Chief Financial Officer

Job Description

Job Description

The Chief Financial Officer (CFO) serves as OCHN's senior financial executive and strategic advisor to the Chief Executive Officer. The CFO provides 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. Responsible for the strategic direction and oversight of financial planning, budgeting, forecasting, accounting, financial reporting, internal controls, and audit activities, the CFO ensures the effective stewardship of public resources and organizational assets.

The CFO establishes, implements, and monitors long-range financial strategies and objectives that support OCHN's mission, strategic priorities, and operational goals. This position 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. The CFO monitors financial performance, identifies organizational risks and opportunities, develop strategy that supports organizational sustainability and provides data-driven financial analysis and recommendations to support executive decision-making.

Working collaboratively with executive leadership, community partners, and external stakeholders, the CFO promotes financial accountability, transparency, and operational excellence while ensuring the efficient, effective, and fiscally responsible delivery of behavioral health services throughout the OCHN network across Oakland County.

Essential Functions 

• Leads, develops,mentorsand evaluates the Budget and Finance Division.
• State and Federal reporting.
• Understanding ofPrepaid Inpatient Health Plan and Community Mental Health System contractual reporting requirements, cost accounting, system delivery, and allowable costs for each specific fund source.
• Annual Financial Audit and Single Audit knowledge on process and procedures for governmental accounting, Medicaid rules and regulations, and necessary policies andprocedurenecessary to adhere to 42 Code of Federal Regulations, and GAAP principles.
• 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, outcome-based fundingdevelopmentand implementation. 
• In-depth knowledge of federal, state, and local fund sources and theirrules& regulations, governmental accounting, and the Code of Federal Regulations, financial and single audits expectations and guidelines. 
• 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, regulatoryagenciesand other financialpartners.Abilityto plan and supervise the implementation of system or process innovations to improve the efficiency and outcomes of services to individuals.
• 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. 
• Ensureseffective internal controls.
• Presents financial information to the Board. 
• Oversees financial systems and reporting improvements. 
• Identifiesfinancial risks. 
• Develops financial policies.
• Additionalduties, as assigned.

Job Requirements and Qualifications 

Education:

• Bachelor's degree in Accounting, Finance, Business Administration, Public Administration, Healthcare Administration or related field.
• Master's degree in a relevant discipline preferred.

Training Requirements (licenses, programs, or certificates):

Experience Requirements: 

• 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:

• Governmental healthcare finance 
• Medicaid managed care 
• PIHP/CMHSPor 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). 
• Leads the organization's collaboration between teams through shared chairing of the Innovation and Operations Team, serving on the Executive Leadership Team, working with the Board/Sub- Committees/Advisory Councils, and coordinating the OCHN's work with community agencies and individuals.
• Effectively communicate issues, progress and other details to the CEO, State, and other community stakeholders as well as clear and defined expectations to providers, staff, and the community as appropriate.

 

Knowledge Requirements: 

• 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.
• Demonstratedexpertisein Generally Accepted AccountingPrinciples(GAAP)
• Expertise in applying GASB standards.

 

Job Specific Competencies/Skills:

• Ability to lead multi-area teams with competing priorities.
• Ability to developand manageindividuals and team culture.
• Guiding, leading, and training staff and other members of OCHN on Behavioral Health Fund Source management.
• Training management.
• Ability to analyze,evaluateand 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 oral and written financial operational and other types of departmental reports to officials and other interested groups or individuals.
• Demonstratedproficiencyin theutilizationof data processingtechniques using.
• Ability to prioritize and direct theBudget and FinanceTeamhigh-levelprojects, issues, and concerns.
• Reports directly to the CEO,toforecast,provide financialanalysis,and funding trends that lead todata-drivendecisions that support operations and secure quality service deliveryreports.

 

Managerial Competencies/Skills:

• Ability to recognize and analyze complex operational/administrative or fiscal problems, and to recommend and implement solutions.
• Ability to work collaboratively and positively with all levels of the organization and network, creating an environment that recognizes challenges,initiatescollaborative problem-solvingand effectivelyimplementssolutions.
• Ability to recruit, select, supervise, plan, direct, and evaluate the work of professional, administrative, and clerical employees.
• Ability to define andprovidedevelopmental opportunities for future succession planning and skill enhancement.
• Ability to communicate effectively, both orally and in writing. 
• Demonstrated ability toinitiate, plan, develop, coordinate, and implement system-wide programs/initiatives.
• Highly effective project management skills.
• Highly effective interpersonal, active listening, negotiation, and conflict resolution skills.
• Ability to respond appropriately to and manage crisis situations.
• Engage with all providers in OCHN’sprovider network to promote the mission, vision, and values oftheorganization.
• Keeps the Chief Executive Officerand ExecutiveLeadershipofcriticalissues and challenges thatimpactthe financial standing of OCHNandimpactthe provision of services,supports, and provides networkstability.

 

Oakland Community Health Network’s Core Competencies: 

• Interacting with others in a way that gives them confidence in one’s intentions and those of the organization; demonstrating loyalty to the organization and its mission and values; maintaining social, ethical, and organizational norms; firmly adhering to codes of conduct and ethical principles. (Integrity/Building Trust)
• Making customers and their needs a primary focus of one’s actions; developing and sustaining productive customer relationships, recognizing that the ultimate customer is the person served. (Customer Focus)
• Actively identifying new areas for learning; regularly creating and taking advantage of learning opportunities; using newly gained knowledge and skill on the job and learning through their application. (Continuous Learning)
• Setting high standards of performance for self and others; assuming responsibility and accountability for successfully completing assignments or tasks; self-imposing standards of excellence in addition to consciously adopting organizational standards of excellence. (Work Standards)
• Clearly conveying information and ideas through a variety of media to individuals or groups in a manner that engages the audience and helps them understand and retain the message. (Communication)

Additional Information 

• Must have available means of transportation to and from OCHN and for required offsite meetings or site visits. 
• Must be available for meetings and events which may occur outside of standard office hours. Which includes attendanceand presentationat evening Board meetings.
• Work performed primarily in an office environment. 
• Hybrid (onsite/remote) work schedule available. 
• The ideal candidate must be able to complete all physical requirements of the job with or withouta reasonableaccommodation.  

OCHN is committed to building a diverse team and fostering an inclusive and equitable culture. We are proud to be an equal opportunity employer that embraces and encourages our employees’ differences. This includes (but is not limited to) ability, age, color, family type, gender expression and identity, individual expression, medical conditions, national origin, pregnancy, race, religion, sexual orientation, veteran status, and all other diverse and wonderful characteristics.