Chief Financial Officer

ICL • New York, NY, United States • $200k - $250k / year • 2w ago

Job Summary:

The Chief Financial Officer (CFO) is responsible for driving all aspects of financial management, including advanced forecasting, diversifying funding sources, and ensuring robust financial flexibility to navigate rising costs and external constraints. Reporting directly to the Chief Executive Officer (CEO), the CFO provides accounting, budgetary, operational, and programmatic support to all agency programs and activities. The CFO is the primary agency contact for all contractual matters, proposals for new or extended programs and new business development. The CFO directly oversees and supervises the financial/accounting staff and other departments as directed by the CEO and serves as an active member of the Executive Management Team helping to develop and implement the agency’s financial strategy, vision and mission.

ESSENTIAL JOB FUNCTIONS:

Provide overall supervision, leadership and direction to the Finance Department.
- Hold regularly scheduled meetings with key staff to identify and resolve on-going problems within the Finance Department in interaction with other departments, and entities/corporations.
- Maximize utilization and quality of financial services.
- Periodically assess the resource needs of the Finance Department and meet those needs, identifying opportunity for additional resources if necessary.
- Oversee Accounts Receivable to ensure accurate collectability.
- Lead revenue cycle management, implementing data-driven strategies to optimize processes, with a primary focus on maximizing revenue from Medicaid and enhancing financial performance through optimized relationships with managed care organizations.
- Develop and execute initiatives to improve revenue cycle efficacy and accuracy, leveraging technology and industry best practice, to streamline billing, coding, and reimbursement process while ensuring compliance with Medicaid regulations and contractual agreements with managed care organizations.
Provide oversight of the Entitlements department by ensuring financial integrity, operational efficiency, and regulatory compliance.
- Develop strategic plans and budgets to allocate resources as necessary to ensure departmental and organizational goals can be met.
- Ensure stringent compliance with all regulations and compliance requirements, including oversight of audits, managing risks, and ensuring the department implements measures and policies to detect and prevent fraud and abuse.
- Oversee the development and implementation of strategy to enhance program efficiency, accuracy in eligibility determination and timely benefit processing.
- Establish and monitor key performance indicators to ensure the department's effectiveness, efficiency, and financial health.
Monitor ongoing functioning, organization and systems development of Corporate Accounting.
- Monitor monthly close-outs for all programs ensuring timely and accurate reports.
- Report on monthly P/L statements and expenditure patterns.
- Ensure accurate computerization of accounts payable, accounts receivable, and general ledger.
- Conduct random internal audits of various systems and report findings to Executive Director, MSO and CEO with corrections of any weaknesses detected.
- Provide oversight and assistance in the annual audit conducted by an independent CPA of the Board's choosing and make results available to CEO and Board of Directors.
- Collaborate with external legal counsel to manage and resolve financial claims and disputes.
- Participate in negotiations and settlement discussions to achieve favorable outcomes on resolution strategies.
Contract Management
- Develop plans for growth to increase profit while reducing expenditure.
- Identify investment opportunities and manage mergers and acquisitions in partnership with executive stakeholders.
- Monitor expenses to maximize contract funding.
- Prepare (or review preparation of) contract budget reporting and claiming documents (e.g. CFR and CCR).
- Monitor contract compliance for all contracts submitting necessary quarterly/yearly documentation on an as required basis.
- Monitor ongoing corporate liability and other non-health related policies ensuring continuous coverages in amounts as specified by the CEO and Board of Directors.
- Personally manage all capital construction and bonding proceeds accounts.
Participate in Corporate Management
- Develop Annual Budgets for various ICL corporations.
- Meet regularly with the Executive Director, MSO to review ongoing fiscal operations of corporation, identifying problems requiring resolution.
- Participate in Cabinet Meetings.
- Lead and participate in Board of Directors meetings.
- Lead and function as representative of ICL at various meetings with other agencies, financial lending institutions, etc.
- Other assignments as required.

ESSENTIAL KNOWLEDGE, SKILLS AND ABILITIES:

Adhere to, foster, and promote ICL’s values of ethical integrity, compassion, equity and inclusion, accountability, quality, growth and mastery.
Critical thinking, change management skills and approaches.
Excellent analytical and decision-making abilities.
Ability to work collaboratively with internal and external stakeholders.
Detail oriented with a focus on accuracy and compliance.
General accounting and financial reporting procedures in accordance with the State of New York.
State of New York contract/grant budgeting/reporting procedures and requirements.
Human Resources related laws, regulations and practices.
Payroll reporting and processing of payroll taxes.
Employee benefits, including the management of health care and retirement plans.
Current Health Care sector environment and trends.
Experience with financial software and Electronic Health Care Record systems.
General office software, particularly Microsoft Office Suite, and accounting software packages.
Manage and oversee all aspects of the financial/accounting management function.
Ensures Accountability. Follows through on commitments and makes sure others do the same. Acts with a clear sense of ownership. Takes personal responsibility for decisions, actions, and failures. Establishes clear responsibilities and processes for monitoring work and measuring results.
Create, analyze and report on financial statements and budgets.
Analyze and solve problems effectively and efficiently.
Communicate effectively both verbally and in writing.
Manage priorities effectively to meet deadlines and demonstrate multi-tasking skills.

QUALIFICATIONS AND EXPERIENCE:

Bachelor’s degree in Finance, Accounting, or related field required; MBA or CPA preferred. Five years post-degree experience including budgeting in profit or non-profit area. Master's degree in business or public administration plus three years of related experience. Strong knowledge of financial law and risk management practices. Must have knowledge of computerized accounting systems and be able to use financial spreadsheet programs.