Chief Financial Officer

3 weeks ago

Chicago, United States Humboldt Park Health Full time

Company Description

Humboldt Park Health is a 100+ year old safety-net hospital located in the Humboldt Park neighborhood of Chicago. We are committed to providing high quality, affordable, and compassionate health services by partnering with patients, their families, employees, and physicians. Our goal is to treat and cure disease and promote wellness through health education, prevention, and early intervention. Our services include in-patient acute care, emergency care, diagnostic services, primary care in a 200-bed hospital, as well as a full-service professional building, community clinics, and two mobile health units.


Role Description

This is a full-time on-site role for a Chief Financial Officer at Humboldt Park Health located in Chicago, IL. The Chief Financial Officer will be responsible for day-to-day financial operations, financial planning, financial reporting, and analyzing financial statements. The role will require strong analytical skills and expertise in finance.


Qualifications

1.      Develops, interprets, coordinates and administers the institution’s policies on finance, accounting, insurance, patient billing, internal controls and auditing.

2.      Reviews, interprets, analyzes and communicates financial information to administration and the Board of Trustees through the Finance Committee of the Board.

3.      Establishes a plan of control by means of a formal budget program, providing a standard of measurement so that actual performance can be evaluated.

4.      Evaluates and recommends changes in the institution’s rate structure.

5.      Establishes the hospital’s goals and objectives consistent with the hospital’s strategic plans and in accordance with the mission philosophy of Humboldt Park Health.

6.      Invests the hospital’s funds in appropriate investments.

7.      Oversees the coordination of reimbursement, budget, patient accounting, and general accounting.

8.      Prepares periodic reports outlining the financial position in all areas of assets, liabilities, income, and expense based on past, present, and planned future operations for the hospital and its affiliate corporations.

9.      Reviews and modifies cost systems and data collection to maximize cost reimbursement for patient services.

10.  Prepares and ensures timely filing of Federal, State, hospital association, third party, real estate tax exempt forms, etc.

11.  Provides for current and adequate insurance to protect the hospital from liability and other losses.

12.  Determines cost impact of personnel policies and programs, such as employee benefit additions or changes, general salary increases, etc.

13.  Hires and regularly evaluates department directors in areas of responsibility.

14.  Maintains management succession plan within the division.

15.  Participates in the Risk Management program of the hospital.

16.  Plans and organizes work, defines assignments, and carries out assignments effectively.

17.  Integrates financial services into the hospitals primary functions.

18.      Coordinates and integrates interdepartmental and intradepartmental services.

19.      Develops and implements policies and procedures that guide and support the provision of financial services.

20.      Recommends a sufficient number of qualified and competent persons to provide satisfactory services.

21.      Determines the qualifications and competence of department personal.

22.      Continuously assesses and improves the performance of services provided.

23.      Maintains quality control programs, as appropriate.

24.      Orientates and provides in-service training and continuing education of all persons in the department.

25.      Recommends space and other resources needed by the department.

26.      Participates in the selection of sources for needed services not provided by the department or the hospital.

 

7-10 years experience as a Director, Finance, VP or CFO. Bachelors degree required, Masters Degree strongly preferred. Healthcare preferred. CPA preferred.

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