Greater Lawrence Family Health Center · 2 months ago
SVP & CHIEF FINANCIAL OFFICER
Methuen, MA
Full-time
Onsite
Director/Executive
7+ years expGreater Lawrence Family Health Center is seeking a SVP and Chief Financial Officer to lead and manage the financial functions of the organization. The role involves strategic financial planning, overseeing financial management, and ensuring compliance with financial regulations while leading the finance team.
Health CareHospitalMedical
Responsibilities
Participates in long-term strategic and financial planning initiatives as a member of the Senior Management team. Ensures timely and accurate communication between all areas of responsibility and other Center staff. Leads the financial component of strategic planning
Coordinates the timing, preparation and presentation of the annual operating, capital, program and cash flow budgets. Monitors and controls expenditures and analyzes/identifies variances
Staffs Finance Committee, attends Board meetings and external meetings to present financial information and to respond to related inquiries and requests. Attends other board committees as requested by the CEO
Advises the Chief Executive Officer of issues or inconsistencies in center wide policies and suggests corrective actions
Assists with the research and decision making process related to capital equipment purchases
Assists the Chief Executive Officer and administrative team in developing and recommending plans, policies and strategies for the Health Center
Assists in the review of new and/or existing fringe benefits for the Center. Quantifies the financial impact during the decision making process
Maintains knowledge of current trends and developments in the field to enhance professional expertise by attending conferences, seminars, etc
Ensures the development and establishment of financial plans, systems and controls for the Center to ensure financial stability and viability of the organization
Ensures adequacy and soundness of the Center's financial structure and participates in negotiations for any outside financing that may be required
Oversees all general accounting functions, including financial reporting, payroll, accounts payable, accounts receivable, etc. Implements' systems improvements and audit recommendations
Maintains and updates as necessary appropriate financial systems, ledgers, policies and procedures. Directs the preparation of all financial reports and statements in support of financial planning and analysis activities
Ensures that grant related financial reporting requirements are met
Ensures timely processing of contract vouchers and third party billings
Ensures that all financial systems are monitored, evaluated and improved as feasible, according to Center policies
Oversees preparation and filing of local, state and federal reports / tax forms including other statistical reports
Serves as the financial representative of the Center with outside agencies. (e.g., audit firm, banks, Dept. of Revenue, IRS, City of Lawrence, and State and Federal government)
Ensures that all financial reports and backup data are filed and secured for as long as required by law
Completes periodic cash flow forecasts. Forecast business trends and related expenses and revenues; provides lead time for operational changes necessary based on forecasts
Oversees all patient accounting and reimbursement functions, including representation of the Health Center with third party payers, etc
Implements systems to assure that the organization captures all of the revenue it has earned for services provided
Ensures that fee collection policies are updated and compliant to all state and federal regulations and disseminated to staff as required
Ensures that patient referral policies and procedures are updated and applied appropriately
Oversee the timely and accurate billing and reimbursement functions to ensure prompt payment of accounts and optimal reimbursement
Leads and supervise directly and indirectly, through subordinate supervisors, all Financial and Patient Accounts
Oversees selection, training and development of Financial and Patient Accounts Reviews work performance and initiates corrective action of all direct reports
Assists supervisory staff reviewing staffing needs, job descriptions and performance appraisals
Reviews and approves departmental operating policies and procedures recommended by managers and supervisors, ensuring their consistency with overall Center policies
Provide leadership for employees to experience training opportunities related to quality improvement
Integrate department/workgroup improvement initiatives with GLFHC system-wide projects and strategic aims
Travel between sites will be required
Qualification
Required
Minimum of 7 to 10 years of progressively responsible related experience
Bachelors degree in Accounting or related field
Company
Greater Lawrence Family Health Center
Greater Lawrence Family Health Center is a provider of healthcare services.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
$0.05MKey Investors
MassDevelopment
2022-05-03Grant· $0.05M
Leadership Team
Patrick Grotton
Senior Vice President and Chief Information Officer
Susan E. Kinney
Senior Vice President and CAO
Recent News
Boston Business Journal
2025-02-19
Health Care News
2025-02-19
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