Director of Finance

Job Title: Director of Finance – Southern Oregon Cardiology

About the company:

Southern Oregon Cardiology is a specialized medical practice focused on providing comprehensive cardiovascular care to patients in the Southern Oregon region. We have three clinic sites including Medford, Grants Pass and Brookings. The team consists of 19 experienced cardiologists and 80 healthcare professionals dedicated to delivering high-quality care tailored to the unique needs of each patient. We utilize advanced technology and evidence-based practices to ensure effective diagnosis and treatment of various cardiovascular issues.

In addition to clinical care, Southern Oregon Cardiology emphasizes “love is at the heart of the practice: care for each other, our staff, our patients, and the communities we serve.” The practice aims to foster a supportive and compassionate environment, ensuring that patients feel informed and empowered in their healthcare journey.

Our entire clinic is passionate about our work and each employee strengthens the integrity, collegiality and quality of our practice.

Location: Medford, Grants Pass Area

Reports To: Chief Executive Officer (CEO)

Job Summary: We are seeking an experienced, detail-oriented, and proactive Director of Finance to oversee the financial management of our cardiology practice. The Director of Finance will be responsible for managing all financial operations, ensuring financial stability, and driving 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 the development of 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 financial health and the ability to meet obligations in a timely manner.
• 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 benefit 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 benefit 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.

Payroll Administration:

• Ensure timely and accurate payroll processing, including oversight of employee pay, deductions, and taxes.
• Manage payroll tax reporting and ensure timely filing of all relevant payroll taxes and forms.
• Collaborate with HR and practice management to ensure payroll reflects all employee changes, including new hires, terminations, promotions, and salary adjustments.

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 CEO or Cardiologists
• Assist owners in understanding of financial reports
• Process timely reports with accurate and relevant information
• Answer pertinent correspondence and verbal requests in a timely fashion
• Oversee credentialing and medical licensing
• Process continuing education reimbursement

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 accuracy of balance sheets. Identifies discrepancies and makes necessary adjustments

Professional Partners

• Works closely with accountant in preparing depreciation schedule and taxes.
• Works closely with Insurance Broker insuring accuracy of records
• Works closely with Retirement Specialists. Maintains records for retirement funds
• Works with vendors as needed to insure correct and accurate billing.

Leadership & Team Management:

• Lead and mentor practice leaders, ensuring they have the resources, training, and support needed to perform at their highest potential.
• Collaborate with cross-functional teams including HR, IT, Clinical and Operations to drive overall organizational performance.

Qualifications:

• Bachelor’s degree in Finance, 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 function.
• Strong knowledge of healthcare financial regulations and reimbursement processes, particularly in cardiology or 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 both 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

Compensation & Benefits:

• This position earns a competitive annual salary of $85,000-$115,000, depending on experience
• We provide comprehensive benefits, including health, dental, vision, disability and life insurance programs; paid time off; paid holidays; 401(k) plan; employee assistance program; and direct deposit

Job Type: Full-time

Pay: $85,000.00 - $115,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Disability insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Schedule:

• 10 hour shift
• 8 hour shift

Education:

• Bachelor's (Preferred)

Experience:

• Finance: 3 years (Preferred)

Ability to Commute:

• Medford, OR 97504 (Preferred)

Ability to Relocate:

• Medford, OR 97504: Relocate before starting work (Preferred)

Work Location: In person

Salary : $85,000 - $115,000