Chief Financial Officer

ZUMBRO VALLEY HEALTH CENTER INC•Rochester, MN

39d

About The Position

The Chief Financial Officer (CFO) provides strategic and operational financial leadership to support the mission and long-term sustainability of Zumbro Valley Health Center. Serving as a key member of executive leadership, the CFO oversees all financial functions, including budgeting, financial reporting, revenue cycle management, compliance, and risk management.

Requirements

Bachelor's degree in accounting or business administration.
Minimum of five years of accounting experience, preferably with a non-profit organization.
Two years' experience or training in administration and supervision.
Management experience and leadership ability.
Demonstrated ability to establish and meeting priorities and goals.
Effective time management skills.
Ability to understand and use a variety of business and accounting related computer software.

Responsibilities

Drive the organization’s financial strategy to align with the broader organization goals and long-term vision, collaborating with other departments to ensure that financial strategies align with the overall strategies of the organization.
Prepares and analyzes financial models and forecasts related to reimbursement, program growth, payer mix, and service utilization to support informed planning and resource allocation.
Identify and assess financial risks that may impact the organization's performance, including reimbursement and other operational risks.
Manage and provide leadership for the financial operations and staff in accordance with the Board approved budget and strategic plan.
Foster a culture of continuous improvement and professional development, providing staff supervision and feedback through the employee performance evaluation processes.
Ensure adequate insurance is maintained on all agency employees and assets.
Ensure that agency funds are invested in accordance with the current investment policy.
Leads contract strategy and rate negotiations with third-party payers, providing financial analysis and recommendations to support sustainable reimbursement, organizational growth, and long-term financial stability.
Represent the agency and coordinate annual audit functions with outside audit vendor ensuring all applicable reports, work papers, journal entries, etc. are prepared and ready for audit work.
Participate in the Board of Directors meeting, the Board of Directors Executive Committee and other Board-level meetings and committees.
Provide executive leadership over CCBHC reimbursement strategy, considering SPA methodologies, rebase and non-rebase years, and payer relationships; ensures deep organizational understanding of CareLogic and revenue cycle processes to strengthen financial oversight, anticipate risk, and support strategic decision-making.
Collaborate and be a strategic thought partner with executive leaders to understand and interpret program-level financials ensuring revenue maximization, expense management, and strategic planning.
Provide executive-level oversight and guidance on agency cost reporting, ensuring maximization of revenue and strategic management of the Prospective Payment System (PPS) rate.
Oversee the compilation and provision of the monthly financial statements to executive leadership, Board Executive Committee, and the Board of Directors.
Directs and prepares annual operating budgets.
Serve as a key resource for grants and purchase of service contracts.
Collaborate with contracted counties to develop purchase of service contracts that meet the needs of the county and are aligned with agency strategies.
Oversee the billing processes to counties and third-party guarantors, ensuring that bills are accurate, timely, and meet ethical and guarantor guidelines.
Oversee and maintain an effective collections process for past due accounts from clients, counties, and agencies.
Approve all write-offs to the profit and loss statements.
Oversee all billing workflow and supervision.