Financial Officer Jobs in Tennessee

Group Chief Financial Officer | Summit Healthcare Mgmt | Nashville, Tennessee

About the Job:

PURPOSE STATEMENT:

The Group CFO is an integral part of the company’s senior leadership team and expected to participate in the financial and functional decision-making processes necessary for the successful attainment of the operational and financial goals. The Group CFO will play a key role in directing the analysis and interpretation of financial information of the divisions and all related activities; supports the completion of strong business plans and budgets; evaluates alternative courses of action and ensures that the revenue cycle operations are performed at a high level.

Roles and Responsibilities:

ESSENTIAL FUNCTIONS:

• Serves as a senior value‑creation leader for the portfolio, partnering closely with the Operations Group President, executive leadership, and private equity sponsors to drive EBITDA growth, cash flow, and return on invested capital.
• Translates operational performance into clear, decision‑ready financial insights for sponsors, including performance drivers, risks, and opportunities across divisions and facilities.
• Supports sponsor reporting requirements, including timely, accurate, and transparent financial packages, forecasts, and variance explanations.
• Provides enterprise‑level financial leadership across assigned divisions and facilities, ensuring consistency, scalability, and financial discipline across the platform.
• Maintains regular on‑site engagement with facilities to assess financial operations, reinforce performance expectations, identify improvement opportunities, and ensure alignment with platform value‑creation initiatives.
• Functions as a strategic financial advisor to Facility CEOs and Division Presidents, balancing local execution with enterprise financial objectives.
• Builds, leads, and continuously strengthens a high‑performing finance organization capable of supporting rapid growth, operational complexity, and sponsor expectations.
• Ensures each division is supported by a qualified and effective Division CFO; participate in the recruitment, development, and retention of Division and Facility CFOs.
• Establishes clear performance expectations and accountability for finance leaders, including coaching, corrective actions, and performance improvement plans as required.
• Develops finance talent and succession depth to support scalability and continuity.
• Oversees the accuracy, timeliness, and integrity of monthly financial statements, forecasts, and management reporting for assigned divisions and facilities.
• Ensures disciplined month‑end close processes and forecasting rigor that support predictable performance and initiative-taking decision‑making.
• Leads preparation for and participation in Monthly Operating Reviews with executive leadership and sponsors, clearly articulating performance trends, risks, and corrective actions.
• Ensures all corporate and sponsor‑required reports, certifications, and disclosures are completed accurately and on schedule.
• Maintains a strong internal control environment and consistent application of corporate accounting and business office policies across the platform.
• Always ensures audit readiness, supporting clean audits with no material weaknesses, deficiencies, or unplanned adjustments.
• Partners with Internal Audit, Corporate Finance, and external auditors to remediate findings and continuously strengthen financial governance.
• Provides strategic oversight of revenue cycle operations to maximize cash collections, minimize uncompensated care, and improve working capital performance.
• Routinely reviews revenue cycle KPIs and trends to identify and address risks impacting EBITDA and cash flow.
• Ensures Division and Facility CFOs maintain deep expertise in federal, state, and managed care reimbursement methodologies relevant to behavioral healthcare.
• Oversees accurate revenue recognition, contractual allowance estimation, and preparation of required cost reports and supplemental reimbursement documentation.
• Oversees the annual operating budget and long‑range planning processes, ensuring alignment with sponsor value‑creation plans and operational priorities.
• Reviews budgets and forecasts for accuracy, sustainability, and EBITDA impact; provides ongoing variance analysis and support leadership in executing corrective actions.
• Oversees capital budgeting and capital request processes, ensuring disciplined deployment of capital aligned with ROI expectations and sponsor priorities.
• Ensures accurate capitalization and depreciation of assets in accordance with company policy and accounting standards.
• Supports new service development, de novo expansion, and growth initiatives through financial modeling, pro formas, and investment return analysis.
• Partners with facility and division leadership to ensure staffing models, productivity benchmarks, and labor strategies support margin improvement and operational scalability.
• Provides financial insight to support cost management initiatives while maintaining quality and compliance standards.
• Reviews managed care contracting strategies and business development initiatives to support net revenue optimization and margin sustainability.
• Ensures compliance with Group Purchasing Organization (GPO) contracts and purchasing discipline.
• Supports M&A integration, operational scaling, and platform standardization initiatives as required.
• Maintains current knowledge of behavioral healthcare industry trends, regulatory changes, reimbursement dynamics, and market risks to ensure initiative-taking preparedness.

Leadership Functions:

• Identifies and prioritizes issues of importance, including those priority issues as set by leadership. Collaborates with department leaders and corporate executive leaders, as needed.
• Communicates instructions, expectations, and timelines clearly and concisely.
• Manage staff scheduling to maintain productivity levels, curtailing unnecessary overtime and/or excessive staff work hours.
• Maintains accountability expectations for self and staff in all areas of performance.
• Engages staff in quality and safety basics to ensure sustained, measurable compliance.
• Identifies staff educational needs and ensures they are addressed with education programs that are attended by staff.
• Holds staff accountable for non-compliance and safety concerns, as well as attendance, following policies, behavior, and adherence to the code of conduct.

EDUCATION/EXPERIENCE/SKILL REQUIREMENTS:

• Bachelor’s degree in accounting or business discipline with significant financial concentration required; master’s degree preferred.
• Nine or more years of progressive successful CFO experience in a healthcare setting.
• Two years previous Division CFO or company Group CFO experience required.
• Previous Behavioral healthcare experience highly preferred.
• Previous experience with a proprietary healthcare system highly preferred.
• Proven financial analysis skills and strong technical accounting and finance skills.
• Experience working with information technology and proficiency with software packages including Excel and Word.

LICENSES/DESIGNATIONS/CERTIFICATIONS:

CPA preferred.

WORK LOCATION:

This role can be remote with regularly scheduled visits to the Franklin, TN headquarters.

SUPERVISORY REQUIREMENTS:

Five or more years of management experience in healthcare setting are required.

Why Summit Healthcare Mgmt?Summit Healthcare Mgmt offers a comprehensive benefit plan and a competitive salary commensurate with experience and qualifications. Qualified candidates should apply by submitting a resume. Summit Healthcare Mgmt is an EOE.

Veterans and military spouses are highly encouraged to apply. Summit BHC is dedicated to serving Veterans with specialized programming at our treatment centers across the country. We recognize and value the unique strengths of the military community in supporting our mission to serve those who have served.