Market Finance Officer

Summary of Position

The Regional Finance Officer reports to the Centerstone America (parent company) Vice President of Finance, is a senior member of the Centerstone regional SBU leadership team, and provides and presents reports to the SBU finance committee of the board of directors. The Regional Finance Officer position is the senior finance officer in the SBU/region. He/she is directly accountable for the administrative and financial management operations of Centerstone SBU/region, to include the development of financial and operational strategies in collaboration with the company's CEO and senior operations leadership, metrics tied to those strategies and the ongoing development and monitoring of control systems designed to preserve company assets and report financial results. The Regional Finance Officer oversees the local accounting/finance and revenue cycle teams. The Regional Finance Officer also works closely with the Centerstone America finance staff, as well as his/her colleagues in the other Centerstone operating companies.

Essential Duties & Responsibilities

Planning

• Assist in formulating the company's future direction and supporting tactical initiatives, working closely with the CEO, COO, CAO as well as Vice Presidents and Directors.
• Assist in the development and implementation of strategic business plans.
• Manage the capital request and budgeting processes.
• Develop performance measures that support the company's strategic direction.
• Maintain advance knowledge and awareness of healthcare and behavioral healthcare industries, through trade publications, financial market reports, and conferences and seminars.

Operations

• Participate in key decisions as a member of the executive management team.
• Maintain in-depth relations with all members of the management team.
• Work in cooperation with other management staff to assure smooth continuum of services within the organization, including participation in management team meetings, financial strategic planning, and assessment of financial risk management initiatives and maintenance of financial policy compliance.
• Ensures that the organization remains focused on performance against approved budgets, and works closely with the CEO, COO and CAO to develop performance improvement plans when needed.
• Analyzes operations to identify opportunities and areas or programs that need to be reorganized, down-sized or eliminated.
• Manage the accounting department, including all contract, grant and other receivables.
• Coordinate with the enterprise Vice President for Revenue Cycle regarding the management of the fee-for service accounts receivables function; monitor results and identify issues needing attention.
• Meet with management staff, as needed, to provide fiscal analysis of programmatic operations including concerns about possible remedies.
• Assist executive leadership in evaluating and performing financial analysis of new business opportunities or enhancements of existing programs.
• Coordinate with human resources, information technology, analytics, legal and treasury departments.
• Oversee the financial operations of Centerstone SBU/region and its subsidiaries.
• Manage any third parties to whom finance functions have been outsourced.
• Implement operational best practices.
• Assist or supervise affiliation/merger due diligence and assist in the negotiation of such transactions.
• Maintain an outstanding customer service, cooperative working relationship with funding agencies; meet with representatives as needed to discuss budgets and general financial operations.
• Maintain a system of internal accounting controls and continuously monitor the compliance with such controls.
• Represents and advocates for the company in meetings with regulatory officials, trade organizations, and representatives of the healthcare industry, private non-profit organizations and financial institutions.
• Develops and enhances the financial skills of operations leaders through trainings, individual coaching, and other means.

Financial Information

• Develops, tests, implements and maintains policies and procedures relating to maintenance of accurate accounting records and reports, including reports utilized by operations leaders and their management teams, to evaluate the financial performance of the entity's programs.
• Develop and maintain an effective budget process, working closely with Centerstone SBU/region senior operations leadership, that provides accurate and realistic goals for the organization and against which actual operating performance can be reported and evaluated.
• Personally review and approve filings with the Internal Revenue Service, and State and Federal governments.
• Report financial results to the Centerstone SBU/region senior leadership and the enterprise Chief Financial Officer.
• Assist executive management, principally the CEO and COO in the preparation of the monthly financial management report (attestation) and in the monthly business review with the enterprise COO and CFO.
• Assure accurate completion (in accordance with generally accepted accounting principles) and appropriate dissemination of multi-Corporation fiscal reports, including but not limited to monthly profit and loss statements, budget reports, depreciation schedules and quarterly treasury reports for presentation to responsible parties.
• Assure all required fiscal reports are filed with funding/other agencies on a timely basis.

Fee-for-Service Billing

• Supervises the fee-for-service billing team.
• Ensures bills are submitted timely with a high clean claims rate.
• Ensures denials are worked on a timely basis.
• Oversees accounts receivable aging and monitors days sales outstanding metric.

Risk Management

• Understand and mitigate key elements of the company's risk profile.
• Monitor all open legal issues involving the company and legal issues affecting the industry.
• Facilitate compliance with all legal and regulatory requirements.
• Ensure that record keeping meets the requirements of auditors and government agencies.
• Report risk issues to the America Chief Financial Officer, the Compliance Officer and/or the Chief Executive Officer (as appropriate).
• Maintain relations with external auditors and investigate and address their findings and recommendations.

Funding

• Monitor cash balances and cash forecasts.
• Coordinate any entity specific bank financing through the enterprise Chief Financial Officer.
• Audit profit and loss statements to identify irregularities and comply with funding source guidelines.
• Ensure resolution and appropriate corrective action is taken as a result of monitoring/audit visits by grants or any findings as a result of independent audit.

Qualifications

• Bachelor's degree in Accounting, Business Administration, or other relevant field is required.
• Ten years of progressively responsible experience for major company or division of a large corporation in the healthcare industry required.
• Certified Public Accountant is required.
• MBA in Finance, or Certified Management Accountant preferred.
• Should have experience in partnering with an executive team.
• Strong verbal and written communication skills, including the ability to engage, lead and partner with a broad range of stakeholders.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Ability to organize accounting, revenue cycle and facilities teams to achieve optimal performance and results in a cost effective manner; and ability to periodically re-evaluate team structures and make changes as needed to meet the organization's needs.
• Ability to develop the finance team to promote succession planning, retention and skill/career development.
• Excellent analytical skills.
• Commitment to operating with transparency and integrity.