Chief Financial Officer

Chief Financial Officer

Position Summary

The Chief Financial Officer (CFO) will direct and oversee the financial activities of the agency, including the preparation of current financial reports and summaries, and the creation of forecasts predicting future growth. The CFO will oversee the accounting department, budget preparation, and audit functions. Additionally, the CFO will supervise the Chief Technical Officer and Chief Compliance Officer, ensuring effective risk management strategies are in place. The CFO will work with other department heads to monitor each department and make recommendations, ensuring alignment with the organization's overall goals and compliance requirements.

In this executive role, the CFO will be responsible for developing and implementing financial strategies that support the agency's mission and objectives. This includes managing financial risks, ensuring regulatory compliance, and optimizing financial performance through strategic planning and analysis. The CFO will also play a key role in organizational development, providing leadership and mentorship to the finance team and fostering a culture of continuous improvement.

The CFO will collaborate with the Chief Executive Officer and other senior leaders to drive the agency's financial success and sustainability. This includes identifying opportunities for growth, managing financial resources effectively, and ensuring that the agency's financial practices are robust and resilient. The CFO will also be responsible for communicating financial performance and strategy to the board of directors and other stakeholders, ensuring transparency and accountability.

Key Responsibilities

• Directs the preparation of all financial statements, including income statements, balance sheets, and tax returns. Collaborates and supervises the Organizational Fiscal Year Budgets with Senior Leadership and Finance team.

• Monitor business performance with tracking tools, establish corrective measures as needed, and prepare detailed reports for the management team, and the rest of the agency.

• Develop, review, and implement policies and procedures for the department's financial operations.

• Ensures compliance with professional accounting standards, rules, regulations, and laws by directing, supervising, and facilitating the preparation and maintenance of required and appropriate financial records, monthly and annual financial reports, and all other financial reporting as may be required by federal, state, local agencies, or established accounting standards.

• Supervise the Chief Technical Officer and Chief Compliance Officer, including oversight of Risk Management. This includes ensuring that risk management strategies are in place and effective, and that both departments are aligned with the organization's overall goals and compliance requirements.

• Coordinate with other department heads to ensure that financial strategies and operations align with overall organizational goals. This includes collaborating on budgeting, forecasting, and financial planning to support the agency's strategic objectives.

• Lead and develop the finance team, providing mentorship and professional development opportunities. This involves setting performance goals, conducting regular evaluations, and fostering a culture of continuous improvement.

• Identify and mitigate financial risks. This includes developing risk management strategies, conducting regular financial audits, and ensuring that the agency's financial practices are robust and resilient.

• Drive financial performance through strategic planning and analysis. This involves analyzing financial data, identifying trends and opportunities, and making recommendations to improve financial performance.

• Collaborate with external stakeholders. This includes engaging with financial institutions, auditors, regulatory bodies, and other external partners to ensure compliance, secure funding, and support the agency's financial health.

• Perform other related duties as assigned.

Competencies

• Excellent management and supervisory skills.

• Excellent analytical and organizational skills.

• Proficient in database and accounting computer application systems.

• Excellent written and verbal communication skills.

• Exceptional analytical skills, including the use of data-driven methodology and financial strategy to navigate complex, changing landscapes.

• Significant technical expertise, including substantial budget acumen and accounting/financial experience.

• Expertise in OPWDD funded programs and Self-Directed Fiscal Intermediary Contracts.

• Exemplary leadership skills required to develop, coach, empower, motivate, and manage staff.
• A strong and enduring commitment to continuous improvement through business process re-engineering, implementation of innovative technology, organizational change management, and adherence to best practices.
• Advanced knowledge of risk management principles and practices. This includes the ability to identify, assess, and mitigate financial risks, and to develop and implement effective risk management strategies.

• Strong strategic planning and financial analysis skills. This involves the ability to analyze financial data, identify trends and opportunities, and make recommendations to improve financial performance.

• Proficiency in regulatory compliance and governance. This includes ensuring that the organization adheres to all relevant laws and regulations and maintaining exact standards of corporate governance.

• Excellent interpersonal and collaboration skills. This involves working effectively with other department heads and stakeholders to achieve organizational goals.

• High level of integrity and ethical standards. This includes maintaining confidentiality, demonstrating honesty and transparency, and upholding the organization's values and principles.

Education and Experience Requirements

• Master's degree in business administration, Accounting, or Finance required.
• Certified Public Accountant designation preferred.
• Eight to ten years of experience in fiscal management required.
• Understanding of advanced accounting, regulatory issues, and tax planning
• Experience in Contracts Administration and Medicaid Funded Programs

Salary and Benefits

$240,000-$260,000

Comprehensive Benefits Package offering medical/hospitalization, dental, vision.

Short- and Long-Term Disability

401(k) Retirement plan; generous time off benefits.

Tuition Reimbursement

Professional development opportunities.

CFS is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, marital status, age, physical or mental disability, disability or veteran status, or any other category protected by applicable federal, state, or local laws.

Please submit your resume and cover letter for consideration to melsingleton@cfsny.org.

Leader - Inspires teammates to follow them
Team Player - Works well as a member of a group
Innovative - Consistently introduces new ideas and demonstrates original thinking
Detail Oriented - Capable of carrying out a given task with all details necessary to get the task done well
Functional Expert - Considered a thought leader on a subject

Ability to Make an Impact - Inspired to perform well by the ability to contribute to the success of a project or the organization
Goal Completion - Inspired to perform well by the completion of tasks
Financial - Inspired to perform well by monetary reimbursement

Masters of Finance (required)
Masters of Business Administration (required)

10 years: Master's degree in business administration, Accounting, or Finance required. Certified Public Accountant designation preferred. Eight to ten years of experience in fiscal management required. Understanding of advanced accounting, regulatory issues, and tax planning Experience in Contracts Administration and Medicaid Funded Programs (required)