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Chief Financial Officer

1 month ago

Lowell, United States Lowell Community Health Ctr Full time
Description

Lowell Community Health Center

Chief Financial Officer Job Description

Job Title: Chief Financial Officer

Department: Administration

Reports To: CEO

FLSA Status: Exempt

Lowell Community Health Center (Lowell CHC) is a diverse, community-based health care organization. Our programs have been recognized as national models and LCHC was named one of the top five health centers in the nation for excellence in cultural competency. With a career at Lowell Community Health Center, you will be joining a dynamic team of passionate and talented people.

Summary:

The position of Chief Financial Officer (CFO) represents an outstanding opportunity to impact the financial operations, as well as the future and strategic direction of the Lowell Community Health Center. Reporting to the Chief Executive Officer, the CFO provides financial management and strategic support to the Executive Leadership team. As a strategic partner to the CEO and Executive Leadership team, the CFO is responsible for ensuring that Lowell CHC is effectively positioned to succeed in the dynamic economic environment in which it operates. This position requires a dedication to understanding the complex, and rapidly changing healthcare environment and its impact on the organization, as well as the ability to help ensure Lowell CHC achieves success under new reimbursement models.

The CFO participates in the operational, as well as financial operations and strategic decision-making processes across the organization. The CFO is accountable for the organization's financial planning, forecasting, and accounting/budgeting practices, as well as its relationship with lending institutions, internal and external reporting agencies, and the financial community.

The CFO actively supports, promotes, and works to fulfill the mission, vision, and values of Lowell Community Health Center.

Priorities and Expectations:

During his/her first 12 months and ongoing, the new Chief Financial Officer will be expected to accomplish the following initial objectives:

  • Build professional and personal credibility and trust with the entire Lowell Community Health Center team, including the Executive Leadership team, Finance team, medical staff, employees, and the Board of Directors, as well as with Tufts Medicine and BMC Well sense Health Plan administration and staff, lending institutions, reporting agencies, and the surrounding financial community.
  • In partnership with the Executive Leadership team, ensure that Lowell CHC continues to fulfill its organizational mission and maintains financial viability. Help position the Health Center to achieve a positive operating margin.
  • Review the revenue cycle processes and systems to develop an effective strategy to ensure the revenue cycle is being optimized. Streamline financial reporting functions.
  • In collaboration with the Executive Leadership team, improve Lowell CHC's ability to achieve success in risk-based and value-based contracts.
  • Provide training and educational opportunities to create a culture of financial integrity and focus across the organization such that clinical and operational leaders have the ability and confidence to conduct financial analyses at the department level.
  • Evaluate the Finance department structure, management talent and resources. Maintain a culture of teamwork within the department and provide opportunities for professional growth.
  • Develop relationships with key external stakeholders including lending organizations.
Essential Duties and Responsibilities:
  • Oversees and directs treasury, billing, budgeting, audit, tax, accounting, purchasing, real estate, billing, collections, accounts payable, payroll and fixed assets, facilities and insurance activities for the organization.
  • Works with the Executive Leadership team to develop and direct the implementation of short and long-range organizational goals, objectives, policies, and operating procedures; strategic business and/or operational plans, projects, programs, and systems.
  • Supports and assists the Chief Executive Officer in planning and decisions that affect the financial situation of the Health Center. In the absence of the Chief Executive Officer, this individual may be called upon to act on the CEO's behalf.
  • Supports the organization with timely analytics and external reporting to stakeholders and financial partners including the overall oversight of revenue cycle processes including Billing and Collections.
  • Ensures policies, procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services including payroll processing, accounts payable disbursements, vendor contracts, purchasing systems, coding and application to the original book of entry through trial balance to the financial statements.
  • Collaborates with the Executive Leadership team on the management of risk-based contracts.
  • Negotiates vendor contracts with community agencies and managed care entities in collaboration with and upon the direction of the CEO.
  • Directs and coordinates the establishment of all budgetary activity across the Health Center, including the Annual Budget.
  • Works with program managers to establish and apply protocols and management systems that are fiscally responsible in order to carry out the mission of LCHC.
  • Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.
  • Appraises the organization's financial position and issues periodic financial and operating reports to assist in the management of the organization.
  • Participates in outside collaborations as necessary to successfully keep up-to-date on changes in the healthcare environment.
  • Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports. Including meeting regulatory requirements as issued by State and Federal offices. Assists in the preparation of grant applications when required.
  • Assists the Chief Human Resources Officer with benefits administration and coordination of human resource policies and procedures as they relate to payroll processing.
  • Directs the organization in activities as custodian of funds, securities, and assets of the organization.
  • Participates in the Executive Leadership meetings with regular attendance and full participation to assist in the financial management of operational decisions. Participates in the training process for non-financial managers and staff.
  • Develops and acts in an advisory role with compliance programs and works with the Compliance Officer on a routine basis.
  • Oversees and directs the preparation of the financial sections of the corporation's Annual Report and other publicized materials.
Basic or Preferred Qualifications:
  • The successful candidate will possess a bachelor's degree with a concentration in Finance, Accounting, or related field. A master's degree is desired.
  • A minimum of seven years of progressively responsible experience with several years of Executive level financial management / leadership experience.
  • Prior experience working within a healthcare provider organization (i.e. community health center, community hospital, multi-specialty provider group practice, etc.) with exposure to community health services is preferred; applicants with experience on the health insurer side and/or consulting arena are also encouraged to apply.


Lowell CHC is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.