What are the responsibilities and job description for the Chief Financial Officer position at Marin City Health and Wellness Center?
Summary:
The Chief Financial Officer (CFO) will oversee all fiscal operations of Marin City Health and Wellness Center (MCHWC) to realize MCHWC’s mission of innovative wraparound health services and African American health equity, and will align Accounting/Finance departmental goals with MCHWC strategic goals. The CFO is responsible for financial strategy, financial planning and analysis, financial reports, company audits, and bank relationships. As a member of MCHWC key management team, the CFO will collaborate to make decisions regarding MCHWC’s financial strategy and operations. The CFO is responsible for directing the fiscal functions of the corporation in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board, the Securities and Exchange Commission, and other regulatory and advisory organizations and in accordance with financial management techniques and practices appropriate within the Community Health Center industry/FQHC.
Essential Duties and Responsibilities:
- Plan, develop, organize, implement, direct and evaluate the MCHWC’s fiscal function and performance.
- Create and present financial strategy recommendations to CEO, including evaluation and advisement on the impact of long range planning, introduction of new programs/strategies and regulatory action
- Provide timely and accurate analysis of budgets, financial reports and financial trends in order to assist the CEO, Board of Directors, and key management in performing their responsibilities
- Enhance and/or develop, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of MCHWC
- Provide financial management of MCHWC
- Oversee all phases of revenue cycle management, including managing day-to-day accounting and finance processes
- Oversee cash flow, cash management, working capital, resource allocation
- Oversee Clinic audits
- Prepare all financial statements, financial reports to HRSA, and cost settlement reports
- Manage third party payer contracts
- Be an advisor from the financial perspective on any contracts into which MCHWC may enter
- Provide financial planning and analysis efforts in collaboration with key management team
- Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs
- Ensure legal compliance on all financial functions
- Evaluate the finance division structure and team plan for continual improvement of the efficiency and effectiveness of the group as well as provide individuals with professional and personal growth with emphasis on opportunities (where possible) of individuals
Supervisory Responsibility:
This position is responsible for the direct supervision of the all employees in the accounting and finance department.
Qualification Requirements:
Education and/or Experience:
- Bachelor’s degree required or 7 to 10 years of related experience and/or training; or equivalent combination of education and experience.
- CPA or MBA preferred but not required
- Strong finance-based analytical skills
- Experience with FQHC operations
- Understanding of FQHC billing procedures
- Understanding of medical coding and billing
Competencies:
- Financial Management
- Business Acumen
- Communication Proficiency
- Ethical Conduct
- Leadership
- Performance Management
- Personal Effectiveness/Credibility
- Problem Solving/Analysis
- Strategic Thinking
- Technical Capacity
Equipment/Machinery: Fax machine, copier, personal computer, telephone, calculator, Microsoft Word/Excel, EHR system and other software as required.
PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an individual to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. This is largely a sedentary role. Stand and walk or sit alternatively depending on specific needs of day. Estimate 90% of time is spent sitting at desk and 10% on feet.
2. Have occasional need to perform the following physical activities: bend/stoop/squat, climb stairs, push or pull, reach above shoulders.
3. Have occasional need to perform standing and walking activities.
4. Constant need to perform the following physical activities: writing/typing, grasping/turning, finger dexterity.
5. Some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand as necessary. Lifting/carrying over 10 pounds occasionally. Lifting/carrying less than 10 pounds frequently.
6. Vision requirements: constant need to complete forms, read reports, view computer screen. Frequent need to see small detail. Infrequent need to see things clearly beyond arm's reach.
7. Hearing requirements: constant need to communicate over telephone and in person.
TRAVEL REQUIREMENTS: Initially, will require extensive travel out of area to work with current (outsourced) finance team. Ongoing, must be willing to travel locally between Clinic locations as needed. Ongoing, may be an occasional need to travel for training or events.
Work Environment:
The noise level in the work environment is usually moderate.