Chief Financial Officer

Care Alliance Health Center - Garfield Heights, OH

Full-time - Senior

Garfield Heights, OH

Ambulatory Health Care Services

About the position

The Chief Financial Officer (CFO) at Care Alliance Health Center is responsible for the financial leadership and strategic management of the organization’s fiscal operations. This role is crucial in overseeing financial planning, budgeting, forecasting, and reporting to ensure the financial stability and sustainability of the organization. The CFO provides strategic insights to the executive team, guiding decision-making to support the mission of delivering high-quality healthcare to underserved communities, while ensuring compliance with financial regulations and optimizing revenue streams.

Responsibilities

• Develop and oversee the organization’s financial strategy, ensuring alignment with Care Alliance’s mission and long-term goals.
• Lead budgeting, forecasting, and financial planning processes.
• Ensure accurate and timely preparation of financial statements and reports, adhering to regulatory standards and organizational policies.
• Oversee audits and maintain compliance with federal, state, and local financial regulations.
• Lead and optimize patient billing and revenue cycle processes, ensuring timely collections and accurate billing.
• Monitor and manage cash flow, investments, and financial assets to meet operational needs.
• Identify cost-saving opportunities and implement efficient financial practices.
• Design and implement robust internal controls to safeguard assets and minimize financial risk.
• Manage and report on grant funding and restricted funds, ensuring proper allocation and compliance.
• Serve as a key advisor to the CEO and executive team, providing financial insights for strategic decision-making.
• Lead and mentor the finance team, promoting professional development and high-performance standards.
• Prepare and present financial reports and forecasts to the Board of Directors and stakeholders.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field required; Master’s degree in Finance or MBA preferred.
• Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation is highly desirable.
• Minimum of 10 years in finance, accounting, or a related field, with at least 5 years in a senior leadership role overseeing financial strategy and operations, ideally within healthcare or nonprofit sectors.
• Proven experience managing patient billing and revenue cycle operations, with a track record of optimizing collections and improving billing accuracy.
• Strong background in regulatory compliance, financial reporting, and managing audits, with knowledge of federal and state healthcare finance regulations.
• Proficiency in financial management software, advanced Excel skills, and the ability to interpret complex financial data.