Chief Financial Officer
4 months ago
Job Summary: This position has the primary responsibility for the planning, implementation, managing and running of all the financial activities of the organization, including business planning, budgeting, forecasting and negotiations
General duties:
- Oversees and manages general accounting and business office, including payor contracting, budgeting, revenue and expense reconciliation, and financial reporting in accordance with established generally accepted accounting principles and industry best practices.
- Assists in providing strategic direction in financial data aggregation, reporting and dissemination.
- Assists the Executive Director in the development of long and short-range group operations plans that may include service demand analyses, resource availability analyses, and cost-benefit analyses of proposed capital and staff expansions.
- Develops long and short-range operational and capital budgets, which are supported by the clinic’s long and short-range plans and objectives.
- Prepares all relevant financial statements including but not limited to 1) Income Statement, 2) Statement of Cash Flows, and 3) balance sheet as well as P&L and/or Pro-Forma statements for relevant operations and investments. This also includes proper dissemination of all relevant financial reports to appropriate audiences with proper management notes and discussion items.
- Provides standards for all budgeting as required. Assists managers in the development of departmental budgets. Oversee budget preparation and reporting/monitoring.
- Monitors, interprets, and analyzes clinic’s financial performance in realizing established plans and objectives of the clinic.
- Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
- Responsible for direction and submission on a timely basis all financial data associated reports required by government, financial institutions and other regulated agencies including payroll tax reports, public disclosure reports, and third-party payor cost reports.
- Works with leadership and external CPAs to develop appropriate tax strategies for the group.
- Works with HR to ensure payroll accuracy.
- Coordinates with HR on employee benefit programs
- Participates in 401(k) committee as non-voting member
Minimum Qualifications (Experience, Education & Special Certifications)
- Bachelor’s Degree in Accounting or Finance from a 4-year university program
- Knowledge of GAAP, Financial reporting, Financial Risk Management and Analysis
- CPA or Master’s Degree is strongly preferred.
- A minimum of 5 years of experience working at a similar level in a healthcare setting is required.
- Minimum of 5 years of progressive management experience in an investor-owned healthcare organization required.
- Must be a strong, hands-on, and approachable leader who understands the value of being a team player.
- Knowledge of SOX practices.
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