Chief Financial Officer

ABOUT THE ORGANIZATION:

Operation PAR, Inc. is a non-profit organization offering the full continuum of services for individuals with substance use and/or mental health disorders. PAR has been providing comprehensive behavioral health treatment in west Florida since 1970 through advocacy, education, clinical services, and research.

BENEFITS:

• 9 paid holidays per year
• 3 weeks of PTO per year (on top of holidays). PTO increases to 4 weeks/year after 2 years of employment, and then to 5 weeks/year after 5 years of employment.
• Medical/Dental/Vision/Life Insurance
• 401k matching
• Tuition reimbursement
• Continuing education, reimbursement for professional certifications, licensure and qualified supervision.

Position Summary

The Chief Financial Officer (CFO) is the senior executive responsible for all fiscal and financial operations of the non-profit agency and its affiliates. The CFO provides strategic leadership, ensures financial integrity, and drives sustainable growth across a diverse nonprofit behavioral healthcare organization. This includes oversight of financial planning, accounting, billing and revenue cycle, contracts and grants compliance, procurement, and financial components of UR/UM and payroll.

The CFO plays a central role in diversifying revenue streams, modeling new business ventures, strengthening insurance billing revenues, and guiding the organization through a future with reduced traditional grant funding. The CFO serves as a key advisor to the President/CEO and works collaboratively with the executive team and other senior leaders to implement financially sound, mission-aligned strategies.

Essential Duties & Responsibilities

Strategic Leadership & Business Growth

• Serves as a key strategic partner to the President/CEO in setting organizational direction, financial sustainability plans, and long-term fiscal strategies.
• Leads financial modeling, feasibility analyses, and ROI assessments for new and emerging lines of business.
• Designs financial strategies to diversify revenue as traditional grant funding declines.
• Provides leadership in payor strategy, including serving as the lead negotiator for rate setting and contract terms when appropriate.
• Evaluates new grant opportunities, contracts, partnerships, and service expansions for financial viability and long-term sustainability.
• Supports the development of multi-year financial forecasting using scenario planning based on known funding variables.
• Ensures capital expenditures, site improvements, and repairs align with budget and financial planning.

Financial Operations & Internal Controls

• Oversees all aspects of financial management including accounting, billing/revenue cycle, AP/AR, procurement, payroll, UR/UM financial functions, and financial reporting.
• Ensures the design, implementation, and monitoring of internal controls to safeguard assets, ensure accuracy of financial reporting, and maintain compliance with State, Federal, and grant requirements.
• Maintains adherence to GAAP, sound business practices, and nonprofit financial standards.
• Oversees the annual budgeting process, mid-year revisions, and ensures alignment with the agency’s strategic plan.
• Ensures timely, accurate monthly and quarterly financial statements and dashboards for leadership and the Board’s Finance Committee.
• Reviews and approves all contracts and leases; assists in negotiations with third parties.
• Reviews all agency contracts that include any financial commitment, ensuring alignment with budget capacity, reimbursement structures, revenue potential, and fiscal compliance requirements. Evaluates reporting requirements, outcome measures, and financial deliverables to ensure the agency meets or exceeds contractual obligations.
• Directly oversees Purchasing/Procurement to ensure competitive pricing, vendor compliance, and cost-effective resource management. Ensure policies and procedures are compliant with regulations for federal awards, CFR Part 200 Uniform Guidance.
• Responsible for all tax filings for the agency and completing applications for the renewal of insurance policies.

Billing, Revenue Cycle, and Payor Strategy

• Provides oversight and accountability for insurance billing, reimbursement processes, denial management, credentialing, and claims workflows.
• Leads payer contracting strategy and serves as primary negotiator when appropriate, collaborating with CEO/COO when another executive takes point.
• Analyzes costs of service delivery, sets reimbursement rates, and identifies opportunities to improve margins through billing optimization and operational alignment.
• Ensures billing practices meet all legal and regulatory requirements, including DCF/65D-30 financial components and payer-specific standards.

Audit, Compliance & Financial Risk Management

• Leads the annual independent financial audit and ensures timely preparation of materials, responsiveness to findings, and implementation of corrective actions.
• Oversees financial compliance for all grants and contracts, including funder site visits and cost allowable reviews.
• Partners with the Compliance Officer to ensure alignment across billing integrity, documentation standards, and regulatory expectations.
• Monitors enterprise-level financial risks, including cash flow, insurance coverage, payor stability, and liability exposure.

Leadership, Culture, and Team Development

• Leads a multi-unit finance division of approximately 12–17 staff across several functions.
• Builds a high-performing, collaborative, mission-driven team culture.
• Prioritizes leadership development, cross-training, professional growth, and succession planning within the finance department.
• Demonstrates strong interpersonal and communication skills; fosters productive relationships with peers, funders, auditors, and internal stakeholders.
• Exhibits fairness, impartiality, and strong judgment in managing personnel and resolving departmental challenges.

Board & External Relations

• Provides regular financial presentations, analyses, and recommendations to the CEO and the Board Finance Committee.
• Represents the agency in finance-related meetings with funders (DCF, CFBHN, LSF, FBHA, counties), auditors, payors, partner agencies, and other external stakeholders.
• Supports strategic initiatives that require financial modeling or funding strategy input.
• Ensures timely response to board inquiries, financial risks, and compliance matters.

Knowledge, Skills & Abilities

• Deep understanding of nonprofit financial management, multi-fund budgeting, restricted/unrestricted funding, and grant cost accounting.
• Solid knowledge of Government Auditing Standards and Uniform Guidance requirements for federal awards.
• Strong business acumen and entrepreneurial mindset with demonstrated success in revenue diversification and business development.
• Expertise in insurance billing models, managed care, Medicaid/Medicare, and value-based reimbursement strategies.
• Advanced skills in financial analysis, forecasting, cash flow management, and organizational performance measurement.
• Strong understanding of internal controls, audit processes, and regulatory requirements for behavioral health and nonprofit organizations.
• Exceptional leadership, communication, and interpersonal skills with the ability to translate financial concepts for non-financial staff.
• Ability to manage multiple priorities, meet deadlines, and lead through change in a fast-paced environment.
• Experience with complex financial and billing systems; familiarity with MS Dynamics Great Plains is a plus.

Education & Experience Requirements

• Bachelor’s degree required. Advanced degree (MBA, MPA) or CPA preferred but not required.
• Minimum of 7–10 years of progressive financial leadership, including CFO or senior-level financial experience, ideally in:
  • A nonprofit organization of similar size (400–500 staff) and $30M budget.
  • Multi-site or multi-county operations
  • Organizations with diverse funding streams and complex payer mixes
• Demonstrated success in scaling revenue, launching or modeling new business lines, or leading organizations through major funding transitions.

Working Conditions

• Works across multiple counties and locations as needed for oversight of financial operations.
• Occasional evening/weekend availability for board meetings, audits, or urgent financial matters.

SPECIAL REQUIREMENTS:

• Valid driver's license
• Must pass level II background (https://info.flclearinghouse.com) and drug screen
• Must maintain current training as required by Operation PAR, Inc. policies