VP Finance-CFO STF

Job Description

Job Summary

The VP Finance/CFO is responsible for the establishment and maintenance of the assigned organization's financial principles, practices, and procedures; for the maintenance of its fiscal records; and the preparation of its financial reports. Stays abreast of regulatory changes and adjusts policies and procedures to maintain compliance.

Strategic Leadership and Operations:

The organization's financial statements are completed to comply with local, state, and federal authorities and reports to the Board regarding these matters in an effort toward achieving higher levels of health care service quality. Develops operating, capital equipment, and personnel budgets for departments within assigned division is completed consistent with organizational goals and objectives. Performance of assigned departments are evaluated and budget variances are analyzed, and appropriate or corrective action is taken. Participates in the development, implementation and management of organizational strategic plans, goals and objectives. Analyzes market trends, assesses competition, and evaluates national and community standards of care to determine viability of strategic plans. Translates strategy into actionable plans.  Serves as a champion for finance. Benchmarks best practices and holds direct reports accountable for the same behavior. Understands consumer demands and develops systems and processes which deliver premier service and achieve best in class targets. Understands the interdependence and synergy of different systems and processes and includes direct reports in understanding and developing.  Directs the development of operating and capital budgets and ensures alignment with organizational goals and objectives. Analyzes budget variances and identifies appropriate action steps needed for meeting budget targets. Ensures that the budget process is timely, comprehensive, and interactive with organization leaders. Ensures that the Market Assessment, Legislative Assessment and Strategic Assessment are completed before budget assumptions.  Oversees and monitors the organization's compliance with regulatory requirements. Works closely with the organization's Corporate Compliance Officer to ensure that programs are established to achieve compliance with regulatory requirements. 

Quality and Performance Improvement:

Develops systems and processes designed to monitor divisional staffing requirements, identify barriers to team member success and to ensure the provision of appropriate resources. Oversees the development of recognition techniques to motivate and encourage others. Spends time with front line staff weekly.  Resolves divisional problems related to team members, equipment, and system issues to improve divisional efficiency and ensure the cost-conscious utilization of all resources. Encourages and practices cross-functional communication.  Demonstrates a solid base of experience in his/her area of expertise. Promotes the excellence of his/her performance by remaining current with trends in the field of expertise through participation in job-relevant seminars and workshops, attendance at professional conferences, and affiliations with national and state professional organizations. Modifies behavior in response to feedback. Promotes and encourages the growth and development of staff members by encouraging their participation in approved continuing education activities such as professional conferences, seminars, and workshops. Advocates continuing education as a means of promoting the high-quality services provided by all departmental personnel.

Collaboration and Partnership:

Collaborates with System-wide financial management to ensure consistent policies and procedures are used throughout the organization, and to share successes within own organization that can be implemented globally to enhance efficiency and effectiveness. Develops and maintains an effective working relationship with other System departments, including but not limited to Materials Management, Information Services, Human Resources, etc. to facilitate optimum financial success for the organization.  Maintains continuous lines of communication, keeping all pertinent personnel informed of all critical issues.  Represents the organization externally with applicable regulatory, governmental, financial, and healthcare agencies.

Job Requirements

Experience
10 years of hospital financial management experience. 

Education
Bachelors degree in business administration, Finance or Accounting

Skills
Good computer skills, interpersonal & human relations skills and oral & written communication skills; good problem solving & critical thinking skills and time management/prioritization skills; good organizational skills.

Qualifications

Experience:
10 years of hospital financial management experience. 

Education:

Bachelors degree in business administration, Finance or Accounting

Skills :
Good computer skills, interpersonal & human relations skills and oral & written communication skills; good problem solving & critical thinking skills and time management/prioritization skills; good organizational skills.

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