DIRECTOR OF FINANCIAL OPERATIONS

Riverside Healthcare • Kankakee, IL

5d

About The Position

Reporting to the Vice President & Chief Financial Officer, the Director of Financial Operations is a strategic finance leader and trusted business partner responsible for financial performance, operational excellence, and data-informed decision-making across the organization. The Director oversees strategic finance, revenue analysis, payer structures, and financial and analytic operations that support financial effectiveness, service excellence, and high-quality patient care.

The Director partners with clinical, operational, departmental, and executive leaders on annual operating and capital budgeting, long-range financial planning, forecasting, and performance improvement. The role ensures transparent communication of financial results, productivity, resource utilization, KPIs, and variance analyses, while identifying trends, risks, and opportunities to improve financial performance. It also oversees regulatory compliance and cost reporting, provides leadership for revenue and labor productivity strategies, and leads and develops a high-performing finance team.

The position is based primarily indoors. The listed workday includes sitting 90% of the time and standing 10%, with occasional lifting of up to 10 pounds. It involves extensive typing and data entry, use of video display terminals, and speech, vision, hearing, and touch for presentations, communication, meetings, reading, and computer work. The role may involve exposure to chemicals and video display terminals; protective clothing is not required.

Requirements

• Master's degree in Finance, Accounting, Business, or a related field.
• 7–10+ years of progressive healthcare finance experience, including leadership responsibility in a hospital, health system, or complex healthcare organization.
• Expertise in hospital financial operations, including labor productivity, revenue-cycle performance, Medicare and Medicaid reimbursement, and operating and capital budgeting.
• Strong strategic, analytical, and financial modeling capabilities, including translating complex data into executive-level insights.
• Ability to partner effectively with clinical leaders, physician groups, operational teams, and executive leadership.
• Exceptional communication and presentation skills, including confidence engaging in high-level forums and addressing complex financial issues.
• Experience leading change, driving performance improvement, and developing high-performing teams.
• High integrity, sound judgment, and alignment with organizational values.
• Proficiency in ERP and financial systems, with strong data visualization and reporting capabilities.

Nice To Haves

• CPA.

Responsibilities

• Partner with the Vice President & CFO to set and execute the organization's financial strategy and oversee operational financial performance.
• Lead financial planning, budgeting, forecasting, and long-range financial modeling, including annual operating and capital budgets.
• Ensure compliance with regulations, standards, and directives from regulatory agencies and third-party payors.
• Oversee preparation and submission of Medicare, Medicaid, and other third-party cost reports.
• Partner with clinical, operational, and departmental leaders to turn financial data into actionable insights on productivity, resource utilization, service-line performance, and revenue optimization.
• Develop and oversee financial analytics, benchmarking, and KPI dashboards to support transparency, accountability, and continuous improvement.
• Analyze financial and operational trends, variances, and risks, and develop and implement corrective action plans.
• Lead revenue analysis, payer structures, and labor productivity strategies to support margin improvement and sustainable growth.
• Maintain effective financial controls, policies, and procedures in accordance with regulatory, audit, and governance standards.
• Lead, mentor, and develop the finance team and foster communication, engagement, collaboration, and accountability.
• Support initiatives that enhance community relationships, physician alignment, and the organization's reputation and mission.

Benefits

• Paid Time Off programs.
• Medical, dental, vision, life, and short- and long-term disability benefits.
• Health Savings and Flexible Spending Accounts for eligible healthcare and dependent-care expenses.
• Defined contribution retirement plans with employer match and other financial wellness programs.
• Educational Assistance Program.
• Leadership Development.
• Opportunity for annual increases based on performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director