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. Financial Strategy & Leadership

• 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.

2. Financial Management & Reporting

• 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).

3. Compliance & Risk Management

• 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.

4. Budgeting & Resource Allocation

• 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.

5. Revenue Cycle Management

• Oversee all aspects of the organization’s revenue cycle, including billing, reimbursement, and collections.
• Ensure adherence to federal and state guidelines, and identify oppo