10+ years of progressive healthcare finance experience
Experience in an integrated health delivery system strongly preferred
Current knowledge of JCAHO, OSHA, State, and federal regulatory standards
Responsibilities
Act as a strategic business partner to senior leadership for financial strategy execution
Assess and evaluate financial performance against operational goals and budgets
Provide insights and recommendations for growth plans and business initiatives
Participate in strategic decisions by establishing financial objectives
Identify and communicate potential risks in a timely manner
Engage in Board of Trustees subcommittees and community meetings
Review and ensure compliance with internal controls and financial reporting procedures
Benefits
Engagement with senior leadership and Board of Trustees
Opportunity to influence strategic financial decisions
Collaboration with diverse service line leaders
Involvement in community and medical staff meetings
Potential for professional growth in a dynamic healthcare environment
Full Job Description
Job Description
The Chief Financial Officer will have dual reporting responsibility to the Atlantic Health ("System") SVP, President of Overlook Medical Center ('OMC" or "division") and to the Corporate EVP, Chief Financial Officer. As a key member of leadership, the role will provide financial expertise, advice and analysis related to AHSOMC and the System overall. The CFO responsibilities will include:
Strategy, Planning and Management
Act as a strategic business partner to the senior leadership team to enable execution of the financial strategy in conjunction with System level initiatives.
Assess and evaluate financial performance of the division with regard to long-term and short-term operational goals, budgets, and plans.
Provide insight and recommendations to both short-term and long-term growth plan of organization. Including but not limited to creation/collaboration of business plans with service line leaders, practice leadership and OMC divisional leaders.
Participate in pivotal decisions related to strategic initiatives by creating and establishing financial objectives that align with the System's plan for growth and expansion, including operational and capital budgeting.
Identify and effectively communicate potential risks in a timely manner.
Actively participate in Board of Trustees subcommittees as necessary, Site Medical Staff and community meetings.
Review and ensure application of appropriate internal controls, regulatory compliance and procedures affecting financial reporting as well as operations.
Financial Analysis, Budgeting and Forecasting
Prepare and present monthly financial reports including monthly profit and loss, volume trends, productivity and agency usage, participation in the monthly close of the division.
Review and analyze monthly financial results and provide recommendation to site leadership.
Review and maintain a healthy revenue cycle and managed care relationship to ensure consistent patient throughput and cash flow.
Ongoing monitoring of expense structure to identify opportunities for efficiencies and cost reduction.
Identify, develop, and execute analysis of business initiatives, product launches and/or new service offerings.
Develop and maintain monthly operating and capital budget.
Engage with Foundation leadership for funding requests.
Knowledge, Skills & Abilities:
Excellent leadership and interpersonal skills to effectively communicate ideas, problems, instructions (written and oral) with all levels of management at the site and corporate.
Demonstrate leadership ability, confidence, and executive presence.
Ability to analyze situations, evaluate data, recommend, and implement courses of action that would improve the functioning of the division.
Ability to interpret, adapt, and apply guidelines, policies, and procedures.
Ability to use sound judgment in decision making and react calmly and effectively in high pressure situation.
Salary Range $343,687 - $475,000 base salary only; excludes leadership incentive
Qualifications
Requirements:
BS Degree in Accounting or Finance
CPA designation or master's degree preferred
Experience in an integrated health delivery system strongly preferred.
10+ years of progressive healthcare finance experience
Current knowledge of JCAHO, OSHA, State, and federal regulatory standards.
About Atlantic Health System, Inc
Atlantic Health System is a non-profit healthcare organization that operates hospitals and other medical facilities in New Jersey. The organization was founded in 1998 and is headquartered in Morristown, New Jersey. Atlantic Health System operates six hospitals, including Morristown Medical Center, Overlook Medical Center, Newton Medical Center, Chilton Medical Center, Hackettstown Medical Center, and Goryeb Children's Hospital. The organization also operates a number of outpatient facilities and clinics.
