Chief Financial Officer

Description

Dakota Eye Institute is a group of professionals dedicated to providing an unprecedented level of care and responsive service to our patients.  We are committed to providing our staff with an excellent work environment, opportunities for self-development and growth, and recognition for hard work and commitment to Dakota Eye Institute. 

We are seeking an experienced and strategic Chief Financial Officer to provide financial leadership to our practice and its affiliated business entities. This position has oversight of all practice accounting and revenue cycle management processes and the development of, and adherence to, the practice’s annual budget.

Job Responsibilities

• Oversees the development, implementation of, and compliance with financial policies, procedures, and internal controls.

• Oversees the preparation of monthly financial reports including production statistics, income statements, balance sheets, and compensation reports. Completes studies and compiles financial and production data as needed to support decision making by management and the Board of Directors.

• Administers the physician compensation model and owner distribution formula.

• Coordinates with the outside accounting and legal counsel to validate accurate reporting, monitor tax impact, and ensure compliance with state and federal reporting requirements and tax liabilities.

• Analyzes trends, variances, key performance indicators, statistics, ratios, and other financial data in order to identify potential problems and to provide the earliest possible insight as to potential changes in the company’s financial condition.

• Monitors the revenue cycle to ensure that all services are billed and collected in a timely manner, in order to maintain a stable, constant cash flow.

• Assists in setting fees for procedures.

• Coordinates payer contract negotiations with third party consultants or negotiates directly with payers.

• Prepares or directs preparation of recurring and special financial reports and statistical analyses which reflects the status of the practice’s accounts receivable. Reviews and interprets prepared reports and analyses and regularly presents trends, movements, and status to the Board of Directors.

• Maintains current knowledge of applicable laws and changes in reimbursement that affect the practice. Interprets and applies third party billing rules in order to 1) maintain compliance with third-party payers, including Medicare; and 2) to ensure optimal reimbursement.

• Prepares the annual operating budget and capital budget for review and approval by the Board of Directors.

• Prepares monthly discussion and analysis of financial statements, incorporating budget variances, key trends, statistics, etc. and regularly presents to the Board of Directors.

• Prepares business plans for new programs, services, and equipment.  Monitors the implementation of new programs, services, and equipment, evaluates the results of implementation, and reports the results to management and the Board of Directors.

• Monitors expenditures and reports budget variances to management and to the Board of Directors and recommends budgetary adjustments as needed.

• Oversees management personnel with direct responsibilities for the specific functional areas of the practice. Ensures effective supervision and training of practice staff, encourages optimal performance, and maintains compliance with operating procedures and government regulations. 

• Actively participates on the Board and Manager Committees.

• Serves as OSHA compliance person and reports at Compliance Committee meetings

• Reviews applicable company/department benchmarks and updates as necessary.

• Maintains confidentiality of sensitive and privileged information

Education and Experience

• Bachelors Degree in Finance or Accounting or a Masters Degree in Business or related field is required

• Certified Public Accountant (CPA) designation is required

• A minimum of five years experience in healthcare financial management, with at least three years experience in an organization with multiple physician employees is strongly desired. Alternatively, proven experience as a CFO or in a similar senior financial leadership role will be considered. 

Skills and Abilities

• Strong oral and written communication skills

• Strong presentation skills

• Expertise with standard accounting principles

• Budgetary experience

• Demonstrates computer literacy and high function skills with a variety of accounting software.

• Excellent financial analytical skills

• Attentive to detail and accuracy

Physical Requirements

• Talking. This position requires expressing or exchanging ideas through the spoken word. Ability to participate in activities to accurately and succinctly convey detailed or important verbal instructions to providers, staff, and vendors.

• Hearing. This position requires the CFO to perceive the nature of sounds at normal speaking levels with or without correction, including the ability to receive detailed information through oral communication and make the discriminations in sound.

• Repetitive motion. This position requires substantial movements (motions) of the wrists, hands, and fingers while working on the computer reports.

• Sedentary work. This position may need to occasionally exert up to 10 pounds of force to lift, carry, push, pull, or otherwise move objects. The job consists primarily of sedentary work and involves sitting most of the time. Walking and standing are required occasionally.

• Visual Requirements. This position requires close visual acuity (with or without correction) to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; and extensive reading.

• Environmental Conditions. This position is not substantially exposed to adverse environmental conditions (such as in typical office work).

Benefits 

• Competitive Compensation 

• 401(k) with a generous employer contribution

• Health and Dental Insurance with employer premium contribution

• H.S.A. with an employer contribution

• Vision Benefits 

• Long Term Disability Insurance - Employer Paid 

• Paid Holidays

• Paid Time Away 

• Continuing Education and Memberships Benefits 

• Employee Wellness Benefits 

• And more!

Schedule

• Monday to Friday

To apply for this opportunity, visit http://www.dakotaeye.com/about/job-openings and complete the job application on our website.