Senior Vice President and Chief Financial Officer

3 weeks ago

Gaithersburg, United States Support Center Full time

Support Center

Adventist Healthcare seeks to hire an experienced Senior Vice President and Chief Financial Officer who will embrace our mission to extend God’s care through the ministry of physical, mental, and spiritual healing.

As a Senior Vice President and Chief Financial Officer you will:
• Direction and administration of the financial operations of Adventist HealthCare, including development, interpretation, coordination, and administration of the organization’s policies on finance, accounting, reimbursement, supply chain, internal controls and auditing, entity CFOs.
• Maintenance of records and procedures required to adequately safeguard the assets of the hospitals.
• The CFO participates as a member of the senior leadership team and serves as Chief Financial advisor to the President and Chief Executive Officer (CEO).
• Develops financial alternatives/strategies, provides oversight on all business plans and transactions, following trends to provide guidance in financial issue problem solving with the Board, Medical Staff and Administration.
• The CFO participates in strategic planning and operational planning, in alignment with the organization s objectives and financial business plan.
• Provides advice and counsel to the CEO on business operations, strategic planning and financial management.
• Ensures compliance with federal, state, local, and organizational laws, regulations, guidelines, and best practices, including but not limited to tax laws, generally accepted accounting principles (GAAP), federal acquisition regulations (FAR), and cost accounting standards (CAS).
• Plans, directs and controls the organization’s overall financial plans and policies, accounting practices, and relationships with lending institutions, shareholders and the financial community.
• Participates in strategic operational planning in concert with the organization s goals that contribute toward population health/clinical effectiveness initiatives, new business development, Global Budget Revenue management, cost containment and maximizing productivity.
• Establishes an integrated financial plan of operation (short and long-term) compatible with the healthcare organization s objectives. Prepares annual operating and capital budget for Board approval. Prepares monthly reports to management and the Board that summarizes major variances from budget.
• Establishes an integrated financial plan of operation (short and long-term) compatible with the healthcare organization s objectives. Prepares annual operating and capital budget for Board approval. Prepares monthly reports to management and the Board that summarizes major variances from budget.
• Directs such functions as treasury, budgeting, tax, accounting, insurance activities and various financial administrative functions for the organization and its subsidiaries.
• Oversees development of and coordinates necessary and appropriate accounting and statistical data reports.
• Directs the establishment and maintenance of the organization’s accounting principles, practices, and procedures for the maintenance of its fiscal records and the preparation of its financial reports.
• Reviews, interprets, analyzes, and communicates financial reports and data to leadership, and the Board of Directors, with the use of financial ratio analysis, critically measures the organization s financial position. Serves as staff to Board Finance Committee.
• Appraises operating results in terms of costs, budgets, operating policies, trends, and increased profit opportunities.
• Provides management with a review of accounting, financial and other operations by measuring and evaluating the effectiveness of accounting and management controls.
• Assures the Board and CEO of the adequate internal controls and provides testing of such controls with disclosure to the CEO and the Board.
• Reviews, interprets, analyzes, and communicates financial reports and data to leadership, and the Board of Directors, with the use of financial ratio analysis, critically measures the organization s financial position. Serves as staff to Board Finance Committee.

Qualified candidates will possess:
•Well-prepared academically, with a graduate degree in business administration, accounting, or finance, and/or hold the CPA credential are preferred.
•Candidates must have 10 years of progressive leadership experience in a complex, multi-institutional healthcare system with at least $800 Million in annual net revenue; experience with innovative strategies and solutions beyond traditional primary, acute and tertiary care is strongly preferred, particularly within markets with difficult reimbursement and payor environments.
•Candidates must have 10 years of experience as a CFO within a large hospital or health system environment; additionally, candidates must have demonstrated success in leading an organization through substantive change, even “disruptive” change, candidates with experience in a regional hospital system are highly desired.
•Strategic skills are required along with the demonstrable ability to articulate, generate enthusiasm for, and implement a broad vision.
•A management style which is fair, consistent, open, and inclusive, but emphasizes accountability and measures results. Must demonstrate the ability to make decisive decisions, sometimes quickly and with a sense of urgency.
•Strong leadership/influencing skills are required, with the ability to work effectively within the organization to impact, direct and hold accountable senior leadership to achieve results in a dynamic, changing environment.
•Ideally, have a working knowledge of the unique and challenging Maryland healthcare reimbursement environment.

