Norman Regional Hospital

Director Finance

Norman Regional Hospital • $100K — $130K *
Norman, OK 73072In-Person
Healthcare
5 - 7 years of experience
2 months ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance or Accounting required; CPA and/or Master's degree (MBA or MHA) preferred.
  • 7-10 years of progressive finance experience, with 3-5 years in healthcare finance (hospital or health system preferred).
  • Prior leadership experience in managing a team required.
  • Strong understanding of healthcare reimbursement and financial operations.
  • Advanced financial modeling and analytical skills are essential.
  • Experience with training, directing, and developing finance professionals.
  • Familiarity with external audit processes.

Responsibilities

  • Lead monthly and annual financial close processes.
  • Ensure the accuracy and GAAP compliance of financial statements.
  • Oversee financial performance across multiple entities including hospitals and clinics.
  • Analyze variances, trends, and key performance indicators (