Director of Finance

Job Description

Job Description

** Onsite position**

Job Profile Summary

This position is responsible for directing the sound financial management through planning, coordinating, and monitoring activities. This leader works with site leadership team to oversee the operations through strategic planning, financial planning processes, financial analyses, and compliance activities.

Essential Functions

• Senior Finance Leader: Serve as the senior finance leader providing expert guidance on financial matters and contributing to the overall strategic direction of the care site.
• Healthcare Finance Expertise: Demonstrate a thorough understanding of healthcare finance and economics, applying this knowledge to drive financial strategies and decision-making. Educate leaders on healthcare finance and economics by providing resources that enhance their understanding of financial principles and their impact on patient care and hospital operations.
• Operating and Capital Plans: Develop short and long-term operating and capital plans, ensuring alignment with the care site and region/enterprise strategic goals. Ensure accountability for plans by monitoring progress, managing resources, and implementing corrective actions to achieve both short and long-term financial objectives.
• Strategic Planning: Support and develop strategic plans and initiatives, contributing to the care site growth and sustainability.
• Financial Analysis and Recommendations: Reviews or prepares comprehensive financial analyses and feasibility studies, making recommendations based on the results to support informed decision-making.
• Compliance and Controls: Oversee financial transactions and maintain strong financial controls to safeguard assets and ensure accuracy, compliance, and integrity in all financial activities. Partner with Compliance, Accounting, Internal Audit and others to support compliance efforts, ensuring adherence to regulatory requirements and internal policies.
• Contracting Participation: May participate in the contracting process, including, but not limited to, physician, supply chain, and payer contracting (e.g., commercial and government), to optimize financial agreements and relationships.
• Operational coordination: May be responsible for coordinating aspects of enterprise services with care site operations (e.g., revenue cycle, supply chain, environment of care) and ensure operational efficiency and effectiveness.

Skills

• Financial Analysis
• Healthcare Operations
• Communication
• Strategy
• Demonstrated expertise in financial analysis and healthcare operations.
• Experience directly managing staff with the ability to coach and mentor finance professionals.
• Detail oriented with excellent organizational and analytical skills. Flexible and adaptable to change.
• Excellent communication skills (both written and oral) with the ability to communicate with all levels of the enterprise including staff, management, and physicians.
• Strong computer skills with experience in spreadsheets, word processing and the Internet.

Qualifications

• Bachelor's degree in finance, accounting, business/healthcare administration or related field from an accredited institution is required. Education is verified.
• Strong written and verbal communication skills and experience communicating with various organizational levels.
• Experience working with spreadsheet, word processing, and Internet programs.

Preferred Qualifications

• Master's in finance, accounting, business/healthcare administration or MBA is preferred. Education is verified.
• CPA, CHFP or FHFMA
• Seven years of progressive financial experience.
• Experience with and a working knowledge of healthcare revenue cycle operations, supply chain, payer contracting, and Medicare/Medicaid cost reports.

Physical Requirements

• Ongoing need for employee to see and read information, documents, monitors, identify equipment and supplies, and be able to assess customer needs.
• Frequent interactions with providers, colleagues, customers, patients/clients, and visitors that require employee to verbally communicate as well as hear and understand spoken information, needs, and issues quickly and accurately.
• Manual dexterity of hands and fingers to manipulate complex and delicate equipment with precision and accuracy. This includes frequent computer use for typing, accessing needed information, etc.