Chief Financial Officer

Job Title: Chief Financial Officer (CFO)
Reports To: Chief Executive Officer (CEO)

Purpose

Provide strategic financial leadership and oversight to ensure the fiscal integrity, sustainability, and growth of Lakemary Center in alignment with its mission.

Position Summary
The Chief Financial Officer (CFO) is a key member of Lakemary Center’s Executive Team, providing strategic financial leadership that ensures the organization’s sustainability and growth. The CFO oversees all aspects of financial management, including budgeting, reporting, compliance, cash flow, restricted funds, and risk management. This role partners closely with the CEO, Board of Directors, and community stakeholders, presenting financial results, trends, and forecasts to support informed decision-making. The CFO also mentors senior leaders, strengthens internal controls, and fosters transparency and collaboration to advance Lakemary’s mission.

Essential Duties & Responsibilities

Leadership & Supervision

• Supervise and mentor the Controller, Director of Accounting, Contracting/Credentialing/Medical Claims Coordinator, and Financial Analyst.
• Establish clear roles, responsibilities, and accountability within the finance team.
• Mentor senior leaders across the organization.
• Partners with Employee Relations (ER) on health insurance benefit selection, retirement plan administration, and management of Paycom.

Financial Management

• Manage organizational cash flows and restricted funds to ensure sustainability and compliance with donor intent.
• Oversee preparation of timely and accurate financial statements for the CEO, Executive Team, Board, funders, and other key stakeholders.
• Direct accounting operations in compliance with GAAP, regulatory requirements, and grant obligations.
• Ensure accurate and timely preparation and filing of cost reports with Medicaid, Medicare, HUD, and other regulatory agencies.
• Direct annual budget development and forecasting in collaboration with leadership and the Board.
• Manage revenues, expenses, and cash flow to ensure financial integrity and sustainability.
• Oversee billing, collections, accounts payable, payroll, and benefits functions.
• Develop and maintain the accounting procedures manual and ensure effective internal controls.

Strategic Leadership & Governance

• Serve as a member of the Executive Team, contributing to organizational leadership and decision-making.
• Participate in developing and implementing Lakemary’s strategic plan with the Executive Team and key stakeholders.
• Serve as staff liaison to the Audit & Finance Committee and Investment Committee, presenting financial results, trends, and forecasts to the Board.
• Participate in the Johnson County Strategy Task Force.
• Participate in Capital Campaign Committee meetings when active.

Risk Management & Compliance

• Manage organizational insurance programs (property, liability, D&O, professional, etc.) in collaboration with the CEO and broker.
• Ensure compliance with Medicaid, Medicare, HUD, and other regulatory agencies.
• Oversee vendor contracting, payer agreements, and provider credentialing activities.
• Guide and participate in RFP processes for key financial and risk management services (e.g., auditor, insurance, retirement plan advisors, ERP systems).

Communication & Collaboration

• Maintain strong partnerships internally and externally, fostering collaboration across departments and with external stakeholders.
• Ensure financial information is communicated with clarity and transparency to staff, leadership, and the Board.
• Build trust by promoting openness in decision-making and accountability in reporting.

Professionalism & Continuous Improvement

• Model integrity, sound judgment, and ethical leadership in all actions.
• Stay current on nonprofit finance best practices, regulatory changes, and emerging trends.
• Promote efficiency, innovation, and strong internal controls across financial processes.
• Support staff and leaders in strengthening financial literacy and decision-making.

Additional Responsibilities

• Attend and actively participate in staff, leadership, and Board meetings.
• Ensure reliable attendance and completion of assigned duties.
• Perform other responsibilities as assigned by the CEO.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field required; Master’s degree or CPA preferred.
• Minimum 10 years of progressive financial management experience, with at least 5 years in a senior leadership role.
• Nonprofit or healthcare financial management strongly preferred.
• Strong leadership, mentoring, and communication skills.
• Demonstrated expertise in compliance, cash flow management, risk management, and board governance.