Vice President of Finance

1 week ago

Bristol, Vermont, United States Mountain Community Health Full time
Position Overview:


A Federally Qualified Health Center (FQHC) is actively seeking a seasoned financial leader to assume the role of Chief Financial Officer (CFO).

Key Responsibilities:


The CFO will take charge of managing and directing all financial activities, including budgeting, auditing, taxation, accounting, procurement, revenue cycle management, long-term forecasting, and insurance operations.

The individual will ensure the financial stability of the organization and collaborate with the Board of Directors to align the corporation's mission with the evolving needs of the community.

Regular updates will be provided to the Board regarding current trends, challenges, and developments in the healthcare sector to support governance and policy formulation.

Additionally, the CFO will oversee the annual and long-term financial planning and budget management, focusing on maximizing returns on financial assets through the establishment of robust financial policies, procedures, controls, and reporting systems.


About Mountain Community Health:


Mountain Community Health (MCH) is dedicated to providing comprehensive preventative and primary medical and dental care to individuals of all ages, irrespective of their insurance status or financial capability.

Our services cater to the Five Town area, ensuring that our team of medical professionals, including doctors, dentists, nurses, and support staff, deliver care with skill, compassion, and respect.

Our mission is to enhance community health and well-being, and we are proud to be an Equal Opportunity Employer.


Qualifications:


Applicants should possess a minimum of 7 years of progressive financial management experience, with at least 4 years in senior financial leadership roles, particularly within complex nonprofit organizations.

Experience in managing payroll, accounts payable, general ledger entries, grant vouchering, and purchasing is essential.

A minimum of a bachelor's degree in accounting, finance, or a related field is required, with a CPA or a master's degree in business administration or finance preferred.

At least 5 years of experience in the healthcare sector or within a Federally Qualified Health Center (FQHC) is necessary, along with a strong understanding of federal, state, and local grant requirements.

Proficiency in accounting software, particularly QuickBooks, is advantageous.

Successful candidates will demonstrate a proven ability to devise and implement financial strategies, manage financial operations, and possess excellent analytical, problem-solving, and decision-making skills.

Strong leadership, team management capabilities, and exceptional communication and interpersonal skills are crucial, along with a high level of integrity and ethical standards.


Core Responsibilities:


The CFO will drive strategic growth by monitoring economic conditions, industry standards, and market trends, utilizing expertise in reimbursement models and key performance indicators to align financial decisions with organizational objectives.

Establishing and enforcing financial standards, policies, and procedures to ensure compliance with regulatory requirements and grant mandates will be a priority.

Staying informed on federal, state, and local regulations will be essential to advise management on necessary actions for legal compliance.

The CFO will ensure that all financial data recording, policies, and processes adhere to Generally Accepted Accounting Principles and other applicable standards.

Timely and accurate financial reports, statements, and decision-support information will be provided to the CEO, Board of Directors, and management team, identifying opportunities for performance improvement and implementing cost-effective solutions.

Management of cash and investment assets will focus on maximizing returns while minimizing risks, alongside recommending investment strategies for the organization's financial health.

Collaboration with community partners will further the mission of MCH, while staying updated on industry best practices and innovative technologies to enhance financial operations.

The CFO will oversee the recruitment, selection, onboarding, and ongoing management of financial personnel to build a strong finance team.

Preparation of all financial statements, including income statements, balance sheets, cash flow statements, tax returns, and governmental agency reports will be directed, alongside maintaining financial dashboards.

Annual reports and settlements for Medicare and Medicaid will be prepared, ensuring accuracy in revenue and expense recording.

Promoting financial integrity and transparency will be paramount, leading by example as part of the senior management team.

Oversight of procurement and purchasing will ensure cost control and adherence to contracted pricing, while managing the Revenue Cycle Management Team will ensure compliance with insurance posting guidelines.

The CFO will facilitate annual audits, working cooperatively with auditors to ensure accurate representation of the organization's financial position and compliance with audit requirements.

Analyzing compensation policies and government regulations will aid in developing competitive compensation plans.

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