Location: Plainview, NY
Hours: Full-time hours, M-F 9am-5pm
Salary: $200-220k
The Chief Financial Officer will partner with the executive team to continue to grow the lab as measured by the consistency of financial performance vs. plan and enterprise value creation. The successful candidate will work closely with the Executive Team, and corporate departments such as Revenue cycle management, Payor Contracting, Human Resources, Operations, Marketing, and Provider Recruiting.
The candidate should have strong analytical, budgeting and forecasting skills, as well as the ability to manage and communicate effectively with staff and senior management. The applicant should possess a strong financial background in the healthcare industry, have experience with managed care contracting and revenue cycle management, and be familiar with all aspects of general accounting and financial reporting.
Skills, Competencies, and Experience:
Culture, Carrier & People Leadership
- Proven experience as a very strong people leader
- Build trust among direct reports and seek feedback from team members
- Great listening skills, welcoming alternative views
- Provide clear expectations and regular feedback to team members
- Direct reports have strong, collaborative relationships and alliances with other departments and constituents throughout the organization
Finance as Strategic Competency
- Strategic lens toward developing a business model and growing a business
- Ability to partner with executive team in crafting a strategy consistent with financial objectives and play a constructive role in achieving non-financial line of objectives (lab volume growth, referring medical office satisfaction)
- Ability to utilize all available data and financial modeling to partner with executive team in developing and fine-tuning the company’s growth strategy, as well as propose and evaluate other growth opportunities and strategies
Process Improvement
- Experience identifying finance and accounting department inefficiencies, and building and implementing material operational improvements
Experience Creating Financial & Performance Visibility & Reporting
- Success in creating robust financial transparency among all departments and business units (service lines and practices throughout an organization)
- Identifying KPIs that drive businesses and partnering with leaders to manage toward those KPIs
Demonstrated Success in Driving Effective Planning Processes
- Success in managing annual budgeting process from start to finish
- Ability to articulate planning philosophy
- Experience working with modern planning tools
- Deep knowledge of steps, timelines, issues and changes in planning processes
Proven Ability to Instill Financial Discipline and Competence
- Cogent description of methodology for identifying cost savings
- Evidence of cost savings achieved
- Spend versus plan performance in prior companies
- Experience with procurement optimization and standardization
Successful Relationships with External Constituencies
- Experience with covenant compliance or effective management of lenders
- Successful audits without material weaknesses
- Strong references from lenders, auditors, investment bankers
Qualifications:
- Bachelor’s degree in accounting, CPA preferred
- A strong financial background in the healthcare industry
- Ten or more years of experience in executive leadership roles
- Clinical Laboratory experience is a plus
- Ability to deliver timely and accurate financial reporting
- Ability to articulate planning philosophy, and familiarity with modern planning tools
- Ability to instill financial discipline and competence
- Leadership experience with cross functional initiatives
- Excellent knowledge of data analysis and forecasting methods
- Experience managing legal contracts, employment matters, and third-party suppliers
- Highly organized; strong system for meeting deadlines and closing the loop with key stakeholders
- Strong work ethic, self-starter, energized by building
- Willingness and ability to hire A talent, develop, and train new team members
- Strong project management skills