Description
Summary of Position:
Leads all financial strategy and accounting activity of a rapidly growing non-profit Federally Qualified Health Center (FQHC) that specializes in the provision of homeless medicine. Responsible for all budgeting, accounting, financial reporting, projections, cash-flow planning, and revenue cycle management. Recommends and implements practices that foster organizational transparency, viability, and sustainability. Partners with the CEO and other members of the senior leadership team to develop and execute strategies that foster Circle the City’s non-profit mission in the community. The CFO is responsible for all components of the position including non-profit accounting standards, Medicaid and Medicare billing and collection, revenue cycle management for Federally Qualified Health Centers, and data collection/reporting that supports federal grants.
Essential Responsibilities:
Duties include, but are not limited to:
Administers the general accounting, financial, and statistical reporting functions of the organization in accordance with established policies and accounting procedures.
Communicate, engage, and interact with Board of Directors and ELT.
Prepare and present monthly financial budgeting reports including monthly profit and loss by segments, forecast vs. budget by segments, and cash flow by segments.
Review and analyze monthly financial results and provide recommendations.
Identify, develop, and execute analysis of business initiatives and/or new service offerings.
Develop and maintain monthly operating budget and annual company operating budget.
Implements policies, procedures, and processes as deemed appropriate by the senior leadership team.
Directs organization’s data tracking and reporting processes. Ensures timely delivery of data to support grant writing and reporting activity.
Oversee the agency’s revenue cycle including coding, billing, collecting, and recording revenue from Medicaid, Medicare, and other third-party payers.
Plans and monitors company cash flow. In tandem with the CAO, maintains relationships with banks and other financial institutions that facilitate this function.
Oversees month, calendar year, and fiscal year close processes in compliance with GAAP (Generally Accepted Accounting Principles) standards and organizational deadlines.
Assures the preparation of accurate and timely tax returns and other regulatory or required filings (i.e., Form 990, etc.).
Facilitates the organization’s annual audit. Implements changes to processes and practices to enhance compliance with audit standards.
Participates in long and short-term strategic planning processes. Develops budgets and forecasts to support organizational strategy.
Implements reports that track spending, budget variance, and workforce efficiency. Disseminates information to leadership, department managers, and others as necessary on performance improvement and key performance indicators (KPIs).
Recruits, hires, and trains highly skilled individuals to support accounting, finance, and data reporting functions. Coaches staff for improvement and conducts annual performance evaluations. Utilizes performance management process as occasionally required.
Supports the CEO and COO with interactions with the Board of Directors and the Finance Committee members through financial reports at monthly board meetings.
Performs other duties as required.
Supervisory Responsibility: Finance department
Requirements
Education & Experience
Minimum of eight to ten years in an executive leadership role. 5+ years in a senior financial managerial leadership role for a Federally Qualified Health Center, FQHC Look-Alike, or other relevant healthcare setting required.
Master’s degree in accounting, management, or related business field.
Certified Public Accountant with management and audit experience highly desired.
Knowledge, Skills, and Abilities:
High level of organization and prioritization skills to manage multiple competing priorities in an occasionally high-stress environment. Conscious and responsive to established deadlines.
Coaches others and strives for team success over individual accomplishment.
Highly accountable and comfortable both giving and receiving feedback.
Strong people-management and relationship-building skills with a natural orientation toward servant leadership. Able to effectively lead and work within a team environment.
Excellent verbal and written communication skills.
Ability to competently influence stakeholders at all levels of the organization, including staff, physicians, payers, hospitals, and patients.
Physical and Mental Requirements
Position requires extended periods of sitting and standing.
Position occasionally requires bending and reaching.
Must be able to lift, carry, and push 20 pounds on a regular basis.
Must be able to lift and carry up to 50 pounds on an occasional basis.
Comfortable handling competing priorities in an occasionally high-stress environment.
