Director of Finance_Hometown Health
3 weeks ago
Under the general direction of the CFO and by working with other leaders throughout Hometown Health and Renown Health, the incumbent is responsible for the identification, development and enhancement of reports, systems, policies and procedures to allow for accurate and timely monitoring and reporting of operating results versus established goals, best practices and benchmarks. The incumbent is responsible for regularly and routinely identifying financial improvement opportunities including enhancing and improving insurance product designs, pricing, costs and other underlying operational efficiencies and processes. The incumbent is responsible for presenting those opportunities as tenaciously clear information to various stakeholders throughout the organization.
Nature and Scope:
Reporting to the CFO - Hometown Health, the incumbent is responsible for the identification, development and enhancement of reports, systems and procedures to allow for the accurate and timely monitoring and reporting of operating results and financial improvement opportunities. In this role, the incumbent will assist in the development of plans that support the insurance entity and promote its ability to develop and maintain success as a profitable division of Renown Health in an environment of increased government oversight, required and mandated medical loss ratios, increased competition and potential for reduced demand for insurance products. A critical aspect of this position is the oversight of insurance product underwriting to ensure potential future risks are mitigated in the pricing of the company's insurance products. The position is responsible for all monthly financial reporting, administrative cost management, operating and capital budget planning, five-year financial planning, business case development, product pricing and related premium billing and enrollment and other assignments as deemed necessary to the success of the business.
The position is responsible for partnering with the operational leaders within Hometown Health and Renown Health by providing financial information for decision-making. The position has frequent contact with all levels of management and employees by providing advisory and ongoing training and support in the appropriate use of the hospital's financial data. This position is the key leader in implementing a customer service focused department to ensure that the internal and external customers' financial needs are met timely. This position will also interact with the Nevada Division of Insurance on an ongoing basis. The incumbent may also interact regularly with the company's self-funded employer groups and independent insurance brokers to ensure their needs are met. In addition, the position ensures that the internal financial staff understands the operational scope of the services provided to each department and the primary business purpose of efforts undertaken by the Team.
Some of the challenges of this position include leading a finance team that provides timely and accurate information. Meeting the high demands of the internal sales team as well as external insurance brokers. The incumbent must be capable of and comfortable with shifting priorities at a moments notice and as information and organizational needs change. The position is challenged with providing continuous communication regarding the status of financial requests and other deliverables.
This position has access to proprietary information and has contact with external organizations and customers and will maintain high standards of professionalism, communication, performance and respect for confidentiality.
This position does not provide patient care.
The foregoing description is not intended and should not be construed to be an exhaustive list of all responsibilities, skills and efforts or work conditions associated with the job. It is intended to be an accurate reflection of the general nature and level of the job.
Minimum Qualifications: Requirements - Required and/or Preferred
Education:
Must have working-level knowledge of the English language, including reading, writing, and speaking English. Requires a Bachelor's Degree in accounting, business administration or finance. Applicants with an MBA will be given preference.
Experience:
Minimum of five years in a healthcare financial leadership role within an integrated health system which includes an acute care hospital. Experience with financial planning and budgeting, cost management, business case development and public speaking and presentations is required. Insurance industry experience is preferred.
License(s):
Not Required
Certification(s):
Applicants with an MBA will be given preference.
Computer / Typing:
Must be proficient with Microsoft Office Suite, including advanced working knowledge of Outlook, PowerPoint, Excel and Word and have the ability to use the computer to complete online learning requirements for job-specific competencies, access online forms and policies, complete online benefits enrollment, etc.
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