VP of Finance

Centering Healthcare Institute

Centering Healthcare Institute

Accounting & Finance
Boston, MA, USA
Posted on Friday, June 14, 2024

Join an organization at the forefront of improving health by transforming care through Centering® groups

Vice President of Finance

The Centering Healthcare Institute (CHI) actively seeks to build a diverse staff that is reflective of the populations we aim to serve and the communities where we work. CHI encourages multiple perspectives and experiences and strives to hire and retain a diverse workforce. Our employees are passionate, curious, and eager for the challenge of changing healthcare.

About Centering Healthcare Institute

Centering Healthcare Institute imagines a U.S. healthcare system that offers not just medical interventions but also combats isolation and builds communities, empowers and educates patients, and serves as a partner to connect the most vulnerable with resources that contribute to overall health. We are driven to create a future where the risk of preterm birth, the inequities of Black women dying from pregnancy-related causes, and the disparities in early childhood are greatly reduced - so that every child has the potential to enjoy future life chances, social and economic opportunities, and overall well-being.

With over two decades of experience working closely with healthcare providers from all sectors, we have developed, championed, and spread access to the Centering group care model. Our team provides implementation support to guide healthcare practices through every step of the system redesign to build a foundation for a successful, sustainable practice. We have developed curricula and patient materials, and our facilitation training offers a variety of skill-building and interactive learning activities that prepare facilitators to lead engaging relationship-centered groups. We offer practice management, support tools, and site accreditation for model fidelity and quality assurance. We are engaged in advocacy efforts for payment reform and community outreach to achieve the Quadruple Aim of better health, better care, lower cost, and provider satisfaction. Leadership, innovation, and collaboration are at the heart of our success.

About the Opportunity

Having experienced significant growth in recent years and under new leadership, Centering Healthcare Institute (CHI) is excited to embark on an ambitious plan to bring the Centering model to more healthcare providers nationwide. The Vice President, Finance role is an opportunity for an ambitious, highly motivated, and seasoned finance and accounting professional to evolve the organization’s finance function on pace with the organization’s growth, strategy, and short- and long-term needs.

Reporting to the Chief Administration Officer and with a dotted line to the CEO, the Vice

President, Finance is responsible for building and strengthening CHI’s organizational finance and accounting functions and the team of finance professionals to sustain the department’s goals and activities as well as the organization’s strategic needs. This position supervises the finance department, including directors, managers, accountants, and analysts.

The VPF will execute and develop key financial processes focused on growing, measuring, and articulating CHI’s reach, revenue, and value proposition. The VPF oversees CHI’s financial operations, accounting, revenue management, financial performance, budgeting, financial planning, and analysis. The Finance leader will also ensure all accounting operations are compliant with GAAP, internal accounting controls are maintained for data integrity, compliance, and risk, and quality analyses for organizational decisions are provided. As a member of the Executive Team, the VPF supports financial strategy and leadership and will work to enhance efficient financial operations and assist in the organization’s compliance with relevant tax and finance laws, regulations, and filings.

The strategic leader stepping into this role has a first-ever opportunity to set a clear vision and direction for CHI’s finance function and bring the organization's finance and accounting needs to a new level and new era.

Areas of Leadership

To perform this job successfully, an individual must be able to excel in each of its essential functions. Centering Healthcare Institute’s next Chief Development Officer brings experience and a passion for leadership in the following areas which are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions.

Mission & Vision

  • Be a champion for improving health, transforming care, and disrupting inequitable systems through the Centering group model
  • Demonstrate commitment to and knowledge of CHI’s priority focus on diversity, equity, inclusion, and belonging and its values of advancing high-quality evidence-based group care; creating an environment that inspires relationships of collective power in the health system; and disrupting the structures and systems that drive poor health to co-create communities where everyone has an equitable opportunity to thrive

Executive & Organizational

  • Advise CHI’s CEO, its Executive and Leadership teams, and board Members, on all financial matters regarding the company and its entities, collaborating with CAO and CEO on critical financial decisions and evaluating and advising on impact of financial initiatives, including, short, mid and long-term strategies for CHI
  • Maintain an adequate system of internal accounting controls throughout the company, ensuring implementation and maintenance of appropriate segregation of duties and financial procedures
  • Participate in strategic planning and develop Finance team priorities, including the development of financial KPIs
  • Support CHI’s sustainability and growth efforts through the direction and management of the organization’s financial planning and analysis work, with a critical eye on cyclical financial processes, revenue processes, compliance and reporting
  • Collaborate and provide direct leadership across the organization to support the knowledge base around financial processes, budgeting and the monthly review process
  • Maintain and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans
  • Support staff in accurate expense allocation and proper classification and recordkeeping of financial transactions, implementing changes when appropriate
  • Assess, recommend, and implement updates to the grants management function, processes and systems, financial analysis and reporting, net asset schedules, investment strategy and fiscal and grant budgeting process
  • Oversee the provision of ongoing Treasury activities, Cash Management, Cash Flow, Forecasting & Variance Analysis to senior management; implement a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs
  • Assist the operations team with relevant quarterly and annual filings
  • Ensure timeliness, accuracy, and usefulness of financial and management reporting for funders, foundations, and contractors
  • Serve as the liaison to the Board’s Finance committee; effectively communicate and present critical financial matters at the Board of Directors and committee meetings by managing all board-related finance committee materials, dashboards and presentations, and board engagement related to financial matters
  • Travel up to 20% for staff retreats, trainings, conferences and Board meetings

