Director Of Finance

Director of Finance Overview

• The Director of Finance oversees financial operations, ensuring compliance and strategic alignment with organizational goals.
• Leads financial planning and analysis for a high-growth physician group, fostering impactful decision-making.
• Develops and implements financial policies, ensuring adherence to regulatory requirements and internal controls.
• Prepares and presents financial statements and budgets to senior management and the board.
• Manages reimbursement, patient accounting, and general accounting functions, ensuring operational efficiency.
• Collaborates with leadership to align financial strategies with organizational objectives.
• Provides mentorship and training to departmental staff, fostering professional growth.
• Ensures compliance with fiscal reporting requirements, including tax and governmental regulations.
• Promotes a culture of stewardship and respect for organizational resources.

Director of Finance Key Responsibilities & Duties

• Develop and implement financial policies and procedures, ensuring compliance with regulations.
• Prepare annual budgets and analyze monthly financial statements for strategic decision-making.
• Supervise reimbursement, patient accounting, and general accounting operations.
• Analyze costs and recommend rates to ensure appropriate income and cash flow.
• Review billing and collection patterns, implementing corrective actions as needed.
• Ensure compliance with third-party payer rules and regulations, including Medicare requirements.
• Monitor departmental budgetary performance and internal controls for operational efficiency.
• Lead departmental objectives, staffing, and performance evaluations to maintain quality service.
• Support management staff in financial management matters, fostering collaboration and growth.

Director of Finance Job Requirements

• Bachelor of Science (BS) in Finance, Accounting, or related field required.
• Minimum of 6 years of experience in finance, with 10 years preferred.
• Proven expertise in financial planning, analysis, and compliance within healthcare or similar industries.
• Strong leadership skills with experience managing teams and departmental objectives.
• Knowledge of third-party payer rules, Medicare requirements, and cost reporting.
• Proficiency in financial systems, general ledger accounting, and accounts payable management.
• Excellent communication skills to effectively convey ideas and strategies.
• Commitment to organizational mission and cultural diversity objectives.
• Ability to maintain confidentiality and adhere to ethical standards.