Chief Financial Officer

Arkansas Foundation for Medical Care - Little Rock, AR4.1

The Chief Financial Officer (CFO) is responsible for AFMC’s financial planning, budgeting, accounting, reporting, and other financial activities, functions, and initiatives. The CFO selects and supervises Finance Department staff; participates with other executive management in the establishment of goals, objectives and policies consistent with the direction of the Chief Executive Officer and the Board of Directors. Support the organization’s mission, vision and values by exhibiting the following behaviors: Integrity, Professionalism, Respect, Transparency, Excellence, Accountability, Innovation, Initiative, Teamwork, Customer Service and Flexibility.

This position will also be elected by the Board of Directors as an officer of the non-profit corporation.

Plan and direct the organization’s financial operations and activities including, without limitation, treasury, budgeting, audit, accounting, payroll, purchasing, forecasting, reporting, insurance activities.
Responsible for the ethical custodianship of funds, securities, financial records and assets of the organization.
Support and facilitate missions and goals across the organization.
Inform and advise the President/CEO, executive team, and managers regarding financial status, activities, trends, and initiatives.
Review and manage the cash position of the organization daily. Prepare cash forecast, manage cash flow and plan and implement strategies for the maintenance of adequate funds.
Provide innovative management and direction of functions that permit AFMC to accurately and efficiently manage financial reports. Analyze economic and business conditions and their impact on the organization; develop recommendations designed to leverage organization strengths and opportunities.
Responsible for the accounting of financial resources, preparation of financial reports and statements for management, the Board of Directors and its appropriate committees, and external agencies. Direct the preparation of management reports that summarize business activity, financial position and projections. Provide financial modeling, feasibility studies, statistical analysis and other ad hoc and specialty reports as requested.
Direct and coordinate the establishment and preparation of budgets, review budget proposals and prepare necessary supporting documentation and justification (based on studies of cost, operating procedures, and discussion with management).
Develop, implement, and enforce financial policies, procedures and internal controls that ensure financial integrity, adequate documentation, and proper accounting/reporting of all services, activities and financial transactions. All accounting and financial controls and documentation must comply with (i) internal and external audit requirements, (ii) applicable federal and state accounting and financial regulations, and (iii) applicable contracting and agency regulations.
Maintain required documentation, invoicing, and correspondence with private, state, and federal contract contacts and Project Officers.
Coordinate audits by independent CPA's, contracting and regulatory agencies.
Prepare finance and finance-related components of business proposals in response to Invitations for Bid, Requests for Proposals; Requests for Qualifications; and contract renewals.
Serve as trustee to the AFMC retirement plan and chief plan administrator.
Maintain and securing fixed assets and equipment; conduct periodic inventories and prepare all required reports of government owned items.
Maintain adequate and economic business equipment and AFMC liability insurance by soliciting competitive pricing.
Meet regularly with other executive management to stay informed, to offer direction and support for inter-departmental projects and to confer on organizational goals, objectives and policies.
Develop relationship and promote mutually beneficial partnerships with clients, key stakeholders, constituents, legislators, other healthcare organizations and the community at large.
Select, direct, coach and evaluate assigned staff. Develop standards of staff performance and set annual performance objectives. Ensure the quality and accuracy of employees’ work product and that staff meet performance goals within designated time frame.
Ensure AFMC, state and federal protocols regarding data confidentiality/security and HIPAA compliance.
Maintain current knowledge of corporate contracts with emphasis on financial performance.
Maintain receivables ledgers and collect and account for receivables.
Attend Board Meetings upon CEO request.
Prepare and submit monthly, quarterly and annual reports to CEO.
Train assigned staff on job specific regulations and contract requirements.
Meet regularly with assigned staff to communicate pertinent information, needs and requests to other team members as appropriate.
Additional duties as assigned.

Physical and Sensory Requirements (With or Without the Aid of Mechanical Devices):

Mobility, reaching, bending, lifting, grasping, ability to read and write ability to communicate with personnel, ability to remain calm under stress. Must be capable of performing the essential job functions of this job, with or without reasonable accommodations.

Required Skills

Ability to perform all essential job functions at a meets or exceeds level; and
Intermediate skill level with MS Office (Word, Excel, Outlook, PowerPoint).
Advanced skill level with accounting software packages.
Knowledge of regulations and contract requirements pertaining to the assigned area of responsibility.
Advanced skills in business English, grammar, spelling, and punctuation.
Ability to lead both within and outside the organization and to participate in multi-disciplinary team projects involving professional personnel from several fields.
Ability to manage contracts with outside consultants, outsourced services and other external entities.
‫Ability to build and manage partnerships and relationships with a variety of internal and external stakeholders.
Strong detail orientation, organizational and project management skills evidencing an ability to respond to multiple projects simultaneously with sensitivity and tact including the ability to manage through conflict.
Ability to negotiate.
Advanced financial analysis skills.
Ability to maintain confidentiality.
Customer service.
Ability to delegate appropriately.
Ability to meet deadlines.
Ability to work collaboratively and independently to achieve stated goals.
Ability to relate professionally and positively with staff, business partners, customers, constituents, recipients and the public.
Problem solving.
Public speaking.
Time management.

Required Experience

Required: Bachelor’s degree in accounting or finance.

Desirable: Master’s degree in accounting or business administration. Licensed as a CPA in good standing.

Required: Ten (10) years of financial management experience with at least (5) years in an executive leadership role. Knowledge and experience must include payroll, accounts payable and receivable; cash management; inventory control; general ledger transactions; project based accounting; current automated financial systems; state and federal government contracts and accounting; and state and federal audits (2 C.F.R. Part 200). Experience managing finance department staff of 5 or more in an organization employing 150 or more concurrent employees.

Desirable: Knowledge and experience regarding: Medicaid; managed health care; Salesforce platform; non-profit organizations; federally certified Quality Improvement Network and Quality Improvement or Quality Improvement-Like Organization.

Equal Opportunity Employer/Veterans/Disabled EEO IS THE LAW

AFMC, Inc. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability or any other status protected by federal, state and/or local law. AFMC invites any employee and/or applicant to review the Company’s Affirmative Action Plan. This plan is available for inspection upon request, which may be made in person or by telephone (501) 212-8798, by fax (501) 212-8797 or by U.S. mail Attn: Michael Dumas, 1020 West 4th Street, Suite 300, Little Rock, AR 72201.