GENERAL DESCRIPTION OF POSITION
This position is responsible for the direct management of Brighton Center’s financial activities, ensuring integrity of all financial transactions, financial reporting and budgeting, strengthening revenue cycle management, building financial sustainability, third party billing and contracting, oversite of capital growth projects, fiscal compliance, credit and treasury and safeguarding the assets of the organization. The CFO is the staff liaison to the Board of Director’s Finance Committee providing analysis for adequate oversight and decision making related to fiscal responsibility of the Board. The CFO directly supervises the Accounting Manager and is responsible for the performance of the billing and accounting teams.
This position requires face to face interactions with co-workers, families, children and the general public on a daily basis to accomplish all essential functions of the position.
- FINANCIAL MANAGEMENT: Provides high level oversight of all financial data and reporting for the agency and ensures the appropriate financial policies, internal controls, procedures and infrastructure necessary to provide accurate and reliable data are developed and implemented consistently. Directs the center’s financial planning, revenue cycle, and accounting practices. Accountable for annual budgetary process and regular analysis of on-going operations relative to budget. Utilizes audit tools and data analysis to prepare accurate and timely reports related to measuring objectives and tracking outcomes as required for program and revenue management. Establishes financial metrics and responsible for comparing results to appropriate benchmarks to ensure efficient utilization of resources and to enhance the financial position of the organization. Reviews, interprets and analyzes financial and statistical data and advises the CEO, Board of Trustees and Department Managers on all matters and conditions in financial areas. Analyzes and interprets to the Board of Directors, Finance Committee, and leadership team the financial implications of growth opportunities, monthly financial statements, and other initiatives. Supervises the analysis of costs and makes rate recommendations to ensure appropriate income/cash flow. Reviews billing/collection patterns and makes corrective recommendations. Interprets and enforces third-party payer rules and regulations. Negotiates rates with third party payors to ensure revenue goals are achieved and monitors adherence of contractual payments. Ensures related necessary cost reporting/billing is performed. Maintains working knowledge of the electronic billing software system and its capabilities. Supervises the preparation of all regulatory reports (i.e. MEI Cost Report, CACFP, Medicaid, IRS Form 990, state tax returns, etc.). Negotiates and monitors borrowing requirements with financial institutions. Acts as a fiduciary for the 403b Retirement plan for the agency. Engages with other CFOs to understand financial management best practices and legislative changes to insure compliance with all regulatory and administrative guidelines. Leads the Finance Committee of the Board by making recommendations on financial matters including selection of the annual audit vendor and manages the relationship with the selected company. (35%)
- STRATEGIC AND FINANCIAL PLANNING: Accountable for strategic business development including active participation in all business planning and oversight of new business analysis. Studies long-range economic trends and local market analytics to project future program growth opportunities and revenue areas. Conducts long-term budgetary planning and cost management in alignment with the organization’s strategic goals. Responsible for the analysis of new business ventures and related return on investments analysis. Will in coordination with the CEO, pursue all activities to expand the programs and related revenue, including but not limited to, enhanced education and training related to rules and regulations, monitoring and providing oversight into fiscal related compliance issues, and pursing all avenues of funding available to non-profit organizations. Analyzes data and recommends methods of improving business models to ensure financial sustainability and make recommendations to pinpoint opportunities to retool the business model, down size or eliminate lines of business. Conducts necessary research for capital expenditure financing and makes recommendations to CEO and Finance Committee to ensure adequate cash flow during capital expansion. Develops annual departmental strategic initiatives to ensure achievement of those goals and monitors progress toward goals. Makes proactive recommendations for potential departmental modifications to ensure effective and efficient achievement of program and agency goals. Studies and reports long range economic trends and projects company prospects for the future growth in revenue, opportunities for expansion of current services or opportunities to add new services for growth and/or sustainability. Estimates requirements for capital, land, buildings, and an increase in workforce based on recommendations. (30%)
