Chief Financial Officer
Oakland Community Health Network · Troy, MI · 2 wk ago
On-siteFinanceFull-time
Serves as OCHN's senior financial executive and strategic advisor to the Chief Executive Officer, providing executive leadership for all financial operations with a focus on ensuring the long-term fiscal health and sustainability of OCHN and its contracted provider network.
Responsibilities
- Provides strategic direction and oversight of financial planning, budgeting, forecasting, accounting, financial reporting, internal controls, and audit activities.
- Ensures effective stewardship of public resources and organizational assets.
- Establishes, implements, and monitors long-range financial strategies and objectives that support OCHN's mission, strategic priorities, and operational goals.
- Provides executive oversight of multiple federal, state, local, grant, and Medicaid funding sources, ensuring compliance with all applicable laws, regulations, contractual requirements, and governmental accounting standards.
- Monitors financial performance, identifies organizational risks and opportunities, and provides data-driven financial analysis and recommendations to support executive decision-making.
- Leads, develops, mentors, and evaluates the Budget and Finance Division.
- Ensures understanding of Prepaid Inpatient Health Plan and Community Mental Health System contractual reporting requirements, cost accounting, system delivery, and allowable costs for each specific fund source.
- Oversees annual Financial Audit and Single Audit processes, including knowledge of governmental accounting, Medicaid rules and regulations, and adherence to 42 Code of Federal Regulations and GAAP principles.
- Applies in-depth knowledge of the Michigan Behavioral Health System, costing and cost allocation methods, system budget development and forecasting, healthcare analytics, managed care rules and regulations, and outcome-based funding development and implementation.
- Develops innovative financial strategies while ensuring compliance with state and federal regulations.
- Serves as the organization's primary financial liaison with external auditors, banking institutions, regulatory agencies, and other financial partners.
- Plans and supervises the implementation of system or process innovations to improve efficiency and outcomes.
- Leads development of annual operating and capital budgets.
- Oversees long-range financial forecasting.
- Provides financial analysis to support executive decision-making.
- Oversees cash management and investment activities.
- Ensures effective internal controls.
- Presents financial information to the Board.
- Oversees financial systems and reporting improvements.
- Identifies financial risks and develops financial policies.
- Leads collaboration between teams through shared chairing of the Innovation and Operations Team, serving on the Executive Leadership Team, and working with the Board/Sub-Committees/Advisory Councils.
- Coordinates OCHN's work with community agencies and individuals.
- Communicates financial issues, progress, and details to the CEO, State, community stakeholders, providers, staff, and the community.
Requirements
- Bachelor's degree in Accounting, Finance, Business Administration, Public Administration, Healthcare Administration, or related field. Master's degree in a relevant discipline preferred.
- Minimum of ten (10) years full-time work experience in financial analysis, business administration, general accounting, cost accounting, or related area, in a complex multi-site, multi-function governmental entity with increasing responsibilities in a managerial or supervisory capacity.
- Preferred experience in:
- Governmental healthcare finance
- Medicaid managed care
- PIHP/CMHSP or related health system
- Public sector budgeting
- Behavioral health
- Oversight of Financial Operations
- Working knowledge of state, federal, and local contract obligations of Pre-Paid Inpatient Health Plans (PIHP) and Community Mental Health Specialty Programs (CMHSP).
Qualifications
- Demonstrated knowledge of budgetary development and management and accounting principles and procedures.
- Demonstrated knowledge of statutes, ordinances, resolutions, and regulations governing accounting, auditing, and fiscal procedures.
- Working knowledge of Organizational Strategic Planning.
- Demonstrated expertise in Generally Accepted Accounting Principles (GAAP).
- Expertise in applying GASB standards.
- Ability to lead multi-area teams with competing priorities.
- Ability to develop and manage individuals and team culture.
- Ability to guide, lead, and train staff on Behavioral Health Fund Source management.
- Ability to analyze, evaluate, and collaboratively use financial data for continuous improvement.
- Ability to diagnose, initiate, plan, develop, coordinate, and implement multi-program improvement activities.
- Ability to compile statistics, decipher pertinent information, and present clear, concise, and understandable reports.
- Demonstrated proficiency in data processing techniques.
- Ability to prioritize and direct high-level projects, issues, and concerns within the Budget and Finance Team.
- Ability to recognize and analyze complex operational/administrative or fiscal problems and recommend solutions.
- Ability to work collaboratively with all levels of the organization and network, fostering an environment that recognizes challenges and initiates problem-solving.
- Ability to recruit, select, supervise, plan, direct, and evaluate the work of professional, administrative, and clerical employees.
- Ability to define and provide developmental opportunities for future succession planning and skill enhancement.
- Highly effective project management, interpersonal, active listening, negotiation, and conflict resolution skills.
- Ability to respond appropriately to and manage crisis situations.
- Ability to engage with all providers in OCHN’s network to promote the organization's mission, vision, and values.
- Ability to keep the Chief Executive Officer and Executive Leadership informed of critical issues impacting financial standing and service provision.
Schedule
- Work performed primarily in an office environment.
- Hybrid (onsite/remote) work schedule available.
- Must be available for meetings and events which may occur outside of standard office hours, including attendance and presentation at evening Board meetings.
- Must have available means of transportation to and from OCHN and for required offsite meetings or site visits.