Job Title: Chief Financial Officer
Job Type: Full Time
Location: Worcester, MA
Ascentria Care Alliance employees and volunteers take pride in the impact they have on the people they serve. It’s more than just a job, it’s an opportunity our employees have to care for and share in the lives of people who greatly need and appreciate their presence. Ascentria Care Alliance focuses on every child, elder, disabled person, refugee, endangered teen or teenage mom in order to build stronger communities one person at a time. This is an excellent opportunity to enhance the operations of a $75M non-profit social services organization with programs throughout New England.
Directly reporting to the CEO, the Chief Financial Officer (CFO) is responsible for providing strong, forward-thinking and sound financial management leadership and direction to the organization. In addition, the CFO translates the organization’s vision and strategic planning efforts into sound financial practices. These include oversight of the organization’s audit process, and providing timely, accurate, and relevant financial data to all key stakeholders, including senior leadership, the board of directors and department managers in support of effective operational planning and decision-making. As the leader of a finance and information technology department of 25, the CFO works to creative effective and efficient, high-performing teams to ensure that the financial needs of the organization and its subsidiaries are met. Our CFO will elevate our fiscal resources and information systems to position Ascentria to successfully carry out its vision and mission for the twenty-first century.
- Assume a key role in annual planning/budgeting and in monitoring revenue and expenditure against budget.
- Continuously update/improve accounting and financial tools and systems to provide critical financial and operational information; make actionable recommendations on both strategy and operations.
- Streamline and automate financial process and supporting systems, refining processes, developing user-friendly manuals and training programs, and deploying supporting technology.
- Engage the board finance and audit committees around relevant issues, trends, and changes in the operating model(s) and operational delivery.
- Participate in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants as needed (auditors, advisors).
- Lead and coordinate all audit activities; prepare for and manage all external audits.
- Provide routine assessments of organizational performance against the annual budget and Ascentria’s long-term strategy.
- Mentor and develop a strong team of direct reports; manage work allocation, coach and train, collaboratively problem-solve, conduct regular performance evaluations, and guide larger, cross-departmental teams outside of direct span of control.
- Ensure timeliness, accuracy, and usefulness of project based financial reporting for internal management and external use according to donor guidelines (US Federal, private foundations, etc.)
- Oversee the preparation of monthly, quarterly and annual financial statements.
- Coordinate and manage audits and proper filing of tax returns.
- Ensure legal and regulatory compliance with regard to all financial functions.
- Oversee cash, including flow planning and investment and asset management.
- Oversee financing strategies and activities including banking relationships.
- Develop and utilize forward-looking, predictive models and activity-based financial analyses to guide business operations and planning.
- 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, auditors and community partners.
- Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations.
- Conduct negotiations on financial management elements of agreements with donors and partners.
- Identify, design, and implement innovative results-based approaches to conducting business.
- Maintain an environment of excellence and a “can do” culture that facilitates the finance department and Ascentria’s success.
The CFO is a seasoned and mature leader with at least 10-15 years of broad finance experience. S/he will have experience managing finance (accounting, budgeting, control, and reporting) for a complex nonprofit organization with multiple funding sources including State and Federal government, foundations, donors, etc. The CFO will have the following experience and attributes:
- A CPA and/or MBA is required.
- At least five years’ experience as CFO or equivalent position in a nonprofit organization with a budget of $25-$100 million.
- Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies.
- Significant experience in or knowledge of nonprofit accounting, including sophisticated fund and grant accounting, compliance, and reporting.
- Experience streamlining and automating financial processes, including refining processes, developing user-friendly tools and training programs, and deploying suitable technology.
- Deep knowledge and understanding of the Office of Management and Budget Circular A133 audit.
- Experience working with information technology staff to manage finance and accounting software packages.
- Extensive knowledge of and experience with contract management, budgeting.
- Knowledge of funding sources, and regulatory requirements, including cost reimbursement contracts and the OMB (Office of Management and Budget) cost principles.
- Knowledge of or experience with completing a federal indirect cost report application.
- Strong knowledge of and ability to run and supervise accounting systems software. Familiarity with the Abila System is a plus.
- Excellent written and oral communication skills.
- Demonstrated management skills in supervising staff and establishing a strong and effective finance department team.
- Proven problem solving skills, ability to work under pressure and meet timelines in a highly complex and fast-paced environment.
- Excellent analytical and abstract reasoning skills, plus excellent organization skills.
- Excellent relationship building skills with an ability to establish rapport and credibility with a broad group of internal and external stakeholders.
- Ability to travel across Ascentria’s office locations as needed for meetings. (Travel up to 20%)