Chief Financial Officer

Lakeland, FL - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

About Watson Clinic
Watson Clinic strives to be your home for quality medical care. Watson Clinic is located in Lakeland Florida which is about 45 minutes east of Tampa. Since 1941 Watson Clinics worked to create a healthcare experience thats completely centered around patients - offering the areas largest team of experts across a diverse range of specialties that serve all of the patients physical emotional and behavioral care needs.
With a total staff of more than 2200 team members over 350 physicians and providers 40 diverse medical and surgical specialties and 20 state-of-the-art locations welcoming well over a million outpatient visits every year Watson Clinic remains well equipped to treat any ailment you are likely to experience in your lifetime. Their reputation remains far-reaching and nationally respected.

General Summary of Duties
The Chief Financial Officer (CFO) provides executive leadership and direction for all financial operations of Watson Clinic a physician-owned multi-specialty medical practice headquartered in Lakeland Florida. This is an in-person/on-site role.The CFO is responsible for ensuring the sound financial management of the organization through oversight of accounting finance budgeting capital planning revenue cycle operations and management information systems related to financial performance. The CFO serves as a key strategic advisor to the CEO Physician Board of Directors and senior administrative leadership providing financial insight to support strategic planning operational efficiency and long-term organizational growth.

Duties and Responsibilities

Direct and coordinate Clinic activities program planning organization staffing and procedures for assigned operational departments (Accounting Revenue Cycle and related Finance functions).
Lead the development implementation and maintenance of financial policies procedures and internal controls to ensure fiscal integrity and compliance with applicable laws and regulations.
Oversee preparation review and analysis of the Clinics consolidated financial statements operating budgets forecasts and variance analyses.
Develop and present financial models supporting new or modified programs physician recruitment service-line expansions and facility or equipment acquisitions.
Manage capital expenditures for facility expansion practice acquisitions and major equipment purchases; maintain relationships with banking and financial institutions to support these transactions.
Monitor and manage the Clinics cash flow liquidity and working capital to maintain financial stability and operational effectiveness.
Ensure accurate allocation and distribution of income to physician partners in accordance with established compensation arrangements.
Oversee revenue cycle operations to optimize charge capture billing collections and payor relationships.
Review Clinic operations to identify opportunities for cost containment efficiency improvement and resource optimization.
Evaluate and recommend appropriate insurance coverage levels for the Clinics liability property and general risk management programs.
Serve as a staff resource to the CEO Physician Board and administrative committees; present financial results forecasts and strategic analyses as requested.
Function as an administrative liaison to the Finance Audit and Profit Sharing Committees ensuring recommendations are implemented in compliance with legal and policy requirements.
Coordinate external audit activities and tax compliance for Watson Clinic and affiliated entities ensuring timely submission of all required filings.
Prepare annual capital and operating budget projections for executive and board review.
Maintain awareness of evolving healthcare reimbursement models financial reporting standards and regulatory requirements impacting physician practices.
Lead develop and mentor finance leadership team members (Controller Director of Provider Financials & Director of Patient Financial Services)
Promote collaboration and open communication within the administrative team and across departments fostering a high-performance culture that aligns with Watson Clinics mission and values.
Perform other duties as assigned by the Chief Executive Officer as necessary for the sound financial operation of the Clinic.

Qualifications
Required:

Bachelors degree in Accounting Finance or Business Administration.
Licensed Certified Public Accountant (CPA).
Minimum of 10-15 years of progressive senior financial management experience preferably as a CFO or equivalent in a large medical group healthcare organization or multi-specialty physician practice.
Demonstrated expertise in financial reporting forecasting and strategic analysis.
Strong knowledge of healthcare reimbursement models and revenue cycle management.
Proven experience managing capitalization for facilities acquisitions and major equipment purchases.
Excellent interpersonal and communication skills; proven ability to collaborate with physicians and executives.
Proficient in financial systems and software including advanced use of Microsoft Excel and other financial analysis tools.
Some travel is expected for this position (within Central Florida and occasional regional/national meetings) along with the ability to travel to Clinic locations and external meetings.

Preferred:

Masters degree in Business Administration (MBA) Finance Accounting or related discipline.
Physician-owned or multi-specialty practice experience; familiarity with partner distributions and physician-comp plan governance.
Experience with enterprise financial systems or ERP platforms.

