EMPLOYMENT OPPORTUNITYCHIEF FINANCIAL OFFICERJOB DESCRIPTION Position: rep (CFO)
Department: Finance
Reports to: Chief Executive Officer
Hours: Full-time
Salary: $175,000-$195,000
FLSA: Exempt
Position Summary:Union Settlement has outsourced its day-to-day accounting, billing, contract processing and other financial management activities to BTQ Financial, and the Chief Financial Officer is responsible for overseeing the work of BTQ Financial, and also for supporting the finance-related needs of Union Settlement's program leadership team. The Chief Financial Officer is responsible for all the financial activities of Union Settlement, including but not limited to the agency's financial reports, budget, contract reimbursement claims, billings, and audits. The Chief Financial Officer is a member of the agency's senior management team and serves as a strategic partner in planning and implementing the future vision for the agency. The Chief Financial Officer must be both a hands-on worker and an excellent leader, supervising the BTQ staff and one in-house employee.
Responsibilities:
- Develops and maintains financial policies, procedures, protocols, and performance-based metrics to ensure company goals are met on a yearly basis.
- Reviewing all financial reports prepared by BTQ, including income statements, balance sheets, reports to funding entities, tax returns, and reports for government regulatory agencies, foundations and other public and private funders.
- Overseeing BTQ's handling of all accounting, budget and audit functions, including meeting regularly with Executive staff and department heads to keep them informed and to make recommendations regarding necessary fiscal actions.
- Reviewing cash flow, including overseeing BTQ's requests for government contract payments; Medicaid, managed care and commercial insurance billings; and management of accounts receivable and payable.
- Analyzing actual and projected government and private revenues and expenditures, including comparisons of such figures against budgeted amounts, and suggesting methods of improving cash flow and net income.
- Ensures appropriate controls and record-keeping procedures are in place to meet all statutory regulations, accounting standards, practices, and audit requirements.
- Collaborating with BTQ and outside auditors on all agency audits, including overseeing BTQ's preparation of worksheets, analyses, and audit statements.
- Working closely with and reporting regularly to the Finance and Audit Committee of Union Settlement's Board of Directors.
- Undertaking financial planning and analysis of agency programs, including relating to the sustainability of current programs and the evaluation of potential new programs.
- Analyzing the agency's operations to determine opportunities for cost savings and operational efficiencies.
- Conferring with the CEO, members of the executive team, program directors, and Board of Directors on budgeted and actual revenues and expenditures to coordinate and prioritize planning and expenditures.
- Consulting with the Board Investment Committee and the pension fund administrator on the investment of agency funds.
- Managing the agency's banking relationships.
- Ensuring that BTQ properly trains, supervises and motivates its staff to work collaboratively and produce high quality work, thereby maximizing the efficiency and effectiveness of the agency's financial operations.
- Evaluating the performance of the BTQ and Finance staff collaborating with internal departments and external agencies to facilitate program training.
- Ensuring that BTQ updates and maintains all agency fiscal policies and procedures manuals.
- Serving as a liaison with government and private funders on fiscal matters.
- Additional duties assigned by the CEO.
Qualifications:- Bachelor's Degree in Business Administration, Accounting, or Finance; CPA designation beneficial but not required.
- Significant experience in financial statement analysis and forecasting
- Knowledge of financial database and accounting software systems beneficial but not required.
- Significant experience in non-profit financial management in a social service agency with multi-source funding; experience with Medicaid, Medicare and/or managed care billing systems beneficial but not required.
- Ability to undertake and complete multiple tasks at the same time.
- Excellent verbal and written communication skills.
- Excellent analytical and organizational skills.
- Superior management abilities.
- Unquestioned personal and professional integrity.
- Innovative and analytic problem-solving abilities.
- A dedicated work ethic.
- A strong desire to help improve the lives of the residents of the local East Harlem community.
C OR E C O M P E T E N C I E S- Leading Others: Creates a sense of urgency throughout the organization on the importance of achieving outcomes. Inspires, influences, and enables team members to reach their goals
- Facilitating Change: Approaches challenges with creativity and flexibility. Demonstrates analytical thinking. Guides change to meet Union Settlement's goals.
- Managing Performance: Evaluates and revises goals semi-annually with the team. Provides consistent supervision and documents performance highlights and concerns
- Applying and Developing Expertise: Embraces and leads the team to achieve milestones. Seeks and supports professional development opportunities for team members. Manages finances and budgets effectively
- Communicating and Collaborating: Listens well and actively engages with others with honesty and integrity and holds team accountable to the same standard
