About the Role In person position from Monday to Friday at our South Jordan UT office
The Purpose of Your Role
The Chief Financial Officer CFO is responsible for the financial operations of the organization including managing the day to day billing collection accounts receivable and payables strategic financial planning maintaining and establishing profitable banking relationships overseeing budgeting forecasting compliance tax planning and reporting In these roles you will ensure the financial health of the organization both now and in the future especially the ability of the organization to open up 15 25 new clinics each year The CFO will also oversee two additional departments including risk management and Information Technology The CFO will work closely with the Executive Team to support business objectives and lead financial initiatives to drive long term growth and sustainability
Success Indicators
- KPIs Financial Compliance 100 adherence to healthcare financial regulations including JHACO and HIPAA requirements
- Budget Accuracy Maintain budget variances within 5
- Revenue Cycle Efficiency Optimize collections to achieve 98 of expected reimbursements
- Operational Cash Flow Ensure positive cash flow to support day to day operations and expansion
- Stakeholder Satisfaction Achieve executive team satisfaction rating of 45 or higher for financial leadership and support
- Banking relationships Lines of credit are in place to support current and future cash needs
Please note When you achieve any of the above key indicators your supervisor will counsel with you to set a new goal
Core Competencies
- Financial Acumen Deep knowledge of financial principles and accounting standards
- Strategic Planning Proven ability to design and execute strategic financial initiatives
- Leadership Strong leadership and team building capabilities
- Communication Clear concise verbal and written communication with various stakeholders
- Problem Solving Excellent critical thinking and problem solving skills in dynamic environments
Core Responsibilities
- Financial Oversight and Reporting Manage financial statements including income statements balance sheets and cash flow statements to ensure accuracy and compliance
- Lead monthly quarterly and annual financial reporting with insights to guide executive decision making
- Strategic Financial Planning Develop and oversee long term financial plans in alignment with the companys growth and expansion goals
- Conduct financial modeling to inform strategic initiatives acquisitions and other high impact decisions
- Revenue Cycle Management Oversee billing collections and insurance processes ensuring timely and accurate reimbursement for services provided
- Collaborate with Billing and Utilization Management teams to streamline revenue cycle efficiency
- Risk Management and Compliance Ensure compliance with regulatory requirements including JHACO and HIPAA standards and implement robust internal controls
- Lead the risk management strategy including insurance and contractual risk mitigation
- Leadership and Development Mentor and develop the finance team promoting professional growth and maintaining a high performance culture
- Create and monitor SMART goals with the executive team to continuously enhance financial operations
The Skills and Expertise You Have
- Education Masters degree in Finance Accounting Business Administration or a related field; CPA or CMA preferred
- Experience Minimum 10 years of senior financial management experience with a preference for experience in healthcare or behavioral health
- Technical Skills Proficiency in financial software EMR systems and regulatory compliance tools
- Regulatory Knowledge Comprehensive understanding of healthcare finance regulations including JHACO and HIPAA
- Professional Attributes Exceptional organizational problem solving and leadership skills with flexibility to adapt to a fast growing organization
- Healthcare Finance Experience 10 years of experience in healthcare finance or a similar environment
- Data Analysis Skills Proficiency in data analysis for predictive financial modeling and reporting
- Strategic Insight Experience in mergers acquisitions or expansion initiatives within healthcare
Disclaimer OCD Anxiety Centers LLC has not designed this job description to contain a comprehensive list of all activities duties or responsibilities required of the employee OCD Anxiety Centers LLC reserves the right to modify duties responsibilities and activities at any time with or without notice
Equal Employment Opportunity Commission EEOC Statement OCD Anxiety Centers LLC is committed to providing equal opportunity for all employees and applicants without regard to race color religion sex national origin age marital status sexual orientation genetics disability political affiliation personal appearance family responsibilities or any other legally protected class under federal state or local law This applies to all aspects of employment including recruitment hiring job assignments promotions working conditions scheduling benefits wage and salary administration disciplinary action termination and social educational an recreational programs
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