Time Type:Full time
Hours per Pay Period:80
Shift:Day Shift
Minimum: Depending on Experience
Maximum: Depending on Experience(This represents the rate for an individual with significant experience in this job in a full-time 40 hour per week position)
Department:Finance Division
Current Bay Area Hospital Employee: If you are a current Bay Area Hospital employee, please apply through the Workday internal career site.
Job Description:Chief Financial Officer
To manage the operations of the finance division
EXPECTATION FOR ALL EMPLOYEESSupport the organization's mission, vision and values by adhering to the behavioral standards of Bay Area Hospital. Comply with all laws and regulations affecting Bay Area Hospital. Be familiar with and adhere to the Code of Conduct and support the Bay Area Hospital Compliance Program. Effective communication skills and the ability work effectively with people from various backgrounds are critical.
POSITION SUMMARYThe Chief Financial Officer is responsible for the management of all financial activities of the hospital including accounting, budgeting and reimbursement, treasury functions and reporting policies to ensure accuracy, consistency and timeliness of all reports. The CFO has ultimate oversight for all fiscal services that involve the business and administrative functions of admissions, registration, accounts receivables, credit and collections, accounts payable, cash flow, charge master descriptions and clinical coding of medical records.
PRINCIPLE DUTIES AND RESPONSIBILITIES- Works closely with the President/Chief Executive Officer, Executive Team, and the entire hospital staff to help fiscally improve the organization
- Prepares current and comparative analysis reports and statements reflecting variations in cost and revenues, and financial condition of the hospital by analyzing net income, expenses, and profit/loss for each hospital department, based on factors such as patient revenue, material and supply costs, and staff salaries and wages
- Evaluates contract proposals from outside vendors and managed care companies to analyze the financial impact on the hospital and to ensure the future viability of the organization
- Prepares special analytical, statistical and financial studies to support long range planning, and investigation and appraisal of major equipment purchases and hospital expansion or remodel
- Directs and coordinates activities concerning financial administration, general accounting, financial analysis, business services, revenue cycle, materials management, reimbursement, health information management, facilities, biomed, environmental and food services
- Works with investment managers to follow ORS regulations and choose appropriate investments
- Participates in labor negotiations and labor disputes
- Directs preparation of Hospital budgets by establishing policies and procedures for the preparation of department budgets, and coordinating compilations into the hospital budget
- Obtains funding for large projects
- Coordinates insurance policies so that assets are properly insured against loss or damage.
- Develops and maintains appropriate cash flow projections and controls, continually reviewing the cash position and ensures that adequate funds are available to meet outstanding and planned commitments
- Directs preparation of cost reimbursement reports to government and private third party agencies to ensure that the hospital is in compliance with the financial requirements of all regulatory agencies while receiving the appropriate reimbursements
- Attends workshops, seminars and maintains program of self-study to learn of current developments in financial areas and pending government regulatory changes
- Participates in the analysis of employee benefit plans and wage increases to determine current and future cost impacts
SKILLS AND ABILITIES and COMPENTECIESUnderstands the importance of relationships to enabling effective teamwork. Modifies personal style, focusing on the needs of others, and listens effectively to ensure effective outcomes for group endeavors.
Acts in a leadership position to achieve desired results by inspiring trust in others, providing clear direction and effectively attracting and deploying talent.
Actively encouraged others to reach their highest level of effectiveness as individuals and as teams. Seeks out developmental opportunities for self and for others.
Interacts with others through verbal and non-verbal means to present information in an engaging and understandable manner. The use of listening and other attending behaviors to gain a shared understanding of the topic at hand.
Defines and creates a compelling vision for the future and the implementation of strategies necessary for success.
Makes high quality decisions in a timely manner, usually with less data and analysis than might be desired.
Takes a dynamic approach to work characterized by initiating decisions and actions. Concentrates on achieving the outcomes of a process or project while adhering to the overall strategy of the organization. Creates a culture of accountability and performance.
Understands the importance of relationships to enabling effective teamwork. Modifies personal style, focusing on the needs of others, and listens effectively to ensure effective outcomes for group endeavors.
EDUCATION/CERTIFICATIONS/LICENSES/DEGREES- Bachelor of Science/Arts Degree from an accredited university or college
- Masters of Business Administration degree in Accounting/Finance (will consider extensive experience in lieu of)
- FHFMA certification or CPA certification preferred
EXPERIENCE- A minimum of Five (5) years of progressively responsible exercise in administering the financial areas and programs in a health care facility
GENERAL INFORMATIONUnion Affiliation: None
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities and job skills required.
PHYSICAL/MENTAL/ENVIRONMENTAL REQUIREMENTS- Requires extensive sitting with periodic standing and walking
- May be required to lift up to 20 pounds
- Requires significant use of personal computer, phone and general office equipment
- Needs adequate visual acuity, ability to grasp and handle objects
- Needs ability to communicate effectively through reading, writing, and speaking in person or on telephone
- May require off-site travel
Compensation Grade:Executive
Compensation Grade Profile:Chief Financial Officer
