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Chief Financial Officer

3 months ago

Columbus, United States SUN Behavioral Columbus Full time

Position Summary:

Responsibilities include the compiling, analyzing and reporting on the financial performance of the facility. Conducts financial analysis to assess the facility's short- and long-term range goals. Uses accepted financial and accounting principles, theories and concepts to ensure sufficient cash flow, reduced costs, and increased revenues.



Position Responsibilities:

Clinical / Technical Skills (40% of performance review)

·        Actively participates in the facility's long-term and short-term financial process; makes recommendations, analyzes deficiencies and reports.

·        Assists with the development of new programs/projects through budget preparations, project specifications, capital investments, pricing and marketing strategies.

·        Researches and develops projections for the financial impact of facility programs and projects, as requested.

·        Compiles, analyzes and reviews data for financial reports; works with existing databases and/or performs research; provides historical trending information for forecasting.

·        Skilled in using computerized operating systems and financial forecasting models.

·        Prepares monthly financial statements, financial packages and other reports as requested. Thorough account analysis, variance determinations, journal entries and facility internal controls. Ensure financials are fairly stated and meet the generally acceptable accounting standards.

·        Develops and presents financial, statistical and operational reports timely as requested.

·        Responsible for annual facility budgetary projections. Assists departmental managers and unit managers in the preparation of annual department budgets.

·        Monitors, analyzes and reports on financial and staffing performance of individual facility departments; makes recommendations as appropriate.

·        Provides assistance to department and unit managers in analyzing and interpreting financial data and reports.

·        Directs and monitors procedures performed by the hospital's accounting, business office and IT departments, and any other direct report, to ensure that all work is completed in an accurate and timely manner.

·        Keeps current with proposed federal and state statutes and regulatory requirements which may impact the facility's financial planning.

·        Monitors industry data to analyze future trends and their impact on budget needs.

·        Consistently completes all assignments in a timely manner, thorough and appropriately detailed.

·        Effectively maintains all required records; demonstrates good organizational skills.

·        Maintains a good working relationship with the Corporate office, facility’s departments, patients/families and other external vendors.

·        Continual management of facility spending required. Ensure internal controls are in place to track spending/purchased, gather proper approvals and ensure proper accrual accounting each month end as required. 

·        Assist in contract negotiations and review of terms that minimize risk and unnecessary costs to the facility. 

·        Prepare pro-formas as needed to support the contract. 

·        Continual monitoring to ensure success and minimize failures of contracted situations.

·        Tests any system modifications and enhancements for the accounting department before implementation. 

·        Documents all testing and re-testing.

·        Assists with the interviewing, hiring, termination and performance evaluations of staff.

·        Monitor and control accounts receivable. Ensure proper reporting of cash collections, contractual adjustments and denials. 

·        Attend morning meetings and hold denial meetings to ensure each patient is monitored accurately and timely from admission through discharge. 

·        Supervises and verifies account postings for accuracy and completeness.

·        Performs monthly reconciliation of all balance sheet accounts and ensure that proper research and resolution of any variance and/or deficiencies in reporting is addressed prior to the next month end. 

·        Process and/or supervise the hospital payroll accurately and timely within the requirements of the federal labor laws and other regulatory agencies. Ensure that the facility HR handbook and benefits are followed. 

·        Process and/or supervise the accounts payable processes. Ensure vendors are paid timely and accurately. Directs the issuing of W-2's and other forms for the IRS.

·        Supervise the information technology of the entire facility. Ensure patient information is secure.

·        Performs other duties as assigned.


Safety (15% of performance review)

·        Strives to create a safe, healing environment for patients and family members

·        Follows all safety rules while on the job.

·        Reports “near misses”, as well as errors and accidents promptly.

·        Corrects minor safety hazards.

·        Communicates with peers and management regarding any hazards identified in the workplace.

·        Attends all required safety programs and understands responsibilities related to general, department, and job specific safety.

·        Participates in quality projects, as assigned, and supports quality initiatives.

·        Supports and maintains a culture of safety and quality.


Teamwork (15% of performance review)

·        Works well with others in a spirit of teamwork and cooperation. 

·        Responds willingly to colleagues and serves as an active part of the hospital team.

·        Builds collaborative relationships with patients, families, staff, and physicians.

·        The ability to retrieve, communicate, and present data and information both verbally and in writing as required

·        Demonstrates listening skills and the ability to express or exchange ideas by means of the spoken and written word. 

·        Demonstrates adequate skills in all forms of communication.

·        Adheres to the Standards of Behavior


Integrity (15% of performance review)

·        Strives to always do the right thing for the patient, coworkers, and the hospital

·        Adheres to established standards, policies, procedures, protocols, and laws. 

·        Applies the Mission and Values of SUN Behavioral Health to personal practice and commits to service excellence.

·        Supports and demonstrates fiscal responsibility through supply usage, ordering of supplies, and conservation of facility resources.

·        Completes required trainings within defined time periods, as established by job description, policies, or hospital leadership

·        Exemplifies professionalism through good attendance and positive attitude, at all times.

·        Maintains confidentiality of patient and staff information, following HIPAA and other privacy laws.

·        Ensures proper documentation in all position activities, following federal and state guidelines.


Compassion (15% of performance review)

·        Demonstrates accountability for ensuring the highest quality patient care for patients.

·        Willingness to be accepting of those in need, and to extend a helping hand

·        Desire to go above and beyond for others

·        Understanding and accepting of cultural diversity and differences



Education

·        Required: Bachelors degree in Accounting, Business Finance, or related field

·        Preferred: Masters degree in Business Administration, Accounting, or Finance area

·        Maintains education and development appropriate for position.



 

Experience

·        Required: Five (5) years of related experience  

·        Preferred: Minimum of one (1) year of experience in a behavioral health setting.