Chief Financial Officer

OSMC is growing its teams and we are seeking a Chief Financial Officer. The responsibilities of a Chief Financial Officer ("CFO") is to oversee the financial operations and financial planning of OSMC including revenue cycle management, budgeting, financial statement preparation, cash flow analysis, internal controls, and maintenance of relations with the financial community.

This person is also a key member of the executive management team and provides counsel and direction to the Board of Directors. OSMC ensures there is an excellent work/life balance with a generous benefits package for the organization since our doors opened in 1973. OSMC prides itself on listening to what matters the most, our patients and our staff members. If you want to work at a place where teamwork is proven. A driven company like ours can help you flourish as values and company culture matches your employment search, then do not wait to apply now!

Essential Functions: (This list may not include all the duties assigned)

1. Oversees and directs budgeting, auditing, tax, accounting, purchasing, short and long-range forecasting, and insurance activities for the organization. Participates in strategic planning.

1. Oversees all revenue cycle initiatives and daily management functions in coordination with the Director of Billing.

1. Reviews and analyzes the organization's financial position (short and long-term financial objectives, policies, action, etc.) and keeps CEO, management and the Board informed on financial matters and makes recommendations as needed.
2. Oversees cash, investments, and other assets.
3. Develops and implements financial policies and procedures and ensures compliance with financial and reporting requirements and covenants.
4. Assures implementation of internal controls and accepted accounting procedures.
5. Analyzes costs and makes recommendations to ensure appropriate income/cash flow objectives are met.
6. Prepares annual budget and provides trending and variance analysis.
7. Reviews all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
8. Selects and engages consultants, auditors, and investors. Serves as a key point of contact for external auditors. Manages preparation and support of all external audits.
9. Oversees and directs the preparation and issuance of the organization's financial and statistic reports/statements required by the CEO, Board of Directors, Management Team, and State/Federal regulations.
10. Evaluates all insurance coverages, including corporate, physicians’ malpractice, general property, etc., each year to ensure adequate coverage is in place to protect the organization.
11. Coordinates with other departments’ planning for short- and long-range fiscal needs and ensures that expenditures adhere to legal and budgetary requirements.
12. Ensures appropriate internal controls and audits are in place and operating effectively to ensure the integrity of reporting and to minimize the risk of fraud.
13. Oversees the recruitment, supervision, training, and performance evaluation of the Accounting/Billing department staff.
14. Stays current in their respective field through reading professional literature and attending continuing education offerings, membership and participation in professional organizations, certifications, etc.
15. Attends Executive Committee, Board of Directors and other meetings as required.
16. Co-Chairs Finance Committee and attends meetings as required.
17. Maintains patient confidentiality.
18. Performs related work as required.

Knowledge, Skills, and Abilities:

1. Knowledge of the principles of financial management to direct professional staff and coordinate all aspects involved with fiscal requirements.
2. Knowledge of the organization’s financial and budgetary practices to develop annual budget, analyze financial data and patterns, and prepare financial statements.
3. Knowledge of governmental and health care fiscal regulations/policies, reimbursement practices and reporting requirements.
4. Knowledge and understanding of the organization’s policies and procedures, including HIPAA privacy and security compliance.
5. Knowledge of the principles and practices of employee development to train, delegate, and mentor staff.
6. Knowledge and experience negotiating and developing contracts.
7. Skill in strategic planning and execution, financial planning/modeling, budgeting, cost control, accounting, process improvement and administration.
8. Skill in exercising a high degree of initiative, judgment, discretion and decision-making to achieve objectives.

1. Skill in establishing and maintaining effective working relationships with patients, employees, and the public.
2. Skill in identifying, analyzing, and resolving accounting and/or financial challenges and opportunities.
3. Ability to analyze financial results from operations; complete financial and cash flow forecasts and provide judgement and direction to the CEO based upon that analysis.
4. Ability to effectively present financial and non-financial information to Boards and Committees, employees, at all levels of the organization, and external parties, one-on-one and in small groups.
5. Ability to communicate effectively and clearly.
6. Ability to competently use Microsoft Office, including Word, PowerPoint, Excel and appropriate computerized accounting systems, data processing and database systems and practice management software.

Standard Qualifications:

Education: Bachelor’s degree in accounting or finance. Master’s degree in business administration, accounting or finance preferred. CPA certification required.

Experience: Experience as a CFO, Controller, or Director of Finance, preferably in a healthcare setting. Five to seven years’ supervisory experience in a finance position. Experience working in a physician-oriented facility preferred. General working knowledge of compliance.