Chief Financial Officer

Reports To: Chief Executive Officer

JOB DESCRIPTION SUMMARY

The Chief Financial Officer (CFO) is responsible for overseeing the financial operations of Hospice of Acadiana, Inc. This includes managing the organization’s budget, payroll allocations for financial reporting, financial reports, and cash flow. The CFO supervises employees within the business department and ensures efficient workflow. They regularly provide financial reports to the CEO. Additionally, the CFO keeps the Leadership Team and all-staff informed of the organization’s financial health and ensures compliance with relevant laws and regulations.

ESSENTIAL JOB FUNCTIONS/RESPONSIBILITIES

1. Directs all daily financial business operations and implements financial policies, accounting system, and cost controls.
2. Directs the implementation of improved work methods and procedures to ensure financial record systems are maintained in accordance with generally accepted accounting principles and in compliance with local, state, and federal laws and accreditation standards.
3. Directs the management of all accounting information systems including payroll, accounts payable, accounts receivable, general ledger, financial reporting, and statistical reporting systems.
4. Ensures maximum third-party reimbursement through efficient billing and collections operations, effective accounts receivable management, and a thorough understanding of cost reimbursement principles.
5. Prepares the annual budget, monitors allocation of funds within budgetary limitations, prepares budget variation reports for the review and approval of the CEO and Governing Body.
6. Protects the assets of the organization through effective internal controls, internal auditing, insurance coverage, and direct supervision of financial operations.
7. Ensures proper utilization of organization resources through control of cash disbursements through an effective accounts payable system.
8. Prepares and files periodic financial statements for internal users, authorized third parties, and regulatory agencies on an ongoing basis.
9. Evaluates financial provisions of proposed contracts and agreements for provision of services to optimize financial viability of the agreements.
10. Gathers, collates, and reports key operating statistics through the effective utilization of information systems.
11. Provides leadership in strategic financial planning including identifying opportunities for improved fiscal viability.
12. Responsible for preparing the annual Medicare cost report and serves as the organization liaison to the Medical fiscal intermediary.
13. Prepares and reports all applicable federal, state, and local taxes.
14. Prepares the financial component of the annual report on organizational activity.
15. Works with HR to ensure accurate reporting of payroll practices and collaborates with other members of the management team in establishing personnel policies that assures compliance with state and federal regulations, including wages, salaries, and benefit regulations.
16. Acts as the financial liaison to the Governing Body.
17. Recruits, selects, and orients new personnel and arranges for in-service education as appropriate.
18. Leads strategic initiatives to improve productivity, automation, and utilization of accounting software systems, drives efficiencies within the Finance department. Develops and implements tools and systems to provide critical financial and operational information.
19. Assists with other special projects as requested by the CEO.
20. Directs the management and efficiencies of all Revenue Cycle procedures to assure accuracy and compliance in all charge capture processes for the entire organization.

The above statements are intended to be a representative summary of the major duties and responsibilities performed by incumbents of this job. The incumbents may be requested to perform job-related tasks or special projects, other than those stated in this description, by supervisors/Leadership Team.