VP Finance-WVUH & UHA

WVU Medicine

50d•Onsite

About The Position

The Vice President of Finance – WVU Hospitals & University Health Associates serves as the primary financial officer for WVU Hospitals & University Health Associates and subsidiaries/affiliates, which include J.W. Ruby Memorial Hospital, WVU Medicine Golisano Children’s Hospital, Fairmont Medical Center, University Health Associates, Healthy Minds United Summit Center, and WVU Hospitals Specialty Pharmacy. The position has direct responsibility for the planning, coordination, and direction of financial activities of the aforementioned entities, which includes strategic planning, budgeting, financial reporting and ensuring operational fiscal health. Participates in the financial and functional decision-making processes for the successful attainment of the operational and strategic goals and objectives of assigned entities. Maintains an awareness of changes in the healthcare regulatory environment that could have an impact on the success of the System or its member hospitals and assists with development of strategies to effectively manage through the changes.

Requirements

Bachelor’s degree in accounting, finance, or business administration.
Master’s degree in business administration (MBA) or CPA certification.
At least eight (8) years’ health care finance experience.
Financial management and supervisory experience in a health care setting.
Strong collaboration, teambuilding, and consensus building skills required.
Demonstrated leadership skills and the ability to provide constructive feedback to team members to support continuous improvement.
High-level problem identification/mitigation/resolution skills.
Computer skills including Microsoft Office (Excel, Word, PowerPoint). Working knowledge of accounting information systems. Ability to adapt and quickly learn other computer applications as required.
Ability to work with and maintain confidential information.

Nice To Haves

CPA certification.
Master’s degree in accounting, finance, or business administration.
Financial management in a hospital and/or a health care system environment.

Responsibilities

Responsible for the planning, coordination, and direction of financial activities of the member hospitals and related subsidiaries/affiliates.
Responsible for the general accounting functions for all assigned entities.
Responsible for the timely preparation of accurate financial statements for all assigned entities.
Monitors the financial performance and financial position of assigned entities to identify variances and key trends that could affect the entity’s and/or System’s financial viability.
Leads the completion and due diligence of comprehensive business plans related to new programs, capital investments and proposed changes in operations, in partnership with local and System leadership teams.
Works closely with management team and physician leaders to identify and execute opportunities to maximize revenue, reduce costs and achieve effective utilization and quality results.
Manages complex funds flow between WVU Hospitals, University Health Associates and West Virginia University School of Medicine and Health Science Center.
Serves as the Financial Representative of hospital joint ventures, including HealthNet and Monongalia Emergency Medical Services.
Oversees the financial support functions of Heart and Vascular Institute, Cancer Institute and Rockefeller Neurosciences Institute.
Establishes and maintains centralized administrative and financial policies for functional areas of responsibility where appropriate to standardize and provide consistency among System entities.
Coordinates reporting on the financial performance and financial position of assigned entities to their respective Finance Committees and Boards of Directors. Direct responsibility for the WVUH & UHA Joint Finance Committee.
Assists with annual external financial statement audits of WVUHS as needed. Assists with corrective action plans regarding management letters and other recommendations for improving and/or correcting deficiencies in accounting system control procedures.
Responsible for long range strategic planning for assigned entities, including identification and assessment of growth opportunities, process improvements, margin enhancements, and resource deployment.
Leads the annual update of long-range financial forecast for assigned entities in order to assess system-wide capital requirements, debt capacity, and cash planning.
Responsible for the completion and oversight of annual operating and capital budgets for assigned entities within the established budget guidelines and parameters.
Maintains an awareness of changes in the healthcare regulatory environment that could have an impact on the success of the System or its member hospitals and develops strategies to effectively manage through the changes.
Demonstrates strategic thinking and effectiveness by identifying future needs and problem areas, developing workable solutions, and following through to action. Works collaboratively with System staff and senior management teams of assigned entities by providing assistance related to financial matters.
Maintains personal development program to improve professional and business skills necessary for high level performance within the position. Attends meetings and seminars to maintain knowledge of current trends and developments in the field and apply information obtained within assigned entities and the System as appropriate.