Chief Financial Officer

CLASSIFICATION/STATUS: Exempt, FT, 40 hours

IMMEDIATE SUPERVISOR: Chief Executive Officer

SUPERVISORY RESPONSIBILITIES: Controller or equivalent, Director Patient Accounts, Grants Manager

PAY RANGE: Band 8 ($160,000 - $225,000/ year)

WHO YOU ARE:

YOUR ROLE & IMPACT

As part of a dynamic team at Charles River Community Health (CRCH), a Federally Qualified Health Center (FQHC) providing compassionate care to underserved communities, the Chief Financial Officer (CFO) provides strategic leadership in the areas of accounting, patient revenue cycle, finance, planning, budgeting, grants management, financial reporting and administration. In this capacity, the CFO oversees the financial accounting, auditing, billing/collections, fee-for-service and value-based payer contracts management, grants management, reporting, and accounts receivable and payable functions at the Health Center, and staffs the Board of Directors’ Finance Committee. While this position is at the Senior Leadership Team level, all SLT members also perform hands-on work given the size of the organization.

In addition to being an excellent health care finance and accounting professional, the CFO is expected to be a collaborative and supportive member of the Senior Leadership Team and champion organizational events, needs, and change management initiatives. The CFO is expected to be a champion of the organization’s mission, vision, and strategic priorities. Like all Charles River employees, the CFO fosters a culture where patient care is prioritized and all employees feel genuinely supported and valued. The CFO should be on site in Brighton or Waltham four days a week to support the culture, build relationships, learn from observation, and collaborate face-to-face.

YOUR RESPONSIBILITIES:

• Steward a culture where patient care is prioritized and all employees feel genuinely supported and valued.
• Executive oversight of all financial aspects of the delivery of Health Center services.
• Implements plans, programs, standards, procedures and policies and updates same as needed to comply with funder and regulatory requirements.
• Evaluates Health Center financial and operational performance and develops standards, procedures, and policies to improve efficiency, productivity, and patient service.
• Executive oversight of timely and accurate preparation of financial statements for internal use, as well as cost reports and other financial reports required by funding and regulatory agencies.
• Ensure budget and other financial materials are easy to comprehend and user-friendly to internal managers with various levels of financial knowledge.
• Develops departmental- and site-specific contribution margin models to support department chiefs and SLT with decision-making.
• Executive oversight of the preparation of the organization’s year end audit, including A-133 audit, and 403(b) testing and compliance in partnership with HR.
• Executive oversight of the preparation and filing of corporate federal and state tax returns.
• Executive oversight of the preparation of Health Center’s annual operating and capital budgets; and submits regular budget updates and analysis to the Senior Leadership Team and Board. Maintains fiscal vigilance over Health Center's expenditures in alignment with SLT roles and responsibilities.
• Executive oversight of cash flow planning to ensure positive liquidity and availability of funds as needed. Executive oversight of cash and investments; conducts proactive risk-planning and asset management, as well as oversight and implementation of related policies. Provides executive oversight of financing strategies and activities, and banking relationships.
• Ensures adequate controls are in place and that substantiating documentation is approved and available such that all operating, and capital procurement is compliant with funder and regulatory requirements.
• Executive oversight of grant funding from prospective applications through to post award budget adjustments and reporting to ensure organization has the grant revenue and resources it needs to support non-billable services, as well as planned and unplanned service expansion and other organizational and community needs.
• Evaluation of payer contracts, to meet organization strategic priorities and needs and succeed in value-based models of care. Stays abreast of changes in payer reimbursement strategy and related models, and is an executive champion and advocate to advance reimbursement for Federally Qualified Health Centers.
• Hires, trains, supervises, and evaluates Accounting, Billing, and Grant staff in accordance with personnel policies.
• Actively identifies changes in Federal, State, and local reimbursement and regulations and makes recommendations for change in strategy, patient care, or operations.
• Executive oversight of Health Center’s various non-clinical insurance policies; evaluates adequacy and costs to ensure comprehensive and cost-effective coverage at all times.
• Works collaboratively with Senior Leadership Team and staff in meeting HRSA, DPH, NCQA Patient Centered Medical Home recognition and other regulatory and/or funding requirements.
• Supports evaluation of the health center’s strategic options for growth and partnership, including the value and impact of system relationships and potential M&A activity.
• Other duties as assigned

QUALIFICATIONS, TRAITS, COMPETENCIES

• Masters’ Degree in business, accounting or finance field required; CPA preferred.
• Previous experience working in Federally Qualified Health Centers (FQHCs) strongly preferred.
• Truly excited about the opportunity to contribute as a CFO and SLT member.
• Clear communicator, sincere collaborator, hard worker, and caring human being.
• Strategic yet also be willing to be hands-on is required; this is critical to success in the role given the Health Center’s size and staffing resources.
• Five years of leadership experience required, preferably in an outpatient or FQHC setting.
• Demonstrated interpersonal, leadership and supervisory skills, including successfully being a champion of and leading staff through change management.
• Five years of experience in fiscal and funds management; particularly in non-profit and grant accounting with minimum operating budget oversight of $20 million.
• Experience in other functions, such as operations, practice management, or IT, a plus
• Strong proficiency in billing/revenue cycle and accounting systems required, and ability to be hands on and run reports required. Blackbaud accounting software experience a plus.
• Must be available to attend monthly evening meetings of the Board and Finance Committee.

WHO WE ARE AND WHAT WE DO

Charles River Community Health’s mission is to partner with individuals and families so they can thrive and lead healthier lives by delivering the comprehensive, integrated, and equitable primary healthcare that matters most to them.

CRCH is a comprehensive practice providing medical, pharmacy, dental, behavioral health, optical, and vision services to diverse underserved local communities. We serve over 13,500 patients annually, and 90% of those served are low income, while over 70% need services in a language other than English.

We are committed to providing patients with timely access to the right care, at the right place and at the right time, collaborating with other organizations to connect patients with a comprehensive range of services and provide continuity of care, and creating new community partnerships to meet the changing needs of patients and the community.

We value caring for everyone with dignity, respect, and compassion, reducing cultural, financial and other barriers to care, and eliminating health care disparities for our patients. We also advocate for the needs of our patients, the community, and public health causes.

OUR PROMISE

If you are passionate about providing access to quality and compassionate care to the underserved, you will find your career rewarding and impactful. As Chief Financial Officer you will be part of a dynamic and fast-paced team with a shared vision to breakdown barriers in delivering healthcare excellence!

OUR BENEFITS & PERKS

Medical & Dental Insurance

Short & Long-term Disability Insurance

Generous Paid Time Off

Flexible Spending Account

Employee Assistance Program

Tickets at Work

Health Reimbursement Arrangement

Travel Reimbursement

Professional Development Opportunities

Solid track record of developing and promoting employees internally!

Charles River Community Health is strongly committed to diversity and a workplace environment that respects, appreciates and values employee differences and similarities. By providing and supporting a work culture that fosters and builds upon diversity and its strengths, CRCH will better serve our local communities and continue to provide quality patient care and services. CRCH is an employment at-will organization and an equal opportunity employer committed to maintaining a work and learning environment free from discrimination on the basis of sex, race, color, religion, national origin, pregnancy, gender identity, sexual orientation, marital/civil union status, ancestry, place of birth, age, citizenship status, veteran status, political affiliation, genetic information or disability, as defined and required by state and federal laws. Additionally, CRCH prohibits retaliation against an applicant or employee because he or she has engaged in protected activity under the statutes prohibiting discrimination in the workplace.