CFO/COO NEED FOR HEALTHCARE PROVIDER IN WA, DC!!

The CFO/COO for this healthcare provider in Bethesda, MD is responsible for the day-to-day financial, administrative and back-office affairs of this organization. We are seeking a “right hand” to the CEO, who will assume a hands-on, in the details approach to a variety of activities yet also be a value added partner in evaluating strategic alternatives. The company currently has approximately $10 million of revenues and is expected to continue growing quickly by adding new customer accounts, and potentially through merger opportunities.

Areas of responsibility include accounting / finance / cash flow forecasting, billing and collecting, contracting with third parties, human resources, information technology and scheduling of clinical staff. This is a “roll up your sleeves” position in a fast-paced entrepreneurial environment. The position will initially require performing certain basic accounting functions including journal entries, A/P, payroll, and daily cash analysis, until the size and complexity of the Company justifies adding additional accounting headcount.

The CFO/COO reports to the CEO.
Responsibilities:
The CFO/COO will oversee accounting, financial analysis, risk management, the objective and analytical measurement of company performance, back-office operations, administration and collaborate with the CEO to develop various recommendations for increasing profitability and return on assets. More specific tasks are outlined below:

Finance / Accounting / Revenue Management
- Oversee the billing and collecting team. Use innovation and discipline to ensure timely invoicing, cash application and collections activity.
- Oversee cash management, with particular attention to A/R, A/P and cash flow forecasting
- Produce monthly financial statements for Board, CEO, lenders and management
- Develop and maintain a “dashboard” of key metrics for regular distribution
- Budget, forecast, and track financial performance
- Proactively evaluate key business drivers of growth, profitability, and productivity
- Ensure that timely filing of all tax matters
- Manage relationships with vendors and payers (insurance companies and Medicare).
- Process payroll reports for preparation of payroll by outside service.
- Manage the annual audit process and auditor relationship
- Manage the relationships with the Company’s lenders, and ensure compliance with their various reporting requirements

Administrative / Operations / Other
- Oversee human resources and perform various HR functions as needed.
- Assume responsibility for the Company’s information technology, evaluating capabilities and implementing improvements as needed.
- Ensure compliance with company procedures, programs and government regulations
- Assist CEO in assessing growth initiatives and/or innovative business arrangements
- Contribute to strategic planning by interpreting financial data, highlighting problems and opportunities, and developing innovative ways to measure performance.

Requirements:
Bachelor degree in accounting, finance or business administration.
CPA/CMA preferred.
15+ years relevant experience, with strong accounting background.
Experience in the health industry preferred, but not required.

Critical Competencies and Characteristics for Success:
Strong Accounting Background: The successful candidate will be expected to professionalize the accounting, finance, billing and collecting departments. This hands-on role will require an in-depth understanding of accounting, finance and revenue management.

Detail Oriented: Delving into details of the Company’s financial and administrative affairs should come naturally.

Highly Organized, Able To Multi-Task Effectively: The position will require the balancing of multiple priorities while completing certain tasks on a tight deadline.

Pro-Active Information Gathering and Problem Solving: As the Company’s day-to-day administrative leader, the candidate will be expected to pro-actively project or identify issues, obtain explanations and work with the CEO to quickly implement corrective action, if necessary.

Strong Teamwork Skills: The candidate should possess demonstrated experience in generating respect and trust from staff and external constituencies.

Excellent Communication Skills: Whether negotiating with vendors and payors, interacting with employees, or presenting to the Board of Directors or CEO the candidate should be able to effective communicate information and his/her opinions.

Comfort With Entrepreneurial Environment: The candidate should be comfortable with the fast-paced, hands-on, relatively unstructured environment of an entrepreneurial company. This environment also requires the person in this position to be able to perform certain basic accounting tasks while having the necessary skills and abilities to be a critical member of the senior management team that is responsible for the continued growth and profitability of the company.

Compensation:

Salary: Consistent with industry norms, and commensurate with experience and responsibility.

Bonus: An annual bonus will be paid upon the candidate’s achievement of agreed upon performance objectives and the Company reaching budgeted earnings levels.

Equity Participation: The candidate will be eligible for participation in the Company’s incentive equity plan.

Other: Offers full-time employees health benefits and paid vacation.

Diversity creates a healthy atmosphere: equal opportunity employer