Chief Financial Officer
- Contact Information
ABOUT THE ORGANIZATION:
Possible is a nonprofit healthcare company that delivers high-quality, low-cost healthcare to the world’s poor. Pioneering a new approach called durable healthcare, Possible brings together the best of private, public, and philanthropic models, delivering healthcare through a hub and spoke healthcare unit built within the government’s existing infrastructure. Its model is designed to work fully for the poor in one of the world’s most impossible places, creating impact beyond a single site or intervention.
Since 2008, Possible has treated over 314,000 patients in rural Nepal and has built a team of over 300. In response to the 2015 earthquakes, the organization recently expanded its work to rebuild the healthcare system in one of Nepal’s worst-hit districts.
Possible has been consistently named one of the world\’s most effective nonprofits by The Life You Can Save (2013, 2014, and 2015). Learn more about Possible’s culture and work in this feature from First Round Capital entitled “This Culture Deck Powers the World’s Toughest Work.”
ABOUT THE POSITION:
The Chief Financial Officer (CFO) will play a critical leadership role as Possible enters a stage of aggressive and complex financial growth. Acting as a trusted advisor to the CEO and Board, the CFO will design and communicate the organization’s financial strategy, create world-class financial systems, and build and develop a global finance team.
Possible is seeking a CFO who will embrace nonprofit finance as an open field in need of elegant solutions instead of through the lens of a controller mindset. Most importantly, your orientation toward the work should align with the organization’s operating values, captured by Possible’s For-Impact Culture Code:
1. We put our patients first.
2. We embrace challenge with grit.
3. We treat efficiency as a moral must.
4. We think big.
5. We build simple.
6. We challenge conventional thinking.
7. We realize great design creates dignity.
8. We are transparent until it hurts.
9. We balance professional intensity with personal support.
10. We believe everything is impossible, until it isn’t.
Responsibilities include, but are not limited to:
• Serve as senior-most financial advisor to the CEO and Board, providing strategic recommendations based on rigorous financial analysis, forecasting, and modeling
• Lead the ongoing evaluation and refinement of organization\’s operating model, communicating relevant trends, opportunities, and potential changes to the CEO and Board
• Oversee long-term budget planning and cost management
• Ensure proper alignment and integration of financial strategy, tools, and processes between the U.S. 501c3 and Nepal NGO entities
• Communicate the organization\’s financial strategy to partners, funders, auditors, and internal team members
• Contribute to the development of overall organizational strategy as an integral member of the c-team
Financial and Operational Management
• Refine and lead process to build annual and multi-year budgets, including effective communication of the budget to team members
• Oversee current transition from Quickbooks (small-business setup) to Intacct (cloud-based enterprise system), ensuring integration with other software tools used in expense reporting, payroll, and procurement; lead iterative development of the system over the long-term
• Assess and oversee existing chart of accounts and system of financial controls, re-designing as necessary
• Develop forecasting tools and manage cash flow
• Directly oversee U.S. 501c3 entity accounting, including management of banking relationships and coordination of audit and tax activities with accounting firm
• Manage fund transfers between the U.S. 501c3 and Nepal NGO entities to maximize value through foreign exchange and ability to spend strategically
• Manage Nepal-based Finance Director to ensure accounting standards for the Nepal NGO entity are met and aligned with overall operating model
• Ensure legal and regulatory compliance regarding all financial functions
• Design and oversee a system of financial reporting for the Board, funders, government agencies, and internal decision-makers
Team Leadership and Cross-Functional Collaboration
• Manage and develop members of Possible\’s Nepal-based Finance Team, including one Finance Director and two Finance Managers, in line with Possible\’s management culture; serve as a strong leader, coach, and mentor
• Lead recruitment and hiring processes for the growth of the Finance Team
• Develop system of short- and long-term cash flow planning and projections that integrates elegantly with the Chief Development Officer\’s CRM database and tools
• Develop system of tracking restricted vs. unrestricted funds with the Chief Development Officer to ensure fully accurate view of cash flow and spending ability
• Provide data and insights for compensation and benefit negotiations to the Director of People Operations
• Provide insights for team leaders to understand and implement bonus structures
The ideal candidate will possess the following qualifications:
• Bachelor’s degree required; MBA and/or CPA preferred
• 7+ years of professional experience, ideally with a minimum of 3 years in a senior finance role
• Strong analytical skills and experience translating a strategic vision into an operational model
• Demonstrated excellence in managing budgeting, forecasting, control, and cash flow management processes, ideally for an $8M+ organization
• Experience using lean, simple, cloud-based tools to make finance functions as frictionless as possible across a globally distributed team
• Appreciation for good design and an understanding of how to install just the right amount of process, reporting, and structure for an early-stage, high-growth organization
• Ability to clearly communicate complex financial information to partners, funders, the Board, the CEO, and internal team members
• Experience leading, inspiring, and motivating teams to achieve ambitious outcomes
• Passion for delivering high-quality, low-cost healthcare to the world’s poor
• Grit: the passion, perseverance, and indomitable spirit to be doing work that is labeled “impossible” by many
LOCATION: Position will be based 75% in NYC and 25% in Nepal. The time spent in Nepal will be structured to capitalize on leadership summits for strategic planning purposes and during high-intensity periods of transition in finance systems and tools.
COMPENSATION AND BENEFITS:
Salary and benefits will be competitive and commensurate with experience.
Possible is an equal opportunity employer and welcomes candidates from diverse backgrounds.