CFO (Fractional / Part-time)

Background

Vital Healthcare Capital (V-Cap) is a mission-driven Community Development Financial Institution (CDFI) that finances development of quality healthcare and good healthcare jobs in low-income communities. V-Cap supports community-based healthcare providers through flexible and advantageous financing, targeted development services, and strong community partnerships.

We are committed to diversity, equity and inclusion throughout our organization, including in our equal opportunity employment practices. We encourage mission-driven individuals with strong financial acumen, who bring a passion about making a difference in our world, to consider joining V-Cap in our mission to make change happen!

 

Summary

We seek an experienced CFO for a PART-TIME role, who brings a mission-driven orientation and a deep commitment to the growth of our organization.

In this part-time role reporting to V-Cap’s CEO, the CFO is responsible for directing the fiscal functions of the organization in accordance with generally accepted accounting principles. V-Cap’s CFO ensures reporting and compliance requirements are met for federal and regulatory agencies governing qualified Community Development Financial Institutions (CDFIs).

The CFO must be able to meet flexible business demands, including quarterly and year-end financial closings. Some limited travel as appropriate, for office meetings, board presentations, funder presentations.

This is a part-time position, remote-based, ideally based in the NYC metro area.

Responsibilities

Financial Functions include:

1. Plan, develop, organize, implement, direct and evaluate the company’s fiscal function and performance. This includes:
   • Quarterly and Year-end Financials, including federal and state required filings, e.g. Form 990
   • Budget planning and review
   • General Ledger Transactions
   • Audit coordination
   • Cash Management, including building banking relationships, review and enhancements of cash position and hands-on banking transactions, accounts payable review and processing, and bank reconciliations.
   • Contributing financial oversight and details in funding applications and reporting
2. Provide timely and accurate analysis of budgets, financial reports, projections and financial trends in order to assist the CEO and Board in decision making.
3. Provide review of and support for credit services, including V-Cap loan portfolio management and loan closing services, provided by Self-Help.
4. Primary finance liaison with external sources of debt, including Federal Home Loan Bank of NY (FHLBNY). Manage pledging of V-Cap assets to FHLBNY as collateral for advances to V-Cap.
5. Provide strategic financial input and leadership on decision making issues affecting the organization.

General administrative operations include:

1. Oversight of Payroll and Benefits which are primarily provided through V-Cap’s PEO. V-Cap’s 403(b) retirement plan is outside of the PEO and overseen by V-Cap’s CEO. Responsible for evaluation, integration, and compliance oversight, including ensuring related withholdings and filings are completed;
2. Business / operational insurance coverage procurement, management and compliance requirements;
3. Office leasing requirements oversight and review.

Requirements

Required Education and Experience:

Bachelor’s degree required with a minimum of 7 years of related industry experience in a CDFI or Community Health Center, or related nonprofit experience.   MBA / CPA or other advanced finance / business degree a plus.

Competencies Required:

• Strong financial leadership experience with ability to contribute hands-on in all aspects of small nonprofit financial role.
• Business acumen to support leadership team and board members in using data/metrics for decision making.
• Polished communication skills (written and verbal).
• Experience with QuickBooks Online.
• Proficiency with MS Office suite and G-Suite products.
• High standards of ethical conduct.

Compensation and Benefits

Compensation is based on skills and experience, appropriate to the part time/fractional nature of this role.

How to Apply

Interested candidates should submit resume and letter of interest to V-Cap at [email protected].