Chief Financial Officer Jobs

About The Position

Requirements

• At least 10 years of progressive financial healthcare or equivalent experience in general accounting, operations, financial systems, financial statement preparation, review and analysis, multidisciplinary management, and ethics.
• Bachelor’s degree in finance or accounting.
• Successful experience as a Chief Financial Officer in a highly competitive market.
• Substantial financial management experience in financial operations, strategic and financial planning, contracts, reimbursement, budgeting, and capital financing in a complex environment.
• Experience participating in and supervising managed-care contract negotiations.
• A referenceable track record in facility finance, identifying issues, and making decisions that improve financial performance.
• Thorough understanding of healthcare trends and the ability to anticipate opportunities.
• Good organizational and prioritization skills, with the ability to manage financial activities and work successfully under pressure.
• Ability to explain complex finance, operational, and compliance issues in terms readily understood throughout the organization.
• Ability to build consensus, work across functional lines, and engage diverse resources to achieve results.
• Broad financial perspective, collaborative team approach, comfort with ambiguity, and ability to translate organizational vision and mission into practical financial strategy.
• Strong listening, communication, direction-setting, and presentation skills, including excellent oral and written communication.
• High personal and professional integrity, credibility, and ability to make difficult decisions while earning the respect and support of peers, senior leadership, and medical staff.

Nice To Haves

• MBA, MHA, and/or CPA designation.
• Experience working collaboratively in a complex, matrix healthcare organization.

Responsibilities

• Analyze daily operating results to ensure revenues, expenses, and labor are within budget; advise department heads and administration about needed changes and improvements.
• Establish and maintain financial controls and record keeping, and approve expenditures up to the level established by the CEO.
• Monitor government regulatory requirements and changes in reimbursement, and develop or implement policy and procedure changes as needed.
• Ensure facility financial operations are conducted ethically and responsibly.
• Establish and monitor the annual operating budget in accordance with sound budgeting principles and home-office guidelines; coordinate workforce plans and salary and benefit proposals with Human Resources and other departments.
• Evaluate the facilities’ financial position; prepare periodic financial and operating reports; and ensure consistent financial, accounting, and reporting processes.
• Prepare financial forecasts, monitor performance against budget, consolidate results, prepare rolling 90-day forecasts, and implement cash-management controls.
• Coordinate with senior leadership on strategic and financial plans, including capital expenditure programs.
• Review the effectiveness of financial and accounting systems and direct the development and implementation of new systems, policies, and procedures as required.
• Analyze the feasibility and financial prospects of new businesses and programs, including managed-care contracts.
• Complete administrative duties, including signing documents, preparing reports, conducting performance appraisals, and handling other employee-related actions.
• Identify and independently assess financial risks, establish and monitor mitigation plans, and communicate financial risks and opportunities to the Group CEO and Facility CEO.
• Monitor financial performance and maintain appropriate financial plans and forecasts.
• Collaborate with home-office support functions, including Compliance, Accounting/Financial Reporting, Information Systems, Internal Audit, Legal, and Treasury.
• Monitor and improve revenue-cycle processes through rate setting, charge capture, managed-care negotiations, and cash collections.
• Evaluate capital-project investments and ROI, and manage capital spending in accordance with capital cash-flow projections.
• Participate in facility and market strategy development and implementation.
• Demonstrate financial and operational leadership, including planning, contracts, budgeting, capital financing, cash management, compliance, internal controls, audits, and SOX reporting.
• Identify business-plan gaps, assess external factors and trends, and refresh the financial outlook and strategy as needed.
• Pursue revenue-generation and performance-improvement opportunities with facility, market, and home-office partners.
• Communicate financial insights effectively and collaborate with managers and physicians to improve short- and long-term results.
• Establish financial goals, targets, and metrics; maintain planning and reporting rigor; analyze performance; and recommend or execute corrective action.
• Build consensus across stakeholders and maintain high standards for financial statements, reports, business plans, manpower plans, and internal controls.
• Develop organizational talent through role design, feedback, coaching, development plans, bench-strength assessments, and recruitment or promotion planning.

Benefits

• Position may be eligible for an annual incentive plan bonus of 10%–50%, depending on role level.
• Management-level positions may be eligible for sign-on and relocation bonuses.