BMS FAMILY HEALTH AND WELLNESS CENTERS · 12 hours ago
Chief Financial Officer
Brooklyn, NY
Full-time
Onsite
Director/Executive
$300K/yr - $350K/yr
15+ years expBMS Family Health & Wellness Centers is a mission-driven Federally Qualified Health Center serving the Brownsville and East New York communities of Brooklyn. The Chief Financial Officer will provide strategic financial leadership, oversee financial operations, and support organizational transformation to enhance financial sustainability and operational excellence.
Hospitals and Health Care
Responsibilities
Provide forward-thinking financial leadership aligned with BMS's mission, values, and long-term strategic goals
Partner with the CEO and CMO to develop and execute financial strategies that support organizational transformation and growth
Lead financial forecasting, scenario modeling, and data-driven decision-making to ensure sustainable operations
Present comprehensive financial updates and recommendations to the Board of Directors and Executive Leadership Team
Develop departmental profit and loss (P&L) statements to support accountability and performance management
Oversee all accounting and financial operations, ensuring compliance with GAAP, federal cost principles, HRSA guidelines, and FQHC requirements
Direct the preparation and distribution of monthly, quarterly, and annual financial statements and executive-level reports (cash on hand by days, payer mix, average cost per visit, accounts payable by days, P4P revenue, etc.)
Ensure timely completion of annual Medicaid cost reports, UDS reporting, single audits, accounts receivable analysis, annual write-offs, and other regulatory submissions
Establish and maintain robust internal controls and risk management processes
Ensure transparency and ethical governance in all financial practices
Lead comprehensive revenue cycle management to optimize collections and reimbursement
Oversee business office operations, including patient registration, billing, collections, and reimbursement from Medicaid, Medicare, managed care, and other payers
Direct grant and contract development, budget management, and financial compliance reporting
Prepare accurate and timely financial reports for all grants, contracts, and funding sources
Support development of new funding opportunities through sound financial planning and budget development
Collaboration with BMS subsidiary BCD on financial matters as needed
Monitor cash flow and maintain optimal cash reserves to support operations
Manage banking relationships and perform regular reconciliations of bank accounts and cash receipts
Analyze revenue and expenditure trends to identify opportunities and risks
Implement sustainable investment strategies to support organizational growth
Supervise and develop fiscal department staff, including Billing and Credentialing Director, Controller, Senior Accountant, Grants Manager, and Executive Assistant
Lead hiring, training, performance management, and workflow improvement initiatives
Invest in developing team members' skills and creating pathways for professional growth
Make tough decisions when necessary while maintaining team morale and trust
Foster a collaborative, solution-driven culture within the finance department
Evaluate and implement technology solutions to improve operational efficiency, data integrity, and financial reporting capabilities
Streamline financial processes and workflows to support the 'One BMS' integrated care model
Create systems and dashboards that provide real-time financial insights to support decision-making
Qualification
Required
CPA certification (fundamental requirement) – essential given supervisory responsibilities over other CPAs and the complexity of FQHC financial management
Bachelor's degree in Accounting, Finance, or Business Administration
Minimum 15 years of progressive financial leadership experience
Strong preference for experience in FQHCs, community health centers, or nonprofit healthcare organizations
Experience with HRSA guidelines, federal grants (330, SAMHSA, etc.), and community health protocols specific to New York State
Proven track record managing complex budgets, multiple funding streams, and diverse reimbursement systems
Deep understanding of value-based care, healthcare compliance, Medicaid/Medicare reimbursement, and federal funding mechanisms
Demonstrated success in financial turnaround or organizational transformation
Experience with UDS reporting, PPS/DSRIP programs, and managed care contracting
Preferred
Master's degree (MBA, MHA, MPA, or similar)
GAP (Generally Accepted Accounting Principles for Healthcare) experience
Experience working in Brooklyn or other urban, underserved communities
Familiarity with most electronic health record systems and their financial modules
Background in implementing performance-based financial management systems
Benefits
Comprehensive benefits package
Opportunity to make meaningful impact in one of Brooklyn's most underserved communities
Company
BMS FAMILY HEALTH AND WELLNESS CENTERS
BROWNSVILLE MULTI-SERVICE FAMILY HEALTH CENTER is a hospital & health care company based out of 592 ROCKAWAY AVE, Brooklyn, New York, United States.
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase