Chief Financial Officer - Hybrid Work Environment

Opportunity Overview

Our Client, an industry leader in exceptional community healthcare delivery, seeks a Chief Financial Officer (CFO). The CFO is a critical leader/thought partner who contributes to sustaining the growth and short/long-term strong financial position of the health center. The CFO will head a small but skilled and dedicated team crucial to the health center's success. The CFO will guide the team in their daily functions, actively participate in building/sustaining financial operations, conduct staff training, and ensure quality assurance. Additionally, the CFO will establish backup systems for critical financial functions and be prepared to step in as needed to support team members. As a member of the Leadership Team, the CFO is an expert manager of the health center’s financial resources and embraces their values and commitment to becoming an anti-racist organization, while maintaining financial oversight.

As a seasoned financial strategist, the CFO shares responsibility with the Leadership Team for the sustained strong financial performance of the health center. This position is responsible for the health center’s financial systems and functions, ensuring legal and regulatory compliance for all accounting and financial reporting. In addition, this role is responsible for leading the annual operating budget development process, with guidance from the President and CEO, determining an open and inclusive process, planning, timeline, and deadlines to ensure maximum input from staff leaders, and developing analyses for decision-making purposes. Reporting directly to the President and CEO, the CFO will serve as a business partner and will also work in close partnership with the Leadership Team to develop and present financial analyses and strategies to maintain and strengthen the short/long-term financial position of the health center. Overall, this position is responsible for providing leadership, financial insight, and data to the Leadership Team to make strategic and forward-looking financial decisions.

For Consideration, Kindly Submit Resume to:

Sam.Siebu@SOKSGroup.com

The Organization

Our client is a highly accomplished community health organization that prides itself on its compassionate approach to serving the surrounding communities with comprehensive and culturally sensitive care. With a strong commitment to excellence, they provide:

• Comprehensive primary care.
• Dental services.
• Behavioral health care.
• Care management.
• Pharmacy services.
• Substance abuse disorder treatment.
• Nurse care management.
• Insurance enrollment assistance.

As a community-based safety net healthcare provider, our client actively encourages diversity and welcomes staff members who reflect the rich tapestry of our communities. They highly value the contributions of their team members and offer a wide range of perks and comprehensive benefits. These include health and wellness benefits, tuition reimbursement, loan forgiveness opportunities, and other appealing benefits.

Our client believes in supporting their employees from day one, and all eligible staff members can take advantage of these benefits right from the start of their employment. We aim to foster a supportive and rewarding environment that empowers our team members to provide exceptional care to our communities.

Responsibilities:

CORE COMPETENCIES:

To be successful in this role, candidates should have demonstrated the following competencies:

Setting Strategy

• Demonstrated entrepreneurial and creative approach to developing new, innovative ideas to optimize existing technology (Sage Intact) and/or identify new solutions to improve efficiencies, stretch the organization, and create opportunities for growth
• Ability to effectively balance the desire/need for broad change with an understanding of how much change the organization is capable of handling financially, to create realistic goals and implementation plans that are achievable and successful
• Ability to set clear and challenging goals while committing to improved performance, sharing accountability in driving results
• Comfort with ambiguity and uncertainty; the ability to adapt nimbly and lead others through complex situations, scenarios, and models
• Demonstrated integrity and forethought in decision-making; the ability to act transparently and consistently while always considering what is best for the health center
• Participating as a member of the Leadership Team in developing and implementing short- and long-range strategic goals, objectives, and plans, in alignment with strategic planning goals around patient/market growth, revenue enhancement, cost containment, and maximizing provider productivity

Executing for Results

• Maintaining, monitoring and/or improving staff adherence to accounting policies, procedures, and internal controls in accordance with Generally Accepted Accounting Principles (GAAP)
• Establishing short and long-range operational and capital budgets supported by plans and objectives and ensuring adequate cash liquidity and forecasting to meet operating and capital expenditures
• Reviewing and developing financial analyses as part of the planning for expanded/new services including designing and developing market analyses; pro-forma profit and loss forecasts; and overall cost-benefit analyses of proposed service expansions/additions and/or capital projects
• Developing and executing centralized procurement and purchasing, while also executing Supplier Diversity Plan
• Implementing policies, best practices, and tools to ensure a resilient organization with strong fiscal management, while overseeing tight internal controls to mitigate risk Ensuring compliance with and reporting/timely filing to all appropriate local, state, and federal agencies
• Analyzing and making cost containment/cash management recommendations to improve cash flow, as appropriate
• Developing and maintaining Board investment policy and strategy
• Troubleshooting and serving as lead with contract 340B pharmacies, analyzes revenues and expenses and reviews monthly analyses, serves as lead for annual audit

