POSITION TITLE: Chief Financial Officer
LOCATION: Hybrid (Remote/Ann Arbor)
STATUS: Full Time, Exempt
TRAVEL REQUIREMENT: 5%
WAGE: $225,000 per year
BENEFITS: Medical, Dental, Vision, STD, LTD. Life & ADD, 403B, Flexible Spending Account, Generous Paid Time off Program and Free healthcare at our clinics for you and your immediate family!
Planned Parenthood of Michigan has implemented a mandatory vaccination policy requiring COVID-19 vaccinations when eligible for all employees.
Position Description
Under general direction with a high level of autonomy, the Chief Financial Officer (CFO) uses extensive knowledge and skills obtained through education and experience to direct the business operations of Planned Parenthood of Michigan 501(c)3 and Planned Parenthood Advocates of Michigan 501(c)4. The CFO has primary responsibility for all aspects of PPMI’s and PPAM’s planning and reporting, strategic management of accounting and financial programs, and oversight of Treasury, Accounting, Budgeting, and Financial Analysis functions. This role leads major projects, programs, or processes with significant business impact involving cross-functional teams. Reporting to the Chief Executive Officer (CEO), the CFO influences strategic direction, develops tactical plans and completes complex assignments independently and in collaboration with others, evaluating outcomes against goals and objectives. The CFO works closely with senior level leadership, board members, external agencies, and vendors. This leader will fully embody a commitment to race equity; evidenced in all interactions with PPMI colleagues, external stakeholders and in their supervision of staff.
Essential Functions
Leadership
Actively participates as a member of PPMI’s Executive Leadership Team.
Leads team members using a performance support process that includes goal setting, routine feedback, and ongoing development.
Empowers staff to deliver assigned responsibilities and manage their functions.
Provides regular development feedback to team and accountability related to practices including, but
not limited to, equity.
Continuously maintains professional growth and learning by attending conferences, seminars, etc.
In conjunction with other senior leaders, identifies, plans, tracks, and drives strategic initiatives supporting the mission.
Works collaboratively on the strategic plan.
Provides strategic and financial leadership and clear communications to the Executive Team in the areas of treasury, budgeting, audit, tax, accounting, short-term and long-term forecasting, and strategic financial modeling.
Works closely with the Chief Experience Officer to plan for salary and wage adjustments , and with union negotiation support.
Prepares reports and presentations for the Executive Leadership Team regarding the organization’s business activity and financial position for all organizations including ancillaries.
Finance
Ensures that financial and accounting systems are operating using all FAS accounting standards and financial systems and controls are adequate to protect the assets and reputation of the organization.
Leads development of annual operating budget that meets the agencies’ strategic goals. Monitors budgetary compliance throughout the fiscal year. Develops updated forecasts as needed.
Prepares monthly financial statements and budget reports for management, assisting team members in understanding and using their budgets.
Prepares quarterly and annual financial statements and progress reports for the boards of directors.
Ensures that PPMI and PPAM are financially solvent.
Staffs Finance, Investment, and Audit Committees.
Prepares external reports to funders, donors, directors and government/legal entities.
Recommends revenue enhancement strategies and expenditure controls.
Reviews proposals and recommends capital expenditures for inclusion in the annual budget.
Arranges and acts as the primary contact for annual audits performed by the external auditing firm, ensuring they are completed in a timely manner.
Serves as primary contact for insurance companies and ensures adequate levels of insurance are maintained.
Supports the development of grant proposals and the reporting required for active grants, including maintaining knowledge of the specific requirements of the Title X grant.
Manages cash reserves to balance strong returns with cash flow needs.
Works in collaboration with the Investment Committee and to ensure appropriate return on investment (ROI) levels, policies and compliance.
In close partnership with the CEO, Chief Medical Officer, SVP Operations, and Chief Experience Officer, the CFO is key to understanding the financial implications of organizational strategy and operations and determining the financial strategy necessary to advance the mission and achieve strategic goals.
Business Operations
Ensures that leaders have timely data and reports from the Electronic Health Record (EHR) system, there is ongoing analysis of variances, trends, and business performance and reports to outside organizations (funders, PPFA, etc.) are filed on a timely basis.
Develops policies, procedures and protocols in support of business strategies and goals.
Directs the regular and ongoing review and revision of business operations, operational policies and procedures.
Maintains effective channels of communications with all areas of the organization in order to ensure effective and efficient service to the organization.
Regularly monitors and evaluates space planning, staffing, equipment and supply needs to ensure adequate levels vs. budget and revenue.
Ensures collaboration with agencies and vendors for effective management of services.
Ensures that all operations are managed with integrity and high ethical standards.
The above duties and responsibilities are not an exhaustive list of required responsibilities, duties, and skills. Other duties may be added, and this job description can be amended at any time.
Qualifications and Experience
Required
Bachelor's degree in accounting, finance, or related field. Eight to ten years of financial management experience (with some of that time in a health care organization) in roles that demonstrate progressive leadership. Minimum of five years supervisory experience.
Ability to work independently with minimal or no supervision. Ability to effectively establish respectful and productive relationships with people at all levels of the organization from board members to front-line staff.
Non-profit Financial management experience. Knowledge of Generally Accepted Accounting Principles.
Ability to explain financial issues to a wide audience. Ability to effectively present and explain financial information and respond to questions from groups of managers, clients, customers, and the general public.
Demonstrated ability to achieve objectives in collaboration with other functional areas.
Demonstrated commitment to Planned Parenthood’s mission, vision and values.
Ability to:
Work under pressure on multiple projects concurrently and meet deadlines in a fast-paced work environment with frequent interruptions and changing priorities.
Facilitate meetings, ensuring that all viewpoints, ideas and problems are addressed.
Attend to detail while maintaining a big picture orientation.
Be an engaged listener with the ability to build consensus both within and outside the organization.
Gather information, identify links and trends and apply findings to assignments.
Inspire enthusiasm and influence, motivate and persuade others to achieve desired outcomes.
Interpret and apply organizational policies and identify and recommend changes as appropriate.
Communicate effectively, both verbally and in writing.
Work independently as well as collaboratively within a team environment.
Lead and work in a remote environment.
Exercise a high degree of judgment and diplomacy and maintain confidentiality.
Preferred
Masters’ of Business Administration, Certified Public Accountant or other equivalent advanced degree or certification.
Key Requirements
Commitment to advancing race (+) equity in one's work: interest in expanding knowledge about the role that racial inequity plays in our society.
Awareness of multiple group identities and their dynamics; bring a high level of self-awareness about personal identity, empathy, and humility to interpersonal interactions.
Demonstrated ability to communicate clearly and directly as well as hear and act on feedback related to identity and equity.
Strong sense of accountability to diversity, equity and inclusion principles and practices.
Understand of the impact of identity dynamics on organizational culture.
Commitment to Planned Parenthood's In This Together service ethos, workplace values, and service standards.
We value a truly diverse workforce and a culture of inclusivity and belonging. Our goal is to attract qualified candidates and encourage applications from all individuals without regard to race, color, religion, sex, national origin, age, disability, veteran status, marital status, sexual orientation, gender identity, or any other characteristic protected by applicable law. We're committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation.