Director of Finance

2 weeks ago

Ringgold, United States Tri-Med Family Care Full time
Benefits:
  • Dental insurance
  • Health insurance
  • Paid time off
  • Vision insurance


Director of Finance
 
Job Title:                    Director of Finance     
Reports to                  CEO    
FLSA Status:             Exempt - Salaried
Prepared by               Director of Training & Staff Development
Revision Date:           November 21,2024
 
 
Mission Statement: To serve God according to His will and purpose by serving our community to the best of our ability with a passion for healthcare and compassion for people.           
                                                         
 
GENERAL JOB DESCRIPTON:
Develops annual budget and monthly financial reports, and grant reporting for the Board and Chief Executive Officer. Prepares month-end productivity and statistical reports and provides analysis of status for the Board of Directors, management, and providers. Provides documentation for and coordinates annual, independent financial audit. Develops and maintains financial policies and procedures and monitors performance. Submitting required federal reports. Performs business operations analyses. Prepares financial portion of grant funding applications, and grant reporting. Assumes responsibility for facilities management and participates in development of the business plan. 
 

 
QUALIFICATIONS:
Education & Work Experience:
·         Bachelor’s degree in accounting or business-related field. Master’s degree or CPA preferred.
·         Two to four years’ experience in accounting management practices with preference in the healthcare industry.
·         Working knowledge of current accounting standards and systems.
·         Working knowledge of computer system operations, practice management system, accounting system, word processing, and spread sheet applications.
·         Working knowledge of third-party payer systems: (e.g., Medicare, Medicaid, and commercial insurers)
 
 
ESSENTIAL FUNCTIONS & RESPONSIBILITIES: 
 Finance:
  • Prepare annual budget with review and revision as needed, in accordance with federal grant requirements. 
  • Coordinate and prepare necessary reports, files, and documentation to support annual independent audit and cost reports.
  • Prepare month-end and year-to-date financial reports for the Board of Directors. 
  • Prepare month-end productivity and statistical reports and provide analysis of status for the Board of Directors, management, and providers.
  • Review and recommend modification of collection policy and fee schedule to encourage payment by patients and to maximize reimbursement by third party payers.
  • Revise cash management policy and procedures in keeping with current accounting standards.
  • Monitor cash flow and make necessary adjustments to support payroll and accounts payable functions.
  • Complete depreciation schedules for new assets.
  • Perform the Accounts Payable and Accounts Receivable processes.
  • Monitor office/clinical supply and equipment inventory system.
  • Submit/Supervise the submission of required state/federal tax returns, 990, 1099’s and Workers Compensation quarterly reports.
  • File various grant reports to assure compliance as well as other required reports.
  • Prepare financial portion of grant and funding applications; participate in development of business plan.
  • Analyze impact of managed care contracts
·         Responsible for the management of all billing and money handling functions with coordination with the Department Managers of those personnel. 
 
Program Development
  • Prepare applications for program participation in collaboration with the Executive Office.
  • Conduct cost/benefit analysis of innovative programs for review of management.
 
Legal:
  • Collaborate with Executive Office in preparation of contracts and modifications to contracts.
 
 General Management:
·         Collaborate with Executive Office in management decisions affecting the fiscal viability of the organization.
·         Participate in development of proposals, reports, and negotiations with funding partners.
·         Participate in financial policy development/revision and development of financial procedures.
·         Assume responsibility for maintenance of adequate insurance coverage for organization, Directors, and applicable staff.
·         Serve as member of the TMFC Leadership Team
·         Attend and present financial reports at the Board of Directors meetings.
  • Maintain professional credentials and membership in professional organizations if applicable. (e.g., Certified Treasured Professional, Charter Financial Analyst, Certified Public Accountant)
 
 
Physical Demands:
·         Requires full range of body motion including manual and finger dexterity and hand-eye coordination.
·         Requires standing and walking for extensive periods of time. Occasionally lifts and carries items weighing 25 pounds.
·         Requires corrective vision and hearing to normal range. May require working under occasional stressful conditions and/or irregular hours.
 

Typical Working Conditions:
·         Infrequent exposure to communicable diseases, toxic substances, medical preparations, and other conditions common to a clinic environment. 
 
ACCOMMODATION:  Tri-Med Family Care has the right to modify the duties and functions of the job description based on the needs of the organization.
 
 
DISCLAIMER:  The above statements reflect the general duties considered necessary to describe the principal functions of the job as identified and shall not be considered as a detailed description of all work requirements that may be inherent in the position.