Our ability to carry out our mission depends upon the quality of medical and administrative staffs. We’re always looking for talented individuals to join us. When you work for LACHC, you’re part of an organization that cares for forgotten or ignored members of our community who are sick, poor and, all-too-often, homeless. Many attempt to manage chronic illnesses, such as diabetes, hypertension and depression, from meager supplies. They also may be looking for ways to survive the grips of poverty, addiction, pain and abuse. You have a chance to make an immediate difference in their lives, shown through the spontaneous smiles on their faces and moving expressions of gratitude.
Chief Financial Officer
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Manages the overall operations of the Finance Department.
- Provides expertise and counsel to the President/CEO. Confers with President/CEO and leadership team to coordinate and prioritize financial planning and control.
- Participates in both long and short term planning, goals, objectives and develops optimal financial and market placement of the organization. As part of the Executive Team, participates in the Strategic Planning process and implementing strategic initiatives.
- Develops annual budget as required by the Board of Directors and Bureau of Primary Health Care. Budget development requires coordination and review with the President/Chief Executive Officer (CEO), Chief Medical Officer (CMO) and Chief Operations Officer (COO) and final presentation with Finance Committee and full Board for final review and approval.
- Directs and/or participates in the preparation of periodic and special budgetary and financial and related statistical reports, monitors expenditures according to budget allocations; performs variance analyses of monthly results of operations versus budgeted trends, and recommends and/or initiates cost saving measures.
- Provides regular and special reports for evaluation of continued financial viability and sustainability of the cljnics and programs/services.
- Assures financial integrity of LACHC by ensuring that proper controls are in place thereby reducing financial risks. Develops recommendations for continuous improvements of the financial operations. Implements and monitors compliance with current accounting policies and procedures, Analyzes and develops alternatives for changing policies and procedures that promotes efficiency, control, and quality in the accounting process.
- Controls and optimizes cash flows to maximize returns through aggressive management of payables and receivables and other funding sources.
- Evaluates and recommends pricing and fee structures related to costs of services/fee charges.
- Analyzes, interprets and communicates to leadership financial data and develops reports to reflect internal economic conditions and trends including need to request a new PPS rate with new scope change as needed.
- Works with leadership of each department to establish internal controls, policies and procedures, culminating with the periodic preparation of financial statements prepared in accordance with generally accepted accounting principles.
- Oversees payroll, accounting, bank reconciliation, budget preparation, and audit functions. Manages and prepares for all scheduled financial audits.
- Works and coordinates with audit firm/external auditor to assure timely completion of the annual external audit (including Uniform Guidance audit) and filing of tax returns after review and approval of the CEO and Board.
- Participates in the completion of the Uniformed Data System (UDS) and OSPHD reports relating to the financial portions of the reports.
- Monitors financial reports, revenue and expenditures, and the efficiency and accuracy of patient billing.
- Supervises all Medicaid/Medicare and managed care patient billing and collections for third party reimbursements.
- Creates and maintains updated departmental budgets. Meets regularly with the President/CEO and Department heads to offer direction in budgetary management.
- Prepares required periodic financial and statistical reports for grants/funding sources granting and other agencies to comply with regulatory requirements. Coordinates and assures timely submission of all financial monitoring reports and information required by grantors. Partners with Director of Grant Management and contracted grant writers on preparing the necessary financial reports and information to assure timely and successful completion grant application process.
- Handles the preparation, coordination, and submission of all financial reporting requirements including: Medicare/Medicaid Cost Reports, FQHC Cost Reports, Annual Medi-Cal Reconciliation, and required related financial data for the Bureau of Primary Health Care.
- Reviews and reports the financial status and construction costs incurred for the Joshua House construction project to the Finance Committee and Board; reviews construction draw requests and prepares/coordinates the necessary wire transfers with the bank/lenders; handles the preparation and submission of financial reports and other compliance reporting to the lenders under the New Market Tax Credit transactions and compliance, and communicates/coordinates required reportable matters to the lenders.
- Coordinates with the Director of Human Resources and Director of Fund Development to create and maintain a salary allocation spreadsheet that identifies sources of funding, or lack thereof for all employee positions.
- Summarizes pertinent financial data related to revenue, collections, write-offs and other financial elements for periodic presentation to the CEO and Board of Directors.
- Ensures compliance with all tax laws and regulations; maintains oversight of the calculation of federal income tax returns, state premium tax returns and other tax filings.
- Makes presentations as necessary to President/CEO, Department heads, and Board of Directors. Attends all BOD and Financial/Audit Committee meetings and presents financial, data and budgets and analyses as necessary or requested.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
- Demonstrated success in developing, implementing and monitoring an effective financial management system.
- Nonprofit and FQHC experience at the staffing, Board and/or volunteer level.
- Strong skills in accounting, and third party reimbursement/patient billing for FQHCs.
- Detailed-oriented with excellent verbal, analytical, organizational and written skills.
- Effective communication and presentation skills.
- Up-to-date knowledge of current financial and accounting computer applications.
EDUCATION and/or EXPERIENCE:
- Bachelor's Degree (B.A. or B.S.) from a four-year college or university in Accounting or
Business Administration required.
- Masters Degree preferred or extensive experience in the Management of Finance Departments in the healthcare environment.
- CPA Certification a plus.
- Minimum of 10 years experience in Accounting and Finance.
- Prior experience as Controller or CFO desired.
Full-time, Exempt position. Medical, Dental and Vision with 403B Retirement Plan and Employer match. Salary negotiable. Equal Opportunity Employer. Willing to consider candidates with criminal histories.