Chief Financial Officer (CFO) in Training

Georgetown Behavioral Health Institute

$100K — $120K *
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, or business administration; CPA or Master's degree preferred.
  • Experience in financial management or significant public accounting in healthcare.
  • Behavioral healthcare experience highly preferred.
  • Proficiency in software packages including Excel and Word.
  • Strong leadership, analytical, and communication skills.

Responsibilities

  • Learn to manage and direct all aspects of the hospital's financial operations.
  • Ensure timely and accurate completion of monthly financial statements.
  • Reconcile balance sheet accounts monthly in compliance with policies.
  • Prepare corporate reports such as Monthly Operating Reports and forecasts.
  • Direct Revenue Cycle operations to optimize cash collections and reduce bad debt.
  • Ensure front-end revenue cycle processes, including patient insurance verification, are in place.
  • Supervise various departments as assigned by the CEO.
  • Prepare annual capital budgets and ensure accurate recording of assets.

Benefits

  • Medical, dental, and vision insurance.
  • Company paid disability coverage.
  • 401(k) retirement plan.
  • Generous paid time off.
Full Job Description
We are looking for an Chief Financial Officer (CFO) in training to join our team.

Responsibilities

  • Responsible for learning the processes and expectations of managing and directing all aspects of the hospital's financial operations, including financial planning and reporting, and treasury management.
  • Ensures that monthly financial statements are completed timely and accurately
  • Ensures that all balance sheet accounts are reconciled on a monthly basis and in compliance with company policies and standards and that any outstanding variances are identified and corrected timely.
  • Prepares corporate required reports (including the Monthly Operating Report, Forecasts) timely and accurately.
  • Directs the operations of the Revenue Cycle to ensure that accounts receivable is collected timely and uncompensated care is kept to a minimum. Strives to achieve goals for cash collections and AR days and to reduce bad debt and denials. Routinely reviews revenue cycle metrics to proactively identify and address issues affecting the overall performance
  • Is actively involved in ensuring Front End Revenue Cycle processes are in place including ensuring the insurance verification is completed on 100% of patients, working with the Financial Counselor to ensure proper determination of patient portions and approval of any discounts or charity and proper logging of upfront collections.
  • Supervises Accounting, Patient Accounting/Business Office, Health Information Management and any other departments assigned by the CEO.
  • Prepares annual capital budgets and Capital Equipment Requests. Ensures assets and related depreciation is recorded accurately and in compliance with company policies
  • Provides financial leadership and guidance to facility managers. Trains managers on financial matters and provides routine feedback regarding department performance
  • Maintains current knowledge of healthcare industry trends and changes and ensures the facility is prepared and in compliance.


Your Impact

As our CFO in training, you will have the opportunity to truly drive change by building working relationships with care professionals and physicians to guarantee patient satisfaction. You are seen as a strategic partner to the CEO and work as a team to optimize operational efficiency across multiple departments.

Requirements

Education & Experience
  • Bachelor of Science in accounting, finance, or business administration. Certified Public Accountant (CPA) or Masters Degree in accounting, finance, or business administration preferred.
  • Previous experience in financial management or significant public accounting experience specifically related to the healthcare industry required.
  • Previous Behavioral healthcare experience highly preferred
  • Experience working with information technology and proficiency with software packages including Excel and Word
  • Demonstrated leadership ability, analytical skills and communication skills


Must possess or obtain a valid CPR certification and certified in facility approved verbal de-escalation and physical crisis management techniques within 30 days of hire and prior to completion of orientation required.

Benefits

Full-time employees are eligible for medical, dental, vision, company paid disability, 401(k) and a generous amount of paid time off.

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