Chief Financial Officer

WE'RE LOOKING FOR CHIEF FINANCIAL OFFICER FOR A HOSPITAL

Job Responsibilities

• Develops a strategic financial plan for the hospital as part of the hospital’s strategic planning

process.

• Works with the hospital Board of Directors, President and CEO, and key units to develop financial

goals and objectives for the hospital.

• Works with department managers and patient care executives to implement financial plans and

productivity benchmarks, and to monitor progress toward the achievement of financial goals.

• Establishes finance operational strategies by evaluating trends; establishing critical measures;

determining production, productivity, quality, and customer-service strategies; designing systems;

maximizing use of resources; resolving problems; implementing change.

• Develops organization forecasts by reviewing economic trends and revenue opportunities,

expansion prospects, analyzing organization operations and identifying opportunities for

improvement, cost reduction, and systems enhancement, accumulating capital to fund expansion.

• Monitors financial performance by measuring and analyzing results; initiating corrective actions;

minimizing the impact of variances.

• Maximizes return on investment on funds by identifying investment opportunities, maintaining

relationships with the investment community.

• Reports financial status by developing forecasts; reporting results; analyzing variances; developing

improvements and setting up the right benchmarks

• Responsible for all financial accounting and reporting, examination of insurance policies to

ascertain that hospital assets are properly insured against losses and that the hospital’s liability

coverage meets the hospital’s management contract requirements; participates in internal work

groups, committees as appropriate for the set-up and review of procedures and internal controls of

the division.

• Ensures that all balance sheet accounts are reconciled on a monthly basis and a system of internal

controls is in place to facilitate a clean audit opinion with no audit adjustments or internal control

deficiencies noted.

• Maintains effective revenue cycle processes to keep patient accounts receivable at an acceptable

level, and increases the hospital’s cash flow.

• Maintains a working knowledge of relevant regulatory issues, professional and industry practices,

as well as government laws and regulations.

• Monitors cash balances and cash forecasts.

• Develops, monitors and analyzes annual budget vis-à-vis annual performance and productivity and

implements necessary improvement plans

Minimum Specifications

• Educational Background: Bachelor’s degree in Accounting, Finance, Business Administration

or any related discipline required; Certified Public Accountant (CPA); MBA or MHA degree

preferred

• At least five (5) years of management experience; healthcare environment preferred.

• An inclusive leadership style that is strong in teamwork; accomplished in the successful

development of high performance, customer-centric teams; a history of leading teams that deliver

customer service excellence.

• Led business process improvement driven by data analytics

• Ability to thrive in a diverse and complex organizational culture; change catalyst

• Superior critical thinking and problem-solving skills.

• Results-driven personality eager to partner with upper management to organize, plan and

achieve company financial goals.

• Exceptional time management and ability to problem solve under pressure.