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Financial Executive Officer

2 months ago

San Francisco, California, United States Lyon-Martin Health Services Inc Full time
Job Title: Financial Executive Officer (FEO)

Salary: Starting at $130,000 depending on experience

FSLA Status: Exempt; full or part time; remote available; W2 or contractor

Primary Location: Lyon-Martin Health Services Inc

Reports To: Chief Executive Officer

Job Overview

The Financial Executive Officer serves as the financial authority of the organization, collaborating closely with the CEO to manage and streamline accounting and administrative processes, internal financial controls, and quality assurance within the Finance Department of Lyon-Martin Health Services Inc. Key responsibilities encompass maintaining financial records, ensuring compliance with grant contracts, preparing invoices, conducting month-end reconciliations, tracking receivables, and analyzing billing revenue. The FEO will also be involved in developing and revising operational and capital budgets, conducting asset appraisals, and overseeing cash flow forecasts.

Core Responsibilities

Budget Management:
Oversees and evaluates the overall organizational budget alongside various contracts and grant budgets with the CEO. Collaborates with the CEO to assess costs related to service delivery and pricing strategies. Documents requests for budget modifications and supervises payroll, benefits, and operational expense allocations. Reviews existing cost allocation methods to ensure compliance with relevant guidelines. Manages cash flow planning and ensures funds are available as needed.

Accounting Oversight:
Coordinates annual financial audits and compliance reviews. Prepares or supervises the preparation of schedules for audits and tax returns. Compiles compliance reports and assists with cash flow projections. Ensures the integrity of accounting records and files, including assets and leases, in accordance with Generally Accepted Accounting Principles. Maintains schedules for expenses and contributions, and oversees general ledger journal entries and monthly financial statement analysis.

Leadership and Management:
As a vital member of the executive leadership team, participates in strategic planning and organizational analysis. Stays informed on best practices in nonprofit finance and relevant laws. Oversees the revenue maximization process related to the organization's clinic site.

Essential Competencies:
To excel in this role, candidates should demonstrate the following competencies:

Communication Skills:
Delivers clear and impactful written and verbal communications.

Reliability:
Accountable and punctual, with a strong attendance record.

Time Management:
Effectively organizes and prioritizes tasks to meet deadlines.

Customer Service Orientation:
Proactively addresses issues and responds to requests for assistance.

Attention to Detail:
Strives for accuracy and seeks opportunities for improvement.

Integrity and Ethics:
Models ethical standards and maintains confidentiality.

Education and Experience:
The ideal candidate will possess a minimum of a BS or BA in Accounting, with a CPA and/or MBA preferred. They should have at least 5 years of extensive finance experience, including 2 years in a senior financial role within a nonprofit healthcare organization. Experience with Federally Qualified Health Centers or similar entities is highly desirable. Strong analytical skills, proficiency in financial software, and the ability to work collaboratively in a team environment are essential.