Location
Spokane, WA | United States
Job description
Hiring Organization Information
Organization Name:
Empire Health Foundation
Website:
http://www.empirehealthfoundation.org/
City:
Spokane
State:
WA
Position Information
Employment Type:
Full time
Experience Level:
Professional
Salary Range:
$150,000 to $165,000
Job Category:
Finance | Accounting
Organizational Overview:
Empire Health Foundation (EHF) believes communities hold the solutions to the most pressing issues they face, and the foundation is dedicated to a community-centered approach to building healthy and thriving communities in eastern Washington. EHF is a private health conversion foundation formed in 2008 with philanthropic assets of approximately $103M, including $20M designated as a 501(c)(4).
EHF was formed in 2008 through the sale of Deaconess and Valley Medical Center, a nonprofit hospital system in Spokane. EHF’s early entrepreneurial years focused on advancing the organization’s own bold vision and funding a range of efforts to see what would stick. For much of its history, EHF sought “bright spots” elsewhere and applied those approaches in the Inland Northwest. Although undertaken with the best of intentions, those approaches prevented the foundation from seeing that true health comes from within communities—from thriving families and strong social networks—from a deeper kind of healing. This healing must address historical injustices and persistent inequities, and it must lead to substantial and sustainable change. To do so, it must draw on the cultural strengths of the communities served. The Equity Healing Framework, adopted in spring 2022, outlines the foundation’s commitment to health equity and how the foundation is now approaching partnering with communities across the Inland Northwest.
This evolution has meant transitioning several subsidiaries incubated by the foundation in its early years to independent nonprofit organizations and renewing the foundation’s focus on community relationships and its core grantmaking partnerships. A legal settlement with Community Health Systems in 2019 launched the Empire Health Community Advocacy Fund (EHCAF), a $20M 501(c)(4) endowment. The foundation also works in partnership with the Washington Department of Commerce and the Margaret A. Cargill Foundation to bring additional resources to the Inland Northwest. Today, EHF’s service region includes seven counties and is home to the Colville Confederated, Spokane, and Kalispel tribes.
The foundation is also committed to ensuring mission and values alignment in the stewardship and leveraging of its endowment. Working in partnership with Rockefeller Philanthropy Advisors, EHF began exploring impact investing through the alignment of the endowment, MRIs, and PRIs to leverage its resources more fully for impact. In 2024, EHF will complete a new strategic plan that puts the leadership of communities at the center of its approach, integrating (c)(3) and (c)(4) grantmaking strategies along with impact investing. For more information, please visit empirehealthfoundation.org.
Role Responsibilities:
The Leadership Opportunity
The Senior Finance Director will be a strategic team leader who thoughtfully stewards the foundation’s resources in support of its equity-focused mission. Reporting to the President, they will provide leadership and oversight to the finance department’s core functions: sound, accurate, and transparent accounting, budgeting, planning, reporting, compliance, and resource stewardship.
Contribute to Organizational Effectiveness
- Lead financial planning and analysis, including forecasting and cost management in alignment with the foundation’s strategic plan and annual operating plan. Integrate continuous improvement in the annual budgeting process, ensuring a collaborative and values-aligned process.
- Proactively raise key issues regarding the foundation’s financial matters to the leadership team, making recommendations to ensure financial transparency, efficiency, and mission impact.
- Support an organizational culture of diversity, equity, and inclusion, applying inclusive leadership practices and internal equity standards to financial processes and practices, people management, and team collaboration.
- Provide regular communication to the leadership team and board of directors on the financial performance of the organization, including analysis of spending against benchmarks, budget variances, and investment trends. Provide input and direction to external communications regarding the foundation’s financial performance that help tell the story of the foundation’s impact.
Ensure Strong Financial Systems and Controls
- Provide ongoing oversight of EHF’s fiscal and investment operations that ensures transparent, effective, and mission-aligned stewardship of resources and assets.
- Direct the finance team in providing effective day-to-day accounting for grants and investments, general accounting matters, payroll, and financial operations.
- Provide effective controls and systems for meeting investment policies, including reconciliations of investment funds, accuracy of investment reporting, and oversight of spending distributions.
- Monitor financial laws and regulations impacting private operating foundations, maintain fiscal compliance and internal controls across all areas of responsibility, and recommend processes and strategies to meet legal and policy requirements for a 501(c)3, 501(c)4, and LLC enterprise.
