Chief Financial Officer (CFO) - Non-Profit

Company: Source EQ
Location: San Mateo
Posted on: May 29, 2023

Job Description:

Compensation and Bonus Package$240K-$270K - NegotiableAmazing benefits and CEUsAbout the Organization and PositionWell known Non-Profit Behavioral Health Agency is hiring for a Chief Financial Officer. - -This is an executive position and part of the Senior Executive Leadership Team. Reporting directly to the Chief Executive Officer, -the Chief Financial Officer is a leader within the organization who publicly embraces and represents the mission, values, and goals of the organization and its various stakeholders. Overseeing an annual budget of $50M, the CFO will direct the fiscal functions per all applicable federal and state regulations, following best financial management techniques and practices. The CFO will manage strategic financial planning and analyses, reporting, and record-keeping, as well as serve as a strategic partner and advisor to the CEO and other members of the Senior Executive Leadership Team (SELT).This well known and well established agency provides psychiatry, medication management, -outpatient substance use treatment, case management, supportive housing, LGBTQ youth and youth care. - Our services cross age ranges from children to older adults.What's Special About this JobAmazing non-profit organization providing cutting edge treatment, collaboration and support.High caliber teams with low turnover and dedication to the communityThese essential programs and services serve more than 14,000 individuals annually across San Mateo, Santa Clara, San Francisco, Solano, and Butte Counties. Our nonprofit organization's portfolio of behavioral health and supportive services empowers and supports individuals and families to move toward resilience, wellness, and independence. -Responsibilities

• Direct and manage the finance and accounting teams and develop the financial strategy for the organization in partnership and collaboration with the CEO and the SELT
• Drive and manage the financial planning and budgeting processes including creating and overseeing action plans to ensure annual financial objectives are achieved.
• Direct revenue cycle operations to ensure that accounts receivable are collected promptly and uncompensated care is minimal.
• Achieve goals for cash collections, accounts receivable, and to reduce bad debt and denials
• Routinely review revenue cycle metrics to proactively identify and address issues affecting overall performance.
• Design and develop reporting formats for Board and Management team for performance tracking and decision making.
• Ensure front-end revenue cycle processes are implemented including making certain insurance verification is completed on all patients.
• Maintain a thorough working knowledge of federal, state, county and managed care reimbursement methodologies to ensure that the agency -is paid accurately, revenue is maximized, and the organization is positioned for future payment system changes.
• Collaborate regularly with the CEO, Chief Clinical Officer, Regional Executive Directors, and Director of IT to develop value-based metrics required in reimbursement methodology of public and private insurance/payers.
• Work in partnership with the Chief Development Officer and CEO to plan and collect revenue from development and fundraising opportunities and collaborate with program leadership to support grant management and reporting activities.
• Collaborate with the Chief People and Equity Officer to create incentivized performance systems.
• Provide timely and accurate analyses of budgets, financial reports, and trends to assist the CEO and other senior managers in performing their responsibilities.
• Manages financial controls and accounting procedures including developing and maintaining systems of internal financial controls and adherence to accounting principles and procedures.Experience
  • Master's degree in Accounting and Finance, Business Administration, or related field.
  • 10+ years of accounting and finance healthcare leadership -expertise -with proven experience in a -significant senior-level financial management role and a track record of strategic and tactical leadership abilities.
  • Knowledge and experience with health care finance and reimbursement systems is required
  • Deep knowledge about how financial optimization works within a not-for profit framework
  • Understanding of the operational and financial dynamics of clinical care delivery.
  • A genuine passion and deep appreciation for improving the health of low-income communities
  • Knowledge of all aspects of generally accepted accounting principles (GAAP). - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Powered by JazzHR

Keywords: Source EQ, San Mateo , Chief Financial Officer (CFO) - Non-Profit, Executive , San Mateo, California