Chief Financial Officer

Korn Ferry has partnered with is a leading not-for-profit provider of post-acute care, long-term healthcare, hospice and senior housing in Massachusetts.Key ResponsibilitiesServe as the financial leader - providing strategic, long- and short-term direction to the financial and related functions of the organization.Plan, develop, organize, implement, direct and evaluate the organization's fiscal function and performance.Participate in the development of the organization's strategic planProvide strategic financial leadership and support on the evaluation of potential alliances, acquisitions, and investments andor other issues affecting the organization.Evaluate and advise on the impact of long-range planning, introduction of new programsstrategies and regulatory action.Establish credibility throughout the organization and with the Board as an effective developer of solutions to business challenges.Know, understand, incorporate and demonstrate company's mission, vision and values in leadership behavior, practices and decisions.Function as a key business strategy partner for the operations and management staff of company. In this role, the CFO will provide direction and leadership in reviewing the organization's financial affairs and actively pursuing identified strategies and opportunities for operational improvement.Oversee all finance functions, including financial reporting, accounting, payroll and disbursements, operating and capital budget process, strategic financial planning, financial analysis and business office functions.Analyze financial reporting information in a manner that will provide the optimum information on which to base business decisions. Work closely throughout the organization and in particular with the President and senior management team to address cost reduction, work redesign and overall performance improvement affecting company. In addition, the CFO must see the "whole picture" and monitor balance sheet performance, and appropriate capital distribution as part of the capital allocation process.Provide oversight of the preparation of audit ready internal financial statements and lead the annual financial statement audit process to an adjustment free conclusion annually.Lead budgeting efforts to ensure that company processes are efficient, effective and help to support the ownership of managers across the system. Work with administrative leaders in assisting with their operating and capital budgets. Provide variance analysis education and support to operating leaders and others as appropriate.Provide leadership in evaluating new business opportunities such as affiliations or joint municate with and serve as a leader with company's Finance Committee and other appropriate board municate with and build a strong collaborative relationship with the senior management collaboration with the President & CEO and senior management team, develop and oversee operating and capital budgets consistent with the strategic and financial plans of the organization. Verify the integrity of the operating budget by measuring, projecting and analyzing variances and recommending appropriate action to the President and others as municate financial information to senior management, including educating all levels of management about financial issues. Review key financial indicators of occupancy, costs, productivity, etc., with operational leaders and collaboratively work to provide specific recommendations on how to improve performance indicators. Work collaboratively with Senior Leadership to support proactive management of operations and cost control including productivity.Develop, implement, and oversee appropriate financial operating systems, processes, and controls that provide accurate and timely financial information and other external reporting. Ensure appropriate internal controls exist and address any deficiencies noted. Oversee accurate and timely filing of Federal and State tax filings.Monitor the balance sheets and key reconciliations, including cash and debt positions and proactively manage capital spending to ensure it is within budgetProactively evaluate financial results to identify and promote opportunities to improve financial performance.Identify performance trends and future changes. Engage with senior team leaders and management to ensure attainment of financial and strategic goals.Work with executive team to identify, evaluate and make recommendations on new business opportunities.Negotiate or provide input into business transactions, dealings and contractual arrangements including acquisitions, divestitures, joint ventures and other relationships.Provide leadership for strategic financial and capital decision making. Work with executive team to analyze strategic options and lead ROI analyses. Help drive the development of the strategic financial plan and act as the key partner in strategic capital planning and prioritization of investments to ensure strong long-term financial stewardship. Proactively evaluate actual versus forecasted results of strategic capital investments, identify reasons for variation and identify changes needed to further improve results.Responsible for direction, formulation and implementation of finance-related policies and objectives.Responsible for adherence to policies and procedures and ensuring all financial practices are in compliance with applicable government and other regulatory agency requirements, including generally accepted accounting principles.Lead educational programs and provide coaching for leadership, management and associates to strengthen clinical business competency. Ensure highly competent local finance team through ongoing coaching, development plans, assessment of needs and talents and recruitment strategies.Actively participate in company initiatives providing leadership, support and engagement to ensure successful assessment and implementation.Maintain a working knowledge of applicable Federal, State and local laws and regulations specifically including charity care guidelines and other policies and procedures in order to ensure adherence in a manner that reflects honest, ethical and professional behavior.Ensure that company maintains effective and efficient systems of financial management, including:Oversee and monitor payroll, accounts receivables, accounts payable, accounting, purchasing and contract negotiation functions for efficiency and compliance.Direct and coordinate the organization's financial or budget activities to fund operations and increase efficiency.Provide continuous improvement of the budgeting process through education of department managers on financial issues impacting their budgets.Provide timely and accurate analysis of budgets, financial reports and financial trends in order to assist the President and the Board and other senior executives in performing their responsibilities.Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.Develop a reliable cash flow projection process and reporting mechanism which includes minimum cash threshold to meet operating needs.Provide financial insight and expertise to colleagues and all other stakeholders in the organization.Enhance andor develop, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the organization.Provide technical financial advice and knowledge to others within the financial discipline.Serve as an advisor from the financial perspective on any contracts into which the organization may enter.Perform evaluation of the finance division structure and team plan for continual improvement.Mentor individuals for professional and personal growth.Skills and CompetenciesTen years' experience in financial management with progressively increasing responsibility. Experience as a CFO, Vice President or senior-level finance within post-acute healthcare is required.Ability to work collaboratively in a growing, multi-site, not-for-profit, post-acute care health system environment.Excellent customer service orientation skills are necessary in order to deal effectively with various levels of the hospital community including staff, personnel, governance, physicians, patients and community groups.Advanced analytical, financial management and cost control skills are necessary to direct management of financial resources, determine needs for capital equipment, personnel, and expense and revenue budgets.Must be a collaborative, contemporary finance executive with expertise in the areas of finance, contracting, information systems, business operations, strategic planning and joint venturesaffiliations.Able to work well with operational and clinical staff and proactively able to identify and execute partnership opportunities.Experienced in hiring, developing, coaching and promoting staff. One must demonstrate an effective history of retaining and developing high performing teams.Possess excellent presentation and communication skills, with the ability to present information to groups and individuals at all levels of the organization; this should include experience in working with and presenting to boards, and the ability to communicate complex financial information to non-financial professionals.A track record as a shrewd and skilled negotiator.EducationA Bachelor's degree in Business Administration, Accounting or Finance, or related field required.Candidates should ideally possess an MBA andor a Master's degree or Certified Public Accountant (CPA).SE# 510670847

Created: 2025-02-21