Career Center

General Summary of Duties

The Chief Financial Officer (CFO) provides executive leadership and direction for all financial operations of Watson Clinic, a physician-owned, multi-specialty medical practice headquartered in Lakeland, Florida. This is an in-person/on-site role. The CFO is responsible for ensuring the sound financial management of the organization through oversight of accounting, finance, budgeting, capital planning, revenue cycle operations, and management information systems related to financial performance. The CFO serves as a key strategic advisor to the CEO, Physician Board of Directors, and senior administrative leadership, providing financial insight to support strategic planning, operational efficiency, and long-term organizational growth.

Duties and Responsibilities

• Direct and coordinate Clinic activities, program planning, organization, staffing, and procedures for assigned operational departments (Accounting, Revenue Cycle, and related Finance functions).
• Lead the development, implementation, and maintenance of financial policies, procedures, and internal controls to ensure fiscal integrity and compliance with applicable laws and regulations.
• Oversee preparation, review, and analysis of the Clinic’s consolidated financial statements, operating budgets, forecasts, and variance analyses.
• Develop and present financial models supporting new or modified programs, physician recruitment, service-line expansions, and facility or equipment acquisitions.
• Manage capital expenditures for facility expansion, practice acquisitions, and major equipment purchases; maintain relationships with banking and financial institutions to support these transactions.
• Monitor and manage the Clinic’s cash flow, liquidity, and working capital to maintain financial stability and operational effectiveness.
• Ensure accurate allocation and distribution of income to physician partners in accordance with established compensation arrangements.
• Oversee revenue cycle operations to optimize charge capture, billing, collections, and payor relationships.
• Review Clinic operations to identify opportunities for cost containment, efficiency improvement, and resource optimization.
• Evaluate and recommend appropriate insurance coverage levels for the Clinic’s liability, property, and general risk management programs.
• Serve as a staff resource to the CEO, Physician Board, and administrative committees; present financial results, forecasts, and strategic analyses as requested.
• Function as an administrative liaison to the Finance, Audit, and Profit Sharing Committees, ensuring recommendations are implemented in compliance with legal and policy requirements.
• Coordinate external audit activities and tax compliance for Watson Clinic and affiliated entities, ensuring timely submission of all required filings.
• Prepare annual capital and operating budget projections for executive and board review.
• Maintain awareness of evolving healthcare reimbursement models, financial reporting standards, and regulatory requirements impacting physician practices.
• Lead, develop, and mentor finance leadership team members (Controller, Director of Provider Financials, & Director of Patient Financial Services)
• Promote collaboration and open communication within the administrative team and across departments, fostering a high-performance culture that aligns with Watson Clinic’s mission and values.
• Perform other duties as assigned by the Chief Executive Officer as necessary for the sound financial operation of the Clinic.

Supervisory Responsibility

• Controller
• Director of Patient Financial Services (PFS)
• Director of Provider Financials
• Other departmental leaders as assigned

Knowledge, Skills and Abilities:

• Demonstrated ability to lead through influence, build consensus, and manage complex financial operations.
• Strong analytical skills with a proactive, strategic mindset.
• Commitment to ethical financial practices, transparency, and accountability.
• Ability to maintain confidentiality of sensitive financial and organizational information.
• Ability to communicate effectively, both verbally and in writing.
• Ability to multi-task, adapt to changing priorities, and manage in a high-stress environment.
• Must demonstrate sound judgment, critical thinking, and problem-solving ability under pressure.

Qualifications

Required:

• Bachelor’s degree in Accounting, Finance, or Business Administration.
• Licensed Certified Public Accountant (CPA).
• Minimum of 10-15 years of progressive senior financial management experience, preferably as a CFO or equivalent in a large medical group, healthcare organization, or multi-specialty physician practice.
• Demonstrated expertise in financial reporting, forecasting, and strategic analysis.
• Strong knowledge of healthcare reimbursement models and revenue cycle management.
• Proven experience managing capitalization for facilities, acquisitions, and major equipment purchases.
• Excellent interpersonal and communication skills; proven ability to collaborate with physicians and executives.
• Proficient in financial systems and software, including advanced use of Microsoft Excel and other financial analysis tools.
• Some travel is expected for this position (within Central Florida and occasional regional/national meetings) along with the ability to travel to Clinic locations and external meetings.

Preferred:

• Master’s degree in Business Administration (MBA), Finance, Accounting, or related discipline.
• Physician-owned or multi-specialty practice experience; familiarity with partner distributions and physician-comp plan governance.
• Experience with enterprise financial systems or ERP platforms.