Job Information
Providence Chief Financial Officer - Saint John's Health Center Foundation in Santa Monica, California
Description
The Chief Financial Officer (CFO) is responsible for managing Saint John’s Health Center Foundation’s (SJHCF) financial operations, ensuring the organization’s financial health and sustainability. This role will oversee all financial reporting, an annual operating budget of $11 million, investments and total assets of close to $350 million, forecasting, financial analysis, and compliance requirements. The CFO will work closely with the CEO and the SJHCF Board of Trustees to develop and implement financial and investment strategies that support the organization’s mission and goals. The CFO is a member of SJHCF’s executive leadership team (ET) and is responsible for the financial and investment leadership of the Foundation.
This position requires a broad range of knowledge and experience across numerous business disciplines including investments, accounting, fund accounting, financial management, risk management, compliance, and gifts and grants processing. The CFO will interface extensively with the CFO for Providence’s Southern Coastal Region, as well as Saint John’s Health Center’s ministry leadership team and Saint John’s Physician Partners accounting representatives in administering grants and reimbursing expenses. This position is accountable for working with the entire Foundation team to determine strategies and efforts to achieve operational goals and budgets.
Essential Functions:
Financial Management
Develop and implement financial strategies that support the organization’s mission and goals.
Manage and oversee all financial operations, including accounting, budgeting, forecasting, and financial analysis.
Ensure the accuracy and completeness of financial records, including the general ledger, accounts payable, payroll, and other financial systems.
Prepare and present financial reports to the CEO and Board of Trustees, providing analysis and recommendations as needed.
Ensure compliance with all financial reporting and regulatory requirements, including tax filings, audits, and other reporting requirements.
Manage relationships with external partners, including banks, auditors, and other financial service providers.
Lead and/or work with outside counsel on all legal/compliance functions for the foundation’s protection.
Budgeting and Forecasting
Develop and oversee the $11 million annual budgeting process, working closely with the ET and other stakeholders to develop realistic and achievable budgets
Monitor actual performance against budget and provide regular updates and analysis to the CEO and Board of Trustees.
Develop and maintain financial forecasting models that support long-term financial planning and decision-making.
Investments
Provide professional oversight of the foundation’s investment consultant and advisors and work closely with the foundation’s Investment Committee to ensure effective administration of its investment program.
Work with the foundation’s investment consultant to monitor investment performance on total investments of $250 million (including endowments of close to $100 million).
Ensure compliance with the Investment Committee’s policy guidelines, promptly and accurately meet Investment Committee calls and distribution allocations, and report to the Investment Committee and the Board.
Ensure timely and accurate reporting of investment activity.
Stay apprised of new developments and opportunities that relate to investment strategies in the sector.
Strategic Planning and Leadership
Work closely with the CEO and ET to develop and implement strategic plans and goals that support the organization’s mission and vision.
Lead both the Finance and Investment Committees, collaborating with Committee Chairs and other committee members to provide strategic financial guidance and support to the organization.
Provide support to, and attend all meetings of the Audit and Compliance Committee.
Provide leadership and mentorship to the finance team, fostering a culture of continuous improvement and professional development.
Model and instill a service orientation and continuous improvement culture that inspires a high-performing professional staff; use strong organizational planning and communication skills to implement comprehensive foundation-wide systems and decision-making rooted in a best practice mindset.
Empower and develop a team with diverse skill sets to competitively strive for improved operational solutions and sustainable growth.
Cultivate buy-in, commitment, and teamwork through alignment, accountability, and rewarding team accomplishments.
Collaborate with other senior leaders to develop and implement strategies that support the organization’s mission and goals.
Board Relations and Reporting
Report on the financial performance of the organization to the Board of Trustees, including regular updates on budget performance, forecasts, and financial risks and opportunities.
Collaborate with the CEO and Board of Trustees to develop and implement financial policies and procedures that align with the organization’s values and strategic goals.
