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Public Health Solutions · 9 hours ago

Chief Financial Officer

New York, NY

Full-time

Hybrid

Director/Executive

$280K/yr - $280K/yr

15+ years exp

Public Health Solutions (PHS) is the largest public health nonprofit serving New York City, focused on improving health outcomes for low-income families. The Chief Financial Officer (CFO) will oversee all financial and accounting functions, ensuring compliance and providing strategic financial leadership to support the organization's mission.

CommunitiesHealth CareMedicalService Industry

Responsibilities

Serves as a strategic business partner to the CEO and Executive Leadership Team. Provides support, guidance, and advice to the Board of Directors, Finance, Audit, and Pension Committees, the CEO, and the Executive Leadership Team

In partnership with the CEO, sets guidance for all PHS budget holders for the annual budget process. Collaborate with the Executive Leadership Team to prepare the annual corporate budget, ensuring performance, mission impact, and financial health. Prepares materials for Finance Committee and Board review and approval

Consults with the CEO on high-level financial, business, and policy decisions that have material or organization-wide implications

Manages all strategic planning for the Finance & Accounting Department, and helps define, devise and support strategic fiscal policy and planning for PHS as a whole

Actively participates in pivotal decisions as they relate to PHS’ organizational strategy and operational models. Develops and advises on cost and reimbursement strategies, as well as development of the organization’s plans and programs

Evaluates the Finance & Accounting Department structure and team, develop and execute a plan for continual improvement of the efficiency and effectiveness of the Department. Provides individuals with professional and personal growth opportunities

Drives toward continual improvements of the budgeting and projections process through continued refinement of reporting, collaborative input from key budget holders and education of department managers on financial issues impacting their budgets. Interacts with and brings departments and programs into line with PHS organizational, business and financial strategy, initiatives and advises and directs as required

Regularly participates and advises management on the financial condition of the organization, reports performance against plan, sets and communicates guidance and policy. When necessary, takes immediate corrective actions and, where applicable, establishes acceptable criteria for any and all business decisions affecting the performance of PHS

Enhances and/or develops, implements and enforces policies and procedures of the organization by way of systems and business process changes that will improve the overall operation and effectiveness of PHS

Establishes credibility throughout the organization and with the Board as an effective problem solver; is viewed as approachable and as a mentor on financial issues. The CFO provides strategic financial input and leadership on decision-making issues affecting the organization such as, the evaluation of potential alliances, partnerships, pension fund performance and investments

Establishes strong systems of internal controls over financial processes in the Finance & Accounting Department and for the corporation and ensures compliance with applicable laws, rules and regulations

Manages the issuance of annual corporate financial statements and the annual audit thereof; prepares quarterly financial statements and presents to the Finance Committee and Board

Leads the Finance & Accounting team, providing timely and accurate analysis of budgets and financial reports that will assist the Board, Finance Committee, CEO and senior managers in managing their responsibilities, including reporting on performance and budget projections against plan, profit and loss, and cash flow

Oversees PHS cash management processes and ensures timeliness and accuracy of PHS’ cash flow reporting, the management, timeliness and control over all billing processes, vendor management and strong relationships with key PHS vendors. Supervises financial institution relations, bank accounts and insures cash availability for payrolls and other corporate obligations

Manages corporate cash flows, accounts receivable, and accounts payable. Develops a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet PHS operating needs, while ensuring continual improvement of the timeliness and accuracy of PHS’s cash flow and management of the billing process (A/R)

Oversee the management of the corporate fringe benefit budget and the federal corporate wide fringe benefit rate

Oversee the management of the corporate indirect cost rate and annual submissions for rate approval to federal oversight agencies

Manages annual Form 990 submission and all corporate federal and state tax compliance issues

Oversee annual audits of 403(b) and defined benefit pension plans

Qualification

Financial managementAccountingComplianceBudgetingAnalytical skillsLeadershipCommunication skillsMotivating staffExternal auditor relationsInternal controlsProblem-solvingPresentation skills

Required

Extensive prior management experience in financial related, controllership or similar capacity (at least 15 years); senior level experience in a complex non-profit environment

Business degree in accounting or finance

Outstanding communication and presentation skills

Demonstrated leadership ability, confidence and executive presence

Ability to motivate staff

Excellent analytical, reasoning and problem-solving skills

Significant experience working with external auditors, internal controls, and compliance issues