Chief Financial Officer

Prime Healthcare Management Inc•Chicago, IL

57d•$250,000 - $280,000

About The Position

The Chief Financial Officer leads the financial operations of one of Prime Healthcare’s hospital facilities. The role carries out policies and procedures established by the Governing Board, provides periodic reports on the hospital’s financial activities, and plans, organizes, and guides department activities while ensuring financial records are maintained in accordance with generally accepted accounting standards. The CFO prepares annual operating, capital expenditure, and cash flow budgets for approval; supervises financial affairs to ensure funds are collected and spent effectively within approved budgets; and sets and meets goals using criteria that measure outcomes. The position calls for flexibility in response to changing priorities, analytical problem-solving, contribution to organizational performance improvement, and an ability to connect processes and systems with broader organizational objectives. The CFO is expected to support the organization’s mission, philosophy, and goals.

Requirements

Bachelor’s degree in Accounting, Finance, or a closely related field.
Extensive knowledge of healthcare accounting practices and principles.
Progressively responsible position in the accounting profession.
Five to seven years of experience in hospital accounting or finance.
Experience managing hospital financial matters related to budgeting, cash management, capital finance, and performance evaluations.
Proficiency with end-to-end hospital revenue cycle operations.
In-depth knowledge of insurance matters, regulations, reimbursement, information systems, and plant operations.
Familiarity with computer accounting programs.

Nice To Haves

Two years of management experience preferred.
CPA preferred.
Membership and active participation in ACHE and/or another professional organization preferred.

Responsibilities

Carry out policies and procedures established by the Governing Board in accordance with the hospital’s philosophy and practices.
Present periodic reports reflecting the hospital’s financial activities to the Governing Board or its authorized committees.
Plan, organize, and influence department activities, and ensure hospital financial records are maintained according to generally accepted accounting standards.
Prepare annual operating, capital expenditure, and cash flow budgets and submit them for approval.
Supervise financial affairs to ensure funds are collected and expended to the best possible advantage and within approved budgets.
Set realistic goals and meet them using criteria that measure effective outcomes.
Adapt work schedules and assignments to meet changing demands and priorities.
Use analytical abilities and other tools to resolve complex problems.
Identify problems and possible solutions and contribute to organizational performance improvement.
Connect processes, events, and systems while balancing process orientation with big-picture thinking.
Support the organization’s mission, philosophy, and goals.