Chief Financial Officer

Description

Victory Programs, a Boston-based nonprofit, has been a beacon of hope for individuals and families in crisis for 50 years. Our long history reflects our unwavering commitment to stability and support. Each year, thousands turn to us for shelter, sustenance, recovery, care, and compassionate, professional assistance. Our impact is significant and inspiring. Our team of over 350 staff members across nearly 30 programs works tirelessly to develop and implement creative, safe solutions for genuine challenges faced by those we serve.

Victory Programs is seeking a Chief Financial Officer (CFO) for an immediate opening in our central Jamaica Plain office. With annual revenues exceeding $30 million, the CFO plays a pivotal role in ensuring the organization's financial health, growth, and sustainability. This position transcends numbers; it aligns financial strategy with our mission of providing comprehensive, high-quality care to underserved populations, making it a role of great significance.

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.

Victory Programs' next Chief Financial Officer will have the unique opportunity to join an established and respected organization dedicated to providing safety, security, and stability to community members in need throughout Boston and Eastern Massachusetts. As a key member of the leadership team, the CFO will collaborate closely with the CEO, the Executive Leadership Team, and the Board of Directors to ensure the organization's long-term sustainability and contribute significantly to our mission.

The Chief Financial Officer is an essential member of the Senior Leadership Team (SLT). This team provides leadership, strategic direction, management, and coordination for all efforts at Victory Programs. The CFO plays a crucial role in shaping Victory Programs' financial strategy and ensuring sustainable operations. 

The CFO oversees the agency's accounting and financial management systems, which encompass payroll, accounts receivable, including billing, and accounts payable. The CFO reports directly to the President and Chief Executive Officer and works closely with the Chief Operating Officer to ensure transparency and accountability in all financial matters.

Key Responsibilities:

1. 1. Financial Strategy & Leadership
2. 2. Financial Management & Reporting
3. 3. Compliance & Risk Management
4. 4. Budgeting & Resource Allocation
5. 5. Revenue Cycle Management
6. 6. Financial Planning & Growth

• 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.

Qualifications:

• A Bachelor's degree is required; advanced study or a Master's degree is preferred.
• A minimum of five years of supervisory experience, ideally in a non-profit or government agency.
• 7-10 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.

Compensation & Benefits:

Victory Programs is dedicated to offering competitive wages. To promote equity, we do not engage in salary negotiations for exempt candidates. "Exempt employees" are those not entitled to overtime pay under state and federal law. We acknowledge that salary negotiation processes can often lead to unfair biases; therefore, we provide our best offer upfront, which will be the same for all candidates. The annual starting salary for the Chief Financial Officer position is set at $170,000. This role meets the exemption requirements as defined by state and federal law. Exempt employees are compensated on a salaried basis, and their salary is intended to cover their entire regular compensation, regardless of the number of hours worked.

Victory Programs offers a comprehensive benefits package designed to provide employees with security and peace of mind. This package includes health, dental, and vision insurance, flexible spending accounts, retirement savings options, generous vacation time, short-term and long-term disability, and life insurance, as well as funding for paid professional development.

At Victory Programs, we are proud to be an Equal Employment Opportunity employer. We are committed to fostering an inclusive and respectful work environment. We do not discriminate based on race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other legally protected characteristics.