federal law.
  • Analyze operations to identify areas in need of reorganization, downsizing, or elimination.

Financial/Operational Management

  • Oversee budgeting and the implementation of budgets to monitor progress and present operational metrics internally and externally.
  • Ensure finance staff maintains financial records systems in accordance with GAAP and monitors use of all funds on a monthly basis.
  • Preparation and approval of all financial reporting materials and metrics for board of trustees; prepare and communicate monthly, quarterly, and annual financial statements.
  • Manage cash flow and forecasting, direct all financial, project-based, and departmental accounting.
  • Review all formal finance processes and administration, recommending improvements to the systems in place and managing changes going forward.
  • Oversee cash management and ensure compliance with the board approved investment policy and investment of short-term funds in accordance with established guidelines and practices.
  • Responsible for the annual audit, including the audit committee review Oversee long-term investment strategies and monitor long-term investments and investment managers.

Administration

  • Oversee finance and accounting staff to ensure proper maintenance of all accounting systems and functions, including, but not limited to, budget preparation, and audit functions; supervise staff.
  • Ensure maintenance of appropriate internal controls and financial procedures.
  • Guarantee timeliness, accuracy, and usefulness of financial and management reporting for internal managers and for board of trustees; oversee the preparation and communication of monthly and annual financial statements.
  • Coordinate audits and proper filing of tax returns.
  • Direct the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports.
  • Ensure legal and regulatory compliance regarding all financial functions.

Leadership/Management

  • Serve as a business partner to the President & CEO and senior leadership team on the organization’s financial, budgeting and processes, with a keen eye on continuously developing and improving systems.
  • Works with leaders across the organization to monitor processes and make recommendations.
  • Lead finance and accounting staff by providing coaching, mentoring, and training opportunities that lead to professional growth.

Candidate Qualifications:

  • MBA with significant finance experience or BS in Accounting/Finance/Business and experience in a leadership role.
  • 15+ years of progressive finance experience; ideally in both nonprofit and for-profit sectors.
  • Experience in managing the financial operations of a large, complex nonprofit entity.

Technical Acumen

  • Knowledge of GAAP, fund accounting, restricted revenue, conditional revenue, and deferred revenue exchange transactions.
  • Proficient in Office 365 with advanced Microsoft Excel skills.
  • Strong knowledge of financial management (ERP) and other finance-related systems for an organization with a diverse revenue mix.
  • Solid understanding of federal funding regulations, including indirect cost accounting.

Key Characteristics 

  • Exceptional management and supervisory skills; innovative and empowering mentor who embraces integrity and ethical practices, leading by example.
  • Dedication to social justice, public health, and promoting health equity.
  • Energetic, flexible, collaborative, proactive, with a healthy sense of humor and ability to work with grace under pressure.
  • Demonstrated ability to manage multiple priorities effectively within a dynamic, customer service-oriented environment.
  • Outstanding analytical and organizational skills, detail-oriented, with ability to prioritize competing priorities and exercise sound judgment.
  • Exceptional written and verbal communication skills.
  • Mission-driven and results-oriented, building high-performance teams through delegation, motivation, and support, fostering a positive succession culture.
  • Collaborative and flexible style, committed to continuous improvement and learning.
  • High personal integrity, good judgment, and maturity.
  • Demonstrated resourcefulness in setting priorities, proposing efficiencies, and guiding investment in people and systems.
  • Strong analytical skills and experience interpreting strategic visions into operational models.

Compensation & Benefits:

The starting salary range for this Level 8 position is $225,000 to $280,000.  HRiA offers a competitive benefits package:

  • Health, dental, and vision insurance
  • Retirement plan contributions
  • Short-term, long-term, and life insurance
  • Paid Family and Medical Leave
  • Vacation starting at 4 weeks, plus office closure during the last week of December
  • Flexible summer hours
  • 13 paid holidays

How to Apply:

Health Resources in Action has retained CLA to spearhead our search efforts. Please send note of interest and resume to:



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