About the Position:
A Federally Qualified Health Center (FQHC) in Bristol Vermont is currently seeking an experienced Finance professional to join their staff as their new Chief Financial Officer (CFO). In this role, the CFO will be responsible for overseeing and directing budgeting, audit, tax, accounting, purchasing, revenue cycle, long range forecasting, and insurance activities for the organization.
The CFO is responsible for the fiscal health of the business. Participates with Board of Directors in charting and implementing the corporation’s mission in response to the changing needs of the community. Meets with and informs the Board of Directors concerning current trends, challenges, and activities in the health field to facilitate governance and formulation of policy.
Oversees the annual and long-range financial development and budget management of the organization. Responsible for maximizing the return on financial assets by establishing financial policies, procedures, controls, and reporting systems.
Qualifications:
- Minimum 7 years of progressive financial management experience, with at least 4 years in senior financial leadership roles, including management experience in complex nonprofit organizations.
- Experience and managing staff in the areas of payroll, A/P, general ledger entry, grant vouchering and purchasing.
- Minimum bachelor’s degree in accounting, finance, and/or a related field. CPA master’s degree in business administration or master’s degree in a Finance related field of study (preferred).
- Minimum 5 years’ experience working within the Healthcare industry or Federally Qualified Health Center (FQHC) Federal, State and Local grant knowledge.
- Strong utilization and understanding of accounting software (QuickBooks preferred).
- Proven ability to develop and implement financial strategies and manage financial operations.
- Excellent analytical, problem-solving, and decision-making skills
- Strong leadership and team management abilities.
- Exceptional communication and interpersonal skills.
- High level of integrity and ethical standards.
Responsibilities:
- Drive strategic growth through monitoring of economic conditions, industry standards, and market trends. Utilize expertise in reimbursement models, key performance indicators, and policies to align financial decisions with organizational goals.
- Establish and enforce financial standards, policies, and procedures, ensuring compliance with regulatory requirements and HRSA 330 grant mandates.
- Ensure legal compliance by staying updated on federal, state, and local requirements, advising management on necessary actions.
- Assures that the recording of all financial data, policy and processes are compliant with Generally Accepted Accounting Principles and any other applicable standards.
- Provide timely and accurate financial reports, statements, and decision-support information to the CEO, Board of Directors, and management team. Identify opportunities for financial performance improvement, implementing cost-effective solutions for efficient operations.
- Manage cash and investment assets, maximizing returns while minimizing risk while adhering to policy, and recommend investment strategies for organizational financial health.
- Works in a collaborative manner with Community Partners to further MCH mission.
- Stay informed on industry best practices, trends, and innovative technologies to enhance financial operations.
- Oversee recruitment, selection, onboarding, and then ongoing management and training of financial personnel to build a strong finance team.
- Directs the preparation of all financial statements, including income statements, balance sheets, cash flow statements, tax returns and governmental agency reports.
- Maintains financial dashboards.
- Prepares annual UDS Report, Medicare and Medicaid Cost Reports/Settlements.
- Analyzes revenues and expenses to ensure they are recorded with accuracy.
- Promotes financial integrity upholding high standards and transparency. Leads by example as part of the Senior Team.
- Oversees Procurement/Purchasing to ensure cost control, staying on formulary, and getting contracted pricing.
- Oversees the Revenue Cycle Management Team to ensure insurance postings are occurring within our guidelines.
- Oversees Month End closing process, to include but not be limited to Journal Entries, Balance Sheet and Bank account reconciliations.
- Approves contracts and agreements with suppliers, distributors, federal & state agencies, and other organizational entities.
- Facilitates annual audit. Works with auditors in cooperative and transparent manner to assure a that the organizations Financial Statements are a true and accurate representation of MCH position.
- Ensures annual Single Audit requirements for 330 Grant are met.
- Ensure internal audits of organizational systems and procedures as part of quality efforts to assure compliance with organizational policies.
- Analyzes compensation policies, government regulations and prevailing wage rates to develop competitive compensation plans.