Chief Finance Officer

$140,000 - $140,000/Yr

Robert Half - Holyoke, MA

Full-time - Senior

Holyoke, MA

Administrative and Support Services

About the position

We are seeking a Chief Financial Officer (CFO) to join our team in Holyoke, Massachusetts. The CFO will be responsible for overseeing all financial operations of the organization, ensuring compliance with accounting principles and local, state, and federal regulations. This role is critical in contributing to the achievement of performance goals and maintaining the financial health of the organization. The CFO will manage the business office staff, which includes billing, collections, financial counseling, utilization review, and data processing. In this position, the CFO will implement and maintain effective revenue cycle processes to optimize cash flow and ensure that company policies and procedures are adhered to in order to minimize risk to the facility. The CFO will oversee the accurate capturing and posting of all financial and daily accounting activities, ensuring timely completion and distribution of monthly financial statements and regular productivity reports. Additionally, the CFO will maintain patient accounts receivable at appropriate levels, taking into account market conditions, payer mix, and acuity levels. The CFO will also contribute to and monitor performance goals and objectives, analyze variances, and develop action plans to achieve targets. It is essential that all balance sheet accounts are reconciled monthly and that internal controls are in place to facilitate clean audit opinions. The CFO will oversee various departments, including Accounting, Patient Financial Services, Purchasing, and Payroll, ensuring the accurate and timely completion of the financial closing process each month. Furthermore, the CFO will be responsible for preparing and distributing financial statements and monthly operating review reports, as well as assisting the corporate finance and accounting team in the annual independent audit preparation and process. Regular reporting on operating statistics and financial metrics will also be a key responsibility of this role.

Responsibilities

• Manage the activities of the business office staff, including billing, collections, financial counseling, utilization review, and data processing.
• Implement and maintain effective revenue cycle processes to optimize cash flow.
• Ensure company policies and procedures are implemented to minimize risk to the facility.
• Oversee the accurate capturing and posting of all financial and daily accounting activities.
• Ensure timely completion and distribution of monthly financial statements and regular productivity reports.
• Maintain patient accounts receivable at appropriate levels considering market, payer, and acuity mix.
• Contribute to and monitor performance goals and objectives, analyze variances, and develop action plans to achieve targets.
• Ensure all balance sheet accounts are reconciled monthly and internal controls are in place to facilitate clean audit opinions.
• Oversee departments such as Accounting, Patient Financial Services, Purchasing, Payroll, and others as required.
• Ensure the accurate and timely completion of the financial closing process each month.
• Prepare and distribute financial statements and monthly operating review reports.
• Responsible for the preparation of the annual operating and capital budgets.
• Assist the corporate finance and accounting team in the annual independent audit preparation and process.
• Regularly report on operating statistics and financial metrics as scheduled or requested.

Requirements

• Minimum of 5+ years in an equivalent role.
• Experience in the healthcare industry.
• Previous management experience.
• Expertise in Accounting Software Systems.
• In-depth understanding of Accounting Functions.
• Experience in Auditing.
• Ability to manage Budget Processes.
• Knowledge of Capital Management.
• Proficiency in Cash Flow Analysis.
• Ability to handle Month End Close.
• Experience in Business process improvement.
• Proficiency in Process Improvement Initiatives.
• Experience in Budgeting and Forecasting.
• Must not have any discriminatory behavior or actions.
• Respect for all individuals regardless of their background or personal characteristics.
• Ability to work collaboratively in a diverse team environment.
• Strong communication and interpersonal skills.
• High level of integrity and professionalism.
• Excellent problem-solving and decision-making abilities.
• Strong analytical and strategic thinking skills.
• Ability to maintain confidentiality of sensitive information.
• Willingness to continuously learn and adapt in a fast-paced environment.
• Strong leadership skills with the ability to inspire and motivate a team.