Chief Financial Officer

Position Summary

Penfield Children’s Center is a Milwaukee-based nonprofit with nearly 60 years of service to children and families. Founded in 1967, Penfield provides early education, health services, and family programming to over 1,800 children annually, with an operating budget of approximately $13 million and a staff of 120 employees.

Penfield Children’s Center is at a pivotal moment in its history. Building on nearly 60 years of mission‑driven service to Milwaukee’s children and families, Penfield is pursuing an ambitious strategic growth agenda — expanding program reach, deepening community impact, and diversifying revenue in a complex funding landscape. The Chief Financial Officer will be the CEO’s primary strategic partner in making that growth a reality.

• Serve as the CEO’s primary financial advisor and strategic partner, bringing financial data, scenario analysis, and informed judgment to organizational decisions.
• Lead financial modeling and feasibility analysis for new program initiatives, expansion opportunities, and strategic partnerships.
• Contribute to organizational strategic planning, translating mission priorities into multi‑year financial plans with clear milestones.
• Forecast the organization’s financial trajectory, growth opportunities, and risks; present findings to the CEO, executive team, and Board with clarity.
• Represent financial strategy before the Board of Directors and Audit & Financial Integrity Committee.
• Identify opportunities to strengthen Penfield’s financial position through revenue growth, cost management, and sound capital planning.

• Serve as the primary oversight authority and day‑to‑day relationship manager for Penfield’s outsourced accounting and finance partner, ensuring quality, accuracy, and timeliness of all deliverables.
• Review and approve all internal and external financial reports, ensuring compliance with GAAP, funder requirements, and organizational policy.
• Monitor monthly financials, analyze budget variances, and bring actionable recommendations to leadership.
• Develop and monitor the annual budget in collaboration with the executive team and in alignment with the strategic plan; manage revisions as conditions require.
• Prepare and present monthly and annual budget analyses for the Audit & Financial Integrity Committee and Board of Directors.
• Oversee financial planning and investment of organizational funds in accordance with bylaws and Board direction; serve as primary staff contact with financial advisors.
• Oversee the annual audit in coordination with the independent audit firm; ensure documentation is complete and serve as primary liaison throughout.
• Ensure compliance with all federal and state grant requirements, including 2 CFR 200/Uniform Guidance, SEFA preparation, and indirect cost rate strategy.
• Maintain oversight of cash flow, banking relationships, and investment activity.
• Ensure compliance with payroll tax law, 403(b) plan fiduciary obligations under ERISA, and all statutory financial reporting requirements, in coordination with the outsourced partner.
• Oversee all business insurance policies to ensure adequate coverage and protection of assets and personnel.

• Oversee all billing and intake processes to ensure accurate, timely, and compliant billing across Medicaid, commercial insurance, and third‑party payers.
• Monitor revenue cycle performance and identify opportunities to improve collections and reduce billing risk.
• Ensure alignment between program documentation, service delivery, and billing accuracy.

• Use financial and operational data to inform decision‑making across the organization, and present findings in ways that are accessible to non‑financial leaders.
• Partner with program leadership and business intelligence staff to connect financial metrics with programmatic outcomes.
• Develop financial reporting tools that give leadership timely visibility into organizational performance.
• Identify financial trends, risks, and opportunities proactively and bring them to the CEO and Board.