Haymarket Center

Position: Chief Financial Officer

Location: Chicago, Illinois

Organization:

Founded in 1975 by the late Monsignor Ignatius McDermott and Dr. James West, McDermott Center dba Haymarket Center is the largest not-for-profit community-based adult detoxification, residential, and outpatient substance abuse treatment facility in Chicago.  Msgr. McDermott's and Dr. West's understanding of addiction as a disease provided the motivation for their call for treatment in lieu of criminalization. This fundamental perspective continues to guide Haymarket Center in pioneering innovative, high quality, community-based, social setting behavioral health programs that are gender-responsive, culturally appropriate, and population specific. Although Haymarket serves primarily homeless, indigent, and ex-offender populations from the South and West Side communities of Chicago, it extends its services to the entirety of Illinois (and to Wisconsin and Indiana), with over 30 specialized programs, more than half of which are CARF-accredited programs that utilize evidence-based practices that harness significant research to prove their effectiveness and ensure greater success for clients.  Along with this commitment, Haymarket has continually been faithful to its guiding principle of providing comprehensive substance abuse treatment and referrals to Chicago's vastly ignored and underserved populations regardless of their ability to afford services.  Loyalty to these two fundamental principles has led Haymarket to develop programs in clinical treatment and supportive services for men, women, and children, serving over 12,000 clients per year.  Haymarket also has a subcontract with Heartland Alliance Health for primary care, which is located inside Haymarket's headquarters. 

The spirit of Haymarket Center is embodied by the logo "Focus on Success," which aligns with its plans to establish goals and outcomes consistent with industry leadership; define the actions that will help achieve those goals; identify opportunities for improvement within individual clinical areas and across the entire organization; create a culture of collaboration, mentorship, continuous quality improvement, and strong outcomes; and attract and retain employees whose values are most aligned with the organization's culture.


Job Description:

Reporting to the CEO, the chief financial officer (CFO) provides both operational and programmatic support to Haymarket Center, overseeing the overall financial strategy and direction of the agency and its human resources.  He or she supervises the finance unit and is the chief financial spokesperson for the organization, reporting directly to the president and CEO and directly assisting him on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs, and securing new funding.  The CFO directs the controller, accounting, billing, payroll, budgeting, and internal audit functions to ensure Haymarket's financial stability and sustainability, and is involved in all administrative aspects of the organization's strategies and future momentum. 

Requirements:

  • A bachelor's degree in business, finance, accounting, or a related field is required; an MBA and CPA are strongly preferred
  • 10 years of experience in general management and finance, with a proven track record of success and experience in a nonprofit environment
  • A minimum of 5 to 7 years of managerial leadership experience in finance with increasing levels of responsibility
  • A social service background is strongly preferred, in order to appreciate the impact of cuts versus increased funding on programming and that, at times, finance may be secondary to mission
  • Knowledge of alternative capital financing sources (i.e. Tax Increment Financing and New Market Tax Credit)
  • Experience working in an organization undergoing significant growth
  • Knowledge of Generally Accepted Accounting Principles (GAAP) for nonprofit organizations
  • Extensive knowledge of accounting systems, accounting procedures and policies, financial management, and budgeting
  • A successful history of negotiating and managing Medicaid managed care and/or commercial insurance contracts
  • Demonstrated experience leading an organization's annual budgeting process and managing profit and loss accounting of programs
  • Demonstrated experience in efficiently designing the organizational structure of finance, accounting, and billing departments
  • Long-range financial planning experience
  • New business or product line financial analysis and pro forma development
  • External relationship experience with hospitals, health plans, managed care providers, and federal, state, and local government
  • Revenue cycle management expertise and experience, including billing, collections, billing systems, and Medicaid and Medicare

Search Team:

Roger A. Quick

Joe Johnston


Featured Opportunities

First Step of Sarasota
Sarasota, FL
President and Chief Executive Officer

WakeMed Health & Hospitals
Raleigh, North Carolina
Vice President of Nursing, Community Hospitals

Centra Health
Lynchburg, Virginia
Vice President of Perioperative Services