Job Description: Chief Financial Officer | Department: Finance | Status: Full-Time Exempt

Location: Midwest Refuah Health Center - 6374 North Lincoln Ave Chicago Illinois 60659

Reports To: Chief Executive Officer & Chief Operations Officer | Compensation: $170,000-$250,000

The Chief Financial Officer will direct and oversee the financial activities of the organization, direct the preparation of current financial reports and summaries, and create forecasts predicting future growth.

Oversees the accounting department, budget preparation, and audit functions. Working collaboratively with other department heads to monitor each department and make recommendations.

Duties and Responsibilities:

Prepares the annual budget for MRHC; generates, analyzes, and presents monthly financial statements, cash flow statements, and ongoing financial analysis to the Finance committee of the Board of Directors.
Develops a clear financial plan that is consistent with the organization’s strategic goals, and initiatives.
Oversees the organization’s financial accounting systems and functions maintaining strong internal controls – resulting in a clean annual audit, in full compliance with generally accepted accounting principles (GAAP).
Annually reviews funder regulations including City and County of Chicago, Illinois Department of Public Health, HRSA, and CDC, as well as all other applicable federal regulations.
Updates and revises internal control policies and procedures as needed to be in compliance with funder requirements.
Creates financial policies and procedures that are aligned with GAAP and federal requirements for monitoring of FQHC revenue and expenditure.
Effectively manages agency line of credit.
Prepares necessary regulatory cost reporting and stays current with rules, regulations, and reporting requirements for federal, state, and grant funders.
In the absence of the CEO, assumes administrative responsibility for all financial matters.
Annually reviews and recommends changes to the fee schedule to the CEO, CMO, and Board of Directors.
Coordinates standards and integrates financial performance measures for clinic operations.
Creates a financial tracking system, coordinated with our EHR and billing systems, to properly track patient revenue.
Direct the finance systems -accounting, payroll, account payable, accounts receivable, and patient financial services monitoring expenditures.
Supervise the preparation and posting of entries to the general ledger, accounts payable ledger, accounts receivable ledger and payroll.
Supervise billing and collections function for all services rendered to patients.
Examine entries posted in ledgers and journals for accuracy and compliance with established accounting procedures and policies.
Responsible for fixed assets management: maintaining the fixed asset system and depreciation calculations.
Responsible for the following cash management activities: monitor cash flow on a continual basis, prepare bank reconciliations, audit cash receipts, and audit accounts receivable.
Responsible for grant fund administration.
Prepare the operational financial and management reports on a monthly, quarterly, and annual basis.
Prepare current and comparative analysis reports and statements reflecting variations in costs and revenues.
Prepare financial, regulatory, cost reimbursement, and special reports as required by government agencies and private third-party agencies.
Ability to analyze and interpret government regulations specific to the health care industry.
Knowledge of governmental cost principles, budgetary and reporting requirements, and auditing standards. Specific knowledge of not-for- profit accounting principles.

Qualifications:

Three years or more of health care accounting experience with a Federally Qualified Health Center is required.
Bachelor’s degree in finance or equivalent experience.
At minimum five years of experience in a financial leadership position in a public/private/nonprofit environment and experience as a member of senior management teams with excellent supervisory and coaching skills, and strong, facilitative leadership skills.
Demonstrated financial leadership experience in a FQHC setting with strong analytical skills and experience working with and presenting to the Board of Directors.
High personal and professional integrity.
Experience and ability to work independently, as well as with and across all levels of management and line staff, and to influence and collaborate in a diverse and cross‐functional workplace.
Excellent attention to details, ability to communicate effectively and manage multiple deadlines and priorities.

Midwest Refuah Health Center is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, ethnicity, religion, sexual orientation, veteran status, national origin, pregnancy or related conditions, or disability. While performing the duties of this job, the employee is regularly required to talk or hear, sit, use hands, reach with hands and arms, stand, walk, walk up and down stairs, lift and/or move up to 25 pounds.

Midwest Refuah Health Center

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