CFO Chief Financial Officer
- Posted: over a month ago
- $150,000 to $200,000 Yearly
- Benefits: life insurance, medical, vision, 401k, dental,
Four Rivers Recruiting has been engaged to assisting our Healthcare Client fill in the missing piece to their Executive Team .
The Chief Financial Officer (CFO) is responsible for determining and formulating policies and provides overall direction of the accounting, finance, and business operations, services and performance of the organization within guidelines and direction of the Executive Team, Board of Directors and Labor Union affiliate.
Essential Job Functions:
- Develops and implements a system of internal controls, including internal audits to monitor financial status of the organization and to assure fiscal viability and achievement of the organizational goals and objectives.
- Ensures full compliance with all financial, GAAP, and regulatory requirements;
- Implements and maintains a Continuous Quality Improvement (CQI) approach within the department
- Develops and implements forward-looking, predictive models and activity-based financial analysis to provide insight and information on the organization’s operations and financial business plans:
- Provides proactive and effective guidance regarding the management of assets and investments, and financial trends within and outside the organization;
- Oversees cash flow planning and ensures the availability of funds for operational demands;
- Oversees cash investments, asset management, and financial strategies, as well as banking relationships of the organization.
- Prepares and distributes timely and accurate financial reports, annual budgets, analytical
- summaries and reports, and presentations on the organization’s financial status and operations.
- Reviews, develops, and implements fiscal policies and procedures that will improve the services, operation, and effectiveness of the organization.
- Responsible for the organization’s financial operations in accordance with Governmental Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB), Office of Management and Budget (OMB), and other regulatory and advisory organizations and in accordance with financial management techniques and practices.
- Directs the development and implementation of fiscal and accounting policies, procedures, and practices that ensure compliance with generally accepted accounting practices (GAAP), Medicaid and other relevant federal, state, and accrediting agency requirements.
- Observes and evaluates leaders in a positive and effective manner, to include providing continuous feedback and communication
- Completes individualized performance appraisals for assigned members on an annual basis; communicates and implements disciplinary actions as required, in consultation with Human Resources.
- Represents the organization to financial partners; including financial institutions, auditors, and public officials or agencies in all financial related matters of the organization.
- Coordinates all external/internal audits and filing of corporate tax returns;
- Ensures legal and regulatory compliance regarding all financial functions or operations.
- Oversees capital asset expenditures and depreciation; prepares and provides annual operating budgets with input and involvement at the departmental level, as well as capital budgets and cash flow projections; arranges and coordinates lines of credit and maintains proper banking relationships.
- Leads and participates in the long and short-term strategic planning and development process for accounting and fiscal departments and programs.
- Develops, implements, and evaluates strategic program goals and objectives, policies, and procedures; effectively interpreting and implementing policies, procedures, and best practices ensuring successful patient care, service delivery and/or outcomes.
- Evaluates the financial operations and structure in order to plan for continual improvement of the efficiency and effectiveness of the organization.
- Gains and maintains a comprehensive understanding and knowledge of audit practices and requirements for non-profits, as well as federal, state, and accrediting agencies laws, standards, or requirements for non-profit financial operations, such as Medicare fraud and abuse, and IRS guidelines.
- Prepares budgets for approval, including those for funding or implementation of programs.
- Prepares executive summaries to executive leadership of the status and implementation plans of programs, services, and quality initiatives.
- Confers with board members, organization leaders, or staff members to discuss issues, coordinate activities, or resolve problems.
- Presides over or serves on boards of directors, management committees, or other governing boards,
- Negotiates or approves contracts or agreements with suppliers, distributors, federal or state agencies, or other organizational entities.
- Coordinates the development and implementation of budgetary control systems record keepings systems, or other administrative control processes.
- Creates a work environment of professional practice by encouraging innovation and collaboration actualizing human caring, eliciting commitment to excellence, demonstrating a respect for diversity.
- Maintains professional relations by facilitating open channels of communication with other organizational leaders, other departments, physicians and ancillary personnel to promote excellence in service throughout the organization.
- Contributes to organizational effectiveness by identifying short-term and long-range issues that must be addressed providing information and commentary pertinent to deliberations, recommending options and courses of action; implementing directives.
- Establishes strategic goals by gathering pertinent business, financial, service and operations information; identifying and evaluating trends and options, chooses a course of action and evaluates outcomes.
- Analyzes proposed legislation, regulations, or rule changes to determine how the organization or health care services may be impacted.
- Master’s Degree in Accounting or Finance or a related field from an accredited college or university
- Ten (10) years of management or director level experience; preferably in a healthcare environment;
- Certified Public Accountant (CPA)
- Greater than ten (10) years of supervisory experience; preferably in a healthcare environment
Four Rivers Recruiting
Finance and Insurance