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Vaco by Highspring

CFO

Vaco by Highspring, Westerly, Rhode Island, us, 02891

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Base pay range $185,000.00/yr - $215,000.00/yr

Director, Executive Recruiting | Accounting & Finance | Human Resources | Permanent Placement | Client Relations Vaco is working with a leading nonprofit health and human services provider in Connecticut offering integrated care to individuals and families across the region. The organization emphasizes compassionate service, collaboration, and community impact.

They are looking for a CFO to guide the organization's financial strategy and ensure the smooth functioning of its fiscal operations. In this role you will oversee budgeting, accounting, grants administration, and revenue processes, and serve as the primary point of contact for financial institutions, external advisors, and insurance partners.

Leadership & Department Oversight

Provide direct leadership to the finance leadership team, set performance expectations and ensuring alignment with organizational policies and statutory requirements.

Establish operating practices that support the organization's long‑term financial goals, including evaluating emerging opportunities and risks across programs and business lines.

Track economic and industry trends and assess their implications for the organization's strategic direction.

Financial Strategy & Organizational Guidance

Monitor financial strength and recommend adjustments to strengthen sustainability and performance.

Evaluate the financial implications of operational decisions and present findings to senior leadership.

Serve as the senior finance representative on the executive team and act as the principal liaison to the Board of Directors, including support for various committees.

Maintain and improve departmental systems, tools, and workflows, ensuring all team members are proficient with the organization's accounting, billing, and grants‑management platforms.

Accounting, Reporting & Compliance

Oversee the annual budgeting cycle, ensuring thorough, timely preparation of both operating and capital budgets. Lead the creation of accurate recurring financial reports needed for compliance, internal review, and strategic planning.

Manage procedures related to procurement, purchasing, payables, and receivables.

Ensure adherence to all state and federal audit standards; manage the production and submission of audited financials and cost reports.

Direct the financial components of grant applications and ensure that all grants, contracts, and contributions are tracked, recorded, and utilized in accordance with donor and regulatory requirements.

Provide oversight for Revenue Cycle Management (RCM), ensuring the optimization of reimbursement processes, the integration of new technologies, and the elimination of operational bottlenecks.

Investments, Assets & Risk Management

Work with financial custodians and advisors to monitor endowment performance and ensure compliance with investment policies, spending rules, loan covenants, and related agreements.

Monitor leases, tax responsibilities, and required filings; validate that insurance coverage sufficiently protects the organization, its people, and its assets.

Required Skills & Core Competencies

Expertise in MS Office with advanced competency in Excel.

Hands‑on experience with enterprise‑level accounting platforms, including purchasing modules.

Experience with HR/payroll platforms (e.g., Paylocity) and clinical or practice management systems (e.g., Epic).

Working knowledge of federal grant reporting systems and payment management requirements.

Background & Experience

Master's degree in Accounting or Business Administration, plus 10 years of related experience; or equivalent combination of education and experience.

Substantial leadership experience in finance with progressive responsibility over the course of one's career.

Prior experience in nonprofit organizations, healthcare, or federally qualified health centers is highly advantageous.

Proven capability in managing compliance across finance, billing, grants, investments, and accounting functions.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. The salary range for the role is disclosed in this posting. The individual may also be eligible for discretionary bonuses and can participate in medical, dental, and vision benefits as well as the company's 401(k) retirement plan.

As required by local law, Vaco/Highspring notes the salary range for the role is noted in this job posting. The position Vaco/Highspring is filing for is occupied. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.

Seniority level

Executive

Employment type

Full‑time

Job function

Accounting/Auditing

Industries

Hospitals and Health Care

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