Chief Finance Officer

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position SUMMARY:

 

Responsible for the financial operations of the corporation. Develop and administer accounting policies and procedures for several accounting sections, typically the activities of the Corporate Accounting, Accounts Payable, Financial Systems Development, Accounts Receivable, Corporate Cost Reporting and Accounting Data Analytics. Responsible for the preparation and administration of the operating budget and tax returns. Responsible for ensuring compliance and reporting for all local, state and federal grant fund management oversight. Ensure that accounting transactions are recorded and reported accurately and in a timely fashion. Supervise the accounting staff, accounts receivable, and billing staff. Responsible for financing and capital acquisition (and enhancement) activities and financial strategic planning.

 

POSITION-SPECIFIC COMPETENCIES/ESSENTIAL FUNCTIONS/DUTIES & RESPONSIBILITIES

 

• Develop and assist in the preparation of program operating budgets.
• Design and implement internal accounting policies and procedures, in accordance with HRSA grant regulations and GAAP.
• Prepare and articulate corporate cost reporting; explain and make presentations to the board of directors, other fiscal intermediaries and funding agencies.
• Maintain the accounting system utilizing generally accepted accounting principles and techniques to systematically record, present, and interpret financial data.
• Prepare corporate financial statements consisting of the following: corporate assets, liabilities and fund balances; comparative budget to actual revenue and balance sheets which reflect expenditure statements, as well as reporting bad debt write offs, for the fiscal period.
• Assure that all necessary reports for the Governing Board, President/CEO and funding agencies, are completed according to the stipulated standard procedures on a timely basis, as may be required.
• Responsible for the proper recording and system controls for cash receipts, grant drawdowns, cash disbursements, bank transfers, and deposit of clinic receipts. Assure that all monthly financial statements are submitted to the Financial Committee and Board of Directors respectively, within at least two (2) working days, prior to any formally scheduled meeting.
• Assure the reconciling of all corporate account bank statements.
• Assure the review and approval within the finance dept’s accounting software and Accounts Payable check run.
• Review and approve all purchases on behalf of the corporation. Assure that all purchases meet the purchasing guidelines, as adopted by the Board of Directors.
• Timely completion and submission of the Medicare and Medicaid Cost Reports.
• Review cash requirement reports, as it relates to the total accounts payable and availability of cash.
• Coordinate and oversee the preparation and reconciliation of payroll related functions with the Human Resources Manager.
• Directly oversee the Accounting Department, as well as Accounts Receivable, Financial Reporting and Billing Departments. Also, Management Information Systems, payroll, and central supply until such time as these functions are transferred to other appropriate management.

 

POSITION REQUIREMENTS

education: Degree in Accounting/Business Administration from an accredited institution. Considerable knowledge of Accounting principles, practices, and procedures. CPA or

 

CMA required.
experience:A minimum of five (5) years experience in an accounting position, which entails financial systems development, senior management oversight and corporate reporting. Experience should include emphasis on financial operations, maintenance of a central accounting system and budget preparation preferably in a health care or related setting. Must possess management and supervisory experience of at least five (3) years preferably within a healthcare related field or entity.

 

EEO/AA: Milwaukee Health Services provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Milwaukee Health Services complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Milwaukee Health Services, Inc. is an equal opportunity employer.
Milwaukee Health Services, Inc. does not discriminate on the basis of race, color, religion, national origin, sex, age, disability, or veteran status.

 

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