Summary
As a key member of the Executive Management team, the Chief Financial Officer will report to the CEO and will have direct reporting requirements to the Board of Directors and assume a strategic and operational role in the overall management of the company. The CFO will have primary day-to-day responsibility for planning, implementing, managing, and controlling all financial-related activities of the company as well as a few operational activities related to the growth of the company. This will include direct responsibility for accounting, finance, accounts payable, payroll, forecasting, strategic planning, revenue cycle, insurance, M&A, investor relationships and institutional financing.
Duties/Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Drive the company’s financial planning
- Determine active growth strategies while considering cash and liquidity risks
- Control and evaluate the organization’s fundraising plans and capital structure
- Ensure cash flow is appropriate for the organization’s operations
- Lead and execute M&A activities
- Oversee medical billing and accounts receivable functions
- Assist the lease negotiations and lease management activities
- Ensure compliance with the law and company’s policies
- Interact with private equity sponsor, Webster Capital, on a weekly basis
- Implement policies, procedures and processes as deemed appropriate by senior leadership team
- Prepare and present monthly financial budgeting reports; monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division
- Deliver presentations and serve as a main point of contact to banks, lenders, financial partners, institutions, investors, public auditors and officials
- Remain current on audit best practices, and state, federal and local law regarding company operations
- Create and establish yearly financial objectives that align with the company’s plan for growth and expansion
- Manage the financial and reporting systems of the organization
- Recruit, interview and hire finance, accounting and payroll staff as required
- Participate in pivotal decisions as they relate to strategic initiatives and operational models
- Interact with and bring department into line with Board of Directors plans initiatives and recommendations
- Implement policies, procedures and processes as deemed appropriate by senior leadership team
- Prepare and present monthly financial budgeting reports; monthly profit and loss by region, forecast vs. budget by division and weekly cash flow by division
- Review and analyze monthly financial results and provide recommendations
- Identify, develop and execute analysis of business initiatives, product launches and /or new service offerings
- Oversee preparation of monthly, quarterly and annual financial statements
- Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation
- Serve as a key point of contact for external auditors; Manage preparation and support of all external audits
- Explore new investment opportunities and provide recommendations on potential returns and risks
- Maintain outstanding banking relationships and strategic alliances with vendors and business partners
- Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets
- Deliver presentations and serve as a main point of contact to banks, lenders, financial partners, institutions, investors, auditors and officials
- Remain current on audit best practices, and state, federal and local law regarding company operations
Qualification
- Master's degree in business administration, Accounting, or Finance required.
- Certified Public Accountant designation preferred.
- Eight to ten years of experience in financial management required.
Travel required
- Up to 25% - 50% travel, by car to assigned local Centers that we currently provide services in or will be providing services in the future, based on the region
