Chief Financial Officer plans and leads an organization's financial operations, reporting, and governance to ensure financial health and support high-level strategic planning. Develops and drives the financial strategy, including capital allocation, funding initiatives, and resource management to support organizational goals. Being a Chief Financial Officer collaborates with senior leaders to ensure financial controls, policies, and priorities are integrated across business operations. Oversees budgeting and forecasting to ensure resources and efforts align with the organization's mission. Additionally, Chief Financial Officer researches and adopts emerging technologies, tools, and best practices to enhance reporting, forecasting, or operational efficiency. Negotiates and leads funding opportunities through debt, equity, and various financial instruments to support business operations, optimize cash flow, and manage risk. Requires a master's degree in accounting or finance. May require Certified Public Accountant (CPA). Typically reports to Chief Executive Officer (CEO). Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals.
Chief Financial Officer - Physician Practice develops and directs the overall financial policies and procedures for a physician practice or group. Provides strategic direction of all financial functions, including accounting, budget, and tax/regulatory reporting. Being a Chief Financial Officer - Physician Practice ensures that proper financial auditing and controls are in place. Supports the overall business strategy while conforming with applicable laws and regulations. Additionally, Chief Financial Officer - Physician Practice designs, coordinates, and prepares a wide variety of accounting and statistical data and reports. Typically requires a MBA or equivalent. Typically reports to chief executive officer (ceo). The Chief Financial Officer - Physician Practice manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Chief Financial Officer - Physician Practice typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
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