Chief Financial Officer

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About The Company

Our client is a rapidly growing FQHC healthcare organization who are looking to add a Chief Financial Officer to their team. The organization has enjoyed incredible success in the last few years and are seeking a candidate with a similar senior level financial background within an FQHC to join their team as they continue their expansion.

Reasons To Work Here

• High exposure role

• High growth organization
• $10k tuition reimbursement

• Close at 2pm on Fridays

• Strong medical / dental / vision – Blue Cross, Blue Shield

• 401k

• FSA and HSA

• Loan forgiveness program

• Life insurance

Duties And Responsibilities

• Prepares the annual budget; generates, analyzes, and presents monthly financial statements, cash flow statements, and ongoing financial analysis to the Finance committee of the Board of Directors.

• Develops a clear financial plan that is consistent with the organization’s strategic goals, and initiatives.

• Oversees the organization’s financial accounting systems and functions maintaining strong internal controls – resulting in a clean annual audit, in full compliance with generally accepted accounting principles (GAAP).

• Annually reviews funder regulations including City and County of Chicago, Illinois Department of Public Health, HRSA, and CDC, as well as all other applicable federal regulations.

• Updates and revises internal control policies and procedures as needed to be in compliance with funder requirements.

• Creates financial policies and procedures that are aligned with GAAP and federal requirements for monitoring of FQHC revenue and expenditure.

• Effectively manages agency line of credit.

• Prepares necessary regulatory cost reporting and stays current with rules, regulations, and reporting requirements for federal, state, and grant funders.

• In the absence of the CEO, assumes administrative responsibility for all financial matters.

• Annually reviews and recommends changes to the fee schedule to the CEO, CMO, and Board of Directors.

• Coordinates standards and integrates financial performance measures for clinic operations.

• Creates a financial tracking system, coordinated with our EHR and billing systems, to properly track patient revenue.

• Direct the finance systems – accounting, payroll, account payable, accounts receivable, and patient financial services monitoring expenditures.

• Supervise the preparation and posting of entries to the general ledger, accounts payable ledger, accounts receivable ledger and payroll.

• Supervise billing and collections function for all services rendered to patients.

• Examine entries posted in ledgers and journals for accuracy and compliance with established accounting procedures and policies.

• Responsible for fixed assets management: maintaining the fixed asset system and depreciation calculations.

• Responsible for following cash management activities: monitor cash flow on a continual basis, prepare bank reconciliations, audit cash receipts, and audit accounts receivable.

• Responsible for grant fund administration.

• Prepare the operational financial and management reports on a monthly, quarterly, and annual basis.

• Prepare current and comparative analysis reports and statements reflecting variations in costs and revenues.

• Prepare financial, regulatory, cost reimbursement, and special reports as required by government agencies and private third-party agencies.

• Ability to analyze and interpret government regulations specific to the health care industry.

• Knowledge of governmental cost principles, budgetary and reporting requirements, and auditing standards. Specific knowledge of not-for- profit accounting principles.

Qualifications

• Three years or more of health care accounting experience with a Federally Qualified Health Center is required.

• Bachelor’s degree in finance or equivalent experience.

• At minimum five years of experience in a financial leadership position in a public/private/nonprofit environment and experience as a member of senior management teams with excellent supervisory and coaching skills, and strong, facilitative leadership skills.

• Demonstrated financial leadership experience in a FQHC setting with strong analytical skills and experience working with and presenting to the Board of Directors.

• High personal and professional integrity.

• Experience and ability to work independently, as well as with and across all levels of management and line staff, and to influence and collaborate in a diverse and cross‑functional workplace.

• Excellent attention to details, ability to communicate effectively and manage multiple deadlines and priorities.

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