Chief Financial Officer

Client Summary :

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• Specializes in providing administrative and management services to dermatology practices.
• Practices offer a comprehensive range of dermatology services, including general dermatology, plastics, Mohs surgery, cosmetic dermatology, and pathology.

Position Responsibilities :

• Financial Management : Oversee financial reporting, planning, and analysis; manage day-to-day financial operations; and ensure accurate and timely financial closing processes.
• Corporate Governance : Implement internal controls, financial risk management procedures, and ensure compliance with financial regulations, accounting standards, and tax laws.
• Strategic Planning : Develop and execute financial strategies, budgets, board materials, and forecasts; provide financial insights for strategic initiatives, including mergers, acquisitions, partnerships, and expansion opportunities.
• Team Leadership : Lead and mentor a team of finance professionals, promote professional development, and foster a collaborative culture.
• IT and Human Resources Oversight : Manage procurement, budgeting, and implementation of key IT systems; oversee HR functions, employee manuals, onboarding, training programs, and compliance policies.
• Industry Knowledge : Stay updated on industry trends, regulatory changes, and best practices in financial management for the healthcare sector.

Experience & Skills :

Required Experience and Qualifications :

• 15-20 years of relevant experience as a CFO or in senior financial roles.
• Proven track record in finance, accounting, and revenue cycle management (RCM) services.
• Primary oversight on Finance, Accounting, and RCM services; secondary oversight on Information Technology (IT) and Legal departments.
• Preferred experience in Private Equity-backed companies; ideally navigated a company through an exit process.
• Experience with multi-site healthcare facilities; preferable experience managing organizations with revenues around $50 million and sites in multiple states.
• Dermatology industry experience is preferred but not mandatory.

Qualifications :

• Education : Bachelor’s degree in Finance, Accounting, or a related field; MBA or advanced degree preferred.
• Certification : While not mandatory, CPA certification is preferred.
• Financial Acumen : Strong knowledge of financial principles, practices, and regulations in the healthcare industry; understanding of healthcare insurance billing practices.
• Computer Skills : Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Teams) and ability to learn new computer programs.

Skills and Competencies :

• Leadership : Strong leadership qualities with the ability to guide teams through complex financial strategies.
• Communication : Excellent communication skills with the ability to convey financial information clearly to both financial and non-financial stakeholders.
• Strategic Vision : Strategic mindset with the ability to align financial goals with the overall strategic objectives of the company.
• Team Collaboration : Collaboration with other department heads to align financial strategies with operational goals.
• Change Management : Adaptability to changing regulatory environments, market conditions, and organizational structures.

Managing People :

• Ensure all staff members receive training on accounting policies, procedures, and the importance of accurate financial reporting.
• Balance team and individual responsibilities; contribute to building a positive team spirit.

Communication :

Exhibit good listening and comprehension; express ideas and thoughts clearly in written and verbal form.

Teamwork :

Balance team and individual responsibilities; provide and welcome feedback; put the success of the team above own interests.

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