Chief Financial Officer - Planned Parenthood of Greater New York (PPGNY)
| Req Number: | HKHASR |
| Location: | Hybrid in-person/remote environment and can be situated in any location across New York State |
| Posted: | 4/16/2024 |
| Category: | Government/Not-For-Profit : Not-For-Profit |
| Job Type: | Permanent |
Position Chief Financial Officer
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Company Planned Parenthood of Greater New York (PPGNY)
Location Hybrid in-person/remote environment and can be situated in any location across New York State.
Reporting Relationship The Chief Financial Officer reports to the Chief Executive Officer, Wendy Stark.
Website https://www.plannedparenthood.org/planned-parenthood-greater-new-york
Organization Background
At Planned Parenthood of Greater New York (PPGNY), their greatest strengths are the employees who empower every individual with the information, resources, and care they need to live happy, healthy lives.
PPGNY is a team of trusted health care providers, educators, and fierce advocates committed to advancing equity and improving health outcomes in communities that face systemic barriers to quality, innovative sexual and reproductive searches – including birth control, pregnancy testing, emergency contraception, cancer screenings, STI testing and treatment, HIV testing and prevention, transgender hormone therapy, wellness exams, crisis counseling, and financial counseling. PPGNY also provides compassionate, nonjudgemental abortion services across 65% of New York State.
PPGNY is committed to providing care, no matter what to the urban, suburban and rural communities they serve throughout New York State – as well as the people who seek their care as medical refugees from states across the nation.
Through a reproductive justice lens, PPGNY advocates for policies and legislation that expand access to sexual and reproductive health care and education and advance equity in the communities they serve.
Our Vision
Building a world where all communities have full access to innovative, high-quality, affordable, evidence-based sexual and reproductive health services, which will always include abortion, whenever, wherever, and however they are needed.
Our Mission
PPGYN is a leading provider of sexual and reproductive health services and information, a fierce advocate, and a committed partner to advance equity and improve health outcomes for all.
Position Summary
In collaboration with the CEO, Board of Directors and other Leadership Team members, the CFO establishes and supports the mission, vision, values, and strategic direction for PPGNY. PPGNY is seeking a highly experienced leader with a deep understanding of not-for-profit finance and health care reimbursement to guide the organization through a challenging and dynamic environment. Candidates must be willing to roll up their sleeves as well as work on a strategic level in a high-stakes environment. He/she/they will create an environment for successful organizational performance and, alongside the CEO and Board, accept responsibility for the financial performance and financial viability of PPGNY.
PPGNY undertook a five-way merger that finalized in January 2020. As they are a relatively new organization in this current iteration, the CFO will have the opportunity to redesign the financial management practice with centralized systems and processes that best support the organization’s size and scope. PPGNY participates in several shared services ventures with other Planned Parenthood organizations, including a hosted solution for our electronic health record and practice management platform, revenue cycle management, IT, and call centers; the CFO deeply collaborates with peers across the country in this realm.
This position will work in a hybrid in-person/remote environment and can be situated in any of their locations across New York State. This position requires intrastate travel (up to 10%) to their various locations.
Essential Functions
The Chief Financial Officer will be responsible for the following:
- Alongside the CEO, leadership team, and Board of Directors, ensure the long-term financial sustainability of the organization through changes in operating conditions.
- Lead in the development of and accept accountability for agreed upon finance goals.
- Retain and mentor an excellent finance team. Provide hands-on management to the finance department and assigned operations departments as necessary to ensure the highest levels of performance and accountability.
- Lead the development and maintenance of annual budgets that ensure a strong and healthy net operating margin for the organization.
- Continuously seek new and/or innovative ways to help maximize reimbursement and reduce expenses.
- Report financial status by developing budgets and forecasts; reporting results; cash flow projections; analyzing variances; developing improvements on a monthly and yearly basis and presenting such data to the CEO, leadership team, and Board of Directors on an ongoing basis.
