Chief Financial Officer at Signature Health, Inc. in Mentor, Ohio

Job Description:

Description

Chief Financial Officer

At Signature Health, our purpose is to provide integrated healthcare for our community specializing in patients with mental illness and/or addiction because we want people to realize their highest potential. If you align with our core values, putting people first, striving for excellence in the work you do each day and have a can do mindset, then Signature Health is the best place for the next step in your rewarding career. As a full-time employee, you will have access to the following employer/employee paid benefits:

• Medical, Dental, Vision, 401k match, HealthJoy - a no cost medical and mental health online resource available Day 1, and much more


• Robust earned paid time off program (PTO)


• Federal Loan Forgiveness Program (available on eligible roles)


• Tuition & Professional Development Assistance

SCOPE OF ROLE

The Chief Financial Officer is a highly skilled and strategic leader who serves on the CEO's senior leadership team, playing a pivotal role in ensuring financial stability, facilitating growth, and effectively navigating the dynamic and highly regulated landscape of the healthcare industry. The CFO's expertise and leadership are essential in driving financial strategies, suggesting and supporting progressive endeavors within the organization, managing resources, building financial sustainability, and safeguarding assets in alignment with our Mission, Vision, and Values. The CFO is responsible for leading the finance department, including AR, AP, revenue cycle management, grants management, preparing the financial statements and presenting to the Board monthly, preparing the annual budget, approving procurement requests, and preparing forecasts for business growth and general economic outlook.

HOW YOU'LL SUCCEED

Financial Strategy and Planning:

• Develop and implement comprehensive financial strategies that align with the organizations mission, vision, values and goals.


• Analyze financial performance, identify areas for improvement, and recommend strategies to optimize revenue generation, cost control, and operational efficiency.


• Lead the budgeting process, working closely with other senior leaders and directors to develop realistic and accurate financial plans.


• Monitor financial indicators and market trends to identify potential risks and opportunities, ensuring proactive decision making to adapt to industry changes.

• Oversee all financial activities and personnel including accounting, budgeting, revenue cycle, financial analysis, and reporting.


• Create and implement policies and procedures for the finance department in order to streamline workflows, improve efficiencies, and stay in compliance with federal regulations and US GAAP.


• Act as Fiscal Officer for all grant awards, namely HRSA.


• Establish robust financial controls, policies, and procedures to safeguard assets, ensure compliance with regulations (particularly HRSA and CMS), and maintain accurate financial records.


• Provide accurate and timely financial reports, statements, and analysis to inform senior leadership and the Board of Directors on the organization's financial health, performance and risks.


• Collaborate with external auditors, government agencies, and funding sources to ensure compliance, optimized revenue cycle, and transparent financial reporting.

• Optimize resource allocation by assessing priorities, evaluating the effectiveness of the programs, and identifying opportunities for cost savings and/or revenue expansion without compromising quality of care.


• Drive initiatives to enhance revenue cycle management, billing practices, and reimbursement strategies.


• Work closely with leaders at all levels to evaluate program profitability, analyze costs, and make informed decisions regarding resource allocation and program development.


• In partnership with the CEO manage assets, liabilities, and cash flow to maximize efficiency, return, and meeting the goals and objectives of the agency.


• Coordinate the management of the company's fixed assets including equipment, furniture, vehicles hardware and software. Ensure appropriate policies around capitalization are applied for assets held by the organization.

• Identify and mitigate financial risks, such as changes in reimbursement models, regulatory compliance, and revenue fluctuations.


• Stay informed about healthcare industry trends, policy changes, and reimbursement models, providing strategic guidance to adapt the organization's financial practices accordingly.

Leadership and Collaboration:

• Provide effective leadership and mentorship to the finance team, fostering a culture of people first, striving for excellence and can do.


• Collaborate and bring forth creative solutions with senior leadership, Directors, and other stakeholders to drive financial initiatives, support decision-making, and ensure alignment with organizational goals, mission, vision, and values.


• Serve as a financial advisor to the CEO and the Board of Directors, presenting financial updates, forecasts, and recommendations.


• Participate in miscellaneous duties that may be assigned from time to time.

• Under the direction of the CEO, the CFO will be accountable for planning, organizing, directing, and oversight of all activities concerned with the financial administration, general accounting, billing and reimbursement, and internal and external financial and statistical reporting. The CFO must work with the CEO and the Senior Leadership team and the Board of Directors to ensure the company's mission, goals, and objectives are achieved through prudent and compliant fiscal management and shall be a good steward of company assets.

Requirements

KNOWLEDGE & EXPERIENCE

• Bachelor's degree in Finance, Accounting, or a related field. Master's degree preferred.


• CPA (Certified Public Accountant) designation highly desirable.


• Proven experience (8+) years in senior-level financial leadership roles. Preferred experience will be within the healthcare industry, such as outpatient mental health, FQHC or primary care settings.


• In-depth knowledge of healthcare finance, reimbursement models, and regulatory compliance highly desirable.


• Strong financial analysis, budgeting, and forecasting skills, with the ability to analyze complex financial data and provide strategic recommendations


• Demonstrated experience in developing and implementing financial strategies to support growth and adapt to industry changes.


• Excellent leadership and communication skills, with the ability to effectively engage and influence stakeholders at all levels.


• Dynamic team leader that motivates direct reports and teams to work at highest level of excellence.


• Strong ethical standards and commitment to financial integrity and transparency.


• Demonstrated knowledge of US GAAP, not-for-profit and grant/contract accounting principles.


• Demonstrated knowledge of auditing and internal control principles in the state of Ohio.


• Knowledge of FQHC regulatory requirements and relevant Medicaid/Medicare laws and practices preferred.


• Knowledge of patient services billing and accounting practices, including Medicare, Medicaid, and sliding fee plans preferred.


• Strong interpersonal, verbal/written communication, delegation and problem-solving skills.


• High intellectual capital, analytical skills, excellent business judgement and emotional intelligence necessary.


• Ability to assess issues, challenges, and topics quickly with a track record of getting up to speed and adding immediate value to new situations and initiatives.


• Must be able to analyze financial and operating data and make recommendations based on this analysis.


• Must have the ability to effectively work with all Signature Health, Inc. leadership, managers and employees in addition to outside vendors.


• Advanced skills using Microsoft-based electronic spreadsheet and word processing software, including Excel, Outlook, Word and PowerPoint.

• Requires extended periods of standing, walking or sitting.


• Regularly required to sit, walk, stand, talk and listen both in person and while using the phone for extended periods.


• Ability to work independently, organize work efficiently, and prioritize responses to changing agency needs


• Dexterity sufficient to operate a PC and other office equipment.

This Success Profile is not an exhaustive list of all functions or requirements that you may be required to perform; you may be required to perform other job-related assignments as requested by your supervisor or the company. You must be able to perform the essential functions of the position satisfactorily; however, if requested, reasonable accommodations may be made to enable you to perform the essential functions of this job, absent undue hardship. Signature Health may revise this Success Profile at any time, with or without advanced notice.

All employees of Signature Health are required to comply with the Signature Health Annual Influenza Vaccination Policy. This policy requires employees to obtain an annual flu vaccination. A medical and/or religious exemption may be submitted for review by the Signature Health Review Committee. Exemption requests are considered but not guaranteed to be approved. Signature Health is a drug-free workplace. After receiving a conditional job offer, all applicants must successfully pass a pre-employment drug screen.