Chief Financial Officer
Board of Child Care
What is this job?
As a member of the Executive Leadership Team at the Board of Child Care, the Chief Financial Officer (CFO) provides strategic, forward-thinking insight and leadership in the areas of finance, facilities, and information technology. They oversee management and strategic decision-making, financial outcomes, and objectives of Board of Child Care (BCC) with the Board of Directors, the Executive and Senior Leadership Teams of BCC. They ensure the appropriate and adequate stewardship of BCC assets and mitigation of risk to ensure the efficient and safe delivery of BCC’s purpose, enriching communities, one family at a time.
Using their strategic-thinking and professional insight, this individual can identify, research, select, and champion the implementation of large projects and initiatives that transcend across teams and programs and sustain the desired change over time. They are a change leader that seeks and finds ways to modernize and streamline processes while ensuring the teams under their responsibility maintain a customer-centered approach. Key Performance Indicators are used to help to determine if all departments are making an impact, demonstrating value, managing resources and focusing on improvement efforts.
The CFO reports directly to the President & CEO (check out boardofchildcare.org for the executive team’s bio’s). They will use data to empower other executive leaders and the board of directors in their decision-making process. Their ability to analyze industry and economic trends, as well as shape strategy and annual priorities within the finance, facility, and information technology teams, are both critically important.
What is this company? Board of who?
We would agree with you that our name is not the greatest and actually have a new name being rolled out in 2024! The Board of Child Care is not a federal or state agency. It is an independent not-for-profit, 501(c)3 organization that is focused on serving children and their families. It has evolved and adapted from orphanages opened 140+ years ago to being a leader in providing high-quality behavioral health, educational, and residential services across United States. BCC as a whole has approximately 700 employees, an annual budget of about $55 million, and the majority of its employees are in MD, WV, PA, and DC.
Required Education and Experience
- Bachelor of Arts degree in a related field from an accredited college or university.
- A minimum of 10 years of documented, progressively responsible experience in overseeing finance teams, with at least five years of executive finance experience.
- A minimum of three years of supervisory experience with two or more direct reports
- A minimum of two years of experience with direct responsibility for facilities and information technology teams.
Preferred Education and Experience
- A master’s degree in a related field from an accredited college or university.
- Not-for-profit sector experience preferred.
- Experience working within a multi-jurisdiction environment preferred.
- Knowledge of Sage Intact (financial ERP system) a plus.
- Experience working with project management software (e.g. Asana.com) a plus.
What does the Chief Financial Officer do specifically?
- Model and act in accordance with BCC’s core values: safety, empathy, relationships, and impact.
- Honor differences, acknowledge uniqueness, and amplify all voices. Partner with BCC’s Equity, Diversity, and Inclusion (EDI) committee to build (and participate) in trainings and group experiences that strengthen BCC’s commitment to EDI. Model the use of inclusive language.
- Demonstrate and practice BCC’s leadership mindset, “Choose kindness. Solve problems and learn together. Make it happen.”
- Work closely with the Board of Directors, President and CEO, Executive Leadership Team, and Senior Leadership Team to assist BCC in achieving its purpose.
- Collaborate on the development of BCC’s overall strategic plan, work across all teams to ensure the plan becomes operational.
- For each department under the CFO’s responsibility develop and execute annual projects and goals that support BCC’s overall strategic plan. Ensure the plans are coded into and updated regularly within Asana.com.
- Provide professional staff leadership to the Asset Management committee (AMC) of the BCC Board of Directors. Attend and actively participate in Board of Director’s meetings as well as any appropriate ad hoc and other subcommittees of the Board of Directors.
- Maintain assigned external relationships including federal, state, and other partners.
- Manage all financial, project/program, donation, and grants accounting. Provides oversight and control of investment policy compliance, the system of internal control, and other accounting procedures.
- Lead annual budgeting and planning process in conjunction with the Executive Leadership Team.
