Chief Financial Officer
Chief Financial Officer
About the Role
Greater New York City Area (5 Boroughs);
Greater New York City Area (5 Boroughs)
SCOPE AND RESPONSIBILITIES: The Chief Financial Officer is responsible for all aspects of financial and fiscal management of Damian Family Care Centers, Inc. He or she will provide leadership and coordination in the administrative, business planning, accounting, and budgeting processes of the organization. He or she will develop tools and systems to provide critical financial and operational information to the President and CEO and make actionable recommendations on both strategy and operations. He or she will also oversee long-term budgetary planning and costs management in alignment with DFCCs’ strategic plan. Specific responsibilities include the following: Executive Management: • Serve as a member of executive leadership team. • Participate in key decisions pertaining to strategic initiatives, operating models, and operational execution. • Work with the Strategic Planning Committee of the Board of Directors, providing data, analysis, situational scenarios and structure to the discussions. • Supporting and partnering with the President and CEO on major strategic initiatives. Financial Planning and Analysis: • Prepare and maintain regular financial planning reports; complete analysis of financial results; develop recommendations (strategic and tactical). • Assist in development of organizational business plans. • With the President and CEO, evaluate potential acquisitions and provide support to the board and CEO during the acquisition process. Finance: • Oversee cash flow planning and ensure availability of funds as needed. • Oversee cash and asset management. • Oversee financing strategies and activities, as well as banking relationships. • Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans. Planning and Policy: • Coordinate the development and monitoring of budgets. • Develop financial business plans and forecasts. • Participate in corporate policy development as a member of the senior management team. • Engage the Finance Committee of the Board of Directors to develop short-, medium-, and long-term financial plans and projections. • Represent the company to financial partners, including financial institutions, auditors, etc. • Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations. Accounting and Administration: • Oversee the accounting department to ensure proper maintenance of all accounting systems and function. • Ensure maintenance of appropriate internal controls and financial procedures. • Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, and Board of Directors; oversee the preparation and communication of monthly and annual financial statements. • Ensure legal and regulatory compliance regarding all financial functions. Team Management: • Mentor, develop, and supervise staff within CFO span of control for: work allocation, problem resolution, performance evaluation, and the building of an effective team dynamic. Accounting Activities: • Oversee preparation of month-end, quarter-end, and year-end financial statements. • Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation. • Enhance and implement financial and accounting systems, processes, tools, and control systems. • Review rate adjustments proposed by the State, Federal, and City agencies and respond as appropriate. • Understand all aspects of Federally Qualified Health Centers. • Coordinate efforts to maximize third party reimbursement (i.e. Medicaid, Medicare, Sliding Fee Schedule, Capitation Fees and private insurance). • Directly participate in the analysis of third party payer contracts including filing for rate increases. • Manage all financial aspects of local, State, and Federal grants including required reporting. • Serve as final point of decision-making for Accounts Receivable/Accounts Payable issues. • Develop, manage, and evaluate Finance Department staff. • Serve as a key point of contact for external auditors; manage preparation and support of all external audits. Cash Management: • Oversee weekly cash management; approve weekly payables; execute check signing. • Oversee AR management and provide support to collections activities. Insurance/Real Estate/Legal Affairs: • Manage the company’s insurance program. • Manage the company’s real estate affairs consisting of leases and sub-leases. • Negotiate new leases or lease renewals; coordinate with legal counsel. KEY SELECTION CRITERIA: The Chief Financial Officer will have leadership experience in not-for-profit human service organizations, with increasing levels of responsibility; or, similar or related experience in other complex, social service or philanthropic organizations that deliver services to the public or someone within a health related consulting firm. The successful candidate must have a strong record of financial planning, analysis, and accounting. The ability to learn quickly and understand the NYC region and the communities served is essential. Alternatively, a for-profit financial executive with a longterm commitment, as demonstrated by volunteer and board service, to the mission and values of health services for underserved populations, will be considered.
- Finance required
Less than 10%
About the Company
Not-for-profit primary medical health center & dental care services provider, striving to improve the health status of every patient regardless of one’s ability to pay. The Mission of Damian Family Care Centers, Inc. is to improve the health status of our patients, provide staff who are culturally sensitive and appropriately credentialed to diagnose and treat our patients, provide care to the underserved populations, and provide safe quality primary and specialty care services regardless of language, culture barriers or the ability to pay. As a Federally Qualified Health Center (FQHC) Damian Family Care Centers, Inc. participates in the federal medical professional liability program known as the Federal Tort Claims Act (FTCA).
Hospital & Health Care