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.
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$225,000 - $225,000 a year
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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.