Chief Financial Officer

2 weeks ago

Los Angeles, California, United States University of Southern California Full time
Chief Financial Officer (Keck & Norris) - Corporate Finance Administrator

Full-time position with 8-hour days (exempt) (non-union)

Keck Medicine of USC
Hospital
Los Angeles, California

The Chief Financial Officer for Keck Medical Center will be responsible for leading the finance functions within a shared service model for Keck/Norris Hospital. Key responsibilities include:

  • Financial reporting and analysis
  • Operating and capital budgeting
  • Audits and internal controls
  • Cash flow management and purchasing
  • Revenue cycle management
  • Debt attributed to Keck/Norris Hospital
  • Strategic business planning
  • Funds flows from Keck/Norris Hospital to the School of Medicine
  • Decision support, performance benchmarking, and predictive analytics

The CFO will coordinate with the Health System level office of Accounting and Financial Reporting, Revenue Cycle, Supply Chain and Purchasing, Health Information Management, Patient Access/Pre-Arrival, Government Reimbursement, and Financial Planning and Analytics to ensure adequate service to Keck Medical Center.

Essential Duties:

  • Lead the finance functions of Keck Hospital, including financial reporting, operating and capital budgeting, audits, internal controls, cash flow management, purchasing, revenue cycle, debt attributed to Keck Hospital, funds flows, strategic business planning, decision support, performance benchmarking, and predictive analytics.
  • Coordinate with the Health System level office of Revenue Cycle, Supply Chain and Purchasing, Health Information Management, Government Reimbursement, and Financial Planning and Analytics to ensure adequate service to Keck Hospital.
  • Responsible for reporting and performance accountabilities to the Keck Hospital CEO.
  • Manage the daily activities of the Associate Administrator of KMC Finance and associated financial analyst.
  • Serve as staff to the Keck Hospital Governing Board for financial matters.
  • Oversee the staff of USCHS Central Accounting and Finance staff, the Revenue Cycle, Purchasing & Supply, Decision Support, and Business Planning staff assigned to the Keck Medical Center.
  • Build collaborative working relationships with the University and Keck School of Medicine regarding accounting and finance issues.
  • Establish a succession plan for the CFO function, conducting professional development of direct reporting personnel.
  • Serve as a financial management and accounting subject-matter expert and advisor to the Keck Hospital CEO and the Health System CFO.
  • Actively participate in hospital and Health System business and strategic planning.
  • Oversee system-wide functions for General ledger management, audits, internal controls, monthly financial close processes, accounting policies and procedures, and accounts receivable/net revenue valuation.
  • Perform other duties as assigned.

Required Qualifications:

  • Bachelor's degree in Finance, Accounting, Business, Health Administration, Public Administration or related field
  • Master's degree in Finance, Accounting, Business, Health Administration, Public Administration or related field
  • 10 years progressive financial healthcare management experience (5 years at a senior/executive level)
  • Leadership experience at multi-hospital systems (with preference for academic health systems)
  • Direct experience with physician group practices and faculty practice plans
  • Reputation for collaboration, emotional intelligence, and ability to function in highly matrixed environments
  • Proven ability to manage people and create professional development plans

Preferred Qualifications:

  • Active and current Certified Public Accountant (CPA)

Required Licenses/Certifications:

  • Fire Life Safety Training (LA City) - If no card upon hire, must be obtained within 30 days of hire and maintained by renewal before expiration date (Required within LA City only)

The annual base salary range for this position is $436,691. When extending an offer of employment, the University of Southern California considers factors such as the scope and responsibilities of the position, the candidate's work experience, education/training, key skills, internal peer equity, federal, state, and local laws, contractual stipulations, grant funding, as well as external market and organizational considerations.

REQ Posted Date: 09/02/2024

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