What are the responsibilities and job description for the Chief Financial Officer position at Symbiotic Services?
Job Title: Chief Financial Officer (CFO)
Location: Soldotna, AK
Reports to: Chief Executive Officer (CEO)
Department: Finance
Job Summary:
The Chief Financial Officer (CFO) is responsible for overseeing the
financial operations of the hospital. The CFO will provide strategic leadership
in financial planning, management, and reporting, ensuring the hospital’s
financial health and sustainability. This role is key in developing long-term
financial strategies, managing budgets, financial forecasting, and ensuring
compliance with regulatory standards. The CFO will work closely with senior
leadership and department heads to align financial strategies with the
hospital's mission and goals.
Key Responsibilities:
- Financial Planning and Analysis:
- Lead the hospital’s financial
planning, budgeting, and forecasting processes.
- Provide financial analysis and
reporting to inform decision-making and strategic planning.
- Monitor financial performance
and recommend adjustments to achieve financial goals.
- Financial Operations and
Reporting:
- Oversee all accounting
functions, including financial reporting, general ledger management,
payroll, accounts payable, and accounts receivable.
- Ensure timely and accurate
preparation of financial statements, including balance sheets, income
statements, and cash flow statements.
- Ensure compliance with all
financial regulations, accounting standards (GAAP), and reporting
requirements.
- Strategic Financial Leadership:
- Collaborate with the CEO and
executive team to develop and implement long-term financial strategies to
support the hospital’s mission and goals.
- Provide leadership in optimizing
resource utilization, cost control, and capital investments.
- Analyze financial trends and
market conditions to recommend actions that drive financial
sustainability.
- Cash Management and Investment:
- Oversee cash flow management,
ensuring the hospital maintains sufficient liquidity to meet operational
needs.
- Develop strategies to manage
capital structure, optimize working capital, and ensure cost-effective
investments.
- Regulatory Compliance and Risk
Management:
- Ensure compliance with federal,
state, and local healthcare regulations, as well as hospital policies.
- Oversee risk management
strategies, including insurance coverage and internal financial controls
to mitigate financial risks.
- Coordinate audits and ensure
accurate financial record-keeping.
- Leadership and Team Management:
- Lead and mentor the finance
team, promoting professional development and high performance.
- Foster a collaborative
environment across departments to align financial goals with
organizational priorities.
- Communicate effectively with the
Board of Directors, executive team, and other stakeholders about
financial performance and strategy.
- External Relations:
- Serve as the primary contact for
external auditors, banks, insurance carriers, and other financial
institutions.
- Assist in raising capital for
hospital expansion or improvement projects, including financing options.
- Cost Management and Operational
Efficiency:
- Oversee the development and
implementation of cost control initiatives.
- Recommend operational
improvements to reduce expenses and enhance financial efficiency.
Qualifications:
- Education:
- Bachelor's degree in Accounting,
Finance, Business Administration, or a related field (required).
- MBA or Master's in Healthcare
Administration (preferred).
- CPA, CMA, or other relevant
certifications (preferred).
- Experience:
- Minimum of 7-10 years of
progressive financial management experience, with at least 5 years in a
leadership role, preferably within the healthcare industry.
- Strong understanding of
healthcare finance, including reimbursement, billing, and regulatory
compliance.
- Proven experience in strategic
planning, budgeting, financial forecasting, and financial analysis.
- Skills and Competencies:
- Strong knowledge of accounting
principles, financial regulations, and healthcare industry standards.
- Excellent leadership,
communication, and interpersonal skills.
- Analytical mindset with strong
problem-solving capabilities.
- Ability to work collaboratively
with diverse teams and stakeholders.
- Proficiency in financial
software and ERP systems (e.g., Microsoft Excel, Epic, Cerner).
- Personal Attributes:
- High ethical standards and
integrity.
- Strong business acumen and a
strategic thinker.
- Ability to handle multiple tasks
and prioritize in a fast-paced environment.
- Detail-oriented with a focus on
accuracy and accountability.
Physical Demands:
- Ability to sit at a desk for
extended periods.
- Occasional lifting of materials
up to 20 pounds.
- Ability to attend meetings and
work under deadlines.
Work Environment:
- Office environment within the
hospital.
- Occasional travel for meetings, conferences,
or site visits may be required.