Chief Financial Officer

Job Title: Chief Financial Officer Department: Corporate

Reports To: Chief Executive Officer FLSA Status: Exempt

POSITION SUMMARY

Responsible for all financial operations and fiscal management of the practice, administering the general accounting, patient business services (including third-party reimbursement), financial, and statistical reporting functions in accordance with established policies and accounting procedures.

ESSENTIAL FUNCTIONS

• Adheres to the highest standards of ethical conduct, and ensures the practice remains in compliance with all regulatory and government entities.
• Provides formal and informal direction in data processing, distributed systems, material management and medical records functions.
• Trains subordinates in the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
• Assists the CEO in the development of long and short-range practice strategic plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.

• Assists in the review of internal controls and puts policies in place to protect corporate assets.
• Directs the preparation of internal financial reports including work papers for annual financial audit.
• Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the practice.
• Prepares cash flow analyses and historical variance analyses.
• Develops long and short-range expense and capital budgets, which are supported by strategic plans and objectives.
• Assists accounting teams and local Physician Operating Divisions in the development of departmental expense budgets.
• Monitors, interprets and analyzes financial performance in realizing established plans and objectives of the practice.
• Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
• Assumes a lead role in analyzing and exploring means of reducing practice operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
• Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports and third-party payor cost reports.
• Ensures the timely reporting and development of schedules for Employees’ 401k, Profit Sharing and Cash Balance Plans, including census data and investment tracking.

KNOWLEDGE | SKILLS | ABILITIES

LANGUAGE SKILLS: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, Board of Directors, members, and the general public.

MATHEMATICAL SKILLS: Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

REASONING ABILITY: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

EDUCATION | EXPERIENCE

• Bachelor’s Degree in Accounting or Finance and the knowledge of generally accepted accounting principals, and verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.
• CPA strongly preferred.
• Master’s degree strongly preferred.
• A minimum of 3 years of experience working at the CFO, Director of Finance, or Director of Accounting level in a large, complex healthcare setting is required.
• Minimum of five years of progressive management experience required.
• Must be a strong, hands-on and approachable leader who understands the value of being a team-player and have an outgoing and friendly personality.
• Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee and physician satisfaction high.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The Physical Demands and Work Environment characteristics described below are critical features of this job and are representative of those that must be met by an employee to successfully perform the essential functions. They may be subject to change at any time due to reasonable accommodation or other reasons. Work may require sitting for long periods of time. Occasionally lifting files or paper weighing up to 30 pounds. Requires manual dexterity sufficient to operate a keyboard, operates a calculator, telephone, copier and other office equipment as necessary. It is necessary to view and type on computer screens for long periods.

TYPICAL WORKING CONDITIONS

Work is performed in an office environment with frequent contact and meetings with referring physician’s offices and the public. Early morning meetings, evening, or weekend work is to be performed as needed to meet schedules and to attend meetings or networking events.