Chief Financial Officer

Chief Financial Officer
Public Health Institute

Job Title: Chief Financial Officer
Department: Central Finance
Approved By: Alyson Weckstein
FLSA Status: Exempt
Grade: 23
Reports To: President and Chief Executive Officer
Prepared Date: V12 May 21, 2020
Approved Date: 5/21/20

SUMMARY:
Reporting directly to the President and Chief Executive Officer (CEO), with cross-functionality within the organization, the Chief Financial Officer (CFO) is responsible for the establishment of PHI financial strategy, objectives, policies, and practices and directs the fiscal and fiduciary responsibilities for PHI, in conjunction with the CEO and Board of Directors, and in accordance with generally accepted accounting principles. The CFO leads financial planning and analysis, budgeting and resource planning, and provides oversight for all financial transactions and records. The incumbent works in close partnership with the CEO, and members of the PHI leadership team to provide strategic and financial review of growth opportunities and new revenue sources including new business and program opportunities. The incumbent directs the preparation of financial statements for the Board, the senior leadership team and regulatory agencies.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
Executive Leadership
• Direct PHI financial functions including: accounting, budgeting, cash receipts and disbursements, financial planning and analysis; accounts payable, procurement, financing, banking, investments, risk management, taxes and internal auditing and reporting.
• Provide thought leadership to CEO and Senior Management on all financial matters; engage in all discussion and executive decision-making regarding organizational structure, financial management and performance of all PHI subsidiaries.
• Partner with other members of senior leadership to assess new program/business opportunities, analyze associated risks, determine feasibility, and lead financial on-boarding support.
• Advise CEO and senior staff leadership in determining highest value alternatives to increase unrestricted net assets, optimizing a return on investment perspective.
• Provide leadership for, mentor and develop department staff. Ensure effective policies and procedures; manage work allocation, training, problem resolution, performance evaluation and the building of an effective team.
• Provide strategic financial input to the Board of Directors.

Treasury and Financial Systems
• Leverage technology to optimize transactional, reporting and analytical functions.
• Maintain internal financial management, security control systems and the integrity of the financial system of record.
• Direct the treasury function of the organization, including financing strategies, banking and investor relations, cash and foreign exchange and lines of credit.
• Reinforce and maintain local banking relationships. Consult with banks and outside investment advisory firms regarding investment programs.
• Establish and maintain stable cash flow management policies and procedures, develop cash flow forecasts and ensure cash resources are available for daily and long-range financial plans.
• Manage and track PHI’s unrestricted funds.
• Establish and execute programs for the provision of the capital required by the organization, including negotiating the procurement of capital and maintaining the required financial arrangements.
• Approve agreements concerning financial obligations, such as contracts for products or services and other actions requiring a commitment of financial resources.

Budgeting and Long-range Planning
• Direct the annual financial planning and budgeting process. Design and coordinate budget development procedures. Monitor budget throughout the year, establish and report on financial metrics, provide updates to the Board executive committee.
• Create data-based long and short term goals, budgets and forecasts.
• Responsible for long-range financial planning and establishment of PHI financial objectives, policies and practices. Support updates to PHI Policy Manual.
• Assess organizational performance against both the annual budget and PHI’s long-term strategy.
• Analyze current and future business operations and plans to determine financial effectiveness and sustainability.
• Lead in the development and communication of financial policies and procedures that enhance the organization’s successful achievement of strategic plans.

Accounting and Financial Audit
• Manage the Accounting and Finance Department including preparation of financial statements, budgets, audits, computer financial applications, forecasts of income and expense, cost analysis and other special projects.
• Direct the internal audit function. Maintain internal control safeguards and oversee all audit activities.
• Establish procedures and controls for efficient and effective operations of the accounts payable, cash receipts and chapter billing systems as well as departmental financial and budget reports.
• Provide support to the Board of Directors, as it relates to financial, audit, investment and banking matters.