LEADING TEAMS

• Educating Leadership and Senior Management Teams in budgeting practices and sound financial oversight of departments and partnering with them to develop annual capital and operational budgets
• Ability to attract, recruit, and retain top talent, motivate the team, delegate effectively, celebrate diversity within the team, and manage performance; widely viewed as a strong developer of others
• Ensuring finance staff sustain a customer service approach and positive working relationships with staff and provide expense monitoring details and analyses, as requested, to appropriate Leadership and Senior Management Team members
• Ensuring high performance in payroll and accounts payable processes to ensure positive vendor relationships and leveraging payment options to secure cost savings, as appropriate.
• Leading finance team in the development of the annual operating budget and preparation for the annual financial audit and serves as staff contact for audit lead and partner
• Supporting Board Finance Committee and serving as key contact to the Board Treasurer
• Serving as the key contact for banking partners

Financial management, analysis, and cost containment

• Evaluating operations to identify cost containment and increased revenue opportunities, and recommending operational improvement changes to the Leadership Team
• Managing outsourced billing firm to ensure that we maximize revenue from insurance payers by regularly reviewing and setting billing rates and monitoring successful collection in accordance with state and federal guidelines
• Developing, providing, and explaining high-quality financial performance data to the Leadership Team, Senior Management Team, and the Board of Directors
• Providing analytics to the President and CEO to assess the financial performance of the whole health center, as well as service lines, sites, and departments
• Developing an understanding of management, oversight, and accounting for revenues and expenses from the 340B pharmacy program and ensuring the team understands, as well
• Overseeing and/or producing timely and accurate monthly, quarterly, and annual management financial reports, as well as other reports, analyses, and projections as needed, by the President and CEO and/or Finance Committee for the Board of Directors
• Developing an understanding of/ability to navigate complex primary care payment models successfully
• Performs other duties as assigned.

Requirements

• Bachelor’s Degree in accounting or business administration required, CPA or a Master’s degree in accounting preferred
• Seven (7) years of progressively responsible management experience in accounting experience within a healthcare environment preferred
• Demonstrated experience in/knowledge of Federally Qualified Health Centers (FQHCs) In lieu of FQHC experience, at least four years of financial management leadership experience in a healthcare provider setting (hospital, private practice, community-based mental health agency)
• Experience ensuring accounting compliance with federal and state grants management policies, as well as fund accounting for private grants and donations
• Experience in and understanding of third-party billing for healthcare services.
• Demonstrated passion for and commitment to a community health mission
• Experience managing a small team as a responsive, knowledgeable and fully engaged leader
• Strong financial management and analytical skills—experience in managing and analyzing the financial performance of an organization with multiple and shifting funding streams
• Demonstrated ability to direct and successfully manage multiple projects on time
• Ability to meet deadlines and work under pressure in a fast-paced environment with frequent interruptions and shifting priorities
• Ability to build collaborative and productive relationships across the Board, Leadership and Senior Management Team members, government officials, provider partners, funders and donors
• Excellent oral and written communication skills. Superior analytics, planning, and organization skills
• Ability to deal with sensitive information in a highly confidential manner
• Experience in working on financing for large capital projects is a plus (i.e. New Market Tax Credits, tax-exempt bonds, etc.)

Living on the North Shore

With facilities in Salem, Peabody, and Gloucester, we offer access to New England’s Coastal charm just thirty minutes outside Boston. The north shore is connected to the city via the Rockport Commuter Rail line, which makes stops in Salem and Gloucester. The north shore has plenty to offer, with a rich history and thriving cultural scene.

For Information Please Contact:

Sam.Siebu@SOKSGroup.com

Telephone - 919-816-6636

EEO Statement:

We are an equal employment opportunity employer. Our goal is to have a diverse workforce representative of all people, at all job levels, in the organization. We do not and will not make any personnel decisions (like recruiting, hiring, job assignments, and promotions) based on age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity, gender expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law.