Interim Chief Financial Officer (CFO)
HealthOp Solutions · Phoenix · $200,000 (stated in the posting)
Interim Chief Financial Officer (CFO)
Overview & Highlights
- Location: Phoenix, AZ — Hybrid, with travel to Northern Arizona approximately 1–2 days per week
- Schedule: Full-time
- Compensation: $200,000 annually
- Contract Duration: Initial 3–6 month contract, with the possibility of transitioning into a permanent position.
- Position Type: Interim CFO, with potential for permanent placement
- Benefits: Reviewed during the interview process
- Work Setting: Executive financial leadership within a nonprofit healthcare organization
- Work Arrangement: Hybrid, combining remote work, office responsibilities, and regular on-site visits
- Travel: Approximately 1–2 days per week to Northern Arizona
About the Opportunity
This is a high-impact interim leadership opportunity for a seasoned finance executive who thrives in environments requiring financial stabilization, operational improvement, and strategic planning.
The organization is seeking a CFO who can step in quickly, evaluate current financial practices, identify areas requiring immediate attention, and implement sustainable improvements.
A primary focus will be reviewing historical financial records, addressing reporting discrepancies, improving billing and collections processes, and establishing reliable financial controls.
The Interim CFO will also assess existing financial systems, identify opportunities for better integration, and develop more efficient accounting and reporting workflows.
Beyond immediate financial improvements, this individual will partner closely with the CEO and Board of Directors to strengthen forecasting, support organizational initiatives, and guide long-term financial strategy.
The initial engagement is expected to last 3–6 months, with the possibility of transitioning into a permanent CFO position based on organizational needs and mutual fit.
Why This Role Stands Out
- Potential for Permanent Placement: Begin with a 3–6 month interim engagement that may transition into a long-term executive leadership position.
- Immediate Impact: Take ownership of critical financial improvements, including billing, collections, financial reporting, and accounting processes.
- Executive Collaboration: Work directly with the CEO and Board of Directors on financial strategy and organizational priorities.
- Operational Transformation: Evaluate existing financial systems and implement practical solutions to improve efficiency, integration, and accuracy.
- Strategic Leadership: Lead forecasting, budgeting, financial planning, and preparation for upcoming organizational changes.
- Hands-On Environment: Lead a small finance team while remaining actively involved in day-to-day financial operations.
- Hybrid Flexibility: Phoenix-based hybrid opportunity with approximately 1–2 days per week of travel to Northern Arizona.
- Mission-Driven Organization: Support the financial stability and sustainability of an organization serving Arizona communities.
Key Responsibilities
Financial Assessment & Stabilization
- Conduct a comprehensive assessment of existing financial operations, accounting practices, and reporting procedures.
- Review historical financial records to identify discrepancies, inaccuracies, and areas requiring corrective action.
- Evaluate the reliability of current financial statements and establish processes to improve reporting accuracy.
- Identify financial risks, operational inefficiencies, and opportunities for immediate improvement.
- Strengthen internal controls, financial accountability, and overall financial transparency.
Billing, Collections & Revenue Management
- Assess existing billing, collections, and revenue management processes.
- Identify inefficiencies, revenue leakage, and opportunities to improve cash flow.
- Implement process improvements that support timely collections and accurate financial reporting.
- Collaborate with relevant departments to strengthen financial workflows and accountability.
- Establish sustainable processes for monitoring revenue performance and financial outcomes.
Financial Systems & Process Improvement
- Evaluate the organization's existing financial systems and software environment.
- Identify opportunities to improve system integration, reporting capabilities, and data accuracy.
- Recommend practical solutions to streamline accounting processes and reduce manual inefficiencies.
- Develop and standardize financial procedures, internal controls, and reporting workflows.
- Implement improvements that support long-term financial stability and operational efficiency.
Strategic Financial Leadership
- Lead financial forecasting, budgeting, and short- and long-term financial planning.
- Develop financial models and projections to support organizational changes, strategic initiatives, and operational decisions.
- Partner closely with the CEO to evaluate financial performance and organizational priorities.
- Provide the Board of Directors with accurate financial reporting, strategic recommendations, and actionable insights.
- Identify opportunities for cost optimization, improved financial performance, and sustainable growth.
- Support executive leadership in evaluating new initiatives and financial opportunities.
Team Leadership & Executive Collaboration
- Provide leadership, guidance, and oversight to a small finance and accounting team.
- Establish clear expectations, accountability, and consistent financial processes.
- Collaborate with executive leadership to align financial operations with organizational objectives.
- Balance high-level strategic responsibilities with hands-on involvement in accounting and financial operations.
- Support the development of a reliable, efficient, and sustainable finance function.
Required Qualifications
- Demonstrated ability to provide strategic financial leadership and oversee accounting operations.
- Strong understanding of financial reporting, budgeting, forecasting, and financial planning.
- Experience evaluating financial accuracy, identifying discrepancies, and implementing corrective actions.
- Knowledge of billing, collections, revenue management, and financial process improvement.
- Ability to assess financial systems and recommend operational improvements.
- Strong analytical, problem-solving, and financial decision-making skills.
- Experience leading and supporting finance teams while remaining actively involved in financial operations.
- Excellent communication and presentation skills, including the ability to collaborate with executive leadership and a Board of Directors.
- Ability to quickly assess organizational financial challenges and implement practical solutions.
- Availability to travel to Northern Arizona approximately 1–2 days per week.
- Availability for an initial 3–6 month interim contract, with openness to potential permanent placement.
Preferred Qualifications
- 7–10 years of progressive finance or accounting experience.
- Previous experience in a CFO, Interim CFO, Finance Director, or comparable senior financial leadership role.
- Experience working within healthcare, nonprofit organizations, or similarly complex financial environments.
- Background in financial restructuring, operational improvement, or financial transformation.
- Experience improving billing, collections, and revenue cycle processes.
- CPA certification or MBA preferred, but not required.
This Role Is Likely a Fit If You…
- Have experience stepping into organizations that need immediate financial leadership and operational improvements.
- Enjoy evaluating financial challenges, identifying root causes, and implementing effective solutions.
- Can transition comfortably between executive-level strategic discussions and hands-on financial analysis.
- Have a strong understanding of billing, collections, accounting processes, and financial reporting.
- Are confident presenting financial information and recommendations to executive leadership and Board members.
- Thrive in smaller organizations where adaptability, accountability, and initiative are essential.
- Are interested in an interim leadership opportunity that could develop into a permanent CFO position.
This Role May Not Be a Fit If You…
- Are unable to commit to an initial 3–6 month contract.
- Cannot travel to Northern Arizona approximately 1–2 days per week.
- Prefer a purely strategic executive position without hands-on financial responsibilities.
- Are uncomfortable working with historical accounting discrepancies or financial systems requiring improvement.
- Have limited experience with billing, collections, or financial process improvement.
- Prefer managing large finance departments rather than leading a smaller, hands-on team.
- Are uncomfortable presenting financial findings and recommendations to executive leadership or a Board of Directors.
Why Join Us?
Join a mission-driven nonprofit healthcare organization seeking an experienced financial leader to help strengthen its financial foundation and prepare for future growth.
As Interim CFO, you will have the opportunity to make meaningful improvements to financial operations and reporting
Requirements
- Knowledge of billing, collections, and financial process improvement.
- Ability to assess financial systems and recommend operational improvements.
- Strong communication skills and ability to collaborate with executive leadership and a Board of Directors.
- Ability to lead a small team while remaining actively involved in financial operations.
- Availability to travel to Prescott, AZ, approximately 1–2 days per week.