Public Health Institute: Chief Financial Officer Author By:
National Network of Public Health Institutes Date June 8, 2020
Overview: Reporting directly to the President and Chief
Executive Officer (CEO), with cross-functionality within the
organization, the Chief Financial Officer (CFO) is responsible for
the establishment of PHI financial strategy, objectives, policies,
and practices and directs the fiscal and fiduciary responsibilities
for PHI, in conjunction with the CEO and Board of Directors, and in
accordance with generally accepted accounting principles. The CFO
leads financial planning and analysis, budgeting and resource
planning, and provides oversight for all financial transactions and
records. The incumbent works in close partnership with the CEO, and
members of the PHI leadership team to provide strategic and
financial review of growth opportunities and new revenue sources
including new business and program opportunities. The incumbent
directs the preparation of financial statements for the Board, the
senior leadership team and regulatory agencies.
Responsibilities: Direct PHI financial functions including:
accounting, budgeting, cash receipts and disbursements, financial
planning and analysis; accounts payable, procurement, financing,
banking, investments, risk management, taxes and internal auditing
Provide thought leadership to CEO and Senior Management on all
financial matters; engage in all discussion and executive
decision-making regarding organizational structure, financial
management and performance of all PHI subsidiaries.
Partner with other members of senior leadership to assess new
program/business opportunities, analyze associated risks, determine
feasibility, and lead financial on-boarding support.
Advise CEO and senior staff leadership in determining highest
value alternatives to increase unrestricted net assets, optimizing
a return on investment perspective.
Provide leadership for, mentor and develop department staff.
Ensure effective policies and procedures; manage work allocation,
training, problem resolution, performance evaluation and the
building of an effective team.
Provide strategic financial input to the Board of Directors.
Treasury and Financial Systems:
Leverage technology to optimize transactional, reporting and
Maintain internal financial management, security control systems
and the integrity of the financial system of record.
Direct the treasury function of the organization, including
financing strategies, banking and investor relations, cash and
foreign exchange and lines of credit.
Reinforce and maintain local banking relationships. Consult with
banks and outside investment advisory firms regarding investment
Establish and maintain stable cash flow management policies and
procedures, develop cash flow forecasts and ensure cash resources
are available for daily and long-range financial plans.
Manage and track PHI’s unrestricted funds.
Establish and execute programs for the provision of the capital
required by the organization, including negotiating the procurement
of capital and maintaining the required financial arrangements.
Approve agreements concerning financial obligations, such as
contracts for products or services and other actions requiring a
commitment of financial resources.
Budgeting and Long-range Planning:
Direct the annual financial planning and budgeting process.
Design and coordinate budget development procedures. Monitor budget
throughout the year, establish and report on financial metrics,
provide updates to the Board executive committee.
Create data-based long and short term goals, budgets and
Responsible for long-range financial planning and establishment
of PHI financial objectives, policies and practices. Support
updates to PHI Policy Manual.
Assess organizational performance against both the annual budget
and PHI’s long-term strategy.
Analyze current and future business operations and plans to
determine financial effectiveness and sustainability.
Lead in the development and communication of financial policies
and procedures that enhance the organization’s successful
achievement of strategic plans.
Accounting and Financial Audit:
Manage the Accounting and Finance Department including
preparation of financial statements, budgets, audits, computer
financial applications, forecasts of income and expense, cost
analysis and other special projects.
Direct the internal audit function. Maintain internal control
safeguards and oversee all audit activities.
Establish procedures and controls for efficient and effective
operations of the accounts payable, cash receipts and chapter
billing systems as well as departmental financial and budget
Provide support to the Board of Directors, as it relates to
financial, audit, investment and banking matters.
Master’s Degree with an educational preference in finance,
accounting, or public administration, or CPA certification.
At least 10 years of progressively responsible experience in
Experience managing the finance function (accounting, budgeting,
control and reporting.)
Significant experience with federal audit and compliance
requirements for non-profits.
Strong analytical skills and experience interpreting a strategic
vision into an operational model.
Experience with the design and implementation of technology
solutions to support efficient and robust financial functions and
Excellent understanding of finance and accounting
Knowledge of Grants and Contracts management.
Knowledge/experience with state and federal government
requirements, including knowledge of grants administration and
accounting (including direct and indirect cost allocation).
Strong leadership skills and experience with managing,
mentoring, and developing staff.
Strong problem-solving skills.
Outstanding interpersonal, communication and negotiation skills
to communicate at all levels of the organization.
A collaborative and flexible style.
Ability to prepare and analyze complex financial reports.
Significant software expertise in Microsoft Excel, Access and
Demonstrated ability to work effectively at the Board level.
Experience with integrated ERP systems and strong understanding
of relational database structure. Familiarity with PeopleSoft is
Experience with international non-profit finance is a plus.
Plus to have profit and loss or for-profit business experience
developing financial business and investment plans.
To learn more about employment at PHI and current opportunities,
visit www.phi.org and click the “Employment” tab.
Our Mission: Support national public health system initiatives
and strengthen public health institutes to promote multi-sector
activities resulting in measurable improvements of public health
structures, systems, and outcomes.
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