Chief Financial Officer

Company: Laguna Healthcare Corporation
Location: Albuquerque
Posted on: April 1, 2025

Job Description:

POSITION SUMMARYThe Chief Financial Officer (CFO) is a key executive leadership position responsible for overseeing all financial operations of the corporation ensuring strategic goals, objectives and standards are met. The CFO will direct budgeting, financial planning/forecasting, financial/grant reporting, accounting/purchasing functions, payroll, revenue cycle, purchased referred care, information technology, facilities and risk programs. In addition, the CFO will supervise the accounting team, ensuring compliance, clean audits and streamlined operations of billing, collections, payroll, and general accounting. Will develop policies and procedures to ensure compliance with funding and other regulatory agencies.ESSENTIAL FUNCTIONS

• Oversee all aspects of financial management for the health center, including budgeting, forecasting, financial reporting, investment, fixed asset, inventory and cash flow management.
• Develop and implement financial strategies and policies that support the health center's mission, goals, and long-term sustainability.
• Provide leadership and strategic guidance to the CEO and Board of Directors regarding financial performance and long-term financial planning. Prepare financial forecasts and scenario analyses to support decision-making related to expansion, investment or operational changes. Prepare and present financial reports to finance committee and Board of Directors.
• Develop financial strategies by forecasting capital, facilities and workforce planning/staff requirements in collaboration with senior leadership team.
• Prepare monthly, quarterly, and annual financial reports, including balance sheets, income statements, cash flow projections and monthly closing.
• Lead the annual budget process, working closely with department heads and CEO to create a comprehensive budget that aligns with the center's goals and funding. Monitor financial performance against the budget, providing regular updates to leadership and the Board of Directors. Assist managers with planning for capital budget expenditures.
• Evaluate internal and financial controls; direct improvements necessary including opportunities for education and awareness for managers and employees.
• Ensure compliance with Title I and/or Title V Self-governance compact as well as all Tribal, local, State, and Federal laws and regulations that relate to Indian Health Services (IHS) Tribal financial reporting, grant accounting, contract compliance and purchasing.
• Provide oversight and organize the annual financial and other audits, as necessary.
• Provide regular review and updates to financial policies. Responsible for the drafting of financial policy recommendations and ensure that all employees are well-informed and trained on finance/procurement policies.
• Responsible for the oversight of the procurement of goods and services in compliance with company policy and procedures as well as any other requirements associated with grants and contracts.
• Oversee revenue cycle and purchased referred care operations including insurance verification, coding, billing, collections, and vendor payments. Analyze reimbursement rates, payment trends, and payer contracts to ensure the health center is maximizing revenue opportunities. Develop and implement strategies to improve collections and reduce accounts receivable aging.
• Assist in identifying and securing financing opportunities for the health center, including grants, loans, and other funding sources as needed.
• Direct facilities and information technology planning needs; provide leadership on construction projects as well as upgrades and enhancements to facilities and IT infrastructure including RFPs and vendor negotiations. Review and provide for adequate property/commercial liability and workers compensation insurance.
• Manage professional and support staff; guide, train and coach employees; provide performance feedback on routine basis and conduct required performance evaluations. Hire and develop staff; coordinate training, orientation and continuing education of staff; counsel and implement corrective action, as necessary.MINIMUM QUALIFICATIONSFive (5) years of financial management and general accounting experience including internal auditing, general ledger/fund accounting, cash/investment management and internal controls. Knowledge in developing financial strategies and business financing. Three (3) years of experience in leadership role in healthcare finance preferably in a tribal/rural healthcare setting. Experience supervising accounting/revenue cycle staff, including coding, billing and collections. Strong understanding of healthcare reimbursement and payer regulations. The ideal candidate will have a strong understanding of healthcare finance, as well as the unique financial challenges of tribal health center operations.Bachelor Degree in Finance, Accounting, Business Administration, Healthcare Administration or related field from an accredited college or university. Master Degree in related field preferred.Must possess Certified Public Accountant (CPA), Certified Management Accountant (CMA) or Tribal Finance Manager Certification (TFMC) or related healthcare financial certification OR obtain within two (2) years from date of hire.KNOWLEDGE, SKILLS AND ABILITIES
• Extensive knowledge of grants management, Tribal government, fund/business accounting, general accepted accounting principles (GAAP) and auditing standards and practices.
• Skill in financial forecasting, revenue cycle/3rd party revenues, budget preparation and fiscal management.
• Skill in examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures.
• Knowledge of organization structure, workflow, and operating procedures within a fast-paced medical delivery system.
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Keywords: Laguna Healthcare Corporation, Albuquerque , Chief Financial Officer, Accounting, Auditing , Albuquerque, New Mexico