Chief Financial Officer

Management San Mateo, California


Description

Position Title:                    Chief Financial Officer
Program/Dept:                 Corporate Administration
Reports to:                        CEO
Classification:                   Regular, Full-Time, Exempt
Salary Range:                    DOE + Full Benefits Package                                                     

 

Agency Description:   Founded in San Mateo, California, in 1964, Caminar’s thriving programs and services serve more than 14,000 individuals annually across San Mateo, Santa Clara, San Francisco, Solano, and Butte Counties. Our nonprofit organization’s portfolio of behavioral health and supportive services empowers and supports individuals and families to move toward resilience, wellness, and independence. And, we are expanding our capacity to address the increasingly complex needs of individuals and families.

 

Position Description:      The Chief Financial Officer (CFO) is responsible for directing the fiscal functions of Caminar in accordance with all applicable federal and state regulations, and in accordance with best financial management techniques and practices appropriate within the industry. The CFO is primarily responsible for managing the strategic financial planning of Caminar, financial analyses, financial reporting and record-keeping, as well as serving as a strategic partner and advisor to the CEO. This position reports directly to the Caminar CEO.

 

Essential Duties & Responsibilities:                         

  • Under the direction of the CEO and in collaboration with the COO and Executive Leadership, develops financial strategy for the organization.
  • Drives and manages the financial planning and budgeting processes.
  • Proposes action plans to ensure that annual financial objectives are achieved.
  • Directs the operations of the Revenue Cycle to ensure that accounts receivable are collected timely and uncompensated care is kept to a minimum. Strives to achieve goals for cash collections and AR days and to reduce bad debt and denials. Routinely reviews revenue cycle metrics to proactively identify and address issues affecting overall performance.
  • Is actively involved in ensuring Front End Revenue Cycle processes are in place including ensuring the insurance verification is completed on 100% of patients, working with the Financial Counselor to ensure proper determination of patient portions and approval of any discounts or charity and proper logging of upfront collections.
  • Maintains a thorough working knowledge of federal, state and managed care reimbursement methodologies to ensure that Caminar is paid accurately and revenue
  • Collaborates actively with the COO, Regional Executive Directors and Director of IT to develop value based metrics required in reimbursement methodology of public and private insurance/payors
  • Collaborates with the Chief Development Officer and CEO to plan and collect revenue from development and fundraising opportunities. Collaborates with Program leadership in supporting grant management and reporting activities.
  • Effectively and clearly communicates potential risks in a timely manner to the CEO and the Board of Directors
  • Provides timely and accurate analyses of budgets, financial reports and financial trends to assist the CEO, and other senior managers in performing their responsibilities. Advises management on how to increase revenue and reduce costs on a monthly basis through use of variance reporting and associated management activities to improve performance on budget.
  • Direct and manage the finance and accounting teams
  • Manages financial controls and accounting procedures. Develops and maintains systems of internal financial controls and adherence to accounting principles and procedures.
  • Works closely and transparently with all external partners including audit firm, banking institutions, financial and other consultants, as well as vendors. Ensures full transparency over the financial performance of Caminar
  • Directs cash flow planning, investment, asset management, and ensures availability of funds. Ensures cash flow is appropriate for the organizations' operations.
  • Develops a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
  • Ensures timeliness and accuracy of monthly and annual financial statements, including developing financial metrics and reports.
  • Ensures appropriate financial policies and procedures are developed based on best practices for fiscal functions and performance, and ensures policies and procedures are followed.
  • Monitors financial performance by measuring and analyzing results; initiating corrective actions; and minimizing the impact of variances.
  • Negotiates and maintains leases and contracts.
  • Perform other related duties, responsibilities and special projects as assigned.

 

Requirements, Qualifications, Skills & Abilities:

  • Must be passionate about Caminar's mission.
  • Master’s degree in Finance, Business Administration, Accounting or related field is required.
  • Ten years of financial experience, including significant senior level financial management experience, with responsibility for day-to-day oversight of financial operations for a medium to large organization, as well as demonstrated strategic and tactical leadership on all matters that relate to financial and budgetary matters. Non-profit experience in a health or behavioral health care organization is a plus.
  • An equivalent combination of education, training and experience that provides the required knowledge, skills, and abilities may be considered. Knowledge of the principles, procedures, techniques, trends, and literature related to finance, budgeting and accounting;
  • Must be results-oriented, strategic thinker and planner with strong financial planning skills;
  • Advanced computer skills, including proficiency in MS Office and financial reporting software;
  • Knowledge of principles and processes for providing fiscal management of an organization. This includes resource management, needs assessment, best practices development and implementation;
  • In depth knowledge of financial regulations and risk management practices;
  • Strategic thinker with highly developed critical thinking skills;
  • Ability to analyze situations accurately and develop appropriate responses or techniques;
  • Ability to manage full-cycle budget processes;
  • Excellent communication skills and ability to effectively communicate and relay information to others;

 

Physical, Environmental and Mental Requirements:

  • Physical: Occasionally required to push/pull objects up to 50 lbs, and to lift/carry objects up to 25 lbs. Frequently required to perform moderately difficult manipulative tasks such as typing, writing, etc. Must be able to walk, stand, sit for extended periods.
  • Sensory: Frequently required to read documents, written reports, and plans. Must be able to distinguish normal sounds with some background noise, as in answering the phone, interacting with residents and staff, etc. Must be able to speak clearly and understand/be understood using the English language.
  • Cognitive: Frequently required to concentrate on moderate detail with constant interruption. Must be able to attend to a task/function for 20-45 minutes at a time. Frequently required to understand and relate to specific ideas, several at a time. Must be able to remember multiple tasks/assignments given to self and others over a period of several days.
  • Environmental Conditions: Frequent exposure to varied office and mixed (residential/office) environments. Occasional exposure to toxins and poisonous substances, dust, and loud noises.
  • Equipment: Frequently required to use a computer, phone, and fax machine.

 

Special Requirements:

  • Must be able to meet and receive a criminal records clearance, as required by Title XXII, other licensing regulations, and Caminar practices.
  • This position requires frequent driving. A valid California driver license, reliable personal vehicle, current personal auto insurance as required by law, and an MVR sufficient to obtain and reasonably maintain insurability under agency auto liability policies are all essential job requirements.
  • Must be able to pass post offer, pre-employment medical and drug tests as required under State Community Care Licensing regulations and/or agency policies
  • Must obtain and maintain First Aid and CPR certification.

 

Caminar is a leader in providing innovative client-oriented mental health services.  We are an equal opportunity employer.  Please visit our web site at www.caminar.org