Chief Financial Officer

CHIEF FINANCIAL OFFICER

Agency Wide

FULL TIME -EXEMPT

As a CCBHC (Certified Community Behavioral Health Clinic), Thrive Behavioral Health provides a comprehensive range of high quality mental health and substance use disorder services that are accessible to all members of our community regardless of insurance status or ability to pay.

General Summary: The Chief Financial Officer (CFO) of Thrive Behavioral Health, you will oversee all aspects of the organization's financial management, ensuring sustainability and growth while aligning financial goals with the company's mission. The CFO will provide strategic leadership in financial planning, risk management, accounting, budgeting, financial reporting, and compliance. The ideal candidate will be a visionary leader with a strong financial acumen and experience in healthcare or behavioral health finance.

Location: Warwick, RI

Shift: First Shift, Monday - Friday

Salary: $130k-$155k, depending on experience

Essential Responsibilities:

• Financial Strategy & Leadership:
  
  
  
  • Develop and execute the organization's financial strategy in alignment with Thrive's mission, vision, and long-term goals.
  • Serve as a key advisor to the CEO, Board of Directors, and senior leadership team on all financial matters.
  • Provide leadership in financial forecasting, planning, and analysis to support decision-making and performance optimization.
  • Engage the finance committee of the board of directors to develop short, medium, and long terms financial plans and projections.
  • Oversee financing strategies and activities, as well as banking relationships.
  • Represent Thrive to financial partners, including financial institutions, investors, auditors, public officials.
  
  
  
  
• Budgeting & Financial Reporting:
  
  
  
  • Oversee the preparation, review, and presentation of monthly and annual budgets, financial statements, and other key financial reports such as the CCBHC Cost Report.
  • Ensure the accuracy of financial statements in accordance with Generally Accepted Accounting Principles (GAAP) and regulatory standards.
  • Establish and monitor financial performance indicators to evaluate organizational progress and efficiency.
  
  
  
  
• Cash Flow & Risk Management:
  
  
  
  • Manage cash flow, capital structure, and working capital to ensure operational efficiency and liquidity.
  • Identify financial risks and develop strategies for mitigation, including the management of insurance, debt, and investments.
  • Remain up to date on nonprofit audit best practices and state and federal law regarding nonprofit operations.
  
  
  
  

• Compliance & Governance:
  
  
  
  • Ensure compliance with federal, state, and local regulations governing the healthcare and behavioral health industry.
  • Lead and supervise audits, ensuring adherence to compliance and regulatory requirements.
  • Support organizational governance practices, including tax filings, reporting to regulatory agencies, and reporting to the Board of Directors.
  • Ensure timeliness, accuracy, and usefulness of financial and management reporting for federal and state funders, foundations, and the board of directors.
  • Ensure maintenance of appropriate internal controls and financial procedures.
  
  
  
  
• Team Management & Development:
  
  
  
  • Build and lead a high-performing finance team, providing mentorship and development opportunities.
  • Foster a collaborative and positive work culture within the fiscal department and across the organization.
  
  
  
  
• Grant Management & Funding:
  
  
  
  • Oversee the financial aspects of grant applications, funding, and reporting, ensuring all resources are maximized for program success.
  • Manage relationships with funding sources, including government agencies, private foundations, and other stakeholders.
  
  
  
  
• Technology & Process Improvement:
  
  
  
  • Oversee the fiscal department to ensure proper maintenance of all accounting systems and function.
  • Champion the implementation of financial technologies and tools to improve reporting, forecasting, and operational efficiency.
  • Continuously evaluate and improve financial processes to support the growth and expansion of the organization.
  
  
  
  

Key Attributes:

• Proficient in financial management, budgeting, forecasting, and reporting, with a deep understanding of accounting principles.
• Ability to align financial strategies with organizational goals, make data-driven decisions, and drive long-term growth.
• Familiar with financial challenges in healthcare and behavioral health, including funding models, reimbursement processes, and regulations.
• Proven experience managing and developing finance teams, with strong collaboration and communication skills across departments.
• Strong analytical skills for data-driven decision-making, with a focus on accuracy and attention to detail in financial reporting.
• Ability to thrive in dynamic environments, manage financial challenges, and lead through changes or crises.
• Commitment to transparency, accountability, and compliance with financial regulations and ethical standards.
• Proficient with financial software and systems, with a focus on process improvement and automation for efficiency.

Education, Experience and Competencies:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field (Master's degree preferred).
• CPA, CFA, or equivalent professional certification preferred.
• Minimum of 10 years of experience in financial leadership roles, with at least 5 years in a senior position (experience in healthcare or behavioral health preferred).
• Deep understanding of financial management, accounting principles, financial reporting, and regulatory requirements specific to healthcare.
• Proven experience managing and mentoring finance teams in complex, multi-faceted organizations.
• Strong communication and interpersonal skills, with the ability to build relationships across all levels of the organization and externally with stakeholders.
• Ability to thrive in a fast-paced, mission-driven environment, demonstrating flexibility and a solutions-oriented approach.

Certifications, Licenses Requirements:

• Valid driver's license and automobile insurance which meets Rhode Island minimum standards required, or the ability to obtain necessary transportation in order to perform the responsibilities/tasks of the job.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch, or crawl; talk or hear; taste or smell. The employee lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, and the ability to adjust focus.

This job description is not intended to be and should not be construed as an all-inclusive list of all the responsibilities, skills or working conditions associated with the position. While it is intended to accurately reflect the position activities and requirements, management reserves the right to modify, add or remove duties and assign other duties as necessary. Reasonable accommodations may be made to assist individuals with disabilities in meeting the expectations of the position.

EEO/VET/LGBTQ+ Employer

Benefits:

• 3 weeks' vacation to start, increases to 4 weeks after 2 years of employment
• 10 sick days per year
• 1 Float day
• Birthday off
• 11 paid holidays
• Paid lunch
• Low-deductible medical insurance plan
• Dental insurance as low as $0/month
• Vision Insurance
• Company-paid life insurance worth 2x your annual salary + Long Term Disability
• 401k with 2% company match
• Optional Aflac, additional life insurance, and pet insurance
• Employee Assistance Program
• Healthtrax Gym Discount
• Employee referral bonuses

All employees are considered benefit eligible if their schedule is 20 hours per week or more. Time-off balances are pro-rated for part-time employees.

Thrive believes in healthy work/life balance and a friendly/family working environment, whose values include Dignity, Respect, Teamwork and Professional Support and Development.