Chief Financial Officer is responsible for developing an organization's overall financial policies. Provides strategic direction of all financial functions including accounting, budget, credit, insurance, tax, and treasury. Being a Chief Financial Officer ensures that proper financial controls are in place and that financial transactions support the overall business strategy while conforming with applicable laws and regulations. Requires an advanced degree. Additionally, Chief Financial Officer may require the Certified Public Accountant (CPA) credential. Typically reports to chief executive officer (CEO) or chief operating officer (COO). Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. (Copyright 2024 Salary.com)
JOB CONTENT
1. Position Summary:
2. Essential duties and responsibilities which must be performed in order to carry out the position purpose summarized above:
(The following description is a general representation of the key duties and responsibilities of this position. Other duties may be assigned, as required.)
A. Develop and implement standard accounting, analysis and reporting procedures. Prepare or oversee the development of all financial reports, statements, grants etc.
B. Work closely with the Board and the Board Finance Committee to formulate and recommend policies on financial controls; implement Board and management policies. Prepare and present monthly financial statements.
C. Oversee and direct the management of health center support functions including front office, billing, accounts receivable and information technology.
D. Assure timely cash collections. Maintain a thorough knowledge of health care billing and managed care contracts.
E. In conjunction with the Board Finance Committee and the Chief Executive Officer, direct cash management activities.
F. Serve as an advisor to and consult with the Chief Executive Officer and seniormanagement on financial matters; monitor cash liquidity and provide trended analytical reports to provide meaningful management information; identify potential problems and recommend timely remedial action.
G. Calculate and analyze financial ratios in relation to health center industry norms.
H. Develop and recommend financial components for major purchases, new programs and construction projects.
I. Establish and maintain NFP’s relationship with financial institutions.
J. Prepare annual operating budget; monitor expenditures and analyze variances. Provide monthly budget to actual reporting by cost and revenue center.
K. Work closely with the external auditors; assure timely and accurate preparation of audit materials. Report audited finances to Board.
L. Direct and manage staff: select, hire, train, coach, counsel and assure performance. Evaluate departmental roles and structure to assure efficiency and effectiveness and provide professional growth opportunities where possible.
M. Serve as a member of the senior management team, participating in the development of organizational strategy and policy
Qualifications:
A. Specific knowledge, training or skills required to perform the duties of this position. Specific concepts, courses, training programs or required certifications:
(To perform this position successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)
B. Essential Physical Demands and Working Environment:
(The physical demands and work environment described below are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)
C. Previous experience that is necessary background to qualify for this position:
REPORTS TO AND EVALUATED BY: President, Chief Executive Officer
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