Connecticut Renaissance, Inc. – Chief Financial Officer (CFO)
Connecticut Renaissance is seeking an accomplished individual to serve as its new Chief Financial Officer (CFO). The ideal candidate will have experience with running financial operations in the nonprofit sector and ideally with finance/accounting experience in the health and human services field. The CFO will have overall managerial responsibility for Connecticut Renaissance’s accounting, budgetary, and is also supporting operations and programs. The CFO will have primary responsibility for all contractual matters and will serve as part of the Executive Management Team. Candidates must have proven experience managing the financial and accounting departments for a similar nonprofit, health and human services agency, or in the behavioral health sector. The CFO will carry out all executive duties and responsibilities which are listed in the full position description below.
Since 1967 Connecticut Renaissance has provided quality substance abuse and mental health treatment to men, women, and adolescents in southwestern Connecticut. In 2017 Connecticut Renaissance began an exciting new chapter with the hiring of new CEO, Kathleen Deschenes and relocating to the new Administration office in Shelton. In the near future, Connecticut Renaissance will embark on a new strategic plan and develop new services lines.
Through programs run by a compassionate, committed, results-oriented team of counselors, therapists, and administrators, Renaissance has earned the reputation as a leader in Evidence-Based Treatment practices and continues to break new ground in the areas of positive outcomes, outreach, research, and community involvement.
Headquartered in Shelton, Connecticut Renaissance maintains facilities in Bridgeport, Norwalk, Stamford, and Waterbury. The mission of the organization is to help people begin the journey toward recovery from substance abuse, mental health and/or other behavioral health issues and to assist in improving their quality of life. At Renaissance, our ultimate goal is to assist clients to lead healthy, productive and happy lives.
The Chief Financial Officer (CFO) is responsible for all aspects of the financial operations for the agency. Reporting directly to the Chief Executive Officer (CEO), the CFO provides accounting, budgetary, operational and programmatic support to all agency programs and activities. The CFO directly oversees and supervises the financial/accounting staff and other departments as directed by the CEO. The CFO is the primary agency contact for all contractual matters, proposals for new or extended programs and new business development. The CFO serves as an active member of the Executive Management Team helping to develop and implement the agency’s vision and mission.
Essential Duties and Responsibilities:
- Actively manage the day to day accounting and financial operations of the agency.
- Develop budgets for the agency as a whole, individual programs and new/proposed/expanded services, including the preparation of budget revisions as needed.
- Prepare, analyze and present monthly financial reports for the agency, its programs, and activities.
- Report on financial results and issues to the CEO and Board of Directors.
- Oversee and review the preparation of all program financial reporting required for funding sources.
- Manage the Billing, Accounts Receivable and Accounts payables functions/staffs and the integration of billing information from the Electronic Health Record system into the accounting system.
- Provide day to day financial management of the Connecticut Renaissance Fund, Inc. (Fund) and the Connecticut Renaissance, Inc. VEBA Trust (VEBA).
- Oversee the agency’s banking activities and actively manage cash flow to ensure it meets agency needs.
- Manage the negotiation and execution of agency contracts with funding sources, vendors and collaborative service providers.
- Manage accounting control systems and internal audits enduring the accurate and timely production of accounting information and financial reports.
- Monitor changes in legal, regulatory and administrative environments and implement changes in procedures and needed to maintain compliance while maximizing operational and financial results.
- Manage the agency’s liability insurance program, including ongoing risk analysis.
- Review efficiency/effectiveness of employee benefit programs, seeking approaches to lower costs where possible and consistent with required quality levels.
- Serve as the agency’s primary liaison with its independent Auditor to ensure the annual audit is completed smoothly and in a timely manner.
Required Knowledge, Skills, Abilities and Other Characteristics:
- General accounting and financial reporting procedures in accordance with the State of Connecticut OPM Cost Standards, GAAP, and OMB Circulars A-133 and A-122.
- State of Connecticut contract/grant budgeting/reporting procedures and requirements.
- Human Resources related laws, regulations and practices.
- Payroll reporting and processing of payroll taxes.
- Employee benefits, including the management of health care and retirement plans.
- Current Health Care sector environment and trends.
- Electronic Healthcare Record system.
- General office software, particularly Microsoft Office Suite, and accounting software packages.
- Manage and oversee all aspects of the financial/accounting management function.
- Create, analyze and report on financial statements and budgets.
- Supervise staff, develop job descriptions and provide performance evaluations and improvement plants.
- Analyze and solve problems effectively and efficiently.
- Communicate effectively both verbally and in writing.
- Work well with, and be responsive to the needs of, internal and external customers, including the Board of Directors, funding sources, other provider organizations and Renaissance Program Directors.
- Manage priorities effectively to meet deadlines and demonstrate multi-tasking skills.
- Assimilate new information and technology.
- Foster and cultivate business opportunities and partnerships.
Education and Experience:
- Undergraduate degree from an accredited college or university; with Master’s degree preferred.
- Five to seven years of senior management experience with organization with operations in excess of $5 million per year and over 100 employees in the health care sector, preferably with a non-profit agency.
- Managerial experience with non-profit social service and/or health care agency providing services under contract with the State of Connecticut a plus.
- Certified Public Accountant designation a plus.
- Must be: highly ethical with a high level of integrity; self motivated; dependable and reliable; detailed oriented ; able to interface easily with staff, other senior management personnel and funding sources.
- Must be able to interface easily with staff, other senior and executive management personnel and funding sources.
- Must be able to meet routine office physical demands including climbing stairs, carrying up to 20 pound objects and possessing the dexterity and vision to operate office computers and equipment.
- Must possess a valid driver’s license.