Group Chief Financial Officer

Summit BHC

8d•Remote

About The Position

The Group CFO is an integral member of the senior leadership team, participating in financial and functional decision-making to achieve operational and financial goals. The role directs the analysis and interpretation of financial information across divisions and related activities, supports business plans and budgets, evaluates alternatives, and ensures strong revenue cycle operations. As a senior value-creation leader, the Group CFO partners with the Operations Group President, executive leadership, and private equity sponsors to drive EBITDA growth, cash flow, and return on invested capital. The role provides financial leadership across assigned divisions and facilities, advises Facility CEOs and Division Presidents, maintains regular on-site facility engagement, and builds a high-performing finance organization. It also oversees financial reporting, forecasting, audits and controls, revenue cycle performance, budgeting, capital deployment, growth initiatives, cost management, and M&A integration. The position may be remote, with regularly scheduled visits to the Franklin, Tennessee headquarters. Summit Healthcare Mgmt offers a comprehensive benefit plan and a competitive salary commensurate with experience and qualifications.

Requirements

Bachelor’s degree in accounting or a business discipline with significant financial concentration.
At least nine years of progressive, successful CFO experience in a healthcare setting.
At least two years of previous Division CFO or company Group CFO experience.
Proven financial analysis skills and strong technical accounting and finance skills.
Experience working with information technology and proficiency with software packages, including Excel and Word.
At least five years of management experience in a healthcare setting.

Nice To Haves

Master’s degree preferred.
Previous behavioral healthcare experience highly preferred.
Previous experience with a proprietary healthcare system highly preferred.
CPA preferred.

Responsibilities

Partner with the Operations Group President, executive leadership, and private equity sponsors to drive EBITDA growth, cash flow, and return on invested capital.
Translate operational performance into clear financial insights for sponsors, including performance drivers, risks, and opportunities across divisions and facilities.
Support sponsor reporting with timely, accurate financial packages, forecasts, and variance explanations.
Provide enterprise-level financial leadership across assigned divisions and facilities, promoting consistency, scalability, and financial discipline.
Maintain regular on-site engagement with facilities to assess financial operations, reinforce expectations, identify improvements, and align facility activity with value-creation initiatives.
Advise Facility CEOs and Division Presidents on financial strategy while balancing local execution and enterprise objectives.
Build and strengthen a finance organization that can support growth, operational complexity, and sponsor expectations.
Ensure each division has a qualified Division CFO; participate in recruiting, developing, and retaining Division and Facility CFOs.
Set performance expectations and accountability for finance leaders, including coaching, corrective actions, and performance improvement plans as needed.
Develop finance talent and succession depth.
Oversee the accuracy, timeliness, and integrity of monthly financial statements, forecasts, and management reporting.
Ensure disciplined month-end close and forecasting processes.
Lead preparation for and participation in Monthly Operating Reviews with executive leadership and sponsors, articulating trends, risks, and corrective actions.
Ensure corporate and sponsor-required reports, certifications, and disclosures are accurate and timely.
Maintain a strong internal control environment and consistent application of accounting and business office policies.
Maintain audit readiness and support clean audits without material weaknesses, deficiencies, or unplanned adjustments.
Partner with Internal Audit, Corporate Finance, and external auditors to address findings and strengthen financial governance.
Provide strategic oversight of revenue cycle operations to maximize collections, minimize uncompensated care, and improve working capital.
Review revenue cycle KPIs and trends and address risks affecting EBITDA and cash flow.
Ensure Division and Facility CFOs maintain expertise in federal, state, and managed care reimbursement methodologies relevant to behavioral healthcare.
Oversee revenue recognition, contractual allowance estimates, cost reports, and supplemental reimbursement documentation.
Oversee annual operating budgets and long-range planning, aligning them with sponsor value-creation plans and operational priorities.
Review budgets and forecasts for accuracy, sustainability, and EBITDA impact; provide variance analysis and support corrective actions.
Oversee capital budgeting and capital requests, ensuring disciplined deployment aligned with ROI expectations and sponsor priorities.
Ensure accurate asset capitalization and depreciation under company policy and accounting standards.
Support service development, de novo expansion, and growth initiatives with financial modeling, pro formas, and investment return analysis.
Partner with facility and division leadership on staffing models, productivity benchmarks, and labor strategies that support margin improvement and scalability.
Provide financial insight for cost management while maintaining quality and compliance standards.
Review managed care contracting strategies and business development initiatives to support net revenue optimization and sustainable margins.
Ensure compliance with Group Purchasing Organization contracts and purchasing discipline.
Support M&A integration, operational scaling, and platform standardization as required.
Maintain current knowledge of behavioral healthcare trends, regulatory changes, reimbursement dynamics, and market risks.
Identify and prioritize important issues, including leadership priorities, and collaborate with department and corporate executive leaders as needed.
Communicate instructions, expectations, and timelines clearly and concisely.
Manage staff scheduling to maintain productivity and limit unnecessary overtime or excessive work hours.
Maintain accountability expectations for self and staff.
Engage staff in quality and safety basics to sustain measurable compliance.
Identify staff education needs and ensure they are addressed through attended education programs.
Hold staff accountable for noncompliance, safety concerns, attendance, policy adherence, behavior, and the code of conduct.