Chief Financial Officer

About the position

The Chief Financial Officer (CFO) is an executive-level position responsible for directing the organizations financial strategy, planning, and accounting functions. The CFO leads financial operations, ensuring the efficient management of the companys financial health, including oversight of budgeting, forecasting, financial reporting, and risk management. The CFO also plays a key role in managing relationships with lending institutions, investors, and other financial stakeholders, ensuring that the company maintains strong financial partnerships and access to capital. Additionally, the CFO contributes to strategic decision-making by providing financial insights that support organizational growth and long-term sustainability. This role is pivotal in safeguarding the financial integrity of the company, driving profitability, and ensuring compliance with regulatory standards.

Responsibilities

• Lead the development and execution of the companys financial strategy in alignment with organizational goals.
• Identify and implement strategies for sustainable growth, maximizing profitability, and managing costs.
• Identify and implement strategies to optimize end-to-end revenue cycle processes.
• Lead the development and execution of the payer contracting function to improve the reimbursement for the organization.
• Evaluate investment opportunities and lead/manage mergers, acquisitions, and divestitures.
• Assist the Chief Executive Officer (CEO) in formulating and refining the companys long-term financial plan.
• Oversee all accounting functions, ensuring adherence to financial reporting standards and regulatory compliance.
• Contribute to the development of the companys overall strategic plan, ensuring financial considerations are integrated into the business objectives.
• Direct and coordinate annual budgeting processes, financial forecasting, and long-term financial planning activities.
• Prepare regular financial reports to the Board of Directors, senior management, and other stakeholders, detailing the organizations financial position, liquidity, profitability, and growth.
• Establish and enforce financial policies, procedures, and internal controls to ensure accuracy, compliance, and risk mitigation.
• Maintain and monitor internal controls to safeguard company assets and ensure compliance with Generally Accepted Accounting Principles (GAAP) and other relevant regulations.
• Work with external auditors and accounting firms to prepare, review, and present financial statements and reports to the Board of Directors.
• Identify financial risks and implement strategies to mitigate potential threats to the companys financial health and stability.
• Oversee treasury functions, ensuring effective cash flow management and working capital optimization to meet operational and strategic needs.
• Lead and mentor the finance team, fostering a high-performance culture and ensuring continuous professional development.

Requirements

• Bachelors degree in accounting, Finance, or a related field.
• A masters degree in business administration (MBA) or Finance is preferred.
• Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation is preferred.
• Certified Healthcare Financial Professional (CHFP) or equivalent healthcare financial certification preferred.
• Minimum of five years of progressive experience in financial management or accounting, with at least three years in a leadership role overseeing financial strategy, budgeting, and operations.
• Experience in healthcare financial management is strongly preferred, including knowledge of revenue cycle management, payer contracting, and regulatory compliance specific to the healthcare industry.
• Proven track record of successfully leading financial teams, driving operational efficiencies, and providing strategic financial insights to executive leadership.

Nice-to-haves

• In-depth knowledge of clinic financial and budgetary practices, with a focus on developing annual budgets, analyzing financial performance, and preparing financial statements tailored to healthcare operations.
• Strong understanding of governmental regulations, healthcare financial regulations, and compliance standards (e.g., HIPAA, CMS, GAAP, etc.), including reporting and auditing requirements specific to healthcare organizations.
• Advanced proficiency with Microsoft Office Suite (Excel, PowerPoint, Word) and experience with commercially available accounting software (e.g., QuickBooks, NetSuite, or similar financial management tools).