Director of Finance

About the role

Assists the CEO in the management of the fiscal services department, including the development, interpretation, coordination, and administration of the hospital’s policies on finance, accounting, insurance, financial/accounting systems, internal controls, and auditing. Maintains departmental reports and records and collects statistical data for administrative and regulatory purposes. Coordinates the functions of reimbursements, budget, patient accounting, medical records, admissions and general accounting, which includes general ledger accounting, accounts payable, and cashiering. Prepares report outlining hospital’s financial position in all areas of assets, liabilities, income and expense, based on past, present, and planned future operations.

Responsibilities

• Ensures accuracy and completeness of the hospital’s financial statements.
• Captures all financial activities for the hospital and manages multiple subordinate department managers who supervise staff members in multiple departments that may include, but is not limited to: Admitting, Business Office, Accounting, Medical Records and Materials Management.
• Trains subordinates in relevant areas and monitors their performance to ensure fiscal responsibilities are met.
• Participates in the hospital’s long-term and short-term financial process.
• Adheres to all financial policies and procedures as established by the Corporation through its Board of Directors.
• Provides advice and guidance and assists as necessary in preparing and analyzing financial reports/statements in conformance with standard accounting practices and guidelines and executes appropriate responsive actions.
• Develops, designs and provides for a written scope of services, departmental policies and procedures that guide and support the provision and integration of services according to mission and vision of the hospital.
• Directs the coordination and integration of departmental services with other departments and the hospital's primary functions.
• Communicates the hospital’s mission, vision, and plans with staff that guides them in their day-to-day activities. Promotes and motivates staff members to implement department and hospital operational, programmatic and other plans.
• Recommends and determines the sufficient number of staff to provide services and defines qualifications, performance expectations and competence of each person.
• Provides for orientation, in-service training, continuing education, annual performance and competency reviews of department personnel to ensure staff is competent to provide services.
• Participates in hospital and departmental performance improvement activities to measure and assess the quality of services provided.
• Evaluates data processing needs on an ongoing basis and recommends programs to changing needs.
• Participates in the analysis of the financial implications of proposed capital projects and expenditures and recommends the execution of appropriate measures to respond to projected economic trends and/or regulatory changes.
• Reviews contracts and makes recommendations regarding the viability of the contracted service, the cost of the program/service and general conditions of the contract.
• Provides advice and assistance to department heads and managers in analyzing and interpreting financial data and reports and in presenting that information to their departments and/or physician groups.
• Ensures that accurate information is provided on a timely basis and assists, as needed, in facilitating the efficient conduct of external audits, examinations and related financial projects.
• May assume the administrative responsibilities of the CEO in his/her absence.
• Attends medical staff meetings or committee meetings, as assigned. Informs CEO of meeting proceedings and recommends action, as necessary.
• Represents the hospital by membership in related professional associations.
• Takes Administrative Call as assigned.

Requirements

• Bachelor’s degree in Accounting or Finance.
• Minimum 3 years’ prior management experience in a hospital or healthcare setting.
• Equivalent combination of education, training, and experience may substitute for education requirements.
• Licensed Certified Public Accountant preferred.

Qualifications

• Excellent oral and written communication and interpersonal skills.
• Basic computer skills with working knowledge of Microsoft Office applications, Patient Accounting systems and General Ledger systems.
• Thorough knowledge of accounting, finance, reimbursement, budgeting, credit and collection as relates to healthcare.
• Ability to spend a limited amount of time on travel required.

Skills

• Excellent oral and written communication and interpersonal skills.
• Basic computer skills with working knowledge of Microsoft Office applications, Patient Accounting systems and General Ledger systems.
• Thorough knowledge of accounting, finance, reimbursement, budgeting, credit and collection as relates to healthcare.

Benefits

• Comprehensive benefits program and resources to support healthy lifestyles for you and your family.
• Retirement Plan.

Pay

Details about pay are not specified in the job posting.

Schedule

Details about the schedule are not specified in the job posting.