Chief Financial Officer

Position Overview:

Impact Life, a leading nonprofit organization in Wilmington, Delaware, is seeking an experienced and dynamic Chief Financial Officer (CFO) to join our team. This hybrid position offers an opportunity for a seasoned financial professional with a strong background in nonprofit financial management and contracts oversight. The CFO will play a critical role in overseeing the financial health of the organization, managing budgets, and ensuring compliance with federal grants and other funding sources. Experience with negotiating payor contracts is a plus.

Organization Culture and Vision:

At Impact Life we have a passion for saving lives. We work as a team to offer effective avenues to recovery from trauma and substance use disorders, and professionalism and innovation are our watchwords. We do what it takes to help our comrades in recovery in a spirit of kinship, connection and camaraderie. We are a young but powerful non-profit organization with a vision, and we are rapidly expanding and growing. We are looking for a Team player who can lead with expertise, confidence and foresight and help the CEO and leadership to guide our growth into a multi-state provider with consistently excellent staff and services.

Key Responsibilities:

• Oversee all financial operations, including budgeting, forecasting, financial reporting, and cash flow management.
• Develop and implement financial strategies to support the organization’s mission and long-term growth.
• Manage contracts and agreements, ensuring compliance with all terms and conditions.
• Provide leadership and guidance on federal grants management, ensuring compliance with regulations and reporting requirements.
• Collaborate with the executive team and board of directors to provide financial insights that drive strategic decision-making.
• Supervise and mentor the finance team, promoting professional development and efficiency.
• Lead the annual audit process, ensuring all financial statements and records are accurate and in compliance with applicable laws and regulations.
• Oversee payroll, accounts payable, accounts receivable, and other financial operations to ensure efficient and accurate processing.
• Liaise with external stakeholders, including funders, auditors, governmental agencies, and payors, maintaining strong relationships and ensuring financial transparency.
• Ensure compliance with federal, state, and local laws, regulations, and policies related to financial management.
• Lead and manage the development of annual budgets and financial plans.
• Support grant reporting, budget modifications, and federal funding opportunities in collaboration with program managers.
• Negotiating payor contracts and ensuring favorable financial terms is a plus.
• Advise and build a team to meet the needs of the department for the current projects and as it grows.
• Attend and report at board meetings and other external stakeholder meetings as needed.

Requirements

Qualifications:

• Minimum of 5 years of financial management experience in the nonprofit sector, with a focus on fiscal contract and grant management.
• Proven track record in overseeing financial operations for nonprofits, including budgeting, forecasting, and audit processes.
• Strong experience in managing federal grants and ensuring compliance with financial grant terms and conditions.
• Experience in negotiating payor contracts is a plus.
• Advanced knowledge of nonprofit accounting principles, GAAP, and financial reporting standards.
• Excellent leadership and communication skills, with the ability to translate complex financial concepts to non-financial stakeholders.
• Bachelor’s degree in Accounting, Finance, or a related field. CPA or advanced degree in finance is preferred.
• Experience with accounting software and systems management (e.g., QuickBooks, Sage Intacct).
• Ability to work both independently and collaboratively within a hybrid work environment.

Benefits

• Health Care Plan (Medical, Dental & Vision)

• Retirement Plan (401k, ROTH 401K)
• Paid Time Off
• 11 Paid Holiday's Yearly
• Training & Development
• Wellness Resources

Application Deadline: November 15th, 2024, 5:00 PM EST