Job Information
Zufall Health Center Chief Financial Officer in Dover, New Jersey
Chief Financial Officer
Dover, NJ, USA
Req #10941
Friday, August 23, 2024
Welcome to Zufall Health!
Position Summary
Under the general direction of the President and Chief Executive Officer, the Chief Financial Officer (CFO) establishes and implements financial strategy that enables the organization to reach its objectives. The CFO provides oversight of financial processes including establishing and implementing financial policies and procedures, oversight of general ledger, accounts payable, billing and collections, grants management, and payroll; overseeing compliance with financial practices as it relates to other organizational departments, and other related duties as assigned.
Essential Functions, Duties and Responsibilities
Financial Management:
Provides supervision and overall leadership for the financial transactions of the center.
Responsible for the development and implementation of financial policies, procedures, and controls to ensure compliance with regulations and efficient financial operations.
Direct day-to-day financial activities including accounting, financial reporting, and analysis.
Oversees the preparation of financial statements and reports for internal and external stakeholders.
Responsible for accounting system design and implementation. Maintains the integrity of the chart of accounts across different grants and fiscal year periods.
Oversees cash management and investments in accordance with Health Center policies
Billing and Claims Management:
Oversight of the billing and claims processing functions to optimize revenue cycle management.
Ensures accurate and timely submission of claims to insurance providers and government agencies.
Monitors and analyzes billing trends and collections to identify areas for improvement.
Budgeting and Forecasting:
Prepares ZHC’s federal, operating, capital and grant budgets. Monitor and periodically revises the budgets to support actual expenditures. Reviews, approves and presents management and grant reports.
Leads the annual budgeting process and periodic forecasting activities.
Collaborates with department heads to develop budget guidelines and monitor budget performance throughout the year.
Provides financial projections and analyses to support strategic decision-making.
Board of Directors Financial Committee:
Serves as a key liaison to the Board of Directors and its Finance Committee.
Oversees all phases of the organization’s accounting including the preparation of monthly financial statements and progress reports for the Board.
Presents financial reports, analysis, and strategic recommendations at board meetings.
Collaborates with board members to ensure financial transparency and accountability.
Audit and Compliance:
Responsible for annual audit and ensuring compliance with accounting standards and regulatory requirements.
Ensures compliance with financial reporting to Federal, State and other funding agencies.
Implements and maintains internal controls to safeguard organizational assets and mitigate financial risks.
Proactively recommends appropriate revisions to new or existing policies and procedures to eliminate or reduce risk and to prevent future occurrences.
Participates as a member of appropriate committees and task forces assigned to improve quality and safety, to reduce organizational risk, and to support organization-wide risk management
Ascertains that risks are minimized through follow-up and actions on all regulatory/insurance survey report recommendations/deficiencies. Understands the fiduciary duties to identify, disclose, and manage the organization’s risk.
Other Duties:
Collaborates with human resources on payroll and salary schedules.
Manages, reconciles and ensures compliance with all ERISA laws and requirements of employee benefits.
Along with Chief Operations Officer, ensures that EOB, financial and insurance forms are appropriately maintained and filed in the patient’s medical records.
Collaborates with COO and Pharmacy Manager on cost and inventory control of pharmacy.
Serves as liaison with insurance broker. Monitors and records insurance expenses and coverage.
Performs other related duties as assigned by the Chief Executive Officer.
Knowledge, Skills, and Abilities
Strategic thinker with the ability to provide financial insights to support organizational goals.
Strong understanding of healthcare billing and reimbursement processes.
Demonstrated ability to develop and manage budgets, financial models, and financial reporting systems.
Excellent leadership, verbal and written communication, and interpersonal skills.
Proficient with computers, and knowledge of accounting software applications.
Knowledge of federal programs and community health centers a plus.
Education, Training, and Experience
Bachelor’s degree in Finance, Accounting, Business Administration, or related field. MBA or CPA preferred.
Minimum 5 years’ experience in nonprofit financial management, preferably with health care industry
As a condition of employment, we require that all staff are fully vaccinated against flu. Therefore, if hired during flu season (typically between September-May), all new employees need to be fully vaccinated against flu and are required to provide documentation of receiving flu vaccines upon hire.
Zufall Health an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, medical conditions related to pregnancy or childbirth, protected veteran status, or any other characteristic protected by law. Thank you for taking the time to apply!
Other details
Job Family Non-Clinical
Pay Type Salary
Dover, NJ, USA
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