Assistant Chief Financial Officer

Description

The Assistant CFO supports the Chief Financial Officer in leading the delivery of ethical, strategic, sustainable, and mission-centered operations and business development for the health center and its stakeholders. The Assistant CFO:

• Assists in establishing organizational standards, policies, and procedures and assures compliance for finance, accounting, regulatory, and reimbursement operations;
• Supports the management and protection of the health center’s assets;
• Contributes to the timely and accurate reports/statements, decision-support, information, and advice to the CEO and other management team members; and
• Leads with personal integrity, respect for individuals, commitment to excellence, and active engagement in the health center movement on local, state, and national levels.

Business Skills and Knowledge:

The ability to apply business principles, including systems thinking, to the healthcare environment. Relevant domains for the health center Assistant CFO include:

• Accounting & Finance Operations: Assisting in assessing, evaluating, and implementing management accounting and performance management systems for planning, measuring, controlling, monitoring, forecasting, and reporting the financial performance of the health center. Assuring that all financial, accounting, and administrative policies, functions, systems, and processes are performed consistent with all Generally Accepted Accounting Principles (GAAP) as well as within the highest professional, ethical, and legal standards.
• Grants Management: Supporting the financial tasks required for grant applications and management of grant funds while ensuring financial compliance with all applicable requirements.
• Revenue Cycle & Reimbursement: Applying knowledge of traditional and alternative reimbursement models, key performance indicators, and policies and procedures to assure optimal decision-making and compliance with all applicable requirements, regulations, and laws.
• Strategic Planning & Marketing: Assisting in strategically assessing and evaluating courses of action and identifying imaginative opportunities to improve performance and position, implementing innovative and cost-effective solutions leading to effective change management and business process improvement.
• Risk Management: Supporting the design and implementation of policies and systematic internal audit and control processes to assess, manage, and mitigate threats to the health center’s financial and business viability.

Responsibilities

• Assists in developing and executing short and medium-range financial goals and strategies aligned with the organization business objectives
• Supports the oversight of the preparation of all financial reports to inform long-range planning, including reports to the Board of Directors, government regulatory agencies, and funders
• In collaboration with the COO and CFO, ensures the revenue cycle management process, from registration through claims submission and payment collection is as efficient at possible.
• This includes evaluating Medi-Cal and Medicare capitation rates and other managed care plan billings, and enrollment with commercial insurance providers, as required
• Assists in developing, implementing, monitoring, and evaluating annual budget and individual grants
• Supports the development and maintenance of internal reporting system on all financial operations and activities to include variance analysis for revenue and expense, scenario planning and forecasting
• Works with the Grants Coordinator and CFO to oversee preparation of special-purpose budgets for government contracts and private donors that meets donor constraints while fulfilling agency fundraising needs
• Assists in overseeing internal audit function and coordinates annual independent audit
• Supports the cultivation and maintenance of strategic external relationships [including, but not limited to federal/Health Resources and Services Administration (HRSA), state and local regulatory agencies; Primary Care Associations (PCAs); National Professional Organizations; Chambers of Commerce; Vendors; Grantors/Funders/ Bankers/ Lenders; Auditors; Insurance (Liability, Health, etc.) and others as needed].
• Supports the organization's financial risk management function and PPS reconciliation processes
• Assists with all financial accounting and reporting, procedures and internal controls of the department
• Assists in the overall supervision of Payroll, Purchasing, Accounts Receivable, Accounts Payable, MIS and General Accounting functions of the Finance Department.
• Assists in the recruitment, supervision, training, and evaluation of the Finance Department staff which also includes the billing department.
• Supports the center