What are the responsibilities and job description for the CHIEF FINANCIAL OFFICER position at Lensa?
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Description
Summary
The Chief Financial Officer oversees and provides executive guidance in financial policy and direction of the organization while also being an active participant, and driver of the organization’s overall strategy. This position leads all financial administration, budgeting, and business planning. This position serves as a member of the Executive team and provides leadership to management, working collaboratively with all departments to foster a cohesive organizational culture. This position serves as a member of the Executive Team, Leadership Team and Management Team.
Essential Duties & Responsibilities
Qualifications, Education and Experience
Description
Summary
The Chief Financial Officer oversees and provides executive guidance in financial policy and direction of the organization while also being an active participant, and driver of the organization’s overall strategy. This position leads all financial administration, budgeting, and business planning. This position serves as a member of the Executive team and provides leadership to management, working collaboratively with all departments to foster a cohesive organizational culture. This position serves as a member of the Executive Team, Leadership Team and Management Team.
Essential Duties & Responsibilities
- Oversees the budgeting process and the implementation to monitor the progress and present financial and operational metrics both internally and externally.
- Ensures financial records are maintained in accordance with Generally Accepted Accounting Principles (GAAP) and internal control safeguards are in place.
- Provides oversight of all financial, accounting, payroll activities and capital planning, ensuring compliance with all regulatory and audit requirements, including, but not limited to, Centers for Medicare and Medicaid Services (CMS) cost reporting audit requirements.
- Manages cash flow and forecasting and optimizes the handling of banking relationships and initiates appropriate strategies to enhance cash positions.
- Maintains all financial and accounting policies and procedures.
- Maintains relationships with external agencies, vendors, financial institutions and auditors related to the fiscal operations of the organization.
- Provides organizational responsiveness to changing conditions assuring long-term viability and growth of the organization.
- Provides information and interacts with the Board of Directors, Advisory Board and Finance Committee to maintain a high level of service and support.
- Identifies, develops and implements strategic planning initiatives focusing on both short-term and long-term organizational objectives and goals.
- Mentors and develops assigned staff toward accomplishment of mission, to include recruitment and selection, scheduling and job assignment, training and development, counseling and coaching, appraisal and recognition, and recommends salary, promotional, and disciplinary actions.
- Engages members of the Leadership Team to facilitate cross-department collaboration ensuring all financial solutions positively support the organization’s evolving strategic objectives.
- Other duties as assigned.
Qualifications, Education and Experience
- Bachelor’s degree in business or healthcare administration;
- CPA and/or Master’s degree;
- Ten (10) years of experience in finance;
- Five (5) years of experience in management;
- Five (5) years in an OPO preferred;
- Proven ability to lead a team, coordinate internal and external resources, and achieve measurable results against goals;
- Excellent interpersonal, communication, team-building and managerial skills;
- Strong analytical skills, strategic thinking, problem analysis, and decision-making skills;
- Effective communication at all levels in the organization, with strong verbal and written skills; or,
- An equivalent combination of education and experience.