Chief Financial Officer

Victory Programs Inc•Boston, MA

5d•Onsite

About The Position

Victory Programs, a Boston-based nonprofit with 50 years of history, is seeking a Chief Financial Officer (CFO) for an immediate opening. With annual revenues exceeding $30 million, the CFO will play a pivotal role in ensuring the organization's financial health, growth, and sustainability. This position aligns financial strategy with the mission of providing comprehensive, high-quality care to underserved populations. The CFO will be responsible for managing all financial functions, including financial planning, accounting, budgeting, financial reporting, billing matters, and internal controls. The ideal candidate will possess experience in nonprofit finance, excellent leadership abilities, and a strong commitment to improving health and housing access for underserved communities. The CFO will be a key member of the leadership team, collaborating with the CEO, Executive Leadership Team, and Board of Directors to ensure long-term sustainability and contribute significantly to the mission. The CFO oversees the agency's accounting and financial management systems, including payroll, accounts receivable, billing, and accounts payable. The CFO reports directly to the President and Chief Executive Officer and works closely with the Chief Operating Officer.

Requirements

A Bachelor's degree is required.
A minimum of five years of supervisory experience, ideally in a non-profit or government agency.
At least seven years of extensive experience in general ledger accounting and/or cost accounting.
In-depth knowledge of accounting software systems, including payroll, accounts payable, and accounts receivable, with a preference for Billing Central and Paylocity.
Familiarity with state, city, and federal regulations and compliance standards.
Proficiency in Google Suite and Microsoft Office applications.
Strong problem-solving and creative skills.
Ability to exercise sound judgment and make decisions based on accurate and timely analyses.
Effective communication and project management skills at all organizational levels and with staff in multiple off-site locations.
Ability to meet deadlines consistently.
Capability to work both independently and collaboratively as part of a team.
Strong interpersonal, organizational, and writing skills.
Must possess current CPR certification (can be obtained upon hire).
TB screening must be completed (can be obtained upon hire).
Three professional references from previous work, with at least two from managers or supervisors.

Nice To Haves

Advanced study or a Master's degree is preferred.

Responsibilities

Develop and implement the organization’s financial strategy, in alignment with its mission, vision, and long-term goals.
Provide strategic guidance to the CEO and Board of Directors on financial decision-making.
Lead and manage the finance team to ensure efficient financial operations, including billing, accounts payable, and payroll.
Foster a culture of financial transparency, collaboration, and accountability across the organization.
Oversee the preparation and analysis of monthly, quarterly, and annual financial statements.
Prepare detailed and accurate financial forecasts, budgets, and cash flow projections.
Monitor financial performance against budget, analyze variances, and make recommendations for corrective actions.
Provide regular reports to the CEO, Board, and other stakeholders on financial status, forecasts, and key performance indicators (KPIs).
Ensure compliance with all federal, state, and local regulations, including grant-specific reporting requirements.
Oversee audits, tax filings, and other external reporting, ensuring accurate and timely submissions.
Assess and mitigate financial risks, ensuring robust internal controls, fraud prevention measures, and financial governance policies.
Manage the organization’s relationships with external auditors, regulatory agencies, and other financial stakeholders.
Lead the annual budgeting process in collaboration with department heads and senior leadership.
Develop financial models and recommend appropriate resource allocation strategies to optimize program delivery.
Support and guide department managers in managing budgets, tracking expenses, and maximizing financial efficiency.
Oversee all aspects of the organization’s revenue cycle, including billing, reimbursement, and collections.
Ensure adherence to federal and state guidelines, and identify opportunities for improved revenue cycle processes.
Lead initiatives to improve payer mix, maximize revenue, and reduce denials.
Develop and assess financial plans for the organization’s growth, including opportunities for expansion, grant funding, and new services.
Analyze potential mergers, acquisitions, partnerships, and joint ventures from a financial perspective.