What are the responsibilities and job description for the CHIEF FINANCIAL OFFICER position at A Hiring Company?
If you are looking to make an impact by helping others, then Preferred Behavioral Health Group is the place for you! By joining our award-winning team, you will become part of the premier behavioral health organization in New Jersey. PBHG is a dynamic and innovative non-profit organization that was proudly named one of "THE BEST PLACES TO WORK IN NEW JERSEY" for 2024 by NJBIZ! Our mission is to change lives and save lives across the state of New Jersey through a Trauma Informed Care culture.
Our staff is at the core of everything we do. We are dedicated to building a diverse team where employees feel a sense of belonging and are valued for their individual contributions. We encourage staff development and embrace a growth mindset. If you are interested in pursuing an exciting and rewarding career while being part of a recognized “Best Place to Work”, please submit your resume today for consideration!
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Job Title: Chief Financial Officer
Location: Main Office 52 Hyers Street, Toms River, New Jersey
Position Type: Full Time
Job Description/Summary
Responsible and accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve PBHG and its affiliates’ assets and report accurate financial results.
Responsibilities
• Formulates strategic direction and supports tactical initiatives for the organization in partnership with the CEO and Administrative team.
• Monitors and directs the implementation of strategic business plans.
• Develops financial strategies focused on measurable unit costs and operating margins.
• Creates and manages the capital request and budgeting processes.
• Develops performance measures that support PBHG’s strategic direction.
• Work collaboratively with CEO and executive leadership team to achieve organizational goals and objectives.
• Attends all required trainings and meetings as directed.
• Operational Focus:
o Participates in key decisions as a member of the administrative team.
o Maintains in-depth relations with all members of the administrative team.
o Oversees the accounting department operations and staff.
o Maintains communications and reporting responsibilities to affiliate organizations.
o Manages any third-party vendors for outsourced functions.
o Implements financial and operational best practices for the organization.
o In cooperation with Human Resources, manages employee benefit plans to minimize costs and maximize value.
• Financial Reporting:
o Oversees the issuance of financial information in a timely manner.
o Reports financial results to the Board of Trustees, including the Finance and audit subcommittees.
o Responsible for producing meeting minutes for the aforementioned subcommittees.
• Risk Management:
o Understands and mitigates key elements of the organization’s risk profile.
o Constructs and monitors reliable control systems.
o Maintains appropriate insurance coverages.
o Ensures that PBHG and its affiliates comply with all legal and regulatory requirements.
o Ensure that recordkeeping meets the requirements of auditors and government agencies and funders.
o Reports on risk issues to the audit committee of the Board of Trustees.
o Maintains relations with external auditors and researches/acts on their findings and recommendations.
• Funding Responsibilities:
o Monitors cash balances and cash forecasts.
o Arranges for debt and equity financing as needed.
o Make recommendations to the Board of Trustees regarding investments.
• Third Party Relationships:
o Maintain effective banking relationships.
o Represent PBHG and its affiliates with investment bankers and investors.
o Represent PBHG and its affiliates with all public and private funders.
o Participate in trade organization and funding meetings as required.
Competencies
• Practices a trauma informed philosophy as demonstrated through behaviors and communications, embracing it as a cultural value.
• Excellent verbal and written communication skills necessary.
• Strong interpersonal and supervisory skills necessary.
• Knowledge of Traverse MAS500 software and experience with electronic health records preferred.
• Demonstrates familiarity with organizational policy and procedure.
Qualifications
• Education: Master’s degree in Business Administration, Finance or Accounting preferred.
• Licensure: Certified Public Accountant preferred.
• Experience: Minimum of 10 years’ progressively responsible experience in a large nonprofit or healthcare organization. Proven expertise with managed care contracts, grant management, billing practices and CPT codes required. Must have experience partnering with an executive team to achieve organizational goals and objectives.
Comprehensive Benefits Package:
o Medical and Dental Insurance
o 403(b) Retirement Plan
o Paid Time Off and Paid Holidays
o Disability and Life Insurance
o Health Savings Account and Flexible Spending Account
o Employee Assistance Program
o Voluntary Benefits, such as Vision Insurance, Aflac, Pet Insurance
o Training opportunities
o Employee Referral Bonus program
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