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CFS · 4 hours ago

Chief Financial Officer

Chicago, IL

Full-time

Onsite

Lead/Staff, Director/Executive

$175K/yr - $250K/yr

5+ years exp

CFS is a rapidly growing FQHC healthcare organization looking for a Chief Financial Officer to join their team. The CFO will oversee financial activities, prepare financial reports, and manage the accounting department while ensuring compliance with regulations and internal controls.

Human ResourcesStaffing Agency

Growth Opportunities

Hiring Manager

Dominic Gold

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 the 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

Qualification

Healthcare accountingFinancial leadershipFQHC experienceGAAP complianceAnalytical skillsBudget preparationRegulatory reportingSupervisory skillsCommunication skillsAttention to detailCollaboration skills

Required

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