Work Schedule:

Personal Characteristics

· Candidates must have a high level of integrity guided by a sound set of ethical principles and be able to gain trust quickly; a “uniter” and bridge-builder while also being a “straight-shooter.”

· A strong “system and systems” leader with demonstrated relationship skills that foster trust and teamwork who can skillfully lead and manage significant change with high levels of self-confidence is required.

· Candidates should be confident with a strong sense of self-worth yet must also demonstrate a willingness to credit others with the organization’s success; sense of humility is critical, as is a sense of humor.

· Energy and enthusiasm, yet able to exude a calming influence when needed; even-tempered and able to exhort a spirit of dignity and optimism.

· Ability to lead and conduct conversations that are meaningful, spirited, and necessary to promote an innovative culture and a climate of accountability; at the same time, be flexible and willing to tolerate and even embrace ambiguity in relationships, process and authority.

· Intellectual curiosity and the ability and flexibility to assimilate a complex system required to understand Maryland’s unique regulatory environment.

· Politically savvy with the ability to identify allies on specific issues within the Maryland Hospital Association and state government agencies.

· A creative, pragmatic problem solver who is energized by challenges and change and identifies untapped opportunities to capitalize on within the organization.

· A demonstrated high level of integrity; guided by a sound set of ethical principles.

At Adventist HealthCare our job is to care for you.

We do this by offering:

  • Work life balance through nonrotating shifts

  • Recognition and rewards for professional expertise

  • 403(b) retirement plan

  • Free Employee parking

  • Benefits Eligible Positions:

    • Competitive, comprehensive benefit plans [including health, employer-paid disability and life insurance, PTO]

    • Employer retirement contribution and match after 1-year of eligible employment with 3 year vesting

    • Ancillary benefits such as flexible spending, legal and pet insurance to meet the needs of employees and their eligible family members

    • Subsidized childcare at participating childcare centers

As a faith-based organization, with over a century of caring for the communities in the Maryland area, Adventist HealthCare has earned a reputation for high-quality, compassionate care. Adventist HealthCare was the first and is the largest healthcare provider in Montgomery County.

If you want to make a difference in someone’s life every day, consider a position with a team of professionals who are doing just that, making a difference.


Join the Adventist HealthCare team today, apply now to be considered

COVID-19 Vaccination

Adventist HealthCare strongly recommends all applicants to be fully vaccinated for COVID-19 before commencing employment. Applicants may be required to furnish proof of vaccination.

Tobacco and Drug Statement

Tobacco use is a well-recognized preventable cause of death in the United States and an important public health issue. In order to promote and maintain a healthy work environment, Adventist HealthCare will not hire applicants for employment who either state that they are nicotine users or who test positive for nicotine and drug use.

While some jurisdictions, including Maryland, permit the use of marijuana for medical purposes, marijuana continues to be classified as an illegal drug under the federal Controlled Substances Act. As a result, medical marijuana use will not be accepted as a valid explanation for a positive drug test result.

Equal Employment Opportunity
Adventist HealthCare is an Equal Opportunity/Affirmative Action Employer. We are committed to attracting, engaging, and developing the best people to cultivate our mission-centric culture. Our goal is to have a welcoming, equitable, and safe place to work and grow for all employees, no matter their background. AHC does not discriminate in employment opportunities or practices on the basis of race, ethnicity, color, religion, sex, national origin, age, disability, sexual orientation, gender identity, pregnancy and related medical conditions, protected veteran status, or any other characteristic protected by law.

Adventist HealthCare will make reasonable accommodations for applicants with disabilities, in accordance with applicable law. Adventist HealthCare is a religious organization as defined under applicable law; however, it will endeavor to provide reasonable accommodations for applicants’ religious beliefs.

Applicants who wish to request accommodations for disabilities or religious belief should contact the Support Center HR Office.

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