Alaska Native Medical Center-Chief Financial Officer
2 months ago
Alaska Native Tribal Health Consortium is proud to be an equal opportunity employer. Alaska Native Tribal Health Consortium prohibits any policy or procedure which results in discrimination on the basis of race, color, national origin, gender, gender identity or gender expression, pregnancy, sexual orientation, religion, age, disability, military status, genetic information or any other characteristic protected under applicable federal or state law.
Summary:
The ANMC Chief Financial Officer works to ensure the financial viability of Alaska Native Medical Center (ANMC) by establishing and monitoring financial plans and budgets. Helps manage the financial affairs of the hospital in accordance with business unit goals, sound business practice, organizational policies and compliance with various government regulatory requirements. Helps ensure the administration of the organizational policies on finance, accounting, finance/accounting systems, internal controls, and auditing. This position will report to the Senior Vice President of Finance and will partner with ANMC Administrator.
Responsibilities:
- Develops and manages strategies to assure effective financial planning and analysis.
- Reviews ANMC strategies and determines financial resource requirements and goals.
- Develops tactical goals for the division; determines scope and priorities of projects; coordinates resources required to achieve goals.
- Supervises the ANMC financial reporting and budgeting function; monitors analysis of budget and financial variables, revenue cycle and financial planning activities.
- Exercises strong leadership skills to direct subordinate financial professional staff managing a comprehensive spectrum of financial functions.
- Exercises independent analysis and judgment and a high degree of adaptability to develop innovative approaches for resolving complex health care financial issues.
- Provides financial advice to executive management including making and/or negotiating fiscal- and revenue-related decisions for budgetary and strategic planning.
- Monitors and reviews regional trends in healthcare financial management, and recommends technical improvements.
- Manages and schedules assigned staff. Develops goals and priorities, and assigns tasks and projects. Develops staff skills and training plans. Counsels, trains and coaches financial and operations managers. Implements corrective actions and conducts performance evaluations.
- Monitors cash flow and prepares annual/monthly cash flow forecasts.
- Implements strategies to optimize revenue cycle performance and reduce days in accounts receivable.
- Coordinates with the Consortium Operations Team and other operating personnel to ensure accurate and timely monthly financial reporting and end user needs are met.
- Ensures compliance with federal, state, and local regulations, including healthcare-specific financial regulations.
- Prepares and presents financial reports in coordination with the Consortium Operations and Enterprise Finance Teams to the executive team, board of directors, and other stakeholders.
- Implements any new accounting policies/procedures as necessary to achieve company objectives and/or to comply with regulatory requirements.
- Performs other duties as assigned.
Knowledge and Skills:
- Knowledge of hospital operations and the revenue cycle processes.
- Knowledge of business office operations (hospital or ambulatory).
- Knowledge of generally accepted accounting principles, practices and their applications.
- Knowledge of related federal, state and local laws, codes and regulations.
- Knowledge of the principles and practices of cost accounting, budgeting and strategic planning.
- Knowledge of continuous quality improvement concepts, theories, and application.
- Skill in managing large and complex budgets, and general accounting systems.
- Skill in analyzing and evaluating accounting and internal control methods and financial reports.
- Skill in interpreting and applying federal, state and ANTHC financial policies, procedures and regulations.
- Skill in analyzing financial issues and making logical recommendations based on findings.
- Skill in effectively managing and leading staff, and delegating tasks and authority.
- Skill in assessing and prioritizing multiple tasks, projects and demands.
- Skill in establishing and maintaining effective working relations with co-workers, contractors, and representatives from other local, state and federal agencies.
- Skill in operating a personal computer utilizing a variety of software applications.
- Skills in managing quality improvement initiatives, including redesigning processes, establishing metrics, and leading quality teams.
Minimum Education Qualification:
Master’s degree in Business Administration, Finance, Accounting, Hospital Administration or a related field. Progressively responsible professional work experience in healthcare may be substituted on a year-for-year basis for college education.
Minimum Experience Qualification:
Non-Supervisory– Seven (7) years of CFO or in an executive/management level position at an organization of similar size and complexity. An equivalent combination of relevant education and/or training may be substituted for experience. AND Supervisory– Five (5) years of healthcare financial management experience at the director level or above.
Preferred Experience Qualification:
Financial management experience at a senior director level preferred.
Preferred Certification Qualification:
Certification by the Healthcare Financial Management Association or Certified Public Accountant (CPA) preferred.
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