Job description

Finance Director – Contractor

Philadelphia, PA

Job description

Finance Director Job Description

SUMMARY: The Finance Director acts as the Chief Financial Officer (CFO) of the organization and works closely with the Chief Executive Officer (CEO)/Executive Director (ED). The Finance Director is the lead accounting control professional responsible for preparing the annual budget and oversees organizational budgeting process, grants administration, financial reporting, 401(k) plan administration, benefits analysis, reconciliations of general ledger accounts, financial tracking and analysis, and other financial tasks to ensure the accuracy and timeliness of accounting records and financial reports in compliance with generally accepted accounting principles (GAAP). The Finance Director reports to the CEO/ED and works collaboratively as a part of the accounting and finance staff.

Essential Functions

The Finance Director is responsible for the following areas of fiscal control:

• ***Prepares the quarterly MCO wrap-around report for submission to DHS, in collaboration with the Billing Manager.
• Management of Revenue Cycle Management function: Partners with the Billing Manager and billing specialists to maximize all third-party and patient payment reimbursement. Works with the Billing Manager to review billing systems, accounts receivable reports, and develop and implement best practices to further develop billing operations for all healthcare billing (medical, behavioral health, dental reimbursement, etc.)
• Grants administration and financial reporting.
• Administers federal grants such as the 330 FQHC.
• Leads monthly closing process and the preparation of monthly internal financial reports.
• Ensures compliance with Federal/HRSA, State, Local, and other grant requirements relative to third party billing, collections and program funded services.
• Maintains current knowledge regarding today’s healthcare environment, managed care organizations, behavioral health, and federal health services programs.
• Establishes and maintains accounting/billing policies and procedures in accordance with GAAP and other governmental regulations.
• Analyzes and reconciles general ledger accounts throughout the year with data and reports from the patient billing systems, the donor database, the dispensary, and other activities as needed for financial soundness and solvency.
• Ensures that the necessary records and documentation to support annual audit are maintained and provided to auditors.
• Evaluates the financial effectiveness of current operations and planning for the future and long-term investment decisions.
• Create fiscal control, budgeting and finance policies and procedures.
• Conducts studies, performs high-level financial analysis, and carries out other special projects as directed by CEO/ED.
• Oversees in conjunction with CEO/ED, the organization’s working capital management including assets such as cash, marketable securities, receivables, and inventories ensuring operational effectiveness to reduce costs.
• Responsible for strategic negotiation of managed care and other contracts.
• Facilitates the obtaining of signatures on all contracts and monitors contracts while monitoring necessary updates needed for managed care organizations and third-party payers.
• Assesses and monitors all financial transactions that take place to support the SHC business operations and control of financial risks. Maintains all necessary fiscal controls, policies, and procedures to ensure that funds are used for the purposes intended and alerts CEO/ED and other appropriate staff to any problems or irregularities.
• Coordinates all internal and external audit activities.
• Initiates research processes related to budget variances and conducts benefits analysis, 401K Plan administration and financial analysis of employee benefits plan, etc.
• Administers all aspects of the 403(b) plan, including withholding and remitting payments on a timely and accurate basis; coordinating proper reporting with outside pension administrator; and coordinating regulatory filings
• Knowledge, Skills, And Abilities

Bachelor’s degree or higher in Accounting or Finance, required, CPA preferred

.

3-5 years’ experience with PA State Wrap report.

3-5 Years Payroll and Benefits Administration Experience, Preferred

4-6 years relevant experience in Finance Director role, preferably with an FQHC or nonprofit.

Strong organizational skills and ability to multitask; attention to detail, precision and accuracy working with figures.

Strong written and oral communication skills. Must speak English.

Proficiency in Microsoft Office products, particularly Excel and accounting software.

Experience with local, state and federal audits.

Experience in Nonprofit Accounting and Software Preferred

Estimated pay range

Salary: $90,000 - $120,000 annually

Job Type: Full-time

Physical setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

COVID-19 considerations:

Per state law healthcare staff must have COVID-19 vaccination. Wearing masks are required at the health center.

Education:

• Master's (Required)

Experience:

• Accounting: 3 years (Preferred)
• MS Excel: 10 years (Required)

License/Certification:

• CPA (Preferred)

Work Location: In person

Job Type: Full-time

Pay: $90,000.00 - $120,000.00 per year

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Work Location: In person

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