Chief Finance Officer

Chief Finance Officer
SC Department of Mental Health, Executive Director's Office/Department of Mental Health
 Columbia, South Carolina
Job Description

The SC Department of Mental Health (SCDMH) is actively seeking a Chief Finance Officer (CFO). The CFO is responsible for all functions related to the financial operations of the Agency which includes psychiatric hospitals, nursing homes, community mental health centers and specialty treatment programs. The Chief Finance Officer serves on the Agency's Senior Management Team as chief advisor and strategist for the financial performance of all aspects of fiscal management.

The primary responsibility of this position is to coordinate financial operations in conjunction with executive leadership, in such a way as to optimize the revenue cycle, reduce expenses and comply with laws, regulations and accrediting standards in the financial areas of the Agency. Further, to present the financial results of operations to senior management and to prepare high level financial analyses to support decision making.

Exercising a high degree of discretion, judgement and tact in handling sensitive issues, these responsibilities include multifaceted accounting, reimbursement, procurement, and other related financial functions in coordination with SCDMH's other divisional financial staff such as:

Institutes guidelines for all SCDMH financial activities and directs the financial staff of General/Accounting, Business Office, SCEIS Help Desk, Reimbursement, Cost Reporting, Contracts/Procurement, Budget and Planning, Grants Administration.

Coordinates the operation of all financial functions ensuring the Agency's adherence to the practice of sound business methodologies, financial accountability, and adherence to the laws and regulations of state and federal government;

Creates detailed reports, prepares and presents the Agency's annual budget and justifies to executive management and others the basis for financial decisions; and

Functions as a member of the Senior Management Team being involved and cognizant of all issues facing the Agency and the ramifications of such issues on financial decisions.

Additionally, the Chief Finance Officer:

Reports to the Executive Director for overall financial management of the Agency; to include management of a $498,000,000 annual budget, 2,085 licensed beds and 4,500 employees in addition to hundreds of contract staff for the 24/7 operation of services;

Provides leadership to the directors and managers in improving efficiency and effectiveness of the budget and institutes guidelines, methodologies, financial policies and regulations to include; directing financial activities, reporting, contracts, procurement, budget monitoring and planning;

Ensures budget priorities are met without compromising standards of sound fiscal management;

Monitors compliance with policies relating to receipt of revenue, disbursement of funds, and safeguarding of assets for the Agency;

Proactive in monitoring and assessing the delivery of healthcare service programs by maintaining a fiscally sound operation which continues to respond to the needs of both patients and the community at-large; and

Provides guidance on capital equipment purchases.

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