Finance Strategy and Expertise

  • Build an operating model for a successful finance function, working across organizational functions (e.g. development, HR etc.), keeping compliance and generally accepted accounting principles at the forefront
  • Improve and strengthen integrity of data and the systems to track/manage it
  • Bring audits into compliance and lead timely and successful audits going forward
  • Maintain accuracy and completeness of revenue and disbursements reported
  • Provide ongoing strategic financial direction and develop policies and procedures, manuals, training, and toolkits
  • Monitor and advise on the financial health of the organization, assets, holdings, investments and reserves
  • Ensure the organization remains in excellent financial standing, and monitor changes that may impact financial reporting
  • Partner with the finance staff to oversee the organizational budget
  • Support the development of business continuity and contingency plans to strengthen financial modeling and scenario planning
  • Develop financial materials, training, narratives, presentations and visuals to support financial resource development and resource/tool building
  • Lead any future financial migrations, integration and upgrades for all financial technology; manage the flow, use and utilization of cloud-based technology for the organization; explore new technology and dashboarding options as necessary

Team and Partner Management

  • Determine the right team structure and necessary professional skills in order to build/staff a full team
  • Develop and grow a finance team and its roles over time, in line with the org’s needs and evolving administrative priorities
  • Operationalize, at an org-wide level, the findings from the business process assessment and and lead subsequent systems change and implementation and enhanced cross communication and workflow
  • Provide management to the accounting/finance team
  • Oversee the financial operations, ensuring a best-in-class office and high-performing team
  • Partner with external consultants, vendors and stakeholders to achieve results for the organization, including financial consultants, financial system vendors, investment accountants, tax accountants, legal counsel, and Board member

Key Qualifications

  • 8-10 years of accelerated financial leadership, ideally as a Vice President of Finance or Chief Financial Officer (CFO) in financial planning and analysis and accounting or other senior executive leadership role in finance for a midsize national nonprofit organization with an operating budget of 10 million or more
  • 3-5 years of experience as a Controller is a plus
  • Proven experience reengineering an accounting department and system change
  • Demonstrated knowledge and experience with GAAP, IRS codes, Internal Controls, and financial reporting and analysis
  • Advanced technical experience in ASC 606 revenue recognition standards, earnedrevenue, grants/contract management, nonprofit accounting, modern financial reporting, and frameworks
  • Demonstrated leadership ability, team management, and interpersonal skills; must be an innovative and empowering mentor who embraces ethical practices by providing accurate, responsive, detail-oriented financial results and goals
  • Possess a high level of personal integrity, good judgment, and maturity
  • Brings a collaborative and flexible style, with a strong service mentality; a team player who is committed to continuous professional development for themselves and their staff
  • Demonstrated resourcefulness in setting priorities, proposing new ways of creating efficiencies, and guiding investment in people and systems
  • Strong analytical skills and experience interpreting a strategic vision into an operational model; abstract reasoning skills; organizational skills
  • Proven skills in developing complex strategic business models and revenue streams
  • Proven ability to build and simultaneously manage up, down, and laterally, and develop thriving teams of professionals at various levels of career toward executing finance strategies and procedures and achieving goals while overseeing several time-sensitive and concurrent projects
  • Demonstrated success as an astute driver of strategy, including managing teams and peers through strategic pivots and changes, and interdependent systems and processes
  • Collaborative, entrepreneurial, highly motivated, and creative thinker who takes pride in their work and goes above and beyond to ensure planned results
  • Strong communication skills and ability to build teams and meaningful relationships with diverse constituencies, including existing and prospective Board members, supporters and partners
  • Excellent attention to detail and organization; highly skilled in follow-through, communication, and project and time management

Salary, Benefits & Location

The starting salary range for the Vice President of Finance role is $160,000- 170,000, based on the qualifications and number of years of relevant experience the selected candidate brings.

Centering Healthcare Institute offers a comprehensive benefits package which includes but is not limited to: health, dental, and vision insurance, 14 paid holidays, a 401k retirement plan with matched employee contributions up to 6%, and flexible vacation time (unaccrued vacation time that full-time eligible staff can utilize after three months working with CHI), among many other health and wellness offerings.

The organization’s headquarters office is in Boston, MA and many of CHI’s team works remotely throughout the northeast. The Vice President of Finance role can be based anywhere in the continental U.S. and the person in this role will need to be able to travel nationally, approximately 20% of the calendar year, to various venues in order to meet with stakeholders.

Work is sedentary in nature and performed in a remote office environment and will involve frequent phone and email contact with stakeholders.

Vaccination Requirements

As a condition of employment, each candidate selected for employment will be required to have received at least one dose of a COVID-19 vaccination prior to the selected candidate’s start date with the Company and be fully vaccinated (as that term may be defined by the CDC) within 30 days from that date, unless approved for an exemption. We are a healthcare consulting company committed to putting health and safety first for our staff, partners, constituents, and the larger communities in which we live and work.

Proof of at least one dose of a COVID-19 vaccination will be required prior to the scheduled start date, and proof of full vaccination will be required no later than 30 days after the start date. The Company will review requests for exemption on a case-by-case basis and provide reasonable accommodations to employees needing exemptions due to disability or sincerely held religious beliefs where doing so would not result in an undue hardship.

CHI actively seeks to build a diverse staff that is reflective of the populations we aim to serve and the communities where we work. CHI encourages multiple perspectives and experiences and strives to hire and retain a diverse workforce. Our employees are passionate, curious, and eager for the challenge of changing healthcare.