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Chief Financial Officer

2 months ago

Sterling, Colorado, United States Centennial Mental Health Center Inc. Full time
Job Description

**Job Summary**

The Chief Financial Officer (CFO) is a key executive leader responsible for overseeing all financial aspects of the Centennial Mental Health Center Inc., including investments and audit activities. Guided by the CEO, the CFO will exemplify and enforce the organization's mission, vision, and values throughout their scope of control. The CFO will drive efforts in standardization, structure, and simplicity, ensuring financial operations align with strategic objectives. This role demands high executive presence and exceptional leadership acumen to foster a cohesive and high-performing financial team.

Key Responsibilities:

  • Financial Leadership:
    • Ensure that all financial practices adhere to legal and ethical standards while leading initiatives to enhance transparency and compliance in financial reporting and operations.
  • Financial Planning and Analysis:
    • Oversee all accounts, ledgers, financial software, and reporting systems, ensuring compliance with GAAP and regulatory requirements.
    • Maintain accurate financial records, including grant/fund accounting, to ensure compliance with all regulations and contractual requirements.
  • Financial Reporting and Analysis:
    • Facilitate high-level financial reviews that not only cover current financial status but analyze trends, risks, and opportunities with executive leadership and the Board of Directors.
    • Track key performance indicators (KPIs) and analyze financial trends.
  • Financial Strategy and Planning:
    • Forecast return on investment (ROI) for current and future programs.
    • Review and analyze the cost-effectiveness of various programs and departments, aligning them with the organization's strategic plan.
  • Financial Transformation and Innovation:
    • Engage and initiate audit activities.
    • Spearhead financial transformation initiatives aimed at renovating financial operations.
  • Financial Technology and Systems:
    • Explore and integrate new technologies or methodologies that can improve financial reporting, risk management, or investment strategies.
  • Financial Oversight and Leadership:
    • Oversight and leadership of development of the annual operating budget and individual cost center/program budgets.
    • Oversight and leadership of cash flow forecasting and maximize return on investments within regulatory guidelines.
  • Executive Leadership:
    • Assist the CEO and leadership team in developing the long-range strategic plan.
    • Participate in facility expansion, property acquisition, and service mergers.
    • Contribute to strategic vision planning and oversee the organization's financial outlook.
    • Attend weekly leadership meetings to discuss organizational direction and present financial data.
    • Represent the organization in committee and board meetings, advising stakeholders and public officials.
    • Foster interdepartmental communication and coordination to ensure well-informed stakeholders and resource availability.
  • Compliance and Risk Management:
    • Ensure all financial operations comply with Federal and State regulations.
    • Help ensure organizational compliance with Federal and State regulations.
    • Collaborate with leadership team to manage the risks associated with the clinic's cost, liability, operations, and identify opportunities to reduce risk, contain costs, and improve the quality of care.
    • Protect individually identifiable health information per HIPAA, HITECH, 42 CFR regulations.
    • Actively participate in safety programs of the organization by identifying potential risks and promoting client safety as well as environmental safety.
    • Perform safe work practices to protect the health and safety of employees and clients per OSHA regulation.
  • People Management:
    • Develop a talented and motivated workforce by ensuring engagement and satisfaction; while ensuring optimal efficiency and accountability.
    • Work collaboratively with Human Resources to develop and deploy employee engagement initiatives.
    • Supervise, coach, and lead a high-performing finance team, fostering partnerships and innovation.
    • Ensure a productive work environment within the finance and accounting function.
    • Manage finance-related committees, including the Finance Committee, Audit Committee, and Investment Committee.
  • Other:
    • Implement emergency procedures as necessary.
    • Perform other job duties as assigned.

Requirements:

  • Education:
    • Bachelor's Degree in finance, accounting, business administration, or a closely related field from an accredited college or university required. Master's Degree preferred.
  • Certifications, Licenses, Registrations:
    • CPA accepted but not required.
  • Experience:
    • Eight (8) year proven work experience in finance required. Experience in a non-profit health care agency preferred. Finance experience in a community mental health center strongly preferred.
    • Five (5) year experience in health care administration; Administration experience in a community mental health center preferred.
    • Prior Executive level experience preferred.
  • Abilities, Knowledge, Skills:
    • Ability to work professionally with sensitive, proprietary data & information while maintaining confidentiality.
    • Self-started, and ability to work independently with a certain degree of resourcefulness and creativity and minimum supervision.
    • Ability to work under stressful conditions and flexible hours, which may be required. At times may work remote but must have secure office space available.
    • Ability to travel within the Center's service area.
    • Excellent interpersonal skills including the ability to interact effectively and professionally with individuals at all levels; both internal and external.
    • Ability to work as a team member.
    • Demonstrates Proficiency in Verbal, Written, and Computer Communication Skills.
    • Knowledge of State & Federal Statutes Regarding Patient Confidentiality Laws.
    • Excellent computer skills with demonstrated proficiency in spreadsheets, database, and word processing software.
    • Ability to read, analyze, and interpret complex business periodicals, professional journals, technical procedures, or governmental regulations.
    • Ability to write reports, business correspondence, and policy and procedure manuals.
    • Ability to effectively present information and respond to questions from group of managers, consumers, customers, and the general public.
    • Excellent knowledge of data analysis, risk management, and forecasting methods.
    • Hands-on experience with accounting and financial management software.
    • Expertise in MS Excel.
    • Analytical skills.
    • Ability to explain financial terms in simple language.
    • Familiarity with the way nonprofit organizations are structured.
    • Genuine interest in Centennial Mental Health Center Inc.'s mission.
    • Strong supervisory and leadership skills.
    • Ability to adapt to the needs of the organization and employees.
    • Ability to prioritize tasks and to delegate them when appropriate.