Chief Financial Officer (CFO)
Reports To: Chief Executive Officer
FLSA Status: Exempt
Position Summary
The Chief Financial Officer (CFO) provides strategic financial leadership and oversight of the Health Center's financial operations. Reporting directly to the Chief Executive Officer, the CFO is responsible for ensuring the organization's financial stability, maintaining fiscal integrity, and supporting its long-term strategic goals.
The CFO oversees financial planning, budgeting, accounting, financial reporting, audits, and revenue cycle operations. This individual serves as a key member of the executive leadership team, providing financial insight and guidance to support informed decision-making, operational efficiency, and the continued delivery of high-quality healthcare services to the community.
Compensation and Benefits
The Health Center offers a competitive compensation package, commensurate with experience and qualifications, along with a comprehensive benefits package that includes:
- 401(k) with employer matching
- 120 hours of Paid Time Off (PTO)
- 80 hours of Sick Time
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
Key Responsibilities
Financial Leadership and Strategic Planning
- Provide executive leadership and oversight of all financial operations, ensuring the organization's long-term financial health and sustainability.
- Partner with the CEO and executive leadership team to develop and implement financial strategies aligned with organizational goals.
- Serve as a strategic advisor to leadership and the Board of Directors on financial performance, opportunities, and risks.
- Analyze financial and operational performance to identify opportunities for cost reduction, operational improvement, and sustainable growth.
- Develop financial policies, procedures, and long-term plans that support effective resource allocation and organizational stability.
Financial Management and Reporting
- Oversee the preparation, management, and monitoring of annual operating budgets and financial forecasts.
- Direct accounting operations, financial reporting, cash flow management, and financial controls.
- Prepare and present accurate, timely financial reports to executive leadership and the Board of Directors.
- Establish and maintain effective financial systems, accounting procedures, and internal controls.
- Monitor financial performance and provide recommendations to improve efficiency and financial outcomes.
- Ensure the accuracy and integrity of all organizational financial records.
Compliance, Auditing, and Fiscal Oversight
- Ensure compliance with applicable federal, state, and local financial regulations, accounting standards, and organizational policies.
- Oversee financial audits and coordinate with external auditors and regulatory agencies.
- Maintain appropriate oversight of program funding, expenditures, and financial reporting requirements.
- Evaluate financial risks and implement strategies to protect organizational assets and resources.
- Ensure appropriate management and accountability of funds across programs and departments.
Revenue Cycle and Operational Oversight
- Provide leadership and oversight of the Health Center's billing and revenue cycle functions.
- Monitor revenue performance, reimbursement processes, and financial operations to support organizational sustainability.
- Collaborate with operational and clinical leadership to improve financial performance and resource utilization.
- Identify opportunities to strengthen financial processes, reporting systems, and operational efficiencies.
Team Leadership and Development
- Directly supervise accounting and billing staff, providing leadership, guidance, and professional development.
- Build and maintain a high-performing financial team focused on accountability, accuracy, and continuous improvement.
- Establish clear performance expectations and ensure compliance with organizational policies and applicable employment laws.
- Foster collaboration between finance, operations, and other departments.
Qualifications
Education
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field required.
- Master's degree in Accounting, Finance, Business Administration, or a related discipline preferred.
Professional Experience
- Minimum of five years of progressive financial management experience, preferably within a healthcare organization.
- Demonstrated experience overseeing accounting, budgeting, financial reporting, and fiscal operations.
- Experience managing and developing financial and accounting teams.
- Strong understanding of financial regulations, compliance requirements, and internal controls.
- Experience with healthcare billing, reimbursement, and revenue cycle operations preferred.
- Experience working within a community health center or Federally Qualified Health Center (FQHC) environment preferred.
Knowledge, Skills, and Abilities
- Strong financial analysis, strategic planning, and organizational leadership skills.
- Comprehensive understanding of accounting principles, financial reporting, budgeting, and financial management.
- Ability to interpret complex financial information and communicate findings effectively to executive leadership and the Board of Directors.
- Demonstrated ability to identify financial risks, develop solutions, and improve operational performance.
- Excellent communication, interpersonal, and problem-solving skills.
- Strong proficiency with accounting software, financial management systems, and Microsoft Office applications, particularly Excel.
- Ability to manage multiple priorities, exercise sound judgment, and maintain confidentiality.
- Strong commitment to the mission and values of community-based healthcare.
Supervisory Responsibilities
The CFO directly supervises the accounting and billing teams and is responsible for providing effective leadership, performance management, staff development, and oversight of departmental operations.
Physical Demands and Work Environment
The physical demands described are representative of those required to perform the essential functions of this position. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform these functions.
The position primarily involves office-based work, including extended periods of sitting, computer use, and communication with staff and leadership. Occasional standing, walking, and lifting of up to 20 pounds may be required.
The CFO must demonstrate professionalism, adaptability, sound judgment, attention to detail, and the ability to manage competing priorities in a dynamic healthcare environment.