Chief Financial Officer

Job Description

At Community Hospice & Health Services you will find a family-based and compassionate work environment. Our goal is to provide a wonderful work experience that allows our employees to thrive by feeling engaged and fulfilled each day. Community Hospice & Health Services is the largest and oldest nonprofit hospice and community-based palliative care provider in the Central Valley.

We are proud to indicate that Community Hospice & Health Services has been supporting and providing compassionate and quality services to our community since 1979. Our mission is to embrace individuals and families facing life-changing journeys, enhancing quality of life for all. Community Hospice & Health Services is accredited by CHAP (Community Health Accredited Program).

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POSITION SUMMARY: The Chief Financial Officer is responsible for all functions related to the financial operations of Community Hospice & Health Services, Hospice & Health Services Foundation and CHI Management, Inc. Ensures the organizations operate in a cost-effective manner, and manages all financial policies, procedures and risks for the organizations. Responsible for internal controls, financial analysis, adequate cash flow, insurance renewals, reporting, payroll and investments, cash handling policies and ensuring adequate and efficient cash flow. The chief Financial Officer (CFO) reports to the President/Chief Executive Officer

RESPONSIBILITIES:

1. Management responsibility for finance and accounting policies and procedures, systems, and internal controls according to Generally Accepted Accounting Principles. Designs, implements, and maintains financial systems to safeguard each organization’s assets, to insure the timely collection of income and payment of expenses, and to collect the necessary information for appropriate financial, tax, regulatory, association, and grant reporting. Recommends improvements to ensure the integrity of the organization’s financial information. Oversees financial system implementation and upgrades.

2. Ensures accounting systems provide complete and accurate records of organizational assets, liabilities and financial transactions. Evaluates accounting and patient accounting procedures for quality control and to plan methods for insuring timely receipt of payments on patient accounts, reducing costs of accounting operations, and expediting flow of work.

3. Maintains adequate staff of qualified and competent personnel to satisfy departmental responsibilities. Provides for orientation and continuing education, as needed, to maintain staff that is competent in job-related skills. Prepares and presents each staff member’s annual employee evaluation in a timely manner.

4. Provides strategic management of the payroll, accounting and finance functions including identifying and managing business risks, insurance requirements and investments. Prepare all department employee evaluations. Enforce organizational and department policies and standards. Ensure all accounting personnel are properly trained according to their primary position. Interact with senior management in order to provide leadership with skills and information vital to the decision-making process. Provide strategic support to President/Chief Executive Officer.

5. Management responsibility for appropriate and cost-effective insurance coverage for all areas of liability and potential liability, including general liability, property and directors and officers, is in effect at all times. Collaborate with the Director of Human Resources on insurance-related employee benefits and workers compensation insurance. Ensure that insurance renewals are managed in a timely manner to obtain and assess renewal quotes, and not allow any lapse of coverage.

6. Prepares, or directs preparation of annual tax returns, annual OSHPD report and other required governmental reporting, including Welfare Exemptions, Business Property Statement, Medicare Cost Report, Medicare Credit Balance Reports, Utilization Reports, Form 990s, Form 1099s, and Form W-2s, for all organizations, as appropriate. Prepares, or contracts for preparation of the annual Medicare and Medi-Cal cost reports. Management responsibility for all required financial, tax, regulatory and grant reporting preparation.

7. Prepares operating and capital budgets based on past, current and anticipated expenditures and revenues. Directs compilation of data and preparation of financial and operating reports for planning effective administration of activities by management. Reports on causes of budget variances, to identify opportunities for improved financial performance, presents alternatives for more effective use of resources to fulfill each organization’s mission. Continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets. Directs and reports on the preparation of financial projections, budgets, trend analysis, and other analyses of past, present and future financial performance as needed for management and Board decision-making. Confers with the President/Chief Executive Officer and Boards to coordinate and prioritize planning.

8. Prepares detailed analyses of financial statements to reflect variances in income, expenditures and capital asset values from previous periods. Makes recommendations to administration concerning means of reducing organizational operating costs and increasing revenues, based on knowledge of market trends, financial reports and industry operating procedures.

9. Establishes and manages relationships with financial institutions, independent auditors, major vendors and business partners including preparation and review of contracts. Arranges for audits of organizational accounts. Coordinates activities of external financial auditors. Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs of the organizations.

10. Arranges financing as required, including lines of credit, real estate financing, and equipment financing.

11. Monitors and reports on progress of investments with established investment management services and makes recommendations to optimize investments of financial capital.

12. Serves as a financial management resource on the Senior Leadership/Management team.

13. Prepares and presents financial reports in Board and Board Committee meetings, as requested, and provides financial information and education, as requested, by the Boards and Board Committees. The Chief Financial Officer is not a member of the Board of Directors of Community Hospice & Health Services, Hospice & Health Services Foundation and CHI Management, Inc.

14. Follows all policies and procedures for Community Hospice & Health Services, Hospice & Health Services Foundation and CHI Management, Inc.

15. All other duties as assigned.

QUALIFICATIONS:

1. Bachelor’s degree in accounting, business administration with a concentration in accounting or finance, or related field.

2. Master’s degree in accounting, business administration, finance, or related field.

3. Licensed as a certified public accountant (CPA) and/or certified management accountant (CMA), or equivalent is highly preferred.

4. Minimum of five (5) years of experience with increasing responsibilities in healthcare, preferably hospice, financial management, reporting, planning, analysis and personnel management.

5. Knowledge of generally accepted accounting principles unique to non-profits, federal and state tax law unique to non-profits and grant accounting/reporting preferred.

SUCCESS FACTORS:

1. Excellent analytical, people management, project management, and organizational skills.

2. Ability to train, supervise and develop staff.

3. Ability to prioritize many projects and keep each of them moving forward at the necessary pace. Ability to thrive in a fast-paced, rapidly changing, rapid growth environment.

4. Excellent verbal communication, written communication, and presentation skills. Ability to communicate financial information to people without extensive financial backgrounds. Ability to distill financial detail into concise, clear summaries that highlight the most relevant issues.

5. Excellent interpersonal skills. Ability to maintain excellent relationships with employees, volunteers, colleagues, Board members, vendors/business partners, and others in the community.

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