Chief Financial Officer (CFO)

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PURPOSE: The CFO is responsible for directing the fiscal functions of
the corporation in accordance with generally accepted accounting
principles. The CFO plans, coordinates and supervises the financial and
accounting activities of the corporation to ensure an effective and
efficient operation. The CFO practices financial management using
appropriate techniques and practices within the guidelines of regulatory
and advisory standards.
Essential Job Functions

• Plans, develops, organizes, implements, directs and evaluates the
  

organizations fiscal function and performance

• Participates in the development of the Corporations plans and
  

programs as a strategic partner

• Remains current on rules/regulations of third party payors;
  

formulates strategy related to third party reimbursement mechanisms

• Evaluates and advises on the impact of long-range planning,
  

introduction of new programs/strategies and regulatory action

• Analyses, prepares and interprets monthly hospital financial reports
  

to the CEO/Administrator and Board of Directors; monitors problem
areas that need potential improvement

• Reviews monthly financial statements on a timely basis and
  

researches any unreasonable variances that are discovered

• Directs the formulation of an annual operating budget, which will
  

reflect the goals, and/or objectives of the President/CEO, Board of
Directors, and other executives/managers/supervisors in performing
their responsibilities

• Directs the accurate and timely maintenance of the general ledger
  

and related activities with the assistance of in-house personnel.
Balances bank statements, maintains employee-spending accounts

• Provides technical financial advice and knowledge to others within
  

the financial discipline

• Continual improvement of the budgeting process through education of
  

department managers/supervisor on financial issues affecting their
budgets

• Provides strategic financial input and leadership on decision making
  

issues affecting the organization; i.e., evaluation of potential
alliances acquisitions and/or mergers and pension funds and
investments

• Review/Revision of Revenue Cycle as needed to assure optimum
  

reimbursement to hospital/clinics

• Optimizes the handling of bank and deposit relationships and
  

initiate appropriate strategies to enhance cash position

• Develop a reliable cash flow projection process and reporting
  

mechanism which includes minimum cash threshold to meet operating
needs

• Be an advisor from the financial perspective on any contracts into
  

which the Hospital may enter from a financial standpoint

• Evaluation of the finance division structure and team plan for
  

continual improvement of the efficiency and effectiveness of the
group as well as providing individuals with professional and
personal growth with emphasis on opportunities(where possible) of
individuals

• Selects, develops and motivates a qualified staff to ensure
  

attainment of established objectives

• Participates in special projects as requested by the
  

CEO/Administrator
Additional Duties And Responsibilities Financial activities are completed as scheduled which contribute to the
effectiveness of the department

• Accounting operations are evaluated, updated and completed according
  

to established timeframes

• Board of Directors and various board committees made aware of the
  

financial operations of the facility

• Special projects are completed according to established deadlines
• Ensures a qualified staff achieves established goals and objectives,

which contribute to the effective functioning of the department #J-18808-Ljbffr