- Ensures the delivery of timely and accurate monthly, quarterly, and year-end financial reports for the Board, Executive Management, and other organizational stakeholders.
- Ensure BCC is registered as a charitable agent in all states that require such registration where BCC solicits donations.
- Create and implement policies and procedures to strategically manage assets and resources of BCC, including the use of outside consultants or outsourced operations as needed.
- Provides oversight of capital expenditures, including identification, prioritization, and implementation schedule of projects.
- Lead master planning for each BCC property. Work with the Executive Leadership Team to review long-term visioning ideas that further BCC’s charitable purpose and connect those ideas with how BCC’s assets and the physical plant would need to evolve (e.g. renovated, procured, sold) to meet those goals. Provide oversight and management to the risk management functions of BCC related to commercial lines of insurance and business continuity.
- Lead the overall strategy and vendors overseeing optimization of revenue cycle operations, systems, policies and procedures, charges, claims processing, and self-pay collections.
Operations and IT
- Ensure direction, leadership and strategy with regard to the internal information technology team and supporting vendors.
- Ensure that appropriate technological and software systems are in place to support programmatic objectives and facilitate the delivery of quality, client-focused services while managing current and future growth.
- Confirm technology solutions and business practices are configured by the internal team and external vendors to maximize business continuity, are up to date and protected against known cyber security threats and ensure HIPAA compliance.
- Provide Executive level leadership to the facilities team. Ensure they are managing the daily work orders (tickets) in a timely fashion, completing regularly scheduled maintenance, and managing any open construction projects effectively. Ensure facility directors maintain corporate vehicles and complete repairs in a timely manner.
- Negotiates office space lease and renewals as needed.
- Ensure procurement policy and procedures are followed.
How big is the CFO’s team at BCC?
The CFO has four direct reports: a Director of Finance, two Directors of Facilities (each overseeing a portion of BCC’s footprint), and an IT Manager. All these roles are currently filled and operational. In total, the Finance, Facilities, and IT teams represent 28 full-time roles. They are primarily located at BCC’s headquarters on its Baltimore campus, but some positions are based out of WV and PA. Finalists for this position will be given full organizational charts and other helpful departmental and organizational information prior to their final interview.
Where is this job based? Is this an in-person position?
This is a full-time, in-person position. BCC’s preference is that this role is based out of our Baltimore headquarters (where all other members of the executive are based), but we welcome applicants that would prefer a primary office location of Martinsburg, WV or Mechanicsburg, PA. Due to space constraints, we are unfortunately not able to have this role based out of our DC location. Travel between all sites is expected on a somewhat frequent basis.
Days and hours of work are Monday through Friday, 8:30 a.m. to 5:00 p.m. BCC has a flex schedule policy that may allow this role to shift the start time a little earlier or later in the day. BCC has a telework policy that allows up to one day a week of remote work, with flexibility for life’s unpredictable moments and weather. If you have specific scheduling needs they can be discussed with our recruitment team or with the CEO during the interview process.
What does the benefits package look like?
- Accrue vacation at the rate of 6 weeks per year, plus two floating holidays to use, plus nine paid holidays when BCC is closed.
- Paid sick and bereavement leave
- Up to 3% annual match to retirement contributions
- Health insurance is available via CareFirst BlueCross BlueShield.
- Applicants are welcome to request our full benefit guide for further details.
- Compensation will be commensurate with experience. The approximate base starting salary for candidates meeting the minimum experience and other requirements is $175,000.
Other Job Requirements
- This position requires you to drive BCC vehicles. Must have a valid, active, driver’s license with less than 7 points.
- Must be at least 21 years old.
- Background check and drug screen required
- The job responsibilities posted here are intended to be a summary of key responsibilities. A full and more detailed job description will be provided during the interview process.
The Board of Child Care is an equal opportunity employer by choice committed to excellence through diversity. All eligible candidates, regardless of personal characteristics, are encouraged to apply for vacancies as appropriate. Click here for additional information.