Chief Financial Officer

Signature Health - Mentor, OH

Full-time - Executive

Mentor, OH

Ambulatory Health Care Services

About the position

The Chief Financial Officer (CFO) at Signature Health is a strategic leader responsible for ensuring financial stability and facilitating growth within the organization. The CFO plays a pivotal role in navigating the healthcare industry's dynamic landscape, driving financial strategies, managing resources, and safeguarding assets in alignment with the organization's mission and values. This position involves leading the finance department, overseeing financial activities, and collaborating with senior leadership to optimize financial performance and support organizational goals.

Responsibilities

• Develop and implement comprehensive financial strategies that align with the organization's mission, vision, values, and goals.
• Analyze financial performance, identify areas for improvement, and recommend strategies to optimize revenue generation, cost control, and operational efficiency.
• Lead the budgeting process, working closely with other senior leaders and directors to develop realistic and accurate financial plans.
• Monitor financial indicators and market trends to identify potential risks and opportunities, ensuring proactive decision-making to adapt to industry changes.
• Oversee all financial activities and personnel including accounting, budgeting, revenue cycle, financial analysis, and reporting.
• Create and implement policies and procedures for the finance department to streamline workflows, improve efficiencies, and ensure compliance with federal regulations and US GAAP.
• Act as Fiscal Officer for all grant awards, namely HRSA.
• Establish robust financial controls, policies, and procedures to safeguard assets and maintain accurate financial records.
• Provide accurate and timely financial reports, statements, and analysis to inform senior leadership and the Board of Directors on the organization's financial health, performance, and risks.
• Collaborate with external auditors, government agencies, and funding sources to ensure compliance and transparent financial reporting.
• Optimize resource allocation by assessing priorities and identifying opportunities for cost savings and revenue expansion.
• Drive initiatives to enhance revenue cycle management, billing practices, and reimbursement strategies.
• Manage assets, liabilities, and cash flow to maximize efficiency and meet the agency's goals and objectives.
• Coordinate the management of the company's fixed assets including equipment and software.
• Identify and mitigate financial risks, providing strategic guidance to adapt financial practices accordingly.
• Provide effective leadership and mentorship to the finance team, fostering a culture of excellence and collaboration.
• Serve as a financial advisor to the CEO and the Board of Directors, presenting financial updates and recommendations.

Requirements

• Bachelor's degree in Finance, Accounting, or a related field; Master's degree preferred.
• CPA (Certified Public Accountant) designation highly desirable.
• Proven experience (8+) years in senior-level financial leadership roles, preferably within the healthcare industry.
• In-depth knowledge of healthcare finance, reimbursement models, and regulatory compliance.
• Strong financial analysis, budgeting, and forecasting skills.
• Demonstrated experience in developing and implementing financial strategies to support growth.
• Excellent leadership and communication skills, with the ability to engage and influence stakeholders.
• Dynamic team leader that motivates direct reports and teams to work at the highest level of excellence.
• Strong ethical standards and commitment to financial integrity and transparency.
• Demonstrated knowledge of US GAAP, not-for-profit and grant/contract accounting principles.
• Knowledge of FQHC regulatory requirements and relevant Medicaid/Medicare laws and practices preferred.

Nice-to-haves

• Knowledge of patient services billing and accounting practices, including Medicare, Medicaid, and sliding fee plans preferred.
• Advanced skills using Microsoft-based electronic spreadsheet and word processing software, including Excel, Outlook, Word, and PowerPoint.

Benefits

• Medical, Dental, Vision insurance coverage.
• 401k match.
• HealthJoy - a no-cost medical and mental health online resource available from Day 1.
• Robust earned paid time off program (PTO).
• Federal Loan Forgiveness Program (available on eligible roles).
• Tuition & Professional Development Assistance.