Chief Financial Officer

PrideStaff - Wilmington, DE

Full-time - Executive

Wilmington, DE

1,001-5,000 employees

Administrative and Support Services

About the position

The Chief Financial Officer (CFO) is a pivotal administrative role within our client's community health center, operating under the direct supervision of the Chief Executive Officer (CEO). This position carries the primary responsibility for managing the financial affairs of the organization, which includes overseeing various programs and additional locations. The CFO will be tasked with a wide array of financial management duties, including but not limited to managing cash flow and cash transactions, preparing and reporting financial statements, and ensuring compliance with audit requirements. The role also involves maximizing investments and implementing internal controls to safeguard the corporation's assets. In addition to these responsibilities, the CFO will be responsible for documenting and modifying the financial procedures manual as necessary, establishing purchasing controls, and preparing cost accounting and financial reports for regulatory agencies. The CFO will compile, monitor, and report on the budget, manage grants, and maintain all corporate financial records. This position is critical in ensuring the financial health and sustainability of the organization, requiring a strategic mindset and a strong foundation in financial management practices. The CFO will directly supervise staff and be fully accountable for managing all financial and grant management activities within the organization. This includes preparing monthly financial statements and other financial reports, compiling operating budgets with input from the senior management team, and monitoring performance to facilitate timely decision-making. The CFO will also be responsible for processing cash disbursements, monitoring cash flows, and maintaining the general ledger in accordance with Generally Accepted Accounting Principles (GAAP). Furthermore, the CFO will manage the audit process, corporate purchasing system, and develop systems for recording capital assets, ensuring compliance with GAAP and internal controls.

Responsibilities

• Directly supervise staff and manage all financial and grant management of the organization.
• Prepare monthly financial statements and other financial related reports.
• Compile operating budget with input from the senior management team on an annual basis.
• Monitor and report performance to aid in timely management decision making.
• Prepare timely cost reports and other required documents for submission to regulatory agencies after CEO approval.
• Process and manage cash disbursements in accordance with corporate cash disbursement protocols.
• Monitor cash flows and advise the CEO appropriately.
• Maintain general ledger and other financial records in accordance with GAAP.
• Ensure monthly billing date from the independent company reconciles to the general ledger.
• Manage the independent and in-house audit process including schedule analysis and report preparation.
• Manage corporate purchasing system and implement purchasing procedures.
• Develop a system for recording capital assets and ensure compliance with GAAP.
• Maintain books and records to separately report financial activities of each segment of corporate operations.
• Develop, revise, and monitor written systems of internal accounting controls.
• Develop written accounting procedures manual including protocols for various financial processes.
• Plan, implement, and monitor annual operating plan for functional units directly supervised.
• Analyze operations programmatically and determine financial feasibility of various programs.

Requirements

• At least a Bachelor's degree in accounting or financial management.
• MBA or CPA, or comparable professional experience.
• Proven leadership ability with at least five years' experience in a leadership role, preferably in a healthcare organization.
• Solid accounting background with cost accounting and cost-based reimbursement experience.
• Knowledgeable and experienced in working with an automated accounting and reporting system (Sage preferred).
• Proficient with Microsoft Office Suite, especially Excel.
• High degree of integrity and self-starter attitude.