Chief Financial Officer

FLSA Status: Exempt                               Reports to: CEO

Job Summary:

The Oxbow Center Chief Financial Officer (CFO) will play a key leadership role in our organization, overseeing all financial aspects and contributing to strategic decision-making. The CFO is responsible for managing financial planning, analysis, reporting, and compliance, ensuring the organization's financial health and sustainability.

Essential Functions:

• Provide strategic financial leadership and direction to all centers, ensuring the overall fiscal responsibility of Oxbow Center.
• Prepares annual operating budget and participates in the annual strategic planning process.
  • Assists Directors in the development of departmental budgets, and monitors, interprets and analyzes financial performance by service line.
• Provides ongoing analysis of variances from budget and assists Oxbow Center CEO in implementing changes needed to achieve budget goals.
• Directs the operations of the Revenue Cycle to ensure that accounts receivable is collected timely and that uncompensated care is kept to a minimum.
• Oversees the AR (accounts receivable) and AP (accounts payable) processes at each Oxbow Center location.
• Works collaboratively with Oxbow Center Directors in the development of Oxbow Center county operational plans and objectives.
  • Service demand analysis
• Resources availability analyses
• Cost-Benefit analyses of any proposed capital and staff expansions.
• Works collaboratively with Billing/Revenue Cycle Coordinator to routinely reviews revenue cycle metrics to proactively identify and address issues affecting overall financial performance.
• Trains Program Directors on various financial matters and provides routine feedback regarding Oxbow Center financial department performance.
• Develop and manage long and short range operational and capital budgets, identify trends and potential business opportunities.
• Ensures that all balance sheet accounts are reconciled on a monthly basis and in compliance with company policy and standards.
  • Any outstanding variance are identified and corrected timely.
• Facilitates preparation of any required cost reports.
• Identify and assess financial risks, proposing mitigation strategies as necessary.
• Implement and maintain effective internal controls to safeguard company assets.
• Working with Oxbow Center CEO, evaluate the adequacy of insurance coverage as it related to organizational risk.
• Negotiate insurance policies and terms to ensure comprehensive coverage.
• Manage cash flow and liquidity, optimizing working capital to support operational needs.
• Work collaboratively with Oxbow Center Directors to develop and implement policies for efficient cash management.
• Ensures that all accounting and business office policies, and internal controls are in place to facilitate a clean audit with no material audit adjustments or deficiencies found.
• Maintains a thorough working knowledge of federal, state and managed care reimbursement methodologies to ensure that Oxbow Center revenue is recorded accurately.
• Ensure compliance with purchase contracts and monitors purchases to ensure that supply costs are kept to budgeted levels.
• Oversee compliance with financial regulations, reporting requirements and third-party payer cost reports.
• In collaboration with the Oxbow Center Leadership Team, build and lead a high-performing finance team, fostering a culture of collaboration and continuous improvement.
  • Develop and implement relevant financial training to pertinent staff.
• Provide mentorship and professional development opportunities for team members.
• Working collaboratively with Oxbow Center Leadership Team, develop, implement and update as needed crisis management and contingency plans.
• Maintains a current knowledge of industry trends and changes and ensures the facility is prepared and compliant.
• Collaborate with the CEO and other executives in identifying and evaluating new service line and funding opportunities.
• Track grant expenses, prepare and submit monthly invoices, generate monthly expense reports for Director overseeing the grant.
• Oversee Wyoming Department of Health data reporting functions through the BHMS and Medicaid systems.
• Complete all Oxbow Center annual mandatory training courses as assigned.
• Other duties as assigned.

Education and Experience:

• Bachelor's Degree in Finance, Accounting, or related field.
  • Master's degree preferred
• Previous CFO level or equivalent experience required.
• Experience within mental health highly preferred.

Required Skills and Abilities:

• Demonstrated ability to produce financial forecasts and analysis.
• Excellent interpersonal skills with demonstrated patience, tact and respect.
• Must have excellent verbal and active listening skills.
• Must have demonstrated attention to detail skills.
• In-depth knowledge of industry best practices and financial regulations.
• Ability to handle confidential and privileged information with extreme professionalism.

Supervisory Responsibilities:

Yes