What are the responsibilities and job description for the Chief Financial Officer position at Carastar Health?
TITLE: Chief Financial Officer
CLASSIFICATION: Administrative Specialist VIII
SALARY RANGE: $80,411- $122,355
SUPERVISOR: Chief Operations Officer
DEFINITION:
The Chief Financial Officer (CFO) provides strategic financial leadership and oversight for the organization’s behavioral health programs and services. The CFO is responsible for ensuring the organization’s financial stability, compliance, and growth while aligning resources to advance the mission of delivering high-quality mental health care. Reporting to the Chief Operation Officer, the CFO collaborates with clinical, administrative, and operational leaders to support sustainable business models that prioritize patient care and organizational integrity.
DESCRIPTION OF DUTIES:
Develop and execute financial strategies that support the organization’s short- and long-term goals.
Provide financial insights and recommendations to the Executive Director, Board of Directors, and executive leadership team.
Lead annual budgeting, forecasting, and long-range financial planning processes.
Identify opportunities for revenue growth, cost efficiency, and resource optimization.
Oversee accounting, financial reporting, and billing functions.
Ensure compliance with federal, state, and local regulations, including healthcare reimbursement, insurance, and grant requirements.
Maintain strong internal controls, risk management policies, and financial safeguards.
Work closely with the billing department to ensure expected revenue received for billing, collections, and payer relationships for Medicaid, Medicare, private insurance, and self-pay services.
Maximize reimbursement opportunities while maintaining ethical and patient-centered practices.
Support grant management, philanthropic funding, and donor reporting.
Collaborate with program leaders on financial aspects of new services, partnerships, and expansion.
Supervise finance and accounting staff, providing mentorship and professional development.
Foster strong cross-departmental collaboration to align financial planning with clinical operations.
Present financial reports to the Board of Directors and external stakeholders.
Represent the organization with funders, auditors, and regulatory bodies
COMPETENCIES:
Strategic financial planning and decision-making
Knowledge of healthcare regulations and compliance standards
Strong analytical and problem-solving skills
Ability to lead teams with integrity and accountability
Collaborative leadership and cross-functional communication
QUALIFICATIONS:
Master’s degree in accounting, Finance, Business Administration, or related field (CPA or MBA preferred).
Five years of progressive leadership experience in finance, preferably in healthcare or nonprofit mental health services.
Strong knowledge of healthcare reimbursement, managed care, and behavioral health funding streams.
Proven track record in strategic planning, budgeting, and financial management.
Excellent leadership, communication, and analytical skills.
Commitment to the mission of expanding access to mental health care
Must hold a valid Driver’s license and maintain a driving record which is acceptable to Carastar’s insurance carrier. Must maintain liability coverage on personal vehicles.
January 2026
Salary : $80,411 - $122,355