- DIRECT LEADERSHIP: Provides leadership to the Accounting Manager and accounting and billing teams to ensure alignment with the Brighton Center mission. Ensures all program staff understand and implement Brighton Center’s core values and have the appropriate training to carry out their individual responsibilities. Leadership demands direct supervision and performance management of the Accounting Manager to include oversight of their workload, professional development, succession planning, staff accountability and compliance, coaching and counseling and all responsibilities necessary to support program staff. Attracts, develops, coaches, trains, and retains high-performance team members, empowering them to elevate their level of responsibility, span of control and performance. Provides leadership in the development of inter-term communication and cohesiveness, sustaining culture and supporting staff during organizational growth. (25%)
- Participation on the Brighton Senior Leadership Team, its efforts and necessary reports. Works collaboratively to integrate cross departmental activities and organizational functions including staff and agency special events. (5%)
- Other duties to support the development of the organization, C.E.O. and Board of Directors as necessary. (5%)
- Required Minimum: Bachelors in Business Administration, Accounting, Finance, Administration or related discipline with a minimum of 8-10 years’ experience in accounting, financial operations, financial analysis and financial reporting. Proficiency in complex analysis using Excel, Access or other databases and accounting software packages. 5+ years’ experience overseeing a budget of $5M or greater.
- Preferred: Certified Public Accountant. Experience overseeing insurance contracts and third-party billing. Experience with capital/interim financing and investments.
- Ability to demonstrate understanding and apply our Core Values which are at the heart of our organization and are embedded in all roles.
- High quality of work, organization and planning skills, problem solving and decision-making skills, self-improvement and initiative, adaptability and flexibility, excellent communication skills, ability to work well with others and independently and professionalism.
- Ability to deal with all employees and external business contacts while conveying a positive, service-oriented attitude.
- Ability to maintain data quality/integrity.
- Demonstrates problem-solving skills.
- Ability to multitask between dual monitor screens and multiple programs.
- Ability to maintain confidentiality and discretion in business relationships and exercise sound business judgment.
- Ability to perform duties with speed and accuracy without immediate and constant supervision.
- Client-centered awareness, knowledge and abilities.
- Ability to communicate effectively (written and verbal) with families, staff, board and community members.
- Ability to make effective presentations on behalf of the organization both internally and externally.
- Ability to work with others in a supportive, professional and collaborative manner.
- Ability to maintain a good working relationship with all co-workers and the general public and to use good judgment in recognizing scope of authority.
- Ability to proactively address conflict and seek timely resolution.
- Demonstrates behavior that is professional, ethical and responsible.
- Possess leadership and business understanding such as planning and finances.
- Knowledge and ability to supervise staff, administration and reporting, identifying the needs of the administration and provide leadership and direction.
- Ability to work well independently and maintain an organized office.
- Ability to lead direct staff to outcomes set forth by strategic goals.
- Demonstrates personal accountability for leadership and effectiveness while holding others accountable as well.
MENTAL & PHYSICAL DEMANDS
- Ability to analyze data, compute and compile reports.
- Ability to maintain emotional control under stress and empathize with staff, leadership, vendors, board and families we serve.
- Ability to use critical thinking and problem-solving skills for effective decision making and judgment.
- Ability to ensure personal accountability.
- Ability to flexible work hours including evenings and weekends as required.
- Ability to lift and/or move up to 40 lbs.
- Ability to drive personal vehicle on occasion and have/maintain personal auto liability insurance.
- Ability to remain seated for extended periods of time.
- Ability to monitor a computer screen for extended periods of time.
TOP SKILLS & COMPETENCIES:
- Managing Vision & Purpose
- Organizational Agility
- Managing through Processes and Systems
- Strategic Agility & Innovation
- Integrity & Trust
- Decision Quality & Problem Solving
- Managing Relationships
- Personal Learning & Development
- : Brighton Center
- : 08/31/2018
- : Marisa Stewart
- : firstname.lastname@example.org
- : 2108264492