- Develop the financial well-being of the organization by providing multi-year financial projections and accounting services, prepare growth or reduction plans, advise of any cost containment or revenue enhancement strategies, and oversee financial management projects, including implementation and ongoing development of appropriate software tools as needed.
- Develop organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establish functional objectives in line with organizational objectives.
- Establish finance and operational strategies for those areas of assigned operational leadership by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change; developing proformas.
- Support and maintain relationships with investment managers and Board investment committee to ensure maximized returns on invested funds.
- Develop strategies as needed related to debt management and payoff; refinancing and financing of debt, increasing day’s cash on hand as well as the effective use of debt to meet organizational goals.
- Ensure annual external audits are completed in a timely and effective manner and maintain relationships with audit partners as well as Planned Parenthood’s national office.
- Responsible for developing, updating and analyzing all financial accounting and reporting, procedures and internal controls of the organizations.
- Responsible for the organizations’ relationship with federal, state, and local tax authorities.
- Participate in pivotal decisions as they relate to strategic initiatives & operational models.
- Attend the Finance Committee and Board meetings of the enterprise companies and present the current fiscal situation of all companies.
- Coordinate all efforts to attain optimum third-party reimbursement.
- Facilitate the preparation of all regulatory reports (i.e. FSR, UDS, Medicare, Medicaid, IRS Form 990, state and federal tax returns, etc.)
- Provide overall supervision of Payroll, Purchasing, Accounts Receivable, Accounts Payable, Grants Management and General Accounting functions.
- Create ongoing mechanisms to promote effective and collaborative communication with the Chief Executive Officer, leadership teams, governing Boards, staff, and other stakeholders.
- Create a work environment that fos
- ters employee enrichment and development as well as equitable and inclusive practices.
- As appropriate, act as the “face of the organization” by actively participating in an appropriate range of community and professional activities and groups.Create and promote effective financial and operational collaboration among all service locations.
Qualifications / Traits / Requirements
- A minimum of 10 years of progressive senior financial management experience in healthcare and demonstrated effectiveness is required.
- Strong knowledge and skills across all aspects of the finance function (financial operations, budgeting, strategic financial & capital planning, revenue cycle, treasury/investments, decision support, IT systems, etc.) is required.
- Has a track record of success in driving key operational and financial metrics.
- Demonstrated commitment to PPGNY’s mission related to bodily autonomy, health equity, gender and racial justice, and reproductive freedom.
- Deep commitment to fostering an intentionally anti-racist, anti-bias culture; proven track record of working toward equity and inclusion within organizations.
- Personal and professional ability to lead in an environment in which a full spectrum of intersectional identities are represented and affirmed.
- Outstanding communication, listening and interpersonal skills, with the ability to establish trust, credibility and positive rapport with a broad set of executives and constituencies.
- Current on healthcare financial trends, policies, and regulations, both locally and nationally.
- Demonstrated knowledge of relevant laws and regulations, fiscal planning, budgeting and reporting.
- Ability to recognize that PPGNY’s future success will be related to the ability to drive further system-ness, standardization (whenever appropriate), and collaboration. Provide the necessary leadership and business acumen to achieve this shared vision.
- Ability to meaningfully contribute to decision-making affecting organizational strategy and systems development.
- Ability to serve as a strong leader, manager, coach, and relationship builder, as well as an agent of change in a diverse organization.
- Self-motivated, visible leader who empowers others. He/she maintains a sense of humility and enjoys giving credit to others.
- Excellent understanding of business operations and the systems, processes, departments, and functions that drive nonprofit sustainability.
- Excellent organizational and technological skills.
- Has a proven ability to manage and lead in an environment of significant change. Is nimble and demonstrates a mental toughness and pragmatism to guide even in tough or ambiguous situations.
- Ability to negotiate conflict and can build effective and sustainable relationships internally across PPGNY and externally with all key stakeholders and partners.
Education
Master’s degree in accounting, finance, business, or related field is highly desired.
Compensation
A competitive compensation and benefits package will be provided to the selected candidate.
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Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.
