Chief Financial Officer

Bay Cove Human Services, Inc.; Boston (MA); On-site; USD 90,000 - 160,000; Full time

Job summary

An established industry player is seeking a Chief Financial Officer (CFO) to oversee financial operations and ensure the organization's sustainability. This pivotal role involves strategic planning, budgeting, and compliance management, working closely with the CEO and Board of Directors. The ideal candidate will bring extensive experience in financial management, particularly within nonprofit sectors, and demonstrate strong leadership and analytical skills. This is a unique opportunity to contribute to a mission-driven organization dedicated to making a positive impact in the community.

Qualifications

• 15+ years of financial management experience, with 10+ years in senior management.
• Expertise in government contracting and nonprofit financial management.

Responsibilities

• Manage financial operations including accounting, budgeting, and forecasting.
• Develop financial strategies supporting the organization’s mission and goals.

Skills

Financial Management

Budgeting

Forecasting

Analytical Skills

Leadership

Communication

Education

Masters in Business Administration

Certification in Public Accounting

Job description

Bay Cove Human Services’ mission is to partner with people to overcome challenges and realize personal potential. Bay Cove pursues this mission by providing individualized and compassionate services to people facing the challenges associated with developmental disabilities, mental illness, substance use disorders, and homelessness at more than 175 program sites throughout Greater Boston and Southeastern Massachusetts.

Job Summary:

We are looking for a Chief Financial Officer (CFO) who will be responsible for managing the financial operations of the organization as well as ensuring the organization’s financial health and sustainability. This role is responsible for planning, directing and monitoring all accounting, payroll, financial management, budgets, forecasting, billing and contracts functions. The CFO will work closely with the CEO and Board of Directors to develop and implement financial strategies that support the organization’s mission and goals.

This is an exempt position.

Essential Functions of the Position:

Develop and implement financial strategies that support the organization’s mission and goals

Manage and oversee all financial operations, including accounting, budgeting, forecasting, and financial analysis

Ensure the accuracy and completeness of financial records, including the general ledger, accounts payable and receivable, payroll, and other financial systems

Prepare and present financial reports to the CEO and Board of Directors, providing analysis and recommendations as needed

Ensure compliance with all financial reporting and regulatory requirements, including tax filings, audits, and other reporting requirements

Manage relationships with external partners, including banks, auditors, and other financial service providers

Provide oversight of other real estate holding companies, leveraging knowledge of HUD funding and reporting requirements

Budgeting and Forecasting

Develop and oversee the annual budgeting process, working closely with program managers and other stakeholders to develop realistic and achievable budgets

Monitor actual performance against budget and provide regular updates and analysis to the CEO and Board of Directors

Develop and maintain financial forecasting models that support long-term financial planning and decision-making

Strategic Planning and Leadership

Work closely with the CEO and senior leaders to develop and implement strategic plans and goals that support the organization’s mission and vision

Lead the Finance Committee, collaborating with other committee members to provide strategic financial guidance and support to the organization

Provide leadership and mentorship to the finance team, fostering a culture of continuous improvement and professional development

Collaborate with other senior leaders to develop and implement strategies that support the organization’s mission and goals

Board Relations and Reporting

Report on the financial performance of the organization to the Board of Directors, including regular updates on budget performance, forecasts, and financial risks and opportunities

Collaborate with the CEO and Board of Directors to develop and implement financial policies and procedures that align with the organization’s values and strategic goals

Represent the organization at internal and external events and meetings, providing financial guidance and support as needed

Tax Filing and Compliance

Oversee all tax filings and compliance requirements, ensuring that the organization is in compliance with all relevant laws and regulations

Manage relationships with external auditors and other financial service providers to ensure compliance with all reporting and regulatory requirements

Job Requirements:

The ideal candidate will have at least 15 years of financial management experience with a minimum of 10 years in a senior management position along with Certification in Public Accounting, a Masters in Business Administration, or a Masters in a related field preferred

Expertise in government contracting, proven leadership skills, an ability to communicate effectively and strong analytical aptitude are all essential

Experience within a nonprofit organization is preferred

Proven track record of successful financial management, including experience developing and implementing financial strategies, managing budgets, and overseeing financial reporting and compliance

Strong leadership and management skills, with experience building and leading high-performing teams

Excellent analytical, problem-solving, and decision-making skills

Strong communication and interpersonal skills, with the ability to communicate financial information to non-financial stakeholders

Passion for the mission and work of the organization

Bay Cove Human Services is an Equal Opportunity Employer and does not discriminate on the basis of race, ethnicity, religion, sex, gender identity or expression, national origin, sexual orientation, disability, age, veteran status, or any other groups as protected by Massachusetts or federal law. All qualified candidates, regardless of background, are encouraged to apply.

Bay Cove Human Services does not offer visa sponsorships at this time and will require candidates to be authorized to work in the United States.