Chief Financial Officer

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Full Time Senior Management Rural Central Office, Centreville, AL, US

6 days ago Requisition

CHIEF FINANCIAL OFFICER

Last Updated on June 14, 2024

Reports to the Deputy Chief Executive Officer

Cahaba Medical Care Foundation is a Federally Qualified Health Center with 25 sites spread across seven counties providing medical, pharmacy, dental, and behavioral health services to diverse underserved communities in Alabama. This is an exciting, fast-paced organization with a strong mission and commitment to providing high quality care.

CMCF is in need of a CFO to support the Deputy CEO, CEO, and Board of Directors by developing and implementing financial strategies that support the organization’s mission and goals. The CFO guides, analyzes, and reports the current financial health of this Federally Qualified Health Center, creates tools to guide financial and operating decisions, and implements strategies that will ensure enduring sustainability, growth, and progress.

The CFO leads a department of approximately 30 staff, overseeing all accounting, financial reporting, cash management, budgeting, forecasting, financial analysis, and financial compliance requirements.

• Develop and implement financial strategies that support the organization’s mission and goals
• Oversee all accounts, ledgers, and reporting systems, ensuring compliance with Generally Accepted Accounting Principles
• Ensure the accuracy and completeness of financial records, including the general ledger, accounts payable, accounts receivable, payroll, and other financial systems
• Coordinate audit activities, supplying accurate information and transparent answers to inquiries
• Develop and maintain a reliable cash flow projection process and reporting mechanism that includes minimum cash thresholds to meet operating needs
• Optimize banking relationships and initiate appropriate strategies to enhance cash positions
• Manage and track grant activity in keeping with the policies and guidelines mandated by the granting organizations, including developing grant budgets, monitoring spending, reconciling balances, submitting progress reports, and supporting audits of grant activity
• Ensure sound revenue cycle management practices that maximize cash flow while complying fully with billing rules, laws, and regulations
• Prepare and present financial reports and performance metrics to the Principals, providing analyses and recommendations as needed
• Cooperate with Human Resources in preparing and delivering an accurate and timely payroll process
• Implement spending controls that are consistent with the organization’s budgets and goals, including a robust, company-issued, employee credit card program
• Review contracts for financial implications, making recommendations for counter-proposals when appropriate
• Represent the organization at internal and external events and meetings, providing financial information, guidance, and support as needed, including conducting training sessions when called upon

• Develop and maintain financial forecasting models that emphasize cash flow management and that support long-term financial planning and decision-making
• Analyze financial data, forecast future trends, and provide insights to support informed decision-making
• Develop and oversee the annual budgeting process, aligning with the Deputy CEO and CEO on overall objectives for the budget period and working closely with department managers and other stakeholders to develop realistic and achievable budgets
• Monitor actual performance against budgets and provide regular updates and analyses to the Deputy CEO, CEO and Board of Directors
• Develop business cases and profitability models to predict future performance, assess alternative strategies, allow for what-if scenarios, and ultimately guide cash allocations

• Work closely with the Deputy CEO, CEO, and senior leaders to develop and implement…