BASIC PURPOSE:
The core business/operational responsibilities of this position are to administer, direct and monitor all financial activities and keep the President and CEO and the Board of Trustees informed of the financial condition of the company. Produce timely and accurate financial reporting. Assist management in decision-making via financial reports and implications. Identify financial risks and opportunities.
In addition to the core business/operational responsibilities, the CFO will be an active leader contributing to the strategic direction of the organization. Will work closely with the CEO and other executives to identify strategic market opportunities and potential risks and provide financial leadership in determining and aligning appropriate responses.
ESSENTIAL RESPONSIBILITIES:
Personnel:
- Responsibility for the finance department as a whole
- Direct Supervisory responsibility for Controller, VP Financial Planning & Analysis and Director of Revenue Cycle.
- Recruit staff with appropriate skill levels to accomplish finance goals and objectives
- Builds a highly effective and innovative team as evidenced by successful operational and strategic performance, appropriate risk-taking, innovation, and success in responding to changes in the business environment.
- Structure department to best achieve the goals and objectives of the finance department as a whole; including attention to internal equities (work load) and cost efficiencies
- Creates and nurtures an inclusive environment that provides a sense of belonging for all employees, inspires a team culture with high engagement, and values diverse individuals and perspectives.
- Develop and educate staff for core competency including cross training of employees, professional development and succession planning
- Enforce the personnel policies of the organization
- Conduct routine staff meetings to insure that goals and objectives are communicated and that a forum for two-way feedback on task issues and qualitative issues exist
- Conduct annual personnel reviews of all staff directly reporting to the position
- Leads by Example
General/Operational:
- Keep abreast of reimbursement and billing changes in the ESRD industry, and ensure the CDC complies with any changes and all fees paid in accordance with contract terms.
- Provide proactive, sound guidance regarding management of assets and investments and financial trends within the facilities
- Employee a system of responsible accounting, including budget and internal controls while assuring effective revenue cycle processes to keep patient accounts receivable at an acceptable level
- Work with corporate executives and department managers to implement financial plans and productivity benchmarks and to monitor progress toward financial goals.
- Develop and implement systems that match the needs of the organization and are structured to maximize internal controls and the safeguarding of assets
- Develop and maintain accounting processes as well as policies and procedures. Monitor and maintain the integrity of all financial systems
- Ensures President and CEO and CMC is aware of all key financial developments
- Present quarterly financial statements internally and at Board meetings; responsible for overall content and integrity of the reports
- Present annual operating and capital budgets at Board meetings; responsible for overall content and integrity of the reports
- Correspondent and coordinator with external entities i.e. bankers, asset managers (investments), external auditors, lawyers, computer consultants, bond financing entities such as bond trustee, and rating agencies etc.
- Maintains a thorough working knowledge of federal, state and managed care reimbursement payment methodologies, including contractual accounting, payment calculations, billing requirements and compliance issues.
- Attend and actively participate in Board and company level meetings.
- Check signing responsibilities
Strategic:
- Leads and contributes to strategic initiatives by helping to set the future direction of the company in order to enhance business performance and strategic position.
- Provides strategic leadership and builds strong relationships in the delivery of services provided.
- Plays a part in determining and influencing the allocation of resources and priorities by anticipating and incorporating strategy, business partnerships, and opportunities
- Active participant in business development/strategic planning including pro-forma development regarding financial viability/profitability analysis that integrates with the strategic/business capabilities/needs of the system.
- Creates a capital and risk management lens to support the effective execution of the strategic initiatives of the company
- Establish, implement and monitor management’s intervention strategy when risk issues exceed defined thresholds of risk tolerance.
- Strong at strategic agility (broad knowledge and perspective, future oriented).
- Projects outside of the core responsibilities can be assigned from time to time by the Chief Executive Officer, or Board of Directors
EDUCATION, EXPERIENCE, SKILLS, TRAINING AND LICENSES/REGISTRATIONS:
- Bachelor’s degree from an accredited college with an accounting major is a prerequisite of the position
- CPA required
- MBA preferred
- Lean and Six Sigma trained preferred
- Ten plus years of experience in an accounting related position with at least five years of managerial experience in a healthcare setting is required. Dialysis experience preferred.
- Ability to innovate and approach situations in new ways. Thinks broadly, beyond immediate details and issues, to encourage forward thinking ideas and approaches.
- Fosters the generation of ideas, opportunities and innovation, and keeps employees and the organization open to new possibilities. Displays curiosity and passion for learning.
- Advocates, anticipates and orchestrates change. Demonstrates confidence but also personal flexibility and adaptability. Creates a culture that enables staff to achieve results in a changing environment. Communicates and builds a commitment to change.
- Actively engaging professionally within the region and nationally to develop strong personal contacts with leaders of key external stakeholder groups and organizations.
- Highly motivated professional demonstrating sound judgement and integrity.
- Strong interpersonal skills; imbedded in this position is a requirement to interface routinely with middle and upper management of this company, the ability to communicate both orally and in writing is inherent to success
- Ability to work effectively with and build consensus among diverse constituents whose interests sometimes compete
- Demonstrated ability to articulate departmental goals and to design objectives, strategies, and plans that will provide the organization with the appropriate financial support
- Demonstrated abilities to manage and lead an accounting staff forward to the achievement of designated finance department goals