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Reports To: President and CEO

Organizational& Position Scope:
Operating Budget – $164M
Employee Size- 2,500 employees
Individuals Served- 680 Residential; 470 Day-only; 375 School
Functional Responsibilities – Revenue Cycle; Budgeting and Financial Management; General Accounting; Accounts Payable; Payroll; Facilities & RealEstate

Position Summary:
Provides strategic leadership to finance function, systems and processes, to achieve best in class financial and operational excellence in support of Bancroft’s Mission and Values. Acts as the subject matter expert for all fiscal matters, providing advisory services and reporting to the President and others as appropriate. Attends Board of Trustees meetings, and actively participates in the Board’s Finance Committee and Investment Committee meetings. Also oversees and provides strategic direction for the Facilities department.

Essential Responsibilities:

  1. Advises the President & CEO, the Board of Trustees, and senior management on the financial implications of business activities. Plays a key role in the Bancroft’s strategic planning process and helps initiate, advise and critique financial arrangements Bancroft might consider such as capital projects, investments, mergers and acquisitions and strategic alliances. Makes recommendations to strategically enhance financial performance; prepares special analyses/evaluations in support of major business decisions; collaboratively develops operating policies and procedures and improvement programs for the attainment of corporate objectives.
  2. Collaborates with the management team to establish and implement short and long-range organizational goals, objectives, strategic plans,  policies, and operational procedures; monitors and evaluates  programmatic and operational effectiveness and effects changes  required for improvement. Establishes credibility throughout the organization and with the Board as an effective developer of solutions to financial, business and operational challenges.
  3. Develops and  implements  the  organization’s financial and  funding strategy.Establishes integral banking relationships and builds a compelling value in order to attract lenders and other financial institutions. Directs and recommends financing activities. Manages financial relationships with investors and lenders, and takes responsibility for securing debt financing where appropriate. Directs the organization’s compliance reporting practices for bank and funding sources. Negotiates best available credit and use of capital.
  4. Accountable for all cash management, treasury and debt financing. Controls all investments and cash flow to enhance operations. Maintains Organization’s investment policy and manages cash and investments according to the approved policy. If available, decides the criteria and options for investing excess funds. Manages cash flow and reporting to ensure cash requirements are covered at all times.  Recommends, assesses and implements efficiency or cost-saving and revenue enhancement options.
  5. Develops, implements and continually improves reporting for    various organization functions to identify trends and opportunities for improved performance. Analyzes organization financial and operational data to highlight positive and negative trends to upper management in the areas  involving financial matters and their impact on operating practices.
  6. Accountable for the preparation of the annual operating and capital budgets, budget tracking reports, monthly, quarterly and annual forecast updates and other financial and business  Creates financial scenarios. Directs, plans, organizes, coordinates and evaluates financial programs including expenditures of funding and conservation of assets, ensuring compliance with regulatory agencies while managing appropriate internal control safeguards.
  7. Approves unbudgeted capital projects within the limits of his delegated authority under the organization’s Authorizations and Procedures Related to Contract Obligations Policy. Responsible for arranging financing for those capital projects that require external funding.
  8. Actively participates with external advocacy and other professional organizations to support Bancroft’s short-term and long-term goals and objectives. Effectively collaborates and builds positive working relationships with all funder organizations and representatives, including but not limited to The Department of Human Services (DHS), The Division of Developmental Disabilities (DOD), The Department of Children and Families (DCF), the Department of Education (DOE), commercial payors, and other licensing or state agency or municipalities.
  9. Provides strategic leadership and develops Finance and Facilities teams. Attracts, develops and retains competent and committed staff. Establishes clear performance objectives for  each direct  report, and models accountability for entire leadership team.

10.Responsible for ensuring compliance with state and federal laws and            regulations in fiscal related matters. Abides by the Bancroft Code of              Ethics, Mission Statement, and Vision Statement in promoting ethical            behavior, establishing relationships and providing guidance in                      decision-making situations.

Position Requirements:

Education & Experience:
Bachelor of Science degree in Accounting or Finance required. MBA/CPA strongly preferred. Minimum of 15-20 years related finance experience, with at least 7 years in a senior executive role; prior strategic operational experience strongly preferred.

Experience in a non-profit environment is strongly preferred; human services and/or healthcare experience is ideal. Technically adept in all areas of accounting and financial management including cash flow management, financial analysis, earnings projections, budgeting, reporting and risk assessments. Ability to analyze financial data and prepare financial reports, statements and  projections. Experience with cash management, treasury and debt financing. Experience with capital improvement budgets and financial management of capital projects, including land and   property  acquisition and development, site expansion, construction financial management, etc.

Strong business and operational acumen achieved through prior experience and success is essential.

Special Skills:
Ability to synthesize financial and operational data and processes to understand relationships and partner on improvements.  Must be a strong collaborator that can effectively build consensus across multiple organizational levels to achieve optimal results and buy-in. Strong executive presence, communication, customer service, team building and conflict resolution skills are essential. Must be a decisive leader with a high degree of integrity, accountability and performance orientation. Able to effectively prioritize and manage multiple changing responsibilities. Excellent technical, communication and systems skills, and a process-based orientation to continuous improvement is essential. Valid driver’s license required in incumbent’s legal name and current address with no provisional restrictions.

If interested, please email your resume to toni.pergolin@bancroft.org

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