- Develop, implement, and revise effective policies, practices, and tools to improve financial operations, including effective budgeting processes to better align resources with the mission and transparency of the management of disbursements and spending.
- Oversee the timely and accurate preparation of audits, 990 and 990-PF tax returns, and all financial filings required by law.
Develop and Nurture a Strong, Collaborative Finance Team
- Manage, mentor, and develop a strong finance team, managing work allocation, training, problem resolution, performance evaluation, and team dynamics; promote a collaborative, high-performance culture that values open communication, continuous learning, and quality improvement.
- Develop a finance staffing plan that is aligned with the foundation’s strategic plan and capacity needs.
- Mentor team members to be effective business partners who are recognized by foundation staff and board as trusted, reliable, and active partners in achieving strategic goals and objectives.
Support Organizational Governance and Overall Stewardship of Assets
- Support the board, President, and leadership team in forecasting, analyzing, and understanding financial trends and impacts stemming from the foundation’s operating model, investment strategies, and program initiatives.
- In partnership with EHF’s impact investing consultants and Vice President of Programs, develop and implement a phased approach to its impact investment program and provide effective monitoring and reporting on investment performance (including PRIs and MRIs) and major portfolio transactions to the President, Finance Committee, and board.
- Participate in all board meetings; serve as the primary staff to the board’s Finance Committee; and provide timely, useful, and accurate financial and management reporting to support effective board governance and decision-making.
- Oversee day-to-day management of the external investment advisor and other financial consultants. Support the board’s RFP process for investment managers and impact investing consultants.
- Provide input on the development of EHF’s investment policies and investment strategies.
Candidate Qualifications:
Qualifications of the Ideal Candidate
Financial and Sector Leadership
- At least seven years' experience in strategic financial management and people leadership for an organization of similar complexity. Familiarity with 501(c)(3) and 501(c)(4) organizations and expertise in navigating the tax compliance landscape for tax-exempt organizations.
- Demonstrated experience in financial budgeting, reporting, and analysis, preferably focused on nonprofit accounting and administrative management.
- Experience presenting and communicating financial risks to senior leadership and developing, collaborating on, and executing mitigation strategies.
- Strong knowledge and skills related to financial accounting and reporting standards such as defined by the Financial Accounting Standards Board or equivalent entities.
- Familiarity with financial management in philanthropic organizations, endowment or investment management, and impact investing is highly desirable but not required. CPA, finance, business, accounting, or nonprofit management degree preferred.
Management
- Thoughtful manager and collaborative team member with experience managing, training, developing, and directing finance and accounting staff and functions in a nonprofit or philanthropic setting; ability to motivate a diverse staff team in achieving goals through individual and team supervision, performance management, coaching, and professional development.
- Familiarity with the oversight of complex public and private funding streams and the correlating compliance and regulatory requirements.
- Experience building the kinds of controls, reporting, and forecasting capabilities that will support the creative programming strategies EHF will pursue.
- Experience effectively managing relationships with investment consultants and asset managers is highly desirable.
- Ability to communicate the organization’s fiscal position, history, and outlook in a manner that is clear, concise, and set in context for a diversity of audiences.
Personal Qualities and Attributes
- Commitment to working in a mission-driven, collaborative, and community-focused environment and an unwavering commitment to quality and excellence in financial management.
- A demonstrated appreciation for being part of a diverse and inclusive team and connection to the communities served by the organization.
- An optimistic outlook and the humor, integrity, and patience necessary to work within a transformative environment.
- Comfort making strategic decisions amidst ambiguity, anticipating challenges, and seeking diverse perspectives. Resilience, adaptability, and clarity required to advance informed, constructive solutions.
- Demonstrated ability to cultivate relationships and work effectively and respectfully with politically, ideologically, culturally, and geographically diverse people and communities.
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How to Apply
Application Contact:
[email protected]
Application Deadline:
Open until filled.
Application Instructions:
Carolyn Ho is assisting Empire Health Foundation with this search. Applications should be submitted through the application portal. Inquiries and nominations can be sent to [email protected].
How to Apply URL:
https://www.carolynhoconsulting.com/engagements/ehf-sr-finance-director
Job tags
Salary
$150k - $165k
