Job Description

Position Summary

The Chief Financial Officer (CFO) – Facility drives key strategic initiatives for one or more facilities, overseeing all financial operations and operational performance.

Essential Functions

• Administer general accounting, patient business services, including third‑party reimbursement, financial, and statistical reporting functions in accordance with established policies.
• Provide formal or informal direction in data processing, distributed systems, material management, and medical records functions.
• Train subordinates and monitor performance to ensure fiscal responsibilities are fulfilled.
• Assist the CEO in developing long‑ and short‑range operational plans, service‑demand analyses, resource‑availability analyses, and cost‑benefit analyses for capital and staff expansions.
• Develop operational and capital budgets supported by the hospital’s long‑ and short‑range plans.
• Prepare cash‑flow and budget‑variance analyses, recommend modifications as required.
• Assist managers in developing departmental budgets and the budget process.
• Monitor, interpret, and analyze financial performance versus established plans and objectives.
• Identify undesirable trends, business opportunities, and make action recommendations.
• Direct the preparation of internal financial reports, including work papers for annual audit.
• Ensure timely and accurate preparation of financial reports that reflect the hospital’s financial position.
• Lead analysis to reduce operating costs and increase revenues based on market trends, financial reports, and operating procedures.
• Direct and submit, on a timely basis, all financial reports required by government and regulatory agencies (payroll tax, public disclosure, third‑party payer cost reports).
• Perform other duties as assigned.

Additional Information

• Serves both internal co‑workers and external customers, clients, patients, contractors, and vendors.
• Handles sensitive and confidential information; comprehensive understanding of healthcare regulatory and compliance (HIPAA).
• Skilled in the application of policies and procedures; knowledge of Business Office Standards and Recommended Practices.
• Knowledge of GAAP, SEC regulations, and state regulatory environments.

Supervisory Responsibilities

• Plan, assign, schedule, and review staff work; ensure quality standards.
• Hire, terminate, train, develop, administer corrective action, and review performance of staff.

Qualifications

• Education: Bachelor’s Degree in Accounting or Finance; Master’s Degree preferred.
• Experience: Minimum 15 years overall experience with 3 years at CFO level in an acute‑care hospital.
• Certifications: Certified Public Accountant (CPA) preferred; CPA license preferred.
• Skills and Abilities:
  • Business mathematical skills – addition, subtraction, multiplication, division, rate and ratio computation, graph interpretation.
  • Advanced computer skills – routine use of electronic mail and computer systems; ability to incorporate complex functions into documents, spreadsheets, databases, and presentations.
  • Organizational communication – transfers complex information across departments; presents to diverse audiences; negotiates, motivates, and persuades.
  • Problem solving – tackles broad, complex, abstract problems; develops solutions using creativity, resourcefulness, innovation, negotiation, and diplomacy.
  • Organizational impact and judgement – decisions with broad implications; sets direction, establishes priorities, allocates resources.
  • Planning and organization – prioritizes and delegates projects; accountable for outcomes.

Physical and Mental Demands

The employee may need to stand, walk, sit for extended periods, lift or move up to 20 lbs. Repetitive upper‑body motion required for extended computer use. Specific vision abilities (close, distance, color, peripheral, depth perception, focus adjustment) are required.

Work Environment and Travel Requirements

Work in a climate‑controlled office or hospital environment; exposure to hazards such as bloodborne pathogens, toxins, biohazards, with appropriate safety precautions. Noise level typical of an office/hospital. Moderate overnight travel (up to 30%) by land or air.

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