Chief Financial Officer

Job Description

Objective of this role

As the chief financial officer (CFO)you will be responsible for managing and leading the financial initiatives of the hospital. You will often work in tandem with other C-suite executives, including a chief executive officer (CEO) and chief operations officer (COO). As the CFO is an integral part of any organization, you will be accountable for the financial successes or failures of the company. Among your responsibilities, you will advise on where to invest company funds, oversee the capital structure and optimal financing options for the company, provide strategic direction, as well as track cash flow, manage the accounting and finance departments, and ensure the company’s financial reports are accurate.

Responsibilities:

• Take responsibility (either directly or via staff) for all cash management, investments, insurance, budgeting, and financial reporting, and help drive the company’s financial strategy and hiring needs
• Coordinate development of annual operating, capital, and program budgets, as well as reporting for the same
• Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal- control activities of the organization
• Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows
• Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action
• Work with senior managers to efficiently develop budget proposals, provide access to project finance information, and ensure contract/grant compliance and reporting
• Research revenue opportunities and economic trends, analyze internal operations, and identify areas for cost reduction and process enhancement
• Perform risk management through analysis of company liabilities and investments, and evaluate and manage capital structure and fundraising initiatives
• Oversee HR operations by coordinating with external service providers (ex: payroll, benefits, recruitment) and internal staff responsible for other aspects of HR
• Monitor business performance with tracking tools, establish corrective measures as needed, and prepare detailed reports for earnings calls, management team, and rest of company
• Manage finance personnel and oversee financial IT systems, ensuring compliance with relevant regulatory entities (ex: Financial Accounting Standards Board, Internal Revenue Service, state attorneys general)