Client: Vermont Information Technology Leaders (VITL)
Website: vitl.net
Title: Chief Financial Officer (CFO)
Reports to: President and CEO
Location: Williston, Vermont
About VITL
VITL is the legislatively designated operator of the Vermont Health Information Exchange (sometimes written VHIE and pronounced Vee-high), a secure infrastructure that gives health care organizations in Vermont the ability to electronically share and access their patient’s health information in order to improve the quality, safety, and cost of patient care. VITL is a mission-driven organization: supporting the improvement of the health of Vermonters is the foundation of all our work
Position Overview
The CFO is a member of VITL’s senior leadership team and collaborates to successfully deliver against VITL’s mission, vision, strategic plan, and contractual commitments. They build a deep understanding of “what’s behind the numbers” and serve as a valued thought partner to the CEO and the senior leadership team; supporting them in understanding opportunities, and how decisions impact the financial performance and sustainability of the organization.
The CFO has expert knowledge in the principles, policies and practices of non-profit financial management and operations, policy development and implementation, and budget development and administration. In addition, the CFO is responsible for human resources functions, and develops and supports activities and efforts to ensure employee retention, engagement, diversity, and belonging.
Essential Job Functions and Responsibilities
Leadership
1. Actively participate in and support ongoing strategic planning efforts.
2. Develop and manage activities across finance, HR and operations that are aligned to and in support of VITL’s strategic plan.
3. Attend and support meetings of the Board of Directors, board committees, and the Green Mountain Care Board.
4. Demonstrate and model a strong customer service commitment, internally and externally.
5. Lead, coach, and mentor the finance and administration teams to help them develop and grow.
Financial
1. Oversee all financial management and accounting activities, including day-to-day financial operations, accounting, budgeting cash management, recording and reporting in accordance with GAAP and other regulatory requirements.
2. Support and perform activities required to ensure a timely and accurate monthly close.
3. Develop and communicate insightful financial management reports for the CEO, Board of Directors, and Leadership Team.
4. Establish strong financial controls and ensure accounting policies and procedures are well documented to safeguard organizational resources.
5. Lead development of and responsible for performance to an annual budget in collaboration with the leadership team, in accordance with generally accepted accounting principles, federal and state requirements, and funder/contract guidelines, and ensuring good stewardship of VITL’s resources.
6. Build and maintain a multi-year financial model to ensure financial health and sustainability; conduct contingency and scenario planning to inform decision-making.
7. Responsible for all cash management and treasury functions and ensuring the availability of cash needed for operations and the appropriate investment of assets.
8. Guide all financial activities in collection of receivables, disbursement of payables, and management of assets.
9. Manage the audit process and ensure clean and timely annual financial audits, serving as the primary contact for the audit firm.
10. Ensure timely filing of 990 and all other required tax reporting.
Human Resources
1. Develop and maintain human resource capabilities that encourage employee satisfaction, engagement, retention, and diversity.
2. Maintain human resources policies and procedures, including an employee handbook, which ensure alignment with applicable laws and best practices and that support an engaged, effective, diverse workforce. Ensure leadership and staff are trained in appropriate policies and procedures.
3. Design and recommend a benefits package that encourages retention and recruitment. Manage relationships with all benefits providers.
4. Develop and support recruiting practices that guide timely identification of high-performing, diverse staff.
5. Lead and support organizational commitment to cultivating an environment of diversity, equity, inclusion, and belonging.
Risk Management
1. Lead efforts to identify, evaluate, mitigate, and monitor the company’s operational, financial, and strategic risk.
2. Evaluate needs and ensure appropriate insurance coverages are in place as appropriate for perceived risks and to meet all contractual requirements.
3. Develop and maintain a program for organizational risk identification and management.
Education and Experience Requirements
1. Bachelor’s degree in business or accounting is required and ten (10) plus years of progressive related experience. CPA preferred.
2. Previous experience in non-profit accounting and budgeting is preferred.
3. Broad expertise in financial management, including non-profit accounting operations, GAAP, budgeting and performance monitoring, capital deployment and expenditures, investment/endowment management, treasury and cash management, financing structures, insurance, and compliance.
4. Strong analytical, leadership, and management skills with a demonstrated ability to communicate effectively and motivate others.
5. Commitment to collaboration and the importance of developing buy-in.
6. Ability to create and implement operational systems, policies, and procedures.
7. Self-motivated team player with a positive attitude.
8. Proficient in establishing and meeting deadlines.
9. Strong understanding of payroll and benefits administration.
10. Exceptional analytical competence and knowledge of Excel and other Microsoft Office products.
Gallagher, Flynn, & Company, LLP has been retained to conduct this search. Interested candidates may apply by sending a resume and cover letter to Dan Lyons, Managing Director, at talentsolutions@gfc.com. While we appreciate all interest in this exciting opportunity, only candidates most closely aligned with our search will be contacted.
Disclaimer: What is listed above is representative of the position’s responsibilities but is not meant to be an exhaustive list. Responsibilities may change during employment at the company’s discretion. Gallagher, Flynn & Company, LLP, and our client do not discriminate in employment based on race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, parental status, military service, or other non-merit factors.
VITL is an equal opportunity employer and prohibits discrimination or harassment of any kind. We are committed to compliance with all applicable fair employment practices laws and a policy of equal opportunity without regard to race, gender, color, religion, sex, sexual orientation, gender identity, age, national origin, place of birth, crime victim status, ancestry, physical or mental condition, disability, pregnancy, citizenship or immigration status, status as a veteran, military service or obligation, a positive test result from an HIV-related blood test, genetic information, or any other characteristic protected by such laws (“Protected Characteristics”). VITL’s policy of anti-discrimination applies to all terms and conditions of employment, including but not limited to recruiting, hiring, training, compensation, benefits, advancement, and termination of employment. VITL prohibits and does not tolerate discrimination against any employee, applicant, worker, or service provider on the basis of any Protected Characteristic.