Chief Financial Officer

Zufall Health Center - Dover, NJ

Full-time - Senior

Dover, NJ

Ambulatory Health Care Services

About the position

The Chief Financial Officer (CFO) at Zufall Health plays a pivotal role in shaping the financial strategy of the organization under the guidance of the President and Chief Executive Officer. This position is responsible for establishing and implementing financial policies and procedures that align with the organization's objectives. The CFO oversees a range of financial processes, including general ledger management, accounts payable, billing and collections, grants management, and payroll. This role also ensures compliance with financial practices across various organizational departments, thereby maintaining the integrity and efficiency of financial operations. In the realm of financial management, the CFO provides leadership and supervision over all financial transactions within the center. This includes the development and implementation of robust financial policies and controls to ensure compliance with regulations and to facilitate efficient financial operations. The CFO directs day-to-day financial activities, which encompass accounting, financial reporting, and analysis. Additionally, the CFO is responsible for the preparation of financial statements and reports for both internal and external stakeholders, ensuring that the organization’s financial health is accurately represented. The CFO also plays a critical role in billing and claims management, overseeing the billing and claims processing functions to optimize revenue cycle management. This includes ensuring the accurate and timely submission of claims to insurance providers and government agencies, as well as monitoring billing trends and collections to identify areas for improvement. Budgeting and forecasting are key responsibilities of the CFO, who prepares the organization’s federal, operating, capital, and grant budgets. The CFO monitors and revises these budgets to reflect actual expenditures and leads the annual budgeting process while collaborating with department heads to develop budget guidelines. Financial projections and analyses are provided to support strategic decision-making, ensuring that the organization remains on track to meet its financial goals. As a liaison to the Board of Directors and its Finance Committee, the CFO oversees all phases of the organization’s accounting, including the preparation of monthly financial statements and progress reports. The CFO presents financial reports and strategic recommendations at board meetings, fostering transparency and accountability. In terms of audit and compliance, the CFO is responsible for the annual audit and ensuring adherence to accounting standards and regulatory requirements. This includes implementing and maintaining internal controls to safeguard organizational assets and mitigate financial risks. The CFO also collaborates with human resources on payroll and salary schedules, ensuring compliance with ERISA laws and employee benefits requirements. Overall, the CFO at Zufall Health is a strategic thinker with a strong understanding of healthcare billing and reimbursement processes, capable of providing financial insights that support the organization’s goals.

Responsibilities

• Establish and implement financial strategy to meet organizational objectives.
• Provide oversight of financial processes including policies, procedures, and compliance.
• Direct day-to-day financial activities including accounting and financial reporting.
• Oversee preparation of financial statements and reports for stakeholders.
• Manage cash management and investments according to Health Center policies.
• Optimize revenue cycle management through billing and claims processing oversight.
• Prepare and monitor federal, operating, capital, and grant budgets.
• Lead annual budgeting process and periodic forecasting activities.
• Collaborate with department heads to develop budget guidelines and monitor performance.
• Serve as liaison to the Board of Directors and Finance Committee.
• Prepare monthly financial statements and progress reports for the Board.
• Ensure compliance with accounting standards and regulatory requirements during audits.
• Implement internal controls to safeguard organizational assets and mitigate risks.
• Collaborate with human resources on payroll and salary schedules.
• Monitor and ensure compliance with ERISA laws and employee benefits requirements.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or related field.
• MBA or CPA preferred.
• Minimum 5 years' experience in nonprofit financial management, preferably in the healthcare industry.
• Strong understanding of healthcare billing and reimbursement processes.
• Demonstrated ability to develop and manage budgets, financial models, and reporting systems.
• Excellent leadership, verbal and written communication, and interpersonal skills.
• Proficient with computers and knowledge of accounting software applications.
• Knowledge of federal programs and community health centers is a plus.

Nice-to-haves

• Experience with financial management in a nonprofit healthcare setting.
• Familiarity with federal funding and compliance requirements.

Benefits

• Health insurance coverage.
• Paid time off and holidays.
• Retirement savings plan options.
• Professional development opportunities.
• Employee assistance programs.