Director of Finance

The Director of Finance is a full-time in-office position.

Salary depends on experience, and it is between $85,000 to $115,000 to start.

Summary : We are seeking an experienced, detail-oriented, and proactive Director of Finance to oversee the financial management of our practice. The Director of Finance will manage all financial operations, ensure financial stability, and drive the practice's growth through sound financial decision-making. This role will provide strategic leadership in budgeting, forecasting, financial reporting, and performance analysis, working closely with the leadership team to achieve the practice's financial objectives.

Key Responsibilities :

• Financial Management & Strategy : Lead the financial planning and analysis (FP&A) efforts, including developing annual budgets, forecasts, and long-term financial plans. Provide actionable financial insights and strategic recommendations to the CEO. Oversee and manage cash flow, ensuring the practice's economic health and the ability to meet obligations promptly. Analyze financial performance, identifying areas for improvement and cost savings while maintaining high-quality patient care.

Compensation and Benefits Management : Oversee the development, implementation, and administration of compensation strategies and benefits programs, ensuring they are competitive and align with industry standards. Review and recommend adjustments to compensation packages based on market trends and performance metrics. Administer employee benefits programs, including health insurance, retirement plans, and other employee incentives. Work with HR to ensure compliance with all compensation-related regulations and to

conduct compensation reviews on an ongoing basis.

Physician Compensation and Financial Management : Clear, professional communication with the owners (physicians). Process physician compensation based on agreements, ensuring accuracy and timeliness. Monthly reporting on physician volume and productivity. Design and implement projects as directed by the CEO or Physicians. Assist the owners in

understanding and breaking down the financial reports. Process timely reports with accurate and relevant information. Answer pertinent correspondence and verbal requests in a timely fashion.

Reporting & Compliance : Prepare and present monthly, quarterly, and annual financial statements, ensuring compliance with regulatory standards and best practices. Reports all financial variances. Ensure timely submission of tax filings and compliance with healthcare-specific financial regulations (e.g., Medicare, Medicaid). Ensure proper internal controls and safeguards are in place for financial reporting and audits. Maintains strict patient confidentiality as per policy and HIPAA guidelines.

Revenue Cycle Management : Collaborate with billing, coding, and collections teams to optimize the practice's revenue cycle and reduce the days in accounts receivable. Monitor

payer contracts, insurance reimbursements, and billing accuracy to ensure profitability. Develop strategies to address payer-related issues and improve overall reimbursement

processes.

Operational & Financial Efficiency : Identify and implement opportunities for cost optimization while maintaining the quality and efficiency of the practice's operations. Monitor key performance indicators (KPIs) and operational data to identify trends and provide recommendations for improvement. Work with department leaders to drive accountability for financial performance across the practice. Oversees General Ledger, Accounts Payable, and Accounts Receivable. Oversees accuracy of payroll. Keeps updated on changes to governmental regulations. Answers payment inquiries and processes associated correspondence. Reviews monthly department profit / loss statements. Manages fixed assets and reports information to develop depreciation schedules. Reconciles and ensures the accuracy of balance sheets. Identifies discrepancies and makes necessary adjustments.

Professional Partners : Works closely with accountants to prepare depreciation schedules and taxes. Works closely with the insurance broker to ensure the accuracy of records. Works

closely with Retirement Specialists. Maintains records for retirement funds. Works with vendors as needed to ensure correct and accurate billing.

with cross-functional teams, including HR, IT, Clinical, and Operations, to drive overall organizational performance.

Qualifications :

Accounting, Business Administration, or related field (Master's degree preferred).

Certified Public Accountant (CPA),

Certified Management Accountant (CMA) or other relevant financial certifications preferred.

Minimum of 3 years of experience in a financial leadership role, ideally within a healthcare or medical practice setting.

Knowledge of medical office business functions.

Strong knowledge of healthcare financial regulations and reimbursement processes, particularly in specialty practices.

Experience with budgeting, financial forecasting, and modeling.

Advanced proficiency in financial software and Microsoft Office Suite (Excel, Word, and PowerPoint).

Excellent leadership, communication, and interpersonal skills with the ability to interact with clinical and non-clinical teams.

Strong problem-solving skills and the ability to work under pressure and meet deadlines.

Key Competencies : Financial Acumen

Strategic Thinking

Leadership & Team Building

Analytical & Detail-Oriented

Problem Solving & Decision Making

Effective Communication

Healthcare Compliance Knowledge

Work Environment :

Role 100% onsite in the clinic environment.

This is a full-time position with the option to work a four-day,10-hour schedule for a better work-life balance.

This position reports to the CEO.

Must pass criminal background checks, drug screens, and current reference checks.

Salary : $85,000 - $115,000