Chief Finance Officer

Milwaukee Health Services - Milwaukee, WI

Full-time - Senior

Milwaukee, WI

Ambulatory Health Care Services

About the position

The Chief Finance Officer (CFO) at Milwaukee Health Services is responsible for overseeing the financial operations of the corporation. This includes developing and administering accounting policies, managing financial systems, and ensuring accurate financial reporting. The CFO will supervise accounting staff, prepare operating budgets, and manage capital acquisition strategies, all while ensuring compliance with grant regulations and GAAP standards.

Responsibilities

• Develop and assist in the preparation of program operating budgets.
• Design and implement internal accounting policies and procedures in accordance with grant regulations and GAAP.
• Prepare and articulate corporate cost reporting; explain and present to the board of directors, other fiscal intermediaries, and funding agencies.
• Maintain the accounting system utilizing generally accepted accounting principles and techniques to systematically record, present, and interpret financial data.
• Prepare corporate financial statements including corporate assets, liabilities, and fund balances; comparative budget to actual revenue and balance sheets.
• Ensure timely completion of necessary reports for the Governing Board, President/CEO, and funding agencies according to stipulated standard procedures.
• Oversee the proper recording and system controls for cash receipts, grant drawdowns, cash disbursements, bank transfers, and deposit of clinic receipts.
• Submit all monthly financial statements to the Financial Committee and Board of Directors within two working days before any scheduled meeting.
• Reconcile all corporate account bank statements.
• Review travel reports for all employees and Board Members and calculate reimbursement amounts if necessary.
• Review and approve all purchases on behalf of the corporation, ensuring compliance with purchasing guidelines.
• Review cash requirement reports related to total accounts payable and availability of cash.
• Coordinate and oversee the preparation and reconciliation of payroll related functions with the Human Resources Manager.
• Assist the Human Resources Manager in reviewing and assessing the corporate salary scale and benefit structure.
• Attend meetings on behalf of the corporate financial information presented, as well as on behalf of the President/CEO, as needed.
• Directly oversee the Accounting Department, Accounts Receivable, Billing Departments, Management Information Systems, payroll, and purchasing/storeroom functions.

Requirements

• Degree in Accounting/Business Administration from an accredited institution.
• Considerable knowledge of accounting principles, practices, and procedures.
• CPA or CMA preferred.
• A minimum of five years' experience in an accounting position with a focus on financial systems development and corporate reporting.
• Experience in financial operations, maintenance of a central accounting system, and budget preparation, preferably in a healthcare setting.
• Management and supervisory experience of at least five to seven years in a healthcare-related field or entity.
• Ability to administer and maintain a complete and accurate financial accounting system for corporate operations.
• Skillful in the operation of software and office machines used in accounting procedures.
• Ability to analyze and articulate corporate financial status with emphasis on cost reporting.

Nice-to-haves

• Experience with 330 desired.