CFO Role

We seek an experienced CFO for a PART-TIME role, who brings a mission-driven orientation and a deep commitment to the growth of our organization.

In this part-time role reporting to V-Cap’s CEO, the CFO is responsible for directing the fiscal functions of the organization in accordance with generally accepted accounting principles. V-Cap’s CFO ensures reporting and compliance requirements are met for federal and regulatory agencies governing qualified Community Development Financial Institutions (CDFIs).

Financial Functions

• Plan, develop, organize, implement, direct and evaluate the company’s fiscal function and performance. This includes:

  • Quarterly and Year-end Financials, including federal and state required filings, e.g. Form 990

  • Budget planning and review

  • General Ledger Transactions

  • Audit coordination

  • Cash Management, including building banking relationships, review and enhancements of cash position and hands-on banking transactions, accounts payable review and processing, and bank reconciliations.

  • Contributing financial oversight and details in funding applications and reporting

• Provide timely and accurate analysis of budgets, financial reports, projections and financial trends in order to assist the CEO and Board in decision making.

• Provide review of and support for credit services, including V-Cap loan portfolio management and loan closing services, provided by Self-Help.

• Primary finance liaison with external sources of debt, including Federal Home Loan Bank of NY (FHLBNY). Manage pledging of V-Cap assets to FHLBNY as collateral for advances to V-Cap.

General Administrative Operations:

• Oversight of Payroll and Benefits which are primarily provided through V-Cap’s PEO. V- Cap’s 403(b) retirement plan is outside of the PEO, and overseen by V-Cap’s CEO. Responsible for evaluation, integration, and compliance oversight, including ensuring related withholdings and filings are completed

• Business / operational insurance coverage procurement, management and compliance requirements

• Office leasing requirements oversight and review

Competencies Required:

• Strong financial leadership experience with ability to contribute hands-on in all aspects of small nonprofit financial role.

• Business acumen to support leadership team and board members in using data/metrics for decision making

• Polished communication skills (written and verbal)

• Experience with QuickBooks Online

• Proficiency with MS Office suite and G-Suite products

• High standards of ethical conduct

Required Education and Experience:

Bachelor’s degree required with a minimum of 7 years of related industry experience in a CDFI or Community Health Center, or related nonprofit experience. MBA / CPA or other advanced finance / business degree a plus.

Position Type/Expected Hours of Work:

Part time position, remote-based, ideally based in the NYC metro area.

NOTE: Must be able to meet flexible business demands, including quarterly and year-end financial closings. Some limited travel as appropriate, for office meetings, board presentations, funder presentations.

Interested candidates should submit resume and letter of interest to V-Cap at recruiting@vitalcap.org.

Key Contact: Kim Fuchs, Human Resources, kfuchs@vitalcap.org

Learn More at: Vital Healthcare Capital: Investing in Care for High-Need Communities