Chief Financial Officer (Part-Time Role)
Vital Healthcare Capital (V-Cap) is a nonprofit Community Development Financial Institution (CDFI) dedicated to investing in quality healthcare in low-income and historically disadvantaged communities. We finance community health centers and behavioral health organizations; advocate for community-based healthcare, health equity and good healthcare jobs; and build partnerships to advance our work.
We are committed to diversity, equity and inclusion throughout our organization, including in our equal opportunity employment practices. If you are a mission-driven individual with strong financial acumen and bring a passion about making a difference in our world, consider joining us in our mission to make change happen!
Summary
We seek an experienced CFO for a part-time role, who brings a mission-driven orientation and a 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 highly ethical 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),
As an individual contributor, general administrative operations responsibilities include oversight for the following:
IT support through third party
Payroll vendor selection, processing and management, including related withholdings and filings,
Benefits program offerings procurement, management and compliance requirements,
Business / operational insurance coverage procurement, management and compliance requirements,
Oversight and review of leased office requirements.
Financial Functions:
Plan, develop, organize, implement, direct and evaluate the company’s fiscal function and performance. This includes:
Quarterly and Year-end Financials
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 and reconciliations.
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 oversight for credit services provided by Self-Help.
Primary liaison with external sources of debt, including Federal Home Loan Bank of NY.
Provide strategic financial input and leadership on decision making issues affecting the organization.
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
Proficiency with MS Office suite and G-Suite products
High standards of ethical conduct
Required Education and Experience:
Bachelor’s degree required with 7 to 12 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, based in the NYC metro area.
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.