Salem Hospital
Chief Financial Officer
Salem Hospital, Boston, Massachusetts, us, 02298
North End Community Health Committee, Inc. (d.b.a. NEW Health) was founded in 1971 as one of the first Federal Community Health Centers, FQHCs in the country, under the federal health center program (Section 330 of the Public Health Service Act). NEW Health is a non-profit 501 (c)(3) organization that provides ambulatory primary care, behavioral health, dental, vision and podiatry services, and other enabling and support services to patients primarily living in the North End and Charlestown neighborhood of Boston. NEW Health is an affiliate of Massachusetts General Hospital, MGH and Boston Medical Center, BMC.The Chief Financial Officer (CFO) provides executive leadership and oversight for all financial operations of North End Community Health Center, Inc. (d.b.a. NEW Health). The CFO will leverage their expertise in accounting, finance, and strategic planning, ensuring fiscal responsibility, regulatory compliance, and alignment with organizational goals. This role requires the ability to adapt to a rapidly evolving workplace, manage teams, and promote diversity, equity, and inclusion.Responsibilities:Develop/utilize tools and systems to provide critical financial and operational information to the CEO, leadership team, and board of directors, making actionable recommendations on both strategy and operations.Advise the CEO on all financial-related matters.Develop and implement comprehensive financial strategies aligned with the health center’s mission and objectives, ensuring long-term financial sustainability and growth.Perform data-driven evaluation of the organization's financial performance against annual budgets and strategic plans.Engage the budget and finance committee around issues, trends, and environmental developments that pose financial risks or opportunities, proposing mitigating strategies.Lead the annual operating and capital budgeting process, forecasting financial performance, analyzing variances, and providing strategic recommendations.Manage and develop financial information technology systems to meet financial data processing, control, information, and reporting requirements.Establish and implement policies and procedures for internal controls around financial management functions.Collaborate with staff in grant applications and management of grant awards.Oversee and manage all financial and regulatory matters related to the health center’s 340B and Retail Pharmacy.Prepare accurate and timely financial reports for executive management and the board.Prepare timely reports and documentation for the annual audit; manage the independent outside audit.Oversee preparation of all tax-related documentation, including form 990.Monitor the budget and guide directors in budget management.Manage cash flow, liquidity, and banking relationships.Ensure compliance with state, federal, and local governmental requirements.Manage purchasing, procurement, accounts payable, and cash management operations.Assess and mitigate financial risks through effective internal controls and risk management strategies.Provide strong leadership to the finance team, fostering a culture of accountability and collaboration.Meet regularly with program leaders to review program financial statements.Cultivate strategic financial partnerships to enhance the health center’s financial standing.Maintain knowledge of current financial/accounting trends and maintain financial expertise.Qualifications:Master’s degree in accounting or finance preferred.10+ years of experience in financial management, with a focus on non-profit healthcare organizations.Experience managing state and federal grants preferred.Proven senior leadership experience in managing financial operations.In-depth knowledge of nonprofit accounting principles and financial reporting.Demonstrated expertise in federal grant management regulations.Proven track record of strategic financial planning, budgeting, and analysis.Commitment to the mission and values of the Massachusetts League of Community Health Centers.Dedication to equity, diversity, and inclusion in the workplace.Skills Required:Trustworthy and responsible professional with unquestionable integrity.Team player committed to working with diverse populations.Demonstrated proficiency with MS Office applications.Demonstrated proficiency with accounting software.Strong interpersonal and communication skills.Ability to build relationships and communicate financial concepts to non-financial stakeholders.Keen analytic, organization, and problem-solving skills.Reliable transportation to get to other sites and meetings as needed.Supervisory Responsibility:5
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