Chief Financial Officer (Remote)

$150,000 - $150,000/Yr

Morgan Stephens - Columbus, OH

Full-time - Executive

Remote - Columbus, OH

Professional, Scientific, and Technical Services

About the position

The Chief Financial Officer (CFO) at the Behavioral Health Organization in Columbus, OH, plays a pivotal role in overseeing the financial health of the facility. This position is responsible for compiling, analyzing, and reporting on the financial performance of the organization, ensuring that financial practices align with accepted accounting principles and support the facility's goals. The CFO will conduct thorough financial analyses to assess both short- and long-term objectives, utilizing financial forecasting models to maintain sufficient cash flow, reduce costs, and increase revenues. In addition to financial oversight, the CFO actively participates in the development of new programs and projects, contributing to budget preparations, project specifications, and marketing strategies. This role requires a deep understanding of financial data, as the CFO will compile and analyze data for financial reports, providing historical trends for forecasting and ensuring that financial statements are accurate and compliant with accounting standards. The CFO will also be responsible for preparing monthly financial statements and packages, conducting thorough account analyses, and ensuring that internal controls are in place to track spending and gather necessary approvals. The CFO will work closely with departmental managers to assist in the preparation of annual budgets and monitor financial performance across various departments. This includes analyzing staffing performance and making recommendations for improvements. The role also involves directing the accounting, business office, and IT departments to ensure timely and accurate completion of financial tasks. Keeping abreast of federal and state regulations that may impact financial planning is crucial, as is monitoring industry data to anticipate future trends. Safety, teamwork, integrity, and compassion are core values that the CFO must embody, ensuring a safe environment for patients and staff while fostering collaborative relationships within the organization. The CFO will also be involved in contract negotiations, payroll processing, and accounts payable, ensuring compliance with labor laws and timely vendor payments. Overall, this position is integral to the financial stability and operational success of the Behavioral Health Organization, requiring a blend of technical financial skills and strong leadership capabilities.

Responsibilities

• Compile, analyze, and report on the financial performance of the facility.
• Conduct financial analysis to assess the facility's short- and long-term goals.
• Participate in the facility's long-term and short-term financial processes; make recommendations and report deficiencies.
• Assist with the development of new programs/projects through budget preparations and pricing strategies.
• Research and develop projections for the financial impact of facility programs and projects.
• Compile, analyze, and review data for financial reports; provide historical trending information for forecasting.
• Prepare monthly financial statements and financial packages as requested.
• Perform thorough account analysis, variance determinations, and journal entries.
• Ensure financials are fairly stated and meet generally accepted accounting standards.
• Develop and present financial, statistical, and operational reports timely as requested.
• Responsible for annual facility budgetary projections and assist departmental managers in budget preparation.
• Monitor, analyze, and report on financial and staffing performance of individual facility departments.
• Direct and monitor procedures performed by the hospital's accounting, business office, and IT departments.
• Keep current with proposed federal and state statutes and regulatory requirements impacting financial planning.
• Monitor industry data to analyze future trends and their impact on budget needs.
• Ensure internal controls are in place to track spending and gather proper approvals.
• Assist in contract negotiations and review terms to minimize risk and costs.
• Supervise the information technology of the entire facility and ensure patient information security.
• Perform other duties as assigned.

Requirements

• Bachelor's degree in Accounting, Business Finance, or related field.
• Five (5) years of related experience in financial management.
• Skilled in using computerized operating systems and financial forecasting models.
• Ability to compile and analyze financial data and prepare reports.

Nice-to-haves

• Master's degree in Business Administration, Accounting, or Finance area.
• Minimum of one (1) year of experience in a behavioral health setting.

Benefits

• Compensation in the range of $150,000 + benefit plan.