What are the responsibilities and job description for the CHIEF FINANCIAL OFFICER position at GRAYSTONE OPHTHALMOLOGY ASSOCIATES PA?
JOB SUMMARY: The Chief Financial Officer (CFO) is a key member of the executive leadership team, responsible for the overall financial strategy and management of Graystone Eye. The CFO will provide strategic financial leadership, oversee all financial operations, and ensure the organization's financial health and sustainability. This role requires a dynamic, results-oriented leader with a strong understanding of healthcare finance, strategic planning, and risk management.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Strategic Leadership:
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- Develop and implement financial strategies that align with the organization's overall strategic plan.
- Provide financial analysis and recommendations to the CEO and Board of Directors to support informed decision-making.
- Lead the development and monitoring of long-term financial forecasts and budgets.
- Identify and evaluate potential financial risks and opportunities.
Financial Operations Management:
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- Oversee all financial operations, including accounting, budgeting, financial reporting, treasury, and tax functions.
- Ensure the accuracy and integrity of financial records and reporting.
- Develop and implement financial policies and procedures to ensure compliance with regulatory requirements and best practices. 1
- Manage relationships with external auditors, banks, and other financial institutions.
Financial Planning and Analysis:
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- Develop and manage the annual budget and financial forecasts.
- Analyze financial performance and identify areas for improvement.
- Provide financial analysis to support strategic initiatives and capital investments.
- Monitor and manage cash flow to ensure adequate liquidity.
Risk Management:
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- Identify and assess financial risks and develop mitigation strategies.
- Ensure adequate insurance coverage to protect the organization's assets.
- Monitor and manage compliance with financial regulations and reporting requirements.
Team Leadership and Development:
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- Lead and mentor the finance team, fostering a culture of collaboration and accountability.
- Develop and implement training programs to enhance the skills and competencies of finance staff.
- Conduct performance evaluations and provide feedback to support professional development.
- Work with the CEO on financial-related decisions.
Healthcare Finance Expertise:
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- Possess a strong understanding of healthcare finance, including revenue cycle management, payer contracting, and regulatory compliance.
- Monitor and analyze industry t and regulatory changes that may impact on the organization's financial performance.
- Knowledge of medical practice management software.
QUALIFICATIONS:
- Bachelor's degree in accounting, finance, or a related field; Master's degree or CPA preferred.
- Minimum of 3-5 years of progressive financial leadership experience, preferably in a healthcare setting.
- Proven track record of driving financial performance and achieving measurable results.
- Strong knowledge of accounting principles, financial reporting, and regulatory requirements.
- Excellent communication, interpersonal, and leadership skills.
- Ability to analyze data, solve problems, and make sound decisions.
- Strong financial modeling and forecasting skills.
- Experience with mergers and acquisitions is a plus.
SKILLS
- Strategic financial planning
- Financial operations management
- Financial analysis and reporting
- Risk management
- Team leadership and development
- Healthcare finance expertise
- Communication and interpersonal skills
- Problem-solving and decision-making