The Chief Financial Officer (CFO) is responsible for directing the fiscal functions of the organization in accordance with generally accepted accounting principles and cost reimbursement principles relating to the DSRIP Performing Provider Systems and in keeping with goals and objectives of the organization. The CFO directly assists the Senior Leadership Team (SLT) on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and preparation for Value Based Payment (VBP), and the organization’s transition to a post-DSRIP sustainable business model.
Job Duties and Responsibilities
- Plan, develop, organize, implement, direct and evaluate organizational fiscal policies/functions;
- Lead the development of the organization’s financial plans and programs;
- Develop and advise on cost and reimbursement strategies, financial statements, cash flow analysis, spend plans, and reports to the Department of Health;
- Ensure continual improvement of timeliness and accuracy of the agency's cash flow and management of payment processes;
- Make strategic decisions on financial and leadership issues affecting the organization, e.g., evaluation of potential alliances and financial sustainability;
- Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position;
- Attend Board and Subcommittee meetings as indicated; including being available to the Audit/Finance Committee;
- Serve as administrator and oversee the organization's Retirement Plan and Investments;
- Oversee and manage annual W2s, 1099s, tax returns, business insurance, health insurance, and external, Independent Assessor and other fiscal audits;
- Review and approve biweekly payroll and quarterly tax returns, including Form 941, Form 940, and NYS-45;
- Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.