Vice President & Chief Financial Officer, Treasurer

Riverside Healthcare•Kankakee, IL

34d•Onsite

About The Position

As a key architect of Riverside Healthcare’s long-term financial success to support mission-centered access to care for the region’s healthcare market leader, the Vice President and Chief Financial Officer (CFO), Treasurer provides visionary leadership in financial management, driving operational efficiency, innovative technology, and enterprise growth. This executive role serves as a trusted partner to the President and CEO, guiding Riverside through a dynamic healthcare landscape, optimizing resource allocation, automation, efficiency, and ensuring stewardship and sustainable value creation for patients, employees, and the community. The Vice President/CFO, Treasurer reports directly to the President and Chief Executive Officer, serving as staff liaison to the Board of Directors and related committees. The VP & CFO will shape Riverside’s financial strength and innovation today and for the future, while inspiring purpose, belonging, financial strength, and excellence across the organization. This is a fully onsite position.

Requirements

Ten years in progressively senior healthcare finance leadership positions with experience to include:
Healthcare leadership – Proven success in roles of expanding scope and scale in complex and high-achieving healthcare organizations. Direct experience with an integrated health plan and partnering with payers is desired. Expertise in change management in dynamic, rapidly evolving healthcare environments. Exceptional written and verbal communication skills, listening skills, negotiation, and interpersonal skills; able to influence decision-making at all levels.
Business and Financial Management – Clear understanding of contemporary operational and financial challenges and opportunities in healthcare, with demonstrated ability to manage reimbursement, P&L and revenue/cost drivers, and advancements in healthcare finance. Responsible for leading bond investment process, banking/investor relationships and reporting. Strong business acumen with knowledge of healthcare trends, health system finance, healthcare IT and AI, value-based care models, and regulatory requirements.
Value based care –Leading or facilitating the transition from volume to value-based care in a healthcare enterprise. Strong knowledge of reimbursement models and healthcare policy.
Innovation and Transformation: Forward-looking, strategic partner that helps shape business outcomes. Enabler of informed decisions based on predictive analytics, AI usage, and real-time data, leading to better efficiency, risk mitigation and opportunity identification.
People and Culture - accomplished people leader with demonstrated success in cultivating an inclusive organizational culture. Demonstrated success in attracting, developing, and retaining outstanding talent as well as building and motivating high performing teams.
Master’s degree in Business Administration or related field; CPA required

Responsibilities

Strategic Leadership & Transformation Provides forward-thinking financial leadership to support Riverside’s mission of patient-centered care and long-term stability. Proactively guides the organization through healthcare reform, change initiatives, and emerging industry trends, creating a compelling vision for the financial future. Serves as a strategic partner to operational leadership to strengthen enterprise-wide financial performance and drive operational efficiencies.
Financial Stewardship & Performance Delivers credible, accurate, and timely financial statements and reports, maintaining standards aligned with organizational objectives and health system practices. Ensures compliance with regulations and real-time, data-driven insights for better forecasting, budgeting, and resource allocation. Provides oversight of the 340b program for the health system. Oversees all treasury management, capital strategies, and financing initiatives, optimizing liquidity, investment, and banking relationships. Oversees asset management. as well as banking, investment banking and credit rating relationships. Develops short, intermediate and long range financial strategic plans and anticipates where the organization needs to be in the changing healthcare environment. Is a strategic partner to Operations leadership to strengthen the financial performance of operations within Riverside Healthcare. Leads the continued development of overall operational efficiencies within the Finance and Information Systems divisions. Oversees revenue cycle management, financial operations, materials management, and IT-enabled finance transformation. Champions data-driven decision-making through advanced analytics, financial modeling, and reporting systems, maintain A bond rating performance.
Partnerships, Risk, and Innovation Collaborates with Riverside Medical Group leadership and legal counsel to establish and implement provider compensation models and strategies. Provides leadership for mergers, acquisitions, partnerships, and other strategic growth initiatives. Develop and execute analysis of various business initiatives (e.g., opening new operations, new service launches). Oversees managed care strategy and clinically integrated network relationships in alignment with organizational goals. Guides Health System Information Technology planning and oversight of initiatives to enhance operations, analytics capabilities, and cybersecurity risk mitigation and planning. Champions and guides the responsible use of AI for efficiency, innovation, data modelling, and automation as a key health system strategy. Drives AI strategy to ensure investments align with business goals and deliver a strong return on investment along with assuring governance frameworks to manage AI's financial, security, and operational risks.
Governance & Fiduciary Oversight Directs all responsibilities for the Finance, Audit, and Investment Committees of the Board of Directors. Chairs the Pension Investment Committee, providing fiduciary oversight and ensuring adherence to governance best practices. Is a trusted partner and advisor to the President and CEO and Board on strategic decisions, regulatory matters, and financial opportunities and risks.
Leadership & Influence Builds, mentors, and develops high-performing teams across Finance, Materials Management, IT and Epic, fostering a culture of accountability, collaboration, and excellence with oversight for the entire Revenue Cycle. Provides visionary leadership to inspire and influence diverse stakeholders, including executive leadership, clinical teams, external partners, and the Board. Mentors future leaders within the organization, supporting succession planning and financial acumen and decision making.

Benefits

Riverside Healthcare offers a comprehensive suite of Total Rewards: benefits and nationally rated employee well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so your journey at and away from work is remarkable.
Generous Paid Time Off programs
Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
Health Savings and Flexible Spending Accounts for eligible health care and dependent care expenses
Defined contribution retirement plans with generous employer match and other financial wellness programs
Nationally Ranked Employee Wellness and EAP Programming at no cost
Reduced Rate Health Club membership
Country Club Membership
Financial Planning Support
Employee Health Requirements