The Director of Finance directs the financial affairs of the organization and prepares financial analyses of operations, including interim and final financial statements with supporting schedules, for the guidance of management. The Director of Finance is responsible for the company's financial plans and policies, its accounting practices, the conduct of its relationships with lending institutions, funders’ and the financial community, the maintenance of its fiscal records, and the timely preparation of financial reports. The position involves supervision over general accounting, billing and collections, internal auditing, cost/fund accounting, budgetary controls and cash management. Is a member of the Executive Management Team. Essential duties and responsibilities include:
Promote the mission, goals, and philosophy of the organization
Develop and implement policies and procedures for financial operations in accordance with generally accepted Accounting Principles
Oversee all fiscal and management information system operations and ensure adherence to proper internal accounting procedures
Direct preparation of financial reports required by the Local, State and Federal Government or as defined by the CEO
Participate in long-term strategic and financial planning initiatives. Assist the CEO, COO and other Directors and Managers in preparing annual operating, capital, site and program budgets.
Develop and implement mechanisms for monitoring and controlling expenditures and to identify and analyze variances.
Supervise the administration and monitoring of specific grant accounts and fund raising proposal fiscal requirements. This includes the coordination of specific program budgets and projects with the vouchering, reimbursement reporting requirements of funding sources.
Work with the Executive Management Team and program management staff in developing and implementing new programs to analyze opportunity costs and to establish appropriate fiscal controls to assure program integration and viability
Manage cash flow including periodic forecasting, and monitoring of receipts and disbursements
Oversee all patient accounting and reimbursement functions, including representation of the Health Center with third-party payers, etc. Direct and monitor the activity of the Reimbursement Manager to assure that collection practices are expeditious and accurate.
Ensure that Billing Department policies and procedures are operationally effective to enhance accounts receivable and receive maximum reimbursement for services rendered.
Direct and supervise purchasing. Negotiates with vendors
Assure that managed care contracts, utilization management, claims adjudication, reporting, are in compliance with Managed Care Organization requirements.
Collaborate with Human Resources department to administer the insurance programs
Oversee corporate insurance programs (property, casualty, liability, malpractice) and participates in risk management activities associated with potential and actual loss or liability claims
Attend Board and Finance Committee meetings and external meetings to present and interpret financial information and to respond to related inquiries and requests
Active in attending and participating in IPHCA/NACHC meetings and conferences
Responsible for corporate compliance requirements related to Finance
Perform all other related duties as assigned
Master’s in Business Administration (MBA) or Master’s in Public Administration (MPA)
Bachelor’s degree in accounting and/or Finance or related field of study.
Certification (CPA or other related professional designation) is highly desirable.
Minimum of five years directly related experience at the management level, preferably in an FQHC or other health care environment.
Knowledge of financial accounting, payroll and patient billing software as well as MS Office applications; budget development and cash flow forecasting; fund management and costing techniques; budget monitoring and control; must demonstrate a strong commitment to organizational mission