Chief Financial Officer; CFO

Position: Chief Financial Officer (CFO)
Description

THE ORGANIZATION

A private nonprofit organization founded in 1973, Philadelphia Corporation for Aging (PCA) is a large agency that is part of the Area Agency on Aging (AAA) nationwide network. Founded as a result of the federal Older Americans Act, the AAAs are mandated to "facilitate the area-wide development and implementation of a comprehensive, coordinated system for providing long-term care in home and community-based settings, in a manner responsive to the needs and preferences of older individuals and their family caregivers."

PCA carries out this mission through advocacy, stewardship of public funding, planning, development and administration of programs, and service coordination.

The mission of PCA is to improve the quality of life for older Philadelphians and adults with disabilities and assist them in achieving their maximum level of health, independence, and productivity.

Requirements

THE POSITION

PCA seeks a strategic, future-focused CFO to join its executive team and serve as a key thought partner to the President and CEO, Board of Directors, and leaders across the organization. The CFO will oversee Finance, IT, and Business Administration (contract compliance), in support of PCA's mission and values.

The CFO acts as the subject matter expert for all fiscal matters, providing advisory services to the executive team and the Board of Directors, and actively participates in and supports the Board's Finance and Investment committees. A collaborative, decisive, proactive, and strategic leader and partner, the CFO will be focused on continuous improvement within an environment that is fiscally responsible and accountable to the public.

Direct reports include the Director of Finance, Director of Information Technology, and Director of Contract and Procurement.

POSITION RESPONSIBILITIES

Strategic Leadership & Executive Partnership

* Advises the President and CEO, the Board of Directors, and senior management on the financial implications of business activities and decision making for all entities under PCA's control.

* Plays a key role in PCA's strategic planning process; makes recommendations to strategically enhance financial performance; prepares special analyses/evaluations in support of major business decisions.

Financial Stewardship & Performance

* Develops and implements PCA's financial and funding strategy. Establishes and manages integral banking relations and directs/recommends financing activities. Directs the organization's compliance reporting practices for banks and funders. Negotiates best available credit and use of capital.

* Accountable for all cash management, treasury, and debt financing. Controls all investments and cash flow to enhance operations in accordance with PCA's approved investment policies. Informs criteria and options for investing excess funds as needed. Manages cash flow and reporting to ensure cash requirements are covered at all times.

* Supervises all areas of procurement and contract development. This includes drafting and reviewing new contracts, assuring compliance with conditions of existing partnerships and contracts, developing and reviewing RFPs and proposed consulting relationships and managing liability insurance policies.

* Recommends, assesses, and implements efficiencies for cost savings and revenue enhancement.

* Creates a culture of accountability that meets and exceeds key performance indicators (KPIs) determined in collaboration the President and CEO.

Financial Operations & Reporting

* Develops, implements, and continually improves timeliness and accuracy of financial reporting to identify trends, concerns, and opportunities.

* Accountable for the preparation of the annual operating and capital budgets; budget tracking reports; monthly, quarterly, and annual forecast updates; and other financial and business projections and scenario planning.

* Accountable for the timely and accurate filings of all federal, state, and local tax returns. Ensures that timely payments are made with records maintained in accordance with the law.

Risk Management & Compliance

* Accountable for risk management processes to protect the general assets of PCA through…