KLR Executive Search Group is proud to partner with the PACE Organization of Rhode Island (PACE-RI) to identify their new Chief Financial Officer. Established in 2005, PACE-RI is a mission-driven, nonprofit (501c3) health plan that serves frail elders who have chronic health needs who want to continue living in their own homes, rather than a nursing home.
The CFO reports to the Chief Executive Officer and will work collaboratively and strategically with the Senior Management Team. The CFO will have oversight of all accounting functions, financial reporting, analysis, banking, and related activities. This position leads, supports, and directs PACE-RI’s accounting team: A Contracts Manager and an Accounting Manager (who is supported by two accountants).
To apply online, click here.
Essential Job Functions:
- Extensive analytical, financial accounting, financial resources, and corporate finances project management.
- Prepare and present financial information; extensive in-person, telephone, and electronic communication at all levels in the organization and with external funders, contacts, and Board members.
- Maintains relationships with banks, lending organizations, insurers, and related financing parties.
- Oversight of budget and accounting system for PACE-RI.
- Provides oversight to information system technology consultants and works with Program Directors to ensure PACE-RI has a reliable and useful system.
- Consistent application and operationalizing knowledge of human service networks, private contracting, state/federal systems, and regulations as they relate to PACE-RI’s strategic plan and financial business.
- Manage the accounting and financial operations of the Organization.
- Strategic planning, fiscal projections and other Senior Management level analysis as requested.
- Serve as internal consultant to the CEO, Board, Senior Leadership, and other key stakeholders on all financial matters to keep PACE-RI a financially strong organization.
- Mentor, supervise, and develop the accounting team, managing work allocation and productivity, training, problem resolution, and performance evaluation.
- Oversee cash flow and forecasting including a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
- Optimize banking relationships and initiate appropriate strategies to enhance cash positions.
- Facilitates vendor denials and appeals, including obtaining Senior Management approvals, notification of vendors and participants (as necessary).
- Assists with the adjudication of claims using fee schedules, internal contracts, and other necessary sources.
- Oversees payroll processing, ensures cash availability, proper accruals, and other benefit administrative reporting as requested.
- Maintains capital expenditure requests and approves, with CEO, as cash becomes available.
- Management of the Benchmark Grid.
- Committee participation (Finance) and other internal meetings as requested.
- Manage internal accounting control systems and internal audits, ensuring the accurate and timely production of accounting information and financial reports.
- Monitor the upkeep of user accounts, implementation of a corporate cyber security, and HIPAA data security plan.
Education and Experience:
- BA/BS and MBA or CPA preferred with an emphasis in accounting/finance.
- Management and supervisory experience overseeing financial functions (accounting, budgeting, control, and reporting), preferably in the non-profit sector.
- Experience in the insurance industry preferred but not required.
- A minimum of five years of financial management experience with a health care organization. Experience working with a frail or elderly population, preferred.
- Experience with QuickBooks and ADP payroll.
- Knowledge of Medicare and Medicaid programs preferred.
- Leadership: Motivates and empowers others; effectively analyzes complex situations and provides solution focused results; leads by example; reaches decisions independently; demonstrates enthusiasm and commitment to work and the Organization’s mission.
- Inclusiveness: Shows respect for people and their differences; promotes fairness and equity; fosters a sense of belonging; works to understand the perspectives of others; and creates opportunities for access and success.
- Stewardship: Uses resources efficiently, consistent with mission, purpose, and budget; engages the talents, experiences, and capabilities of others; values the importance of delivering high quality, innovative services to Participants; embodies a customer service focus.
- Problem solving/Decision Making: Identifies problems, conducts appropriate analyses, involves others in seeking solutions; makes clear, consistent, transparent decisions; accepts responsibility for own work; develops trust and credibility; demonstrates honest and ethical
- Teamwork: Cooperates and collaborates with coworkers, participants, and stakeholders; actively listens; communicates effectively and respectively; clearly and effectively shares information, respects confidentiality, uses technology willingly; instills pride in performance and behavior; welcomes constructive criticism and debate.
- Quality and Compliance: Knows and follows PACE-RI’s policies, procedures, and regulations set by CMS, EOHHS, and others; demonstrates understanding of how to report compliance concerns; strives for efficient, effective, high quality performance in self and the agency; understands and performs in ways to minimize risk to the organization; abides by IT security and HIPAA standards.
- Interpersonal Skills: Facilitates professional and amicable relationships with management, Board members, subordinates, and community contacts; works effectively to establish oneself as a resource; build partnerships inside and outside of the Organization.
· Kristen Rose, email@example.com, (617-512-2217), or
· Murray Lee, firstname.lastname@example.org, (617-236-8098)