Location: Middletown, NY

Salary Range: $100,000 - $120,000 annually based on experience

Hours: 40 Hours, Monday-Friday 8:00AM-4:30PM

Employment Type: Exempt

SUMMARY OF PROFESSIONAL FUNCTION

The Director of Finance assists the Chief Financial Officer in the overall direction, analysis, and reporting of financial activities for the multi-corporate structure, ensuring reliability of information for current and long-term financial and strategic planning. The Director of Finance has primary responsibility to oversee Accounts Receivable and Billing departments and County and State funding activities as well as ensuring accuracy of the Electronic Health Records system, with leadership support for Payroll functions.  The Director of Finance additionally directs the Financial Services’ billing activities and ensures compliance for billing activities with federal and state laws and regulations.  The Director of Finance works collaboratively with the Chief Financial Officer and leadership team to enhance the stability and growth of the corporations by securing adequate financial resources to continue and expand services. The Director shares responsibility for managing complex revenue streams and cost centers, including analysis of current operations and new business development, financial activities, costs, operations, and forecast data. The Director advises regarding business, programmatic and financial decisions towards corporate objectives and Key Performance Indicators and monitors internal controls and systems designed to preserve company assets and report accurate financial results.

ESSENTIAL FUNCTIONS 

• Leads the operation of financial billing activities to ensure timely submission and maximum collections to secure cash flow and revenue for the corporations.

• Assists the CFO in planning, developing, presenting and implementing corporate financial statements and budgets in a multi-corporate structure. Assists with the management of multiple cost centers to maximize revenue and control expenses.

• Reviews analysis of activities, costs, operations and forecast data to determine progress towards stated goals and objectives and recommends amendments in directions and strategies as required.

• Assists with the preparation and coordination of all internal and external audits. Completes financial analysis for audits and performs income analysis to ensure revenue is maximized, advising on corrective actions and implementation plans.

• Assists with the preparation of Consolidated Fiscal Reports, Consolidated Budget Reports and Quarterly Reports.

• Maintain and update Electronic Health Records system.

• Oversee Accounts Receivable department and ensuring proper accounting of revenue and potential liabilities per generally accepted accounting principles.

• Responsible for ensuring compliance with Medicaid, Medicare and other third party payers of billing submissions.

• Responsible for enhancing and maintaining properly functioning revenue cycle for multiple programs including oversight of various accounts receivable analysis, productivity, and performance trends.

• Develops and implements accounting reports and educates leaders to their use in order to determine the financial position of various programs within the corporation.

• Recommends and assists with the development and implementation of agency policies, procedures and protocols to improve internal controls and compliance with all federal and state laws, regulations and guidelines and generally accepted accounting principles.

• Monitors changes in state and federal regulations and policies and advises the CFO and C-Suite executives regarding impact on operations.

• Assists CFO in reporting to the Fiscal/Executive Committee of the Board of Directors

• Develops rate proposals and files appeals to secure funding for new and existing services, ensuring financial viability of the programs and the corporation.

• Provides input into the development of the corporate Strategic Plan and ensures implementation of specific objectives to achieve corporate KPIs.

• Develops and maintains key relationships with appropriate state and local officials to maintain knowledge of revisions in state policies and procedures and implementation of regulations in order to identify and secure funding opportunities.

• Leads staff recruitment, selection, hiring, retention and professional development for billing and accounts receivable services.

EDUCATIONAL REQUIREMENTS FOR POSITION 

• Master’s Degree in accounting or business management with five years of progressively responsible leadership experience in not-for-profit accounting and financial management in a similar industry or field, or

• Bachelor's degree in accounting or business management with 8 years progressively responsible leadership experience in not-for-profit accounting and financial management in a similar industry or field. 

PREREQUISITES FOR THE JOB

• Expert knowledge in medical billing procedures, coding, regulations for Medicaid/Medicare and other third-party insurance coverage.

• Demonstrated knowledge of state and federal funding sources and regulations.

• Knowledge of NYS Office of Mental Health, Office of People with Developmental Disabilities, Office of Children and Family Services and State Department of Health funding and regulations related to mental health treatment, residential, rehabilitation and child welfare services.

• Knowledge of not-for-profit accounting and financial management to support business operations, forecasting and budget reviews according to generally accepted accounting principles and procedures. Demonstrated ability to apply concepts of algebra, statistics, and economics to provide practical solutions.

• Ability to analyze and interpret general business periodicals, technical procedures, government regulations and complex documents to guide organizational business decisions.

• Ability to develop, implement and enforce policies and procedures of the corporation that will improve overall operation and effectiveness.

• Proven written, oral and presentation skills.

• Superior computer literacy including sophisticated knowledge of financial software and networking applications.

• Demonstrated ability to recruit, train, promote and motivate personnel in order to establish staffing with profitability and growth.

• Ability to ensure attention to multiple priorities and projects while maintaining focus and depth in key areas

What We Offer:

• Comprehensive medical (82% employer funded), dental, and vision (free with dental) coverage.

• 403(b) retirement with up to 4% matching contributions, after two years 100% vested

• Tuition Reimbursement after 3-months

• Employee discount program

• Career growth opportunities in a growing NFP

Salary : $100,000 - $120,000