Svp- Chief Financial Officer

Job Profile Summary

The Chief Financial Officer (CFO) leads the financial performance and planning of the health system to ensure financial sustainability. The CFO provides leadership and direction to all financial departments for the overall fiscal responsibility of the health system. As part of the role to achieve financial solvency, the CFO must work with all other types of leaders from supply chain, facilities, human resources, and compliance to help achieve goals while maintaining overall budget performance. The CFO must be both a source of trusted advice while at the same time forecast issues that could lead to negative financial implications for the health system.

Actively participates in outstanding customer service and accepts responsibility in maintaining relationships that are equally respectful to all.

ESSENTIAL FUNCTIONS:

• Assists in identifying revenue stream opportunities

• Administers the general accounting, patient business services, including third-party reimbursement, financial, and statistical reporting functions of the health system in accordance with established policies and accounting procedures.

• Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.

• Assists the CEO in the development of long and short-range health system operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.

• Develops long and short-range operational and capital budgets, which are supported by the health system's strategic plan.

• Prepares cash flow analyses and budget variance analyses.

• Recommends budget modifications as required. Oversees the development of departmental budgets.

• Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the health system.

• Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.

• Directs the preparation of internal financial reports including annual financial audits.

• Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the health system.

• Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.

• Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulatory agencies including payroll tax reports, public disclosure reports and third-party payor cost reports.

• Provides proactive, sound guidance regarding management of assets and investments, and financial trends within the facility.

• Works with department leaders and patient care executives to implement financial plans and productivity benchmarks, and to monitor progress toward productivity goals.

MINIMUM KNOWLEDGE AND SKILLS REQUIRED:

• Demonstrated skills in leadership, management, financial planning, quality improvement and service delivery.

• Extensive knowledge of health system financial programs, policies, procedures.

• Knowledge of TJC (The Joint Commission) standards as they relate to financial practices.

• Ability to maintain knowledge of changes in legislation affecting health system practices.

• Computer skills.

• Strong customer service philosophy.

• Leadership, communication, collaboration, flexibility, decisiveness, visibility and sense of humor.

MINIMUM QUALIFICATIONS REQUIRED: (Experience, Education, Special Certifications)

• Bachelor's Degree in Accounting or Finance and the knowledge of generally accepted accounting principles as well as verbal, interpersonal and quantitative skills normally acquired through completion of this degree is required.

• CPA or Master's Degree required.

• A minimum of 3 years of experience working at the CFO level in a healthcare setting is required.

• Minimum of three years of progressive management experience in a fully integrated healthcare delivery system.

• Must be a strong, hands-on and approachable leader who understands the value of being a team-player and has an outgoing and friendly personality.

• Must understand how to motivate and inspire staff to achieve optimal results, while keeping team member satisfaction high.

REQUIRED BEHAVIORAL SKILLS:

• Integrity:

• A personal presence which is characterized by a sense of honesty and the willingness to do the right thing.

• The ability to role model, inspire and motivate others to promote the philosophy, mission, vision, goals and values of Hutchinson Regional Healthcare System

• Compassion:

• A personal presence which is characterized by a sense of caring that is reflected in a high level of empathy and customer service with all that we come in contact.

• Ability to manage conflict, consider other points of view, and offer alternative solutions without jeopardizing overall project direction and the ability to manage customer expectations.

• Accountability:

• Demonstrated track record of ownership of situations, projects and issues.

• Able to work autonomously and have a high degree of flexibility to adapt to changing projects, priorities and work volumes.

• Respect:

• Demonstrated ability to collaborate with a diverse population.

• Treat all internal and external customers with a positive, proactive service orientation.

• Excellence:

• Strong communication and presentation skills with a proven ability to influence and lead teams to conclusion/decision making.

• Proven ability to think strategically but also must be able to lead day-to-day tactical processes.

• Demonstrated ability to manage and provide coaching and leadership on complex projects.

• Must be able to lead and/or facilitate process improvement.

Key Skills:

• Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, Board of Directors, members, and the general public.

• Mathematical Skills: Ability to work with mathematical concepts such as probability and statistical inferences. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

• Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

• Physical Demands: The physical demands described here are representative of those that must be met by a team member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the team member is regularly required to sit. The team member frequently is required to use hands to finger, handle, or feel objects, tools, or controls and talk or hear. The team member is occasionally required to stand and walk.

• The team member must occasionally lift and/or move up to 25 pounds.

REQUIRED LICENSE/REGISTRATION/CERTIFICATION:

• N/A

PREFERRED LICENSE/REGISTRATION/CERTIFICATION:

• N/A

We offer competitive pay, a generous benefit package and a reason to be proud of what you do, every day.