Chief Financial Officer (CFO) - Mercy Care Atlanta
About the Role
Provides financial stewardship and direction to Mercy Care Atlanta. The Chief Financial Officer (CFO) is responsible for the integrity of all financial information and reporting. The position participates with other senior management to address, interpret, resolve, and monitor a broad and diverse range of financial, operational, and strategic issues. The CFO contributes to the overall management of Mercy Care Atlanta by driving key strategies and financial performance as a member of the Senior Leadership Team. Proactively works in a collaborative manner with other members of the Senior Leadership Team and with Trinity Health System Office and Unified Service Organizations to improve financial performance and attain strategic goals and objectives.
Responsibilities
- Knows, understands, incorporates, and demonstrates Mercy Care Atlanta’s and Trinity Health mission, vision, and values in leadership behavior, practices, and decisions.
- Functions as the business strategy partner for the Chief Executive Officer (CEO), providing direction and leadership in reviewing the organization’s financial affairs and actively pursuing identified strategies and opportunities for operational improvement.
- Oversees all finance functions including financial reporting, accounting, payroll and disbursements, operating and capital budget process, strategic financial planning, financial analysis, forecasting, and decision support.
- Actively supports Trinity Health strategies for the creation and implementation of unified service organizations related to finance, serving as the Trinity Health advocate and client leader for operational integration (e.g., Treasury, Tax, Revenue Excellence, Unified Accounts Payable Organization).
- Drives accountability and partnership through engagement with RHM and USO leaders, leveraging the USOs to gain benefits, driving transparency of information, and seeking assistance from the USOs, System Office, and other RHMs.
- Determines appropriate reserve levels for financial statements in conjunction with the Trinity Health Revenue Excellence and Trinity Health Vice President/Director Financial Operations.
- Communicates with and acts as staff to Mercy Care Atlanta governance, including the Finance and Strategy Committee. Builds a strong collaborative relationship with the Mercy Care Atlanta medical staff and participates in the Integrated Delivery System Councils.
- Develops and oversees budgets which conform to the strategic and financial plans of Mercy Care Atlanta and Trinity Health. Verifies the integrity of the operating budgets by measuring, projecting, and analyzing variances and recommending appropriate action to senior leadership.
- Communicates financial information to RHM management. Reviews key financial indicators on a weekly, bi-weekly, and monthly basis with the Senior Leadership Teams, together with specific recommendations on how to improve performance indicators.
- Works collaboratively with Senior Leadership to monitor daily indicators of activity to support proactive management of operations and cost control, including productivity.
- Leads operational efficiency analysis, planning, and implementation work in collaboration with accountable operational leaders within the RHM.
- Develops, implements, and oversees appropriate financial operating systems, processes, and controls that provide accurate and timely financial information, community benefit reporting, and other external reporting. Coordinates with Trinity Health System Office Finance, Organizational Integrity & Audit Services, and external auditors.
- Ensures appropriate internal controls exist and addresses any deficiencies noted. Oversees accurate and timely filing of Federal and State tax filings in coordination with the Trinity Health System Office Tax Department.
- Monitors Mercy Care Atlanta balance sheets including cash and debt positions and proactively manages capital spending to ensure it is within budget.
- Proactively evaluates financial results by service line/program analysis and benchmarking to identify opportunities and provide substantive advice relative to improving financial performance.
- Develops tools to support employed physician Medical Group managers and service line leaders to proactively manage the balanced dashboard.
- Proactively works with the Medical Group CEO to assure operational improvements and development of the Accountable Care Network.
- Identifies performance trends and future changes, analyzes the impact of these on financial operations, and drives change in operating decisions.
- Identifies, evaluates, and makes recommendations on new business opportunities with a focus on growth. Negotiates or provides input into business transactions, dealings, and contractual arrangements including acquisitions, divestitures, joint ventures, and physician relationships.
- Provides leadership for strategic financial and capital decision making. Coordinates, prioritizes, and leverages strategies and capital investments to maximum benefit across the region.
- Analyzes strategic options and leads ROI analysis, advising the CEO and other senior leadership on best strategic and financial direction.
- Drives the development of a strategic financial plan for the Region and acts as the key partner in strategic capital planning and prioritization of investments to ensure strong long-term financial stewardship.
