Chief Financial Officer

Description

Salary: $200,000. 00 - $225,000. 00 / year

Community Health Programs' next CFO will join a talented, collaborative executive team fully committed to ensuring that our nonprofit federally qualified health center (FQHC) provides healthcare access and high-quality care to all of our neighbors in the Berkshire region. Your financial leadership, commitment to our mission and appreciation for the unique role of FQHCs in our community will support our patients and our 280+ team members. Our new CFO will join our senior leadership team and needs to bring the following qualifications: a Bachelor's degree in finance or accounting (Master's degree or CPA preferred), 10+ years of experience as a finance leader (including at least 5 years in healthcare, with primary/multispecialty ambulatory care and/or FQHC experience strongly preferred), deep healthcare knowledge (including budgeting, financial analysis, cash flow management, government and healthcare fiscal regulations, revenue cycle management and payer contracting).

Since 1975, Community Health Programs (CHP) has grown and evolved into a dynamic and forward-thinking healthcare organization serving 30,000 residents of Berkshire County. From traditional primary care and women's health, to nutrition, family services and mobile health, we are an exciting and passionate organization of caregivers and problem-solvers.

We are fortunate to live, work and serve the community in beautiful Berkshire County and look forward to having our new CFO work with us on-site. We look forward to welcoming our next dynamic, community-minded CFO to help us fulfill our mission to nurture and inspire healthy lives for people throughout the Berkshires.

Position Requirements

Summary: The Chief Financial Officer (CFO) collaborates with and assists the Chief Executive Officer (CEO) and members of senior leadership in executing CHP's mission and vision. The CFO oversees and directs the finance and billing teams and is responsible for the overall financial health and wellbeing of CHP. Finance functions include the development and oversight of accounting, financial and revenue cycle policies, including cash flow planning, finance, accounting, coding, insurance, internal controls, budget, auditing, claims processing, payroll, and tracking/reporting on financial and related operational metrics. The CFO empowers the finance team and other areas of responsibility by providing the leadership and resources they need to successfully support CHP's operations. The CFO provides the leadership, management and vision necessary to ensure that CHP has the proper financial controls, administrative and reporting procedures in place to ensure effective, compliant, high-performing teams. The CFO works flexible hours and travels to the health center's locations in order to meet CHP's needs. The CFO assumes responsibility for additional organizational functions as needed and in the absence of the CEO, the CFO is the next in command and assumes all fiduciary leadership responsibilities normally entrusted to the CEO.

Essential Chief Financial Officer responsibilities:

Oversees and directs all financial accounting and reporting, procedures, and internal controls, including:

Monthly bank reconciliations.

General Ledger - reconciles control accounts to corresponding subsidiary ledgers.

Accounts Payable - verifies accuracy, classifications, and proper approvals.

Accounts Receivable - verifies daily deposits and proper classifications.

Prepares the financial statements in conformity with United States Generally Accepted Accounting Principles (GAAP).

Ensures that the financial statements and all accounting records are accurate for examination by independent auditors.

Analyzes, prepares, and presents financial statements to management, the Board and the broader CHP community.

Reviews departmental financial statements with management, provides assistance and presents information at meetings as requested.

Monitors departmental financial performance and internal controls.

Develops and implements financial policies and procedures and ensures compliance.

Oversees CHP's relationships with federal and state tax authorities and government regulators.

Oversees payroll department and all related processing, reporting, tax filings, etc.

Oversees financial performance and ensures compliance with fiscal governmental reporting requirements, including tax reports.

Oversees and directs all revenue cycle activities, including:

Accurate and timely billing to third party payers.

Reviews billing/collection patterns and makes corrective recommendations, including working in collaboration with the CEO and COO in the development of policies/procedures to ensure corrections are made in a timely manner to enhance revenue.

Interprets and communicates third party payer rules and regulations.

Works with Operations leadership to implement best practices in support of effective billing and collections.

Ensures that appropriate monitoring and auditing of coding, documentation and billing practices are in place.

Developing and executing contracting strategies.

The CFO is empowered to make key financial and operational decisions in alignment with CHP's strategic goals. This includes the authority to:

Approve and implement financial policies and procedures across all departments.

Make decisions regarding budget allocations, expense approvals, and financial forecasting.

Negotiate and finalize contracts with vendors, third-party payers, and other financial partners.

Directly manage and authorize significant expenditures, investments, and resource allocations within the organization.

Implement corrective actions in financial and operational processes to enhance efficiency and effectiveness.

Assume full fiduciary leadership responsibilities in the absence of the CEO, including decision-making on critical organizational matters.

Essential Skills and Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bachelor's degree in finance or accounting required. Master's degree or Certified Public Accountant (CPA) preferred.

Minimum of ten (10) years' experience, including five (5) years in a healthcare organization as well as experience in fiscal services (grants, contracts, billing and collections, bookkeeping, accounting, reporting). Experience in primary or multispecialty ambulatory care and/or federally-qualified health center strongly preferred.

Required healthcare knowledge:

Financial and budgetary practices to develop annual budget, analyze financial data and patterns, and prepare financial statements

Cash flow forecasting and management

Strategic business objectives and employee performance objectives

Governmental and health care fiscal regulations and reporting requirements

Electronic health records and practice management systems

Revenue cycle management mechani.