Chief Financial Officer

Western Washington Medical Group; Everett (WA); On-site; USD 200,000 - 300,000; Full time

Job summary

Western Washington Medical Group in the Greater Seattle Area is seeking an experienced CFO to lead the organization's financial strategy, stability, and operational performance in a complex healthcare environment.

You will oversee revenue cycles, budgeting, monthly reporting, cash flow, and regulatory compliance, while partnering with clinician leadership to align financial goals with patient care and outcomes.

Qualifications

• Bachelor's degree in accounting or finance; CPA or MBA preferred.
• Minimum 8–10 years in medical-group finance leadership.
• Strong GAAP, IFRS, SOX knowledge and SEC reporting experience.
• Experience negotiating with lenders and managing audits.

Responsibilities

• Lead budgeting, forecasting, and annual operating plans.
• Oversee accounting, GL, tax, and internal controls.
• Manage external audits and regulatory compliance.
• Collaborate with clinicians and executive team on financial strategy.
• Develop and mentor the finance team.

Skills

Communication skills

Analytical thinking

Leadership

Executive presence

ERP systems experience

Education

Bachelor's Degree in Accounting or Finance

CPA

MBA

Tools

ERP Software

Job description

***We are currently only considering local candidates within the Greater Seattle Area.***

Seeking an executive leader responsible for the overall financial strategy, stability, and operational performance of a healthcare organization. This role involves managing complex revenue cycles, ensuring regulatory compliance, and partnering with clinician leadership to align financial goals with patient care.

Financial Analysis, Budgeting and Forecasting

• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
• Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating budget and annual company operating budget, including actual vs. budget reporting to executive leadership team and Board of Directors.
• Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
• Participate in weekly conference calls with lenders, vendors and executive leadership team.

Accounting, General Ledger, Administration and Operations

• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Review and ensure application of appropriate internal controls, SOX compliance and financial procedures.
• Ensure timeliness and accuracy of financial and management reporting data for executive leadership team, lenders, investors and Board of Directors.
• Select and engage consultants and auditors and, as requested, investors.
• Oversee the preparation and communication of weekly, monthly, quarterly and annual financial statements, and quarterly annual reports to investors.
• Oversee the preparation and timely filing of all local, state, federal and international tax returns.
• Work with Human Resources and Legal to ensure appropriate legal and other compliance.
• Oversee and review all month-end closing activities including general ledger accounts, balance sheet accounts, overhead cost allocation, and constantly review closing procedures and eliminate inefficiencies.
• Enhance and implement financial and accounting systems, processes, tools and control systems.
• Hire, develop and manage finance department directors, managers and staff.
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Coordinate and strategize methods used to attain team goals with finance functional staff.

Financial Management

• Oversee cash, investments and asset management.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding, collaborative banking relationships and strategic alliances with vendors and business partners.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

Financial Relations and Policies

• Engage Board of Directors to develop short-term and long-term plans, projections and budgets.
• Represent company to banks, financial partners, institutions, investors, public auditors and officials.
• Remain current on audit best practices as well as local, state, federal and international laws regarding company operations.

Finance and Accounting Team Management

• Mentor and develop a team of senior managers and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
• Guide larger, cross-divisional teams outside of direct span of control.

Cash Management

• Manage cash flow planning process and ensure funds availability.
• Oversee weekly cash management and AP Department, establish approval process for payables, including CFO role to sign large checks and authorize large wires and ACHs.
• Supervise accounts receivable management and provide guidance relating to the collection process.

Chief Financial Officer (CFO) – Position Requirements

• Bachelor’s Degree in accounting or Finance preferred, CPA and MBA preferred.
• 8-10 years experience working within a medical group in a financial capacity.
• 5-7 years experience with payer contract negotiation within a medical group or vendor
• Experience with Value-Based Care (VBC)delivery models particularly designing and/or managing the financial incentives/models built within a VBC structure.
• Experience designing, implementing and running physician compensation models within medical groups
• Background in Big 4 or Regional Public Accounting Firm.
• 3-5 years of experience in a senior finance leadership role, 8-10 years total accounting or finance experience.
• Outstanding knowledge and understanding of GAAP, IFRS, SOX compliance and SEC reporting.
• “Hands On” ERP Systems Experience
• Outstanding communication and presentation skills.
• Demonstrated leadership ability, confidence and executive presence – ability to motivate staff.
• Excellent analytical, reasoning and problem-solving skills.
• Significant experience working with external auditors, internal controls and healthcare compliance-related issues.

Annual Salary Range: $200,000- $300,000