Rio Grande Urology, P.A. - El Paso, TX
posted about 2 months ago
The Chief Financial Officer (CFO) at Rio Grande Urology is responsible for the comprehensive management of all financial activities within the organization. This includes the planning, implementation, and oversight of business planning, budgeting, forecasting, and negotiations. The CFO will oversee and manage the general accounting and business office functions, which encompass payor contracting, budgeting, revenue and expense reconciliation, and financial reporting, all in accordance with established generally accepted accounting principles (GAAP) and industry best practices. In this role, the CFO will assist in providing strategic direction for financial data aggregation, reporting, and dissemination. They will work closely with the Executive Director to develop both long and short-range operational plans, which may involve service demand analyses, resource availability analyses, and cost-benefit analyses for proposed capital and staffing expansions. The CFO will also be responsible for developing operational and capital budgets that align with the clinic's strategic objectives. The position requires the preparation of all relevant financial statements, including Income Statements, Statements of Cash Flows, and balance sheets, as well as P&L and Pro-Forma statements for relevant operations and investments. The CFO will ensure that all financial reports are properly disseminated to the appropriate audiences, accompanied by management notes and discussion items. Additionally, the CFO will set standards for budgeting, assist managers in departmental budget development, and oversee budget preparation and reporting. Monitoring, interpreting, and analyzing the clinic's financial performance to ensure alignment with established plans and objectives is a key responsibility. The CFO will identify and report undesirable trends and potential business opportunities, making recommendations for action as necessary. They will also be responsible for the timely submission of all financial data and reports required by government entities, financial institutions, and other regulatory agencies, including payroll tax reports and public disclosure reports. Collaboration with leadership and external CPAs to develop appropriate tax strategies is essential, as is working with HR to ensure payroll accuracy and coordinate employee benefit programs. The CFO will participate as a non-voting member of the 401(k) committee, contributing to the financial health and well-being of the organization and its employees.