VP of Financial Operations

Catholic Health System • West Islip, NY

217d • $280,000 - $320,000

About The Position

The Vice President of Financial Operations (VPFO) for Good Samaritan University Hospital is a senior financial leader who serves as a key partner to hospital leadership in advancing Catholic Health's mission through fiscal stewardship and operational insight. While core financial functions such as consolidated financial reporting, capital planning, and cost accounting are performed by centralized shared services, the VPFO is responsible for leading the development of the hospital-specific operating budget in support of the overall Catholic Health budgeting process, ensuring alignment with system-wide assumptions and initiatives. The VPFO interprets financial data provided by corporate finance to support decision-making, ensure accountability, and drive performance improvement. This role collaborates with service line, clinical, and administrative leaders to analyze trends, conduct root cause analysis of variances, and identify opportunities for operational efficiencies and margin improvement. The VPFO plays a central role in volume planning, supports the development of business plans in coordination with corporate financial planning, and ensures alignment between hospital priorities and system initiatives. The VPFO also ensures that hospital-specific financial practices and deliverables adhere to Catholic Health's standardized policies and procedures.

Requirements

• Bachelor's Degree in Finance, Accounting, or related field required.
• Master's Degree (MBA, MHA) preferred.
• CPA preferred.
• At least 10 years of progressive financial leadership experience in healthcare.
• At least 5 years in a senior financial role within a hospital or integrated health system.

Responsibilities

• Provide expert financial guidance and oversight to hospital leadership.
• Serve as the principal financial advisor to the President and leadership team of Good Samaritan University Hospital.
• Lead the development and execution of the hospital's annual operating budget.
• Collaborate with service lines, medical group and clinical leadership on volume planning.
• Ensure the expense budget aligns with volume assumptions and supports responsible financial stewardship.
• Monitor performance against budget, prepare projections, and initiate remediation plans as needed.
• Understand results of monthly financial reporting provided by corporate finance, including variance analysis and KPIs.
• Interpret and present results to senior leadership (hospital and corporate) and collaborate with system finance to ensure consistency and accuracy.
• Work in partnership with system-level functions (e.g., revenue cycle, coding, documentation, IT, supply chain, HR, accounts payable) in support of system initiatives.
• Liaison between corporate finance functions and hospital operations.
• Collaborate with corporate financial planning and hospital/service line leaders as necessary to develop and evaluate business plans for new hospital initiatives.
• Monitor progress against plans and initiate remediation plans as necessary.
• Prioritize capital requests in alignment with system-level capacity constraints and strategic initiatives.
• Review and approve capital requisitions.
• Ensure alignment with annual capital plan and institutional priorities.
• Responsible for oversight of hospital specific finance needs for development and grants.
• Lead the use of Strata tools to monitor productivity, manage cost centers, and analyze financial statement variances.
• Ensure clinical and operational managers are engaged and accountable.
• Ensure efficiency of hospital Productivity and Position Control meetings.
• Collaborate with physicians, clinical leadership and service line leadership to strengthen financial performance, improve care delivery models, and support service line development.
• Ensure compliance with all relevant financial standards, regulatory requirements, and Catholic Health policies.
• Maintain robust internal controls to safeguard assets.
• Lead and develop a high-performing finance team.
• Foster a culture of accountability, continuous learning, and excellence.

Benefits

• Generous benefits packages.
• Generous tuition assistance.
• Defined benefit pension plan.
• Culture that supports professional and educational growth.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Hospitals
• Education Level: Master's degree