Chief Financial Officer

STERLING HEALTH SOLUTIONS INC•Mount Sterling, KY

About The Position

The Chief Financial Officer (CFO) provides strategic and operational leadership for all financial matters of Sterling Health Care, a nonprofit community healthcare organization. Reporting directly to the CEO/Executive Director and serving as a key member of the Executive Leadership Team, the CFO works with the CEO and Board of Directors to support financial health, strategic goals, and long-term sustainability. The CFO oversees finance, accounting, and billing functions; provides financial guidance for organizational decision-making; and leads the Accounting Department and assigned staff. The role includes financial planning and analysis, budget development, accounting and reporting, audits and regulatory filings, revenue cycle oversight, and relationships with financial partners. The position is full-time and exempt. Occasional evening and weekend work may be required based on operational needs, and travel between health center sites is required.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, or a closely related field from an accredited college or university.
At least 10 years of progressively responsible financial management experience, including at least 5 years as a CFO or in an equivalent senior financial leadership role.
Demonstrated experience partnering with executive leadership to develop and implement financial management strategies.
Extensive knowledge of nonprofit accounting, including fund and grant accounting, financial compliance, and reporting requirements.
Knowledge of healthcare financial operations, reimbursement methodologies, and revenue cycle management.
Experience working with managed care organizations and Medicaid payers.
Strong management and supervisory skills, including recruitment, staff development, coaching, performance management, and employee accountability.
Experience collaborating with information technology staff and vendors on the implementation, maintenance, and effective use of financial and accounting systems.
High proficiency in Microsoft Office applications, including advanced proficiency in Excel.
Demonstrated experience interpreting financial data and presenting financial information, forecasts, and recommendations to executive leadership and governing boards.
Excellent written and verbal communication skills, including the ability to explain complex financial information to financial and non-financial audiences.
Strong leadership, team-building, decision-making, interpersonal, organizational, analytical, critical-thinking, problem-solving, and abstract reasoning skills.
Ability to establish effective working relationships across departments and organizational levels and maintain a strong customer service focus.
Ability to analyze complex financial information, identify trends and risks, and develop recommendations and solutions.
Ability to manage multiple priorities and deadlines in a fast-paced, continually changing healthcare environment.
Ability to exercise sound judgment, discretion, and confidentiality when handling sensitive information.

Nice To Haves

Experience in a community health center, FQHC, nonprofit healthcare organization, or similar healthcare setting.
Knowledge of healthcare practice management systems and electronic health record (EHR) systems.
Certified Public Accountant (CPA) designation.
Advanced degree in Accounting, Finance, Business Administration, Healthcare Administration, or a related field.
Prior financial leadership experience within an FQHC or nonprofit community healthcare organization.

Responsibilities

Provide strategic leadership and oversight for financial operations and the organization’s fiscal health.
Manage cash-flow planning, cash management, investments, and organizational assets; develop financing strategies and banking relationships.
Develop and use financial models, forecasts, and activity-based analyses to evaluate performance and support decisions.
Monitor financial performance and risks, recommend strategies, and evaluate the financial implications of programs, services, capital investments, and other initiatives.
Lead preparation of annual operating and capital budgets, financial business plans, forecasts, projections, and long-term financial strategies.
Develop, implement, and maintain financial policies, procedures, systems, and controls.
Support organizational strategic planning and growth initiatives, and work with the Board Finance Committee on financial performance, plans, budgets, investment strategies, and business plans.
Prepare and present financial information to the CEO, Executive Leadership Team, Finance Committee, Board of Directors, and other relevant parties.
Maintain relationships with financial institutions, investment managers, auditors, attorneys, vendors, public officials, and other external parties.
Keep current on laws, regulations, funding requirements, and financial requirements affecting nonprofit healthcare organizations and FQHCs.
Lead and oversee the Accounting Department and ensure the integrity of accounting systems, records, controls, practices, and procedures.
Ensure compliance with financial and reporting requirements and the timely, accurate, and consistent preparation of financial and management reports.
Oversee monthly, quarterly, and annual financial statements; monitor budget-to-actual performance; investigate variances; and recommend actions.
Coordinate and participate in annual and other required audits, reviews, and financial examinations; oversee external auditor and consultant relationships.
Ensure timely and accurate preparation and filing of tax returns, financial reports, and regulatory filings.
Provide executive oversight of billing and revenue cycle functions, monitor related financial and operational indicators, and develop strategies to improve revenue cycle effectiveness and efficiency.
Partner with senior, operational, and clinical leadership to assess revenue cycle performance and address processes affecting reimbursement and organizational revenue.
Promote consistent financial practices and accountability across departments.
Advise the CEO on financial strategy, organizational risk, fiscal sustainability, and growth and improvement opportunities.
Direct, develop, and support assigned staff; establish priorities and align departmental objectives with organizational strategic goals.
Collaborate with clinical, operational, administrative, and executive leaders, and maintain the confidentiality and security of sensitive information.
Perform other duties and responsibilities as assigned.