Chief Financial Officer (CFO)

About the role

The Chief Financial Officer provides leadership and direction to all financial departments for the overall fiscal responsibility of Clinch Valley Health, a 175-bed acute care hospital in Richlands, Virginia. The role oversees financial operations, strategic planning, and reporting to support the hospital’s growth and commitment to high-quality patient care.

Responsibilities

• Administer general accounting, patient business services, third-party reimbursement, financial, and statistical reporting functions in accordance with established policies and accounting procedures.
• Provide direction in data processing, distributed systems, material management, and medical records functions.
• Train and monitor subordinates to ensure fiscal responsibilities are fulfilled.
• Assist the CEO in developing long- and short-range operational plans, including service demand analyses, resource availability analyses, and cost-benefit analyses of proposed capital and staff expansions.
• Develop long- and short-range operational and capital budgets aligned with hospital plans and objectives.
• Prepare cash flow analyses and budget variance analyses; recommend budget modifications as required.
• Assist managers in developing departmental budgets.
• Monitor, interpret, and analyze hospital financial performance to assess progress toward established plans and objectives.
• Identify and report undesirable trends and potential business opportunities, recommending corrective actions.
• Direct preparation of internal financial reports, including work papers for annual financial audits.
• Ensure timely and accurate preparation of financial reports that reliably reflect the hospital’s financial position.
• Lead efforts to reduce operating costs and increase revenues based on market trends, financial reports, and operating procedures.
• Oversee submission of all required financial data and reports to government and regulatory agencies, including payroll tax reports, public disclosure reports, and third-party payor cost reports.

Requirements

• Bachelor’s Degree in Accounting or Finance.
• Knowledge of generally accepted accounting principles.
• Verbal, interpersonal, and quantitative skills acquired through degree completion.
• CPA or Master’s Degree strongly preferred.

Experience

• Minimum of 3 years of experience as a CFO in an acute-care hospital.
• Minimum of three years of progressive management experience in an investor-owned healthcare organization.
• Strong, hands-on, and approachable leadership style with a team-player mentality.
• Outgoing and friendly personality with the ability to motivate and inspire staff while maintaining high employee satisfaction.

Benefits

• Competitive salary and total compensation package.
• 401(k) retirement plan.
• Flexible paid time off (PTO).
• Generous employee incentive bonus (EIB).
• Medical, dental, and vision insurance.
• Tuition reimbursement.
• Employee Assistance Program.