Chief Financial Officer

Western Washington Medical Group • Full-time • Everett, WA, US • 3m ago

Seeking an executive leader responsible for the overall financial strategy, stability, and operational performance of a healthcare organization. This role involves managing complex revenue cycles, ensuring regulatory compliance, and partnering with clinician leadership to align financial goals with patient care.

Financial Analysis, Budgeting and Forecasting

· Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.

· Prepare and present monthly financial budgeting reports including monthly profit and loss by division, 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.

· Develop and maintain monthly operating budget and annual company operating budget, including actual vs. budget reporting to executive leadership team and Board of Directors.

· Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.

· Participate in weekly conference calls with lenders, vendors and executive leadership team.

Accounting, General Ledger, Administration and Operations

· Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.

· Review and ensure application of appropriate internal controls, SOX compliance and financial procedures.

· Ensure timeliness and accuracy of financial and management reporting data for executive leadership team, lenders, investors and Board of Directors.

· Select and engage consultants and auditors and, as requested, investors.

· Oversee the preparation and communication of weekly, monthly, quarterly and annual financial statements, and quarterly annual reports to investors.

· Oversee the preparation and timely filing of all local, state, federal and international tax returns.

· Work with Human Resources and Legal to ensure appropriate legal and other compliance.

· Oversee and review all month-end closing activities including general ledger accounts, balance sheet accounts, overhead cost allocation, and constantly review closing procedures and eliminate inefficiencies.

· Enhance and implement financial and accounting systems, processes, tools and control systems.

· Hire, develop and manage finance department directors, managers and staff.

· Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.

· Coordinate and strategize methods used to attain team goals with finance functional staff.

Financial Management

· Oversee cash, investments and asset management.

· Explore new investment opportunities and provide recommendations on potential returns and risks.

· Maintain outstanding, collaborative 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.

Financial Relations and Policies

· Engage Board of Directors to develop short-term and long-term plans, projections and budgets.

· Represent company to banks, financial partners, institutions, investors, public auditors and officials.

· Remain current on audit best practices as well as local, state, federal and international laws regarding company operations.

Finance and Accounting Team Management

· Mentor and develop a team of senior managers and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.

· Guide larger, cross-divisional teams outside of direct span of control.

Cash Management

· Manage cash flow planning process and ensure funds availability.

· Oversee weekly cash management and AP Department, establish approval process for payables, including CFO role to sign large checks and authorize large wires and ACHs.

· Supervise accounts receivable management and provide guidance relating to the collection process.

Chief Financial Officer (CFO) – Position Requirements

· Bachelor’s Degree in accounting or Finance preferred, CPA and MBA preferred.

· 8-10 years experience working within a medical group in a financial capacity.

· 5-7 years experience with payer contract negotiation within a medical group or vendor

· Experience with Value-Based Care (VBC) delivery models particularly designing and/or managing the financial incentives/models built within a VBC structure.

· Experience designing, implementing and running physician compensation models within medical groups

· Background in Big 4 or Regional Public Accounting Firm.

· 3-5 years of experience in a senior finance leadership role, 8-10 years total accounting or finance experience.

· Outstanding knowledge and understanding of GAAP, IFRS, SOX compliance and SEC reporting.

“Hands On” ERP Systems Experience

· Outstanding communication and presentation skills.

· Demonstrated leadership ability, confidence and executive presence – ability to motivate staff.

· Excellent analytical, reasoning and problem-solving skills.

· Significant experience working with external auditors, internal controls and healthcare compliance-related issues.

Annual Salary Range: $200,000- $300,000