Chief Financial Officer


Westbrook, ME

Industry: Healthcare


11 - 15 years

Posted 230 days ago

  by    Erica Hill

This job is no longer available.


New Communities, Inc. (NCI), a Maine nonprofit health services organization, is seeking a dynamic and experienced finance executive to serve as the Chief Financial Officer. NCI provides assisted living and community support services for some of Maine's most vulnerable citizens. We create supportive communities by helping aging seniors, people living with mental health challenges and individuals with intellectual disabilities remain as active and engaged in their communities as possible. NCI's thirty programs are located throughout Maine from South Berwick to Bangor. We employ over 400 associates and have an annual operating budget of $20 million.

The CFO is responsible for planning, directing and coordinating all activities related to accounting, budgeting, financialreporting, debt management, cash management, regulatory compliance and external auditing to ensure the maximization and protection of NCI's assets.

Responsibilities include:

  • Developing organizational strategies by contributing financial and accounting information, analysis, and recommendations for strategic thinking and direction; establishing functional objectives in line with organizational objectives.
  • Developing new business opportunities by leveraging contacts, pursuing new opportunities for expansion and improving operational efficiencies through process improvements and rigorous financial monitoring.
  • Developing financial strategies by forecasting capital, facilities, and staff requirements; identifying financial resources; developing action plans.
  • Monitoring financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
  • Re-engineering processes to ensure that operations are efficient and support business objectives while ensuring best-practice controls are maintained.
  • Leading efforts to optimize use of recently implemented Blackbaud accounting system.
  • Completing required regulatory reports including MaineCare cost reports and grant applications and reports.
  • Direct management responsibilities for a team of three financeassociates.
  • Accomplishing finance strategies by communicating and enforcing values, policies, and procedures; recruiting, training, coaching, monitoring, appraising, and reviewing job contributions; planning and reviewing corporate compensation strategies.
  • Reporting financial information to CEO, Board of Directors and other stakeholders by collaborating with business partners to develop forecasts, analyze variances, and develop improvement plans.
  • Planning, organizing, and directing fiscal and management control functions to ensure the maximization and protection of assets


  • At least 10 years of financeexperience is progressive senior management / executive required. CFOexperience in a health care setting with MaineCare reimbursement experience (cost reports, rate setting) is highly preferred.
  • Master's degree in accounting, finance, business administration or related field is required.
  • Must have at least 5years of health care accounting experience.
  • Must have experience leading forecasting and corporate accounting functions, developing financialreporting and analytical processes and systems, and leading process improvement initiatives.
  • Must be flexible, creative, self-motivated, diplomatic, and a team player with the ability to build consensus and work well with all personality types. The CFO is a strategic partner and excellent communicator with strong operations, negotiating and facilitation skills who can effectively envision, develop, and implement new strategies to address complex issues that affect NCI.

NCI is looking for a unique individual who can work at varying levels including comfortably leading a strategic discussion with the Board of Directors as well as performing detailed analysis at the transactional level. If you are a superstar looking for an opportunity to positively impact the lives of some of Maine's most vulnerable citizens, a professional environment that values and recognizes your achievements, and to be part of a high-performing team of leaders, pleaseapply. In return, NCI provides a comprehensive total compensation package that includes a competitive salary and health, dental, and vision insurance benefits, as well as group life, short-term and long-term disability insurance benefits, a tax-deferred retirement plan with generous matching NCI contributions, tuition reimbursement, substantial paid time off and many other benefits. Relocation costs/moving expenses are not available for this position which is based in NCI's administrative office located in Westbrook, a suburb of Portland, Maine, 1 hour south of Augusta, Maine, and 1 hour north of Portsmouth, New Hampshire.

New Communities is an Equal Opportunity Organization and Affirmative Action Employer