Supervisory Responsibility

Controller
Director of Patient Financial Services (PFS)
Director of Provider Financials
Other departmental leaders as assigned

Knowledge Skills and Abilities:

Demonstrated ability to lead through influence build consensus and manage complex financial operations.
Strong analytical skills with a proactive strategic mindset.
Commitment to ethical financial practices transparency and accountability.
Ability to maintain confidentiality of sensitive financial and organizational information.
Ability to communicate effectively both verbally and in writing.
Ability to multi-task adapt to changing priorities and manage in a high-stress environment.
Must demonstrate sound judgment critical thinking and problem-solving ability under pressure.

Required Experience:

Chief

About Watson ClinicWatson Clinic strives to be your home for quality medical care. Watson Clinic is located in Lakeland Florida which is about 45 minutes east of Tampa. Since 1941 Watson Clinics worked to create a healthcare experience thats completely centered around patients - offering the areas l...

Direct and coordinate Clinic activities program planning organization staffing and procedures for assigned operational departments (Accounting Revenue Cycle and related Finance functions).
Lead the development implementation and maintenance of financial policies procedures and internal controls to ensure fiscal integrity and compliance with applicable laws and regulations.
Oversee preparation review and analysis of the Clinics consolidated financial statements operating budgets forecasts and variance analyses.
Develop and present financial models supporting new or modified programs physician recruitment service-line expansions and facility or equipment acquisitions.
Manage capital expenditures for facility expansion practice acquisitions and major equipment purchases; maintain relationships with banking and financial institutions to support these transactions.
Monitor and manage the Clinics cash flow liquidity and working capital to maintain financial stability and operational effectiveness.
Ensure accurate allocation and distribution of income to physician partners in accordance with established compensation arrangements.
Oversee revenue cycle operations to optimize charge capture billing collections and payor relationships.
Review Clinic operations to identify opportunities for cost containment efficiency improvement and resource optimization.
Evaluate and recommend appropriate insurance coverage levels for the Clinics liability property and general risk management programs.
Serve as a staff resource to the CEO Physician Board and administrative committees; present financial results forecasts and strategic analyses as requested.
Function as an administrative liaison to the Finance Audit and Profit Sharing Committees ensuring recommendations are implemented in compliance with legal and policy requirements.
Coordinate external audit activities and tax compliance for Watson Clinic and affiliated entities ensuring timely submission of all required filings.
Prepare annual capital and operating budget projections for executive and board review.
Maintain awareness of evolving healthcare reimbursement models financial reporting standards and regulatory requirements impacting physician practices.
Lead develop and mentor finance leadership team members (Controller Director of Provider Financials & Director of Patient Financial Services)
Promote collaboration and open communication within the administrative team and across departments fostering a high-performance culture that aligns with Watson Clinics mission and values.
Perform other duties as assigned by the Chief Executive Officer as necessary for the sound financial operation of the Clinic.

Qualifications
Required:

Bachelors degree in Accounting Finance or Business Administration.
Licensed Certified Public Accountant (CPA).
Minimum of 10-15 years of progressive senior financial management experience preferably as a CFO or equivalent in a large medical group healthcare organization or multi-specialty physician practice.
Demonstrated expertise in financial reporting forecasting and strategic analysis.
Strong knowledge of healthcare reimbursement models and revenue cycle management.
Proven experience managing capitalization for facilities acquisitions and major equipment purchases.
Excellent interpersonal and communication skills; proven ability to collaborate with physicians and executives.
Proficient in financial systems and software including advanced use of Microsoft Excel and other financial analysis tools.
Some travel is expected for this position (within Central Florida and occasional regional/national meetings) along with the ability to travel to Clinic locations and external meetings.

Preferred:

Masters degree in Business Administration (MBA) Finance Accounting or related discipline.
Physician-owned or multi-specialty practice experience; familiarity with partner distributions and physician-comp plan governance.
Experience with enterprise financial systems or ERP platforms.

Supervisory Responsibility

Controller
Director of Patient Financial Services (PFS)
Director of Provider Financials
Other departmental leaders as assigned

Knowledge Skills and Abilities:

Demonstrated ability to lead through influence build consensus and manage complex financial operations.
Strong analytical skills with a proactive strategic mindset.
Commitment to ethical financial practices transparency and accountability.
Ability to maintain confidentiality of sensitive financial and organizational information.
Ability to communicate effectively both verbally and in writing.
Ability to multi-task adapt to changing priorities and manage in a high-stress environment.
Must demonstrate sound judgment critical thinking and problem-solving ability under pressure.