Chief Financial Officer

Chief Financial Officer

Minimum Qualifications:

Bachelors degree required. Master’s degree preferred in Accounting, Business Administration, Finance or a related field.
Experience: 5-10 years of related experience in Accounting Management or related experience preferable in a clinical setting including a minimum of 2 years in management capacity.
Job Duties:

•Responsible for implementation of recording and timely reporting of entries to the general ledger, payroll, payables, receivables, grants, accounting, taxes, budget preparation, fiscal reporting i.e. Medicare, Medicaid, UDS, FSR, IRS, budgets patient registration, cashiering, and purchasing.
•Actively monitors compliance with current accounting policies and procedures including HRSA’s Health Center Compliance Manual.
•Analyze and develop alternatives for changing policies and procedures that promote efficiency, control, and quality in the accounting process.
•Develop and maintain written procedure manuals that are consistent with Corporation’s policies, goals, and objectives. Coordinate implementation with other departments appropriately.
•Manage cash flow, program transfers, and program/services generated revenues.
•Perform periodic cost studies of fee schedules, billed charges, billing procedures, sites, and services, such as lab, radiology. Report results to CEO, senior managers and/or Board per CEO directives.
•Develop, monitor, and enforce systems to ensure maximum internal control of finances including bank balances, accounts receivable, accounts payable, depreciation schedules on property and equipment. At least threes times annually, audit all financial reports, books, and records to ensure adherence to general accounting standards.
•Maintain current inventory of and provide safeguards for all corporate assets
•Review request for capital expenditures, personnel expenditures, and other expenditures and present to CEO and/or Board Finance Committee with recommendations.
•Manage, direct, and advise maintenance of the general ledger, accounts receivable, accounts payable, payroll, fringe benefits, capital improvement plan, equipment replacement program, and other accounting operations to standard accounting principles. Ensure general ledger contains appropriate revenue and expense allocations.
•Perform annual review of all contracts and report results to CEO.
•Compare performance with operating plans/standards and report results appropriately.
•Manage billing and collection to ensure each person receiving services is billed according to their method of pay as determined by eligibility.
•Responsible for preparation, coordination and timely submission of all financial reporting requirements including Medicare/Medicaid Cost Reports, FQHC Cost Reports, UDS, and other external as well as internal financial management reports.
•Must remain abreast of the personnel market and make recommendation to the CEO regarding salary structure and working conditions.
•Evaluate performance improvement outcome requirements in order to design and maintain a financial organizational chart indicating adequate staffing.
•Provide staff leadership and technical guidance in reviewing analyzing, evaluating and reporting on program progress in financial terms. Establish and maintain internal financial in-house training and education programs.
•Prepares all financial reports to grant awarding agencies and funding sources as required and assures their timely submission.
•Attend conferences, represent the Corporation and participate in meeting to keep abreast of financial and economic environment and as required by the CEO.
•Develop and maintain good working relationships with other departments to enhance and encourage timely and appropriate flow of financial information and reports.
•Manage eligibility to ensure each patient is charged according to ability to pay.

Knowledge, Skills, & Abilities
Knowledge of principles and practices of strategic planning, development, and evaluation.
Knowledge of and ability to interpret and apply related federal, state, and local laws, rules and regulations.
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups or organizations. Ability to communicate with patients and family members from various educational and socio-economic backgrounds.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, and volume. Ability to apply concepts of basic mathematics
Knowledge of and ability to interpret and apply related institutional policies and procedures.
Ability to communicate effectively verbally and in writing.
Ability to establish and maintain effective working relationships.
SUPERVISORY RESPONSIBILITIES

Supervises other employees within the department. Leads other committees and teams as needed.