Director of Finance

Qualifications/Specifications

Education: Bachelor’s degree from recognized university in field of finance, accounting, or health care administration. Master’s degree preferred.
Licensure/Certification: Certified Public Accountant/Certified Management Accountant or Certified Manager of Patient Account would be preferable but is not required.

Primary Duties

• Recommends yearly budgets for Board and Management Company approval and ensures prudent management of the resources within those budgetary guidelines according to current laws and regulations.
• Ensures that appropriate internal and management controls are established and maintained.
• Ensures revenue cycle, billing, and collections are all optimized for the entity.
• Financial and Revenue Leadership:
  • Leads the overall process of revenue integrity and financial management for the facility.
  • Responsible for financial policies and procedures to enhance the safety of assets or operational efficiency.
  • Responsible for development and dissemination of cash accounting, line-item budgets, forecasts, models, and other data.
  • Provides feedback on the financial or statistical results of operations with suggestions for improvement.
  • Evaluates overall financial position, recommends financial plans and budgets for board approval and monitors expenditures against revenue.
  • Directs development and planning of financial reporting systems.
  • Reviews effectiveness of financial and accounting system, policies, and procedures; directs development and implementation of improvements.
  • Directs financial and revenue integrity team leaders.
  • Collaborate with other senior members in developing major financial plans including capital expenditure programs.
  • Maintains departmental reports and records and collects statistical data for administrative and regulatory purposes.
  • Supervises and coordinates the functions of reimbursements, budget, patient accounting, and general accounting, which includes general ledger accounting, accounts payable, and cashiering.
  • Prepare reports outlining hospital’s financial position in all areas of assets, liabilities, income and expense, based on past, present, and planned future operations.
• Purchasing and Materials Management Leadership:
  • Leads overall purchasing and materials management for the facility.
  • Responsible for development of policies and procedures to enhance the purchasing power to maintain operational efficiency.
  • May direct and oversee planning, practices, procedures, and personnel associated with hospital’s central supply programs.
• Operations Oversight:
  • Recruits, hires, trains, and provides organizational support for the key areas of operational responsibility.
  • Responsible to uncover the issues and concerns affecting efficiency, productivity or morale as it relates to those areas assigned.
  • Completes employee evaluations in a timely manner per company policy.

Key Relationships

• Maintains positive relationships with internal and external customers.
• Is effective in interacting with others and problem solving.
• Proactive in meeting customers’ needs.
• Responds promptly to customer needs or requests.
• Keeps President and appropriate staff members informed of problems; recommends solutions.
• Participates in education/development of peers and other staff.

Initiative

• Develop specific work plans and due dates.
• Follows through on planned assignments within assigned timeframes.
• Effectively prioritizes assignments.
• Demonstrates a willingness to accept extra assignments.
• Adjusts to change, work pressures, or different situations without undue stress.
• Demonstrates skill in developing improvements in work methods.
• Effective in cost control and resource utilization.