Chief Financial Officer (CFO)

The W Group • Full-time • Brooklyn, NY, US • $150k - $250k / year • 2d ago

Chief Financial Officer

Position Title: Chief Financial Officer

Reports To: Ownership / Executive Leadership

Employment Type: Full-Time

Position Overview

We are seeking a highly experienced and strategic Chief Financial Officer to oversee the financial operations of a growing medical group. The CFO will be responsible for leading financial strategy, accounting oversight, budgeting, forecasting, cash flow management, revenue cycle analysis, and financial reporting.

The ideal candidate will have strong healthcare finance experience, preferably within a medical group, outpatient healthcare organization, behavioral health setting, or multi-site healthcare operation. This individual should be comfortable working closely with ownership and executive leadership to evaluate financial performance, identify opportunities for growth, improve operational efficiency, and support long-term strategic planning.

Key Responsibilities

Oversee all financial operations, accounting functions, financial reporting, and internal controls.
Prepare, review, and present monthly, quarterly, and annual financial statements and performance reports.
Develop and maintain financial projections, forecasts, annual budgets, and long-term financial plans.
Monitor cash flow, accounts payable, accounts receivable, payroll, banking relationships, and overall financial position.
Partner with leadership to evaluate financial performance across locations, providers, departments, programs, and service lines.
Analyze revenue cycle performance, including billing, collections, denials, payer reimbursement, AR aging, and revenue trends.
Review payer mix, reimbursement rates, provider productivity, and profitability by service line or location.
Develop financial models and profitability analyses for new programs, locations, partnerships, and growth initiatives.
Identify opportunities for cost containment, improved collections, operational efficiency, and stronger financial controls.
Ensure compliance with healthcare financial regulations, billing-related financial requirements, reporting standards, and internal policies.
Supervise accounting staff, finance personnel, billing-related financial reporting, and external accountants or vendors as needed.
Review contracts, vendor agreements, payer-related financial terms, and potential financial risks.
Coordinate audits, tax filings, regulatory financial reporting, and other required financial submissions.
Implement and improve financial systems, accounting processes, reporting structures, and dashboard reporting.
Prepare reports, financial summaries, and presentations for ownership and executive leadership meetings.
Support strategic planning, mergers, acquisitions, expansion opportunities, and organizational growth initiatives.

Qualifications

Bachelor’s degree in Finance, Accounting, Business Administration, or related field required.
CPA, MBA, or advanced financial certification strongly preferred.
Minimum of 7–10 years of senior financial management experience.
Prior experience in healthcare, medical group operations, behavioral health, outpatient healthcare, or multi-site healthcare operations strongly preferred.
Strong understanding of healthcare reimbursement, revenue cycle management, insurance billing, budgeting, forecasting, and financial analytics.
Experience overseeing financial performance across multiple providers, locations, departments, programs, or service lines.
Ability to analyze revenue cycle performance, payer mix, reimbursement rates, provider productivity, profitability, and overall financial trends.
Experience with accounting platforms, healthcare billing systems, EMR-integrated financial reporting, and financial management software.
Experience supporting organizational growth, new service lines, partnerships, mergers, acquisitions, or expansion initiatives preferred.
Strong leadership, communication, organizational, and problem-solving skills.
High attention to detail with the ability to see both the big picture and operational details.
Ability to work in a fast-paced, growth-oriented environment.