Thresholds is Illinois' oldest and largest provider of services to people living with severe and persistent mental illness. Thresholds celebrated its 50th anniversary in 2009 and looks forward to continuing its mission to help its members reclaim their lives and achieve hopeful and successful futures. With its 30 service locations and more than 75 housing developments in the Chicago area, Thresholds is a recognized leader in mental health recovery. Thresholds provides excellent opportunities for career development and promotion and encourages individuals who have experienced mental health recovery to apply.
The Finance Director, based at a downtown location, will be responsible for providing strategic leadership and supervision for the entire Finance Department, working directly with and reporting to the Chief Financial and Administrative Officer. The Finance Director will directly oversee and supervise the Revenue and Accounts Receivable Cycle, and have indirect oversight and responsibility for Expenditure and Payables, Payroll, and Treasury cycles that will be overseen by a Department Controller reporting into the Finance Director. Additionally, the Finance Director will oversee and supervise the Risk Management function for the Agency.
Attends all Board of Directors Meetings and supports the Chief Financial and Administrative Officer (CFAO) in preparing and conducting the Board Finance and Investment Committee meetings. As assigned, prepares reports for the Board of Directors or its Committees.
Provides leadership and direct supervision to the entire Finance and Risk Management Departments. Provides strategic guidance and oversight in establishing goals and priorities, in collaboration with the CFAO, and the execution thereof.
Collaborates with the CFAO and Thresholds Risk Management regarding Thresholds’ property, casualty and other insurance plans. Supervises and providers leadership to the day to day operations of the Risk Management function.
Keeps the agency current on issues in this field and is responsible for monitoring all related regulations. This includes responsibility for the oversight, implementation, maintenance and adherence to all financial policies and procedures of the organization and its subsidiaries and/or affiliates. All related financial policies are to be kept current and in compliance with all oversight regulation.
Directly supervises the preparation and execution of monthly close for the Agency Revenue Cycle within established time frames, identifying and analyzing budget and trend variances. This includes, but is not limited to ensuring the proper stating of A/R and deferred revenue, ensuring that all billing to the state of Illinois, under the fee-for-service environment, and contracted Insurance Companies is accurate, all revenue and reserve accounts are appropriately recorded and the related balance sheet accounts are properly stated.
Oversees all accounting and financial administration for Thresholds and its entire subsidiary and/or affiliate organizations, including overseeing the monthly close process according to Agency timetables.
Oversees processes and ensures appropriate procedures are in place to ensure that the Agency’s and its affiliated organization’ books of account are properly supported by detailed and accurate schedules and account reconciliations. Implements procedures to ensure that reconciling items affecting the Agency’s general ledgers are researched and resolved in a timely manner.
Oversees Treasury and Risk Management activity, directly supervising daily activity of management and periodically reviewing workflow and process to ensure appropriate internal controls exist to safeguard Agency cash resources and mitigate exposure to risk to acceptable levels.
Periodically reviews workflow/ processes in place related to the Finance Department, to ensure that efficient processes and appropriate internal controls exist to prevent the misuse of Agency assets and intentional or erroneous misstatement of financial records.
Supervises, trains, and mentors managerial and other staff to provide assurances that critical financial functions are operating effectively and efficiently. This includes but is not be limited to: evaluating performance and managerial skills on an ongoing basis, identifying and recommending courses of action for performance and career development, conducts annual appraisals and recommending staff salary adjustments. Accordingly, the Finance Director is expected to identify and lead projects to enhance existing processes and promote cross-training as appropriate. Additionally, the Finance Director is to provide for adequate staffing at all times to ensure the timely and accurate completion of critical work flows.
Must have at least 4-8 years of post- CPA supervisory experience.
Experience with Electronic Health Record and Medical Billings experience preferred.
Bachelor’s degree in finance or accounting required. Master’s degree in a finance discipline from an accredited university preferred.
Ability to demonstrate excellent problem-solving skills coupled with an ability to understand issues that arise in the broader context of the agency. Assertively present solutions to finance related issues and concerns.
Must be qualified as a Certified Public Accountant (CPA).