Chief Financial Officer (CFO)

THE ORGANIZATION

A private nonprofit organization founded in 1973, Philadelphia Corporation for Aging (PCA) is a large agency that is part of the Area Agency on Aging (AAA) nationwide network. Founded as a result of the federal Older Americans Act, the AAAs are mandated to “facilitate the area-wide development and implementation of a comprehensive, coordinated system for providing long-term care in home and community-based settings, in a manner responsive to the needs and preferences of older individuals and their family caregivers.” PCA carries out this mission through advocacy, stewardship of public funding, planning, development and administration of programs, and service coordination.

The mission of PCA is to improve the quality of life for older Philadelphians and adults with disabilities and assist them in achieving their maximum level of health, independence, and productivity.

THE POSITION

Reporting to the President and CEO, the Chief Financial Officer (CFO) is a member of the executive management team providing strategic leadership to the President and CEO, the Board of Directors, and the organization as a whole, with respect to the finance function, IT, and Business Administration (contract compliance), in support of PCA’s mission and values. The CFO acts as the subject matter expert for all fiscal matters, providing advisory services to the executive team and the Board of Directors, and actively participates in and supports the Board’s Finance and Investment committees. A collaborative, decisive, proactive, and strategic leader and partner, the CFO will be focused on continuous improvement within an environment that is fiscally responsible and accountable to the public.

Direct reports include the Director of Finance, Director of Information Technology, and Director of Contract and Procurement.

POSITION RESPONSIBILITIES

• Advises the President and CEO, the Board of Directors, and senior management on the financial implications of business activities and decision making for all entities under PCA’s control.
• Plays a key role in PCA’s strategic planning process; makes recommendations to strategically enhance financial performance; prepares special analyses/evaluations in support of major business decisions.
• Develops and implements PCA’s financial and funding strategy. Establishes and manages integral banking relations and directs/recommends financing activities. Directs the organization’s compliance reporting practices for banks and funders. Negotiates best available credit and use of capital.
• Accountable for all cash management, treasury, and debt financing. Controls all investments and cash flow to enhance operations in accordance with PCA’s approved investment policies. Informs criteria and options for investing excess funds as needed. Manages cash flow and reporting to ensure cash requirements are covered at all times.
• Recommends, assesses, and implements efficiencies for cost savings and revenue enhancement.
• Creates a culture of accountability that meets and exceeds key performance indicators (KPIs) determined in collaboration the President and CEO.
• Develops, implements, and continually improves timeliness and accuracy of financial reporting to identify trends, concerns, and opportunities.
• Accountable for the preparation of the annual operating and capital budgets; budget tracking reports; monthly, quarterly, and annual forecast updates; and other financial and business projections and scenario planning.
• Accountable for the timely and accurate filings of all federal, state, and local tax returns. Ensures that timely payments are made with records maintained in accordance with the law.
• Accountable for risk management processes to protect the general assets of PCA through the prevention and control of loss, including the identification, evaluation, monitoring, and management of risk exposure and loss in the areas of property and casualty losses, general liabilities, workers’ compensation, and insurance programs.
• Effectively collaborates and builds positive working relationships with all funder organizations and representatives, including governmental entities, lenders, and other partners.
• In collaboration with the Director of Data Management/Information Systems, evaluates the needs, capacity, and effective utilization of information technology systems and related hardware on an ongoing basis; directs the development of strategic planning to upgrade or replace as appropriate.
• Ensures the implementation of and adherence to effective internal controls to safeguard assets and comply with state and federal laws and regulations in all areas of responsibility.
• Provides strategic leadership for the Finance, IT, and Business Administration teams, attracting, developing, and retaining competent and committed staff. Establishes clear performance objectives for each direct report, and models accountability.

PROFESSIONAL QUALIFICATIONS

Education and Experience

• BS in Accounting or Finance required; MBA or CPA strongly preferred.
• In lieu of an MBA, a BS in Accounting or Finance with a current CPA license and senior level management experience may be considered.
• Minimum 15 years of progressively responsible accounting, finance, and management experience, with at least 7 years in a senior executive finance role.
• Nonprofit experience required, including knowledge of donation and grant tracking, cost allocation and reporting, as well as basic principles of donor/funder engagement.
• Demonstrated ability to serve as a strategic thought partner to the President and CEO, and an executive leadership team.
• Experience working with an active, involved Board of Directors.
• Technically adept in all areas of accounting and financial management including treasury (cash flow management), financial analysis, revenue projections, budgeting, financial forecasting, reporting, and risk assessments for all entities under the span of control of PCA.
• Able to analyze financial data and oversee the preparation of financial reports, statements, and projections.
• Liaison with external stakeholders and partners including funders, auditors, bankers, etc.
• Experience with cash management, treasury, and debt financing.
• Skilled with financial and related software sufficient to evaluate and leverage capabilities and utilization for maximum effectiveness of functionality, reporting, processes, and controls.

Professional Characteristics

• Passion for the mission, vision, and values of PCA.
• Strong executive presence; decisive leader with a high degree of integrity, accountability, and performance orientation.
• Entrepreneurial, business minded, innovative, and strategic.
• Analytical; detailed and process oriented.
• Collaborative, team-oriented partner, leader, and mentor.
• Demonstrated team building and conflict resolution skills.
• Inquisitive, independent, systemic thinker.
• Able to engage in difficult conversations with ease.
• Able to translate complex information for audiences with varying skills and experiences.
• Confident and polished communicator and presenter.

COMPENSATION

This is a full-time, remote/hybrid, exempt position located at the Philadelphia Corporation for Aging office at 642 N. Broad Street, Philadelphia, PA 19130.

Starting Salary Range: $164,800 to $190,776 depending on experience. Benefits: medical, prescription drug, vision, and dental coverage; flexible spending plan (health and dependent care); employee assistance program (EAP), life insurance, short- and long-term disability insurance, pre-tax commuting and parking benefits; 403(b) retirement plan with employer contributions and optional employee pre-tax contributions. Annual paid time off includes 13 holidays, 10 sick days, 2 personal days, and 4 weeks of vacation. (Note: vacation and personal days are front loaded and are pro-rated if date of hire is not January 1st; sick days are accrued based on hours worked).

All offers of employment are subject to and contingent upon satisfactory completion of background checks as determined by PCA.

TO APPLY

PCA has retained Dunleavy & Associates as its partner for this search. In order to be considered, please submit your resume or CV and a cover letter via the Apply link below.

EEO/AAP Statement
Philadelphia Corporation for Aging provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, and any other characteristic protected by federal, state, or local laws.