Job Purpose and Reporting Structure: The Chief Financial Officer (CFO) is responsible for all financial matters of the healthcare center. This includes, but is not limited to, planning, organizing, directing, and controlling all financial activities. Applies generally accepted accounting principles to account for and analyze financial information. Provides for the collection, organization, analysis, and distribution of financial and management information reports. The CFO reports to and works closely with the President/CEO; and will partner with the senior leadership and the Board of Directors to develop and implement strategies across the organization. The CFO will oversee compliance and reporting for federal, state, and county contracts, as well as private grants. The CFO must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing a finance staff.
Essential Duties and Responsibilities to perform all general duties as CFO and other duties may be assigned.
Financial Management: Works closely with the President/CEO to establish financial objectives. Prepares monthly financial statements and other periodic reports. Works with the President/CEO and other management team members to develop and implement plans to meet short-term and long-term financial and operational goals. Advises President/CEO on financial matters. Attends monthly Board meetings to advise on financial matters. Ensures the healthcare center is collecting all monies that are owed. Oversees accounts payable, payroll, payee services, and operating expenses. Oversees all grant administration including funding and reporting. Maximizes billing to all third-party resources ensuring accuracy and timelines. Oversees all agency budgeting and reporting.
Accounting: Responsible for the quality, accuracy, and thoroughness of accounting and bookkeeping activities of the healthcare center. Includes accounting for patient services, receivables, payables, inventory, daily cash control and deposits, and bank reconciliation. Ensures the integrity of the general ledger, and prepares monthly journal entries. Works with public accountants to prepare for and conduct annual audits. Oversees and prepares the audit to meet OMBA-133 standards.
Supervision: Supervises all employees reporting to this position. Recruits, interviews, selects, and trains employees to ensure performance and productivity. Establishes formal means of accountability and conducts regular performance appraisals.
Asset Management: Safeguards and accurately accounts for financial and capital resources through establishing and monitoring programs for internal controls and general security.
Plans for and effectively manages cash flow. Makes recommendations on when and where to invest cash, pay debts, and maximize return.
Assists the President/CEO with other banking issues including credit lines and financing large capital acquisitions.
Oversees the capital acquisition process. Works with the President/CEO to determine need and financial analysis prior to purchase/lease activities.
Work Relationships: Reports directly to the President/CEO. Is a member of the Management Team and attends Board of Directors meetings. Works closely with all managers and physicians. Handles business operations in the President/CEO’s absence within defined limits of authority to act.
Performance Dimensions: Quality, accuracy, timeliness, and thoroughness of work; adherence to GAAP; ability to work with the President/CEO and other managers; ability to communicate effectively and to develop good working relationships with others; soundness of business decisions; integrity and honesty.
Education and Experience: Four-year degree in Accounting or related area required. CPA preferred. Minimum of ten years experience in accounting and financial management with emphasis in a healthcare and community service environment.
Other Skills and Abilities: Must be proficient in use of computerized accounting systems; accurately and timely prepare financial statements; familiarity with federal, state & local contract compliance; manage the governmental payment systems including the PMS and 330 programs; deal effectively with time pressures, stress, and change.
Work Environment: Work is performed in an office environment during normal business hours. Overtime is used to complete required work.
Equipment Operated: Utilize computers internal and online including all applications including Excel spreadsheets, calculators, fax machines, copiers, etc.
Virginia Community Healthcare Association (VCHA) is a non-profit membership organization that serves as the primary care association for Virginia’s thirty community health centers and look-alike health centers. Membership in VCHA is open to all Federally Qualified Health Centers (FQHCs) and Federally Qualified Health Center Look-Alikes operating delivery sites in Virginia. VCHA supports our health centers in their mission to provide access to health care regardless of geographic location or ability to pay.