Represent the organization at internal and external events and meetings, providing financial guidance and support as needed.
Oversee all tax filings and compliance requirements, ensuring that the organization is in compliance with all relevant laws and regulations.
Manage relationships with external auditors and other financial service providers to ensure compliance with all reporting and regulatory requirements.
Executive Leadership
Thought partner to the CEO on all financial matters including current investment approach and future strategies and ensuring that financial and investment operations functions and offerings are aligned with the foundation’s mission, values, and purpose.
Collaborate with the CEO and ET to steward resources at the foundation; provide the internal structure required with an emphasis on refining current priorities and with an eye to the future; regularly undertake strategic modelling, planning and stress-testing; and align resources to meet agreed-upon goals.
Qualifications :
Bachelor's degree in Accounting, Finance, Business, or related fields
Master's degree in Business Administration (preferred)
12 or more years of progressively responsible experience in financial management, with at least 5 years in a nonprofit organization.
9 years of demonstrated leadership experience.
5 years of experience in fund accounting (preferred)
CPA (preferred)
CFA or experience with investment management (preferred)
About Providence
At Providence, our strength lies in Our Promise of “Know me, care for me, ease my way.” Working at our family of organizations means that regardless of your role, we’ll walk alongside you in your career, supporting you so you can support others. We provide best-in-class benefits and we foster an inclusive workplace where diversity is valued, and everyone is essential, heard and respected. Together, our 120,000 caregivers (all employees) serve in over 50 hospitals, over 1,000 clinics and a full range of health and social services across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. As a comprehensive health care organization, we are serving more people, advancing best practices and continuing our more than 100-year tradition of serving the poor and vulnerable.
The amounts listed are the base pay range; additional compensation may be available for this role, such as shift differentials, standby/on-call, overtime, premiums, extra shift incentives, or bonus opportunities.
Providence offers a comprehensive benefits package including a retirement 401(k) Savings Plan with employer matching, health care benefits (medical, dental, vision), life insurance, disability insurance, time off benefits (paid parental leave, vacations, holidays, health issues), voluntary benefits, well-being resources and much more. Learn more at providence.jobs/benefits.
About the Team
The Sisters of Providence and Sisters of St. Joseph of Orange have deep roots in California, bringing health care and education to communities from the redwood forests to the beach shores of Orange county - and everywhere in between. In Southern California, Providence provides care throughout Los Angeles County, Orange County, High Desert and beyond.
Our award-winning and comprehensive medical centers are known for outstanding programs in cancer, cardiology, neurosciences, orthopedics, women's services, emergency and trauma care, pediatrics and neonatal intensive care. Our not-for-profit network provides a full spectrum of care with leading-edge diagnostics and treatment, outpatient health centers, physician groups and clinics, numerous outreach programs, and hospice and home care, and even our own Providence High School.
Providence is proud to be an Equal Opportunity Employer. We are committed to the principle that every workforce member has the right to work in surroundings that are free from all forms of unlawful discrimination and harassment on the basis of race, color, gender, disability, veteran, military status, religion, age, creed, national origin, sexual identity or expression, sexual orientation, marital status, genetic information, or any other basis prohibited by local, state, or federal law. We believe diversity makes us stronger, so we are dedicated to shaping an inclusive workforce, learning from each other, and creating equal opportunities for advancement.
Requsition ID: 317022
Company: Providence Jobs
Job Category: Finance Operations
Job Function: Finance
Job Schedule: Full time
Job Shift: Day
Career Track: Leadership
Department: 7006 PSJHC FOUNDATION
Address: CA Santa Monica 1919 Santa Monica Blvd
Work Location: Saint John's Health Ctr Foundation-Santa Monica
Workplace Type: On-site
Pay Range: $84.19 - $137.24
The amounts listed are the base pay range; additional compensation may be available for this role, such as shift differentials, standby/on-call, overtime, premiums, extra shift incentives, or bonus opportunities.