- Proactively evaluates actual versus forecasted results of strategic capital investments, identifies reasons for variation, and identifies changes needed to further improve results.
- Responsible for direction, formulation, and implementation of overall finance-related policies and objectives. Ensures adherence to Trinity Health financial policies and procedures and compliance with applicable government and other regulatory agency requirements, including generally accepted accounting principles.
- Ensures effective management of all federal, state, county, and private grant funding across Mercy Care, including identification of funding opportunities, grant application strategy, budget development, reporting, and compliance.
- Oversees the financial integrity of all grant budgets, ensuring accurate tracking, forecasting, billing, reconciliation, draw-downs, and audit-ready documentation.
- Ensures timely completion and submission of all grant-related financial reports, programmatic reports, and renewal documentation in accordance with funder and governmental requirements.
- Implements and maintains systems and internal controls to ensure compliance with federal regulations (including Uniform Guidance), state and county contract requirements, and private foundation expectations.
- Provides financial leadership and support for Mercy Care’s fundraising and development activities, including relationship management with philanthropic partners, donor stewardship, fundraising events, and community engagement initiatives.
- Reviews grant-funded program performance and advises senior leadership on financial risk, sustainability, opportunities for expansion, and strategic use of grant resources to advance mission, population health, and service delivery.
- Leads educational programs and provides coaching for Region leadership, management, and colleagues to strengthen clinical business competency.
- Ensures a highly competent Regional finance team through ongoing coaching, development plans, assessment of needs and talents, and recruitment strategies.
- Actively participates in Trinity Health system-wide initiatives providing leadership, support, and engagement to ensure successful assessment and implementation.
- Maintains a working knowledge of applicable Federal, State, and local laws/regulations; the Trinity Health Integrity and Compliance Program and Code of Conduct; as well as other policies and procedures to ensure adherence in a manner that reflects honest, ethical, and professional behavior.
- May be assigned responsibility for additional departments at the discretion of the CEO and with concurrence by Trinity Health Vice President Financial Operations.
Leadership Competencies
As a Trinity Health Executive, the incumbent is expected to demonstrate leadership traits which support our Mission Statement and Core Values as identified below:
Mission Statement: We, Trinity Health, serve together in the spirit of the Gospel as a compassionate and transforming healing presence within our communities.
- Reverence: We honor the sacredness and dignity of every person.
- Commitment to Those who are Poor: We stand with and serve those who are poor, especially those most vulnerable.
- Justice: We foster right relationships to promote the common good, including sustainability of Earth.
- Stewardship: We honor our heritage and hold ourselves accountable for the human, financial, and natural resources entrusted to our care.
- Integrity: We are faithful to those we say we are.
- Safety: We embrace a culture that prevents harm and nurtures a healing, safe environment for all.
Requirements
- A Bachelor’s degree in Business Administration, Accounting, or Finance, or related field required. A Master’s degree or Certified Public Accountant (CPA) is strongly preferred. Healthcare Financial Management Association certification desirable.
- Demonstrated experience overseeing complex grant portfolios, including federal, state, county, and private funding streams with responsibility for grant budgeting, compliance, reporting, and audit readiness.
- Minimum of ten (10) years' experience in financial management with progressively increasing responsibility and a minimum of five (5) years' experience working with government-funded programs (e.g., HRSA, SAMHSA, HUD, CMS, State Medicaid, county contracts) with strong knowledge of Uniform Guidance, Single Audit requirements, and public sector grant management.
- Must possess knowledge of the healthcare environment and key issues associated with hospitals, ambulatory care, and physician alignment, in addition to an in-depth knowledge of all aspects of healthcare finance and strategic financial planning. Experience integrating grant-funded programs into broader organizational financial planning, forecasting, and strategic capital planning.
- Ability to work in a complex matrix reporting environment.
- Excellent customer service orientation skills to deal effectively with various levels of region personnel, governance, physicians, patients, and community groups.
- Advanced analytical, business management, and cost control skills to direct management of financial resources, determine needs for capital equipment, personnel, expense, and revenue budgets.
- Strong verbal and written communication skills to effectively discuss financial issues and performance and foster culture within the Region and Trinity Health.
- Strong leadership/influencing skills with the ability to work effectively within a system, influence others, and achieve results. Advanced interpersonal, management, and organizational skills.
- A personal presence which is characterized by professionalism and executive demeanor.