What are the responsibilities and job description for the Chief Financial Officer position at Urology San Antonio?
JOB SUMMARY
The Chief Financial Officer (CFO) is an executive-level position responsible for directing the organization's financial strategy, planning, and accounting functions. The CFO leads financial operations, ensuring the efficient management of the company's financial health, including oversight of budgeting, forecasting, financial reporting, and risk management. The CFO also plays a key role in managing relationships with lending institutions, investors, and other financial stakeholders, ensuring that the company maintains strong financial partnerships and access to capital. Additionally, the CFO contributes to strategic decision-making by providing financial insights that support organizational growth and long-term sustainability. This role is pivotal in safeguarding the financial integrity of the company, driving profitability, and ensuring compliance with regulatory standards.
DUTIES AND ESSENTIAL JOB FUNCTIONS
- Executes and Oversees Financial Strategy
o Lead the development and execution of the company's financial strategy in alignment with organizational goals.
o Identify and implement strategies for sustainable growth, maximizing profitability, and managing costs.
o Identify and implement strategies to optimize end-to-end revenue cycle processes
o Lead the development and execution of the payer contracting function to improve the reimbursement for the organization
o Evaluate investment opportunities and lead / manage mergers, acquisitions, and divestitures.
o Assist the Chief Executive Officer (CEO) in formulating and refining the company's long-term financial plan.
o Oversee all accounting functions, ensuring adherence to financial reporting standards and regulatory compliance.
o Contribute to the development of the company's overall strategic plan, ensuring financial considerations are integrated into the business objectives.
o Direct and coordinate annual budgeting processes, financial forecasting, and long-term financial planning activities.
o Prepare regular financial reports to the Board of Directors, senior management, and other stakeholders, detailing the organization's financial position, liquidity, profitability, and growth.
o Establish and enforce financial policies, procedures, and internal controls to ensure accuracy, compliance, and risk mitigation.
o Maintain and monitor internal controls to safeguard company assets and ensure compliance with Generally Accepted Accounting Principles (GAAP) and other relevant regulations.
o Coordinate with External Auditors and Accounting Firms
o Work with external auditors and accounting firms to prepare, review, and present financial statements and reports to the Board of Directors.
o Identify financial risks and implement strategies to mitigate potential threats to the company's financial health and stability.
o Oversee treasury functions, ensuring effective cash flow management and working capital optimization to meet operational and strategic needs.
o Lead and mentor the finance team, fostering a high-performance culture and ensuring continuous professional development.
Other functions and Responsibilities
This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
COMPETENCIES
1. Patient & Customer Focus
2. Ethical Conduct
3. Flexibility
4. Initiative
5. Personal Effectiveness / Credibility
6. Stress Management / Composure
QUALIFICATIONS
Education :
Licenses and Certifications :
Experience :
Knowledge :
o Comprehensive understanding of financial management principles, including financial planning, analysis, budgeting, and forecasting, with the ability to direct professional staff and coordinate all fiscal activities across the organization.
o In-depth knowledge of clinic financial and budgetary practices, with a focus on developing annual budgets, analyzing financial performance, and preparing financial statements tailored to healthcare operations.
o Strong understanding of governmental regulations, healthcare financial regulations, and compliance standards (e.g., HIPAA, CMS, GAAP, etc.), including reporting and auditing requirements specific to healthcare organizations.
o Advanced proficiency with Microsoft Office Suite (Excel, PowerPoint, Word) and experience with commercially available accounting software (e.g., QuickBooks, NetSuite, or similar financial management tools).
Skills :
o Ability to exercise initiative, sound judgment, and discretion in achieving organizational objectives and managing complex financial operations.
o Demonstrated ability to lead, mentor, and develop financial and accounting staff, as well as build strong working relationships with physicians, management, and other stakeholders.
o Excellent ability to communicate complex financial information in clear, actionable terms to non-financial stakeholders, including senior executives and board members.
o Ability to anticipate organizational resource needs, optimize resource allocation, and drive operational efficiencies across the finance department and wider organization.
o Skill in developing and executing long-term financial strategies that align with the company's overall goals, while ensuring financial stability and growth.
o Ability to delegate effectively, empowering staff to take ownership of tasks while ensuring the integrity and accuracy of financial operations.
