Responsibilities

Executive Leadership

· Serve as a member of the Senior Leadership Team.

· Participate in organizational strategic planning.

· Contribute to enterprise-wide decision making beyond the finance function.

· Advise the CEO and leadership team regarding financial implications of strategic initiatives.

· Evaluate potential partnerships, business ventures, affiliations, service expansions, and capital investments.

· Support organizational performance improvement initiatives through financial analysis and business planning.

· Foster a culture of accountability, stewardship, transparency, and continuous improvement.

Financial Strategy and Planning

· Lead development of LifeFlight's long-range financial strategy.

· Develop financial models and forecasts supporting organizational planning.

· Prepare multi-year operating and capital projections.

· Monitor financial performance against strategic objectives.

· Analyze reimbursement, payer mix, utilization trends, workforce costs, and operating performance.

· Recommend corrective actions when financial performance varies from targets.

Accounting and Financial Management

· Oversee all accounting functions in accordance with GAAP, FASB standards, and nonprofit accounting requirements.

· Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.

· Oversee cash management, treasury activities, accounts payable, accounts receivable, fixed assets, investments, debt compliance, and financial reporting.

· Maintain strong internal financial controls.

· Ensure completion of tax filings, audits, and required financial reporting.

· Oversee organizational purchasing and financial policies.

Budgeting and Forecasting

· Direct enterprise budget development.

· Lead annual operating and capital budgeting processes.

· Develop rolling forecasts and financial projections.

· Support department leaders in budget development and variance management.

· Increase leadership capacity across the organization by improving financial acumen.

· Present budget recommendations to executive leadership and the Board.

Revenue Cycle Oversight

· Provide executive oversight of revenue cycle operations.

· Monitor reimbursement performance, denial management, collections, and cash flow.

· Develop strategies to improve revenue capture and payer performance.

· Partner with operational leaders to address billing and reimbursement challenges.

· Monitor state, federal, and commercial payer developments that affect organizational revenue.

· Serve as the primary contract negotiator for payer contracts.

Foundation and Philanthropic Support

· Support financial planning and stewardship activities of the LifeFlight Foundation.

· Provide financial analysis related to fundraising initiatives, endowment management, and restricted funds.

· Collaborate with Foundation leadership on long-term funding strategies.

· Assist in developing financial sustainability models for strategic fundraising initiatives.

Governance and Board Relations

· Serve as primary financial liaison to the Board of Directors and Finance Committee.

· Present regular financial reports and recommendations.

· Support Audit Committee and Investment Committee activities as assigned.

· Assist with preparation of financial materials for board meetings.

· Ensure leadership and board members understand key financial risks and opportunities.

Risk Management and Compliance

· Develop and maintain enterprise financial control systems.

· Ensure compliance with contractual, regulatory, grant, lender, and nonprofit requirements.

· Monitor debt covenants, insurance requirements, and financial risks.

· Support organizational enterprise risk management activities.

· Ensure compliance with IRS regulations applicable to nonprofit organizations.

· Oversee financial aspects of corporate compliance activities.

Leadership Responsibilities

· Recruit, develop, and retain high-performing finance personnel.

· Establish performance expectations and accountability measures.

· Promote collaboration across departments and entities.

· Mentor future finance leaders.

· Create a culture of service, responsiveness, and professionalism.

Required Qualifications

Education

· Master's degree in Business Administration, Finance, Accounting, Healthcare Administration, or related discipline.

· The following may be considered in lieu of a Master’s degree:

· Bachelor’s Degree with at least 10 years of healthcare administration experience with sophisticated financial responsibility, or an associate's degree with at least 15 years of healthcare administration experience with sophisticated financial responsibility.

Certifications

One or more of the following required:

· CPA

· FHFMA

· CHFP

· CMA

Experience

· Minimum ten years of progressively responsible finance experience, including accounting and revenue cycle management.

· Minimum five years of senior leadership experience.

· Experience leading budgeting, forecasting, accounting, audit, and financial reporting functions.

· Experience presenting to Boards of Directors and executive leadership teams.

· Experience within healthcare, aviation, nonprofit organizations, emergency medical services, or similarly regulated industries strongly preferred.

· Experience with contract negotiation and management.

· Experience with revenue cycle oversight.

Physical Requirements / Working Conditions

· Primarily office and hybrid work environment.

· Frequent computer usage and financial systems work.

· Regular travel throughout Maine.

· Occasional evening and weekend meetings.

· Occasional out-of-state travel for conferences, training, or organizational business.

· Occasional participation in fundraising events and activities.

LifeFlight Executive Leadership Expectations

As a Vice President, this role carries enterprise accountability for organizational outcomes, participates in executive planning and resource allocation activities, influences strategy beyond the finance function, and represents LifeFlight externally as appropriate.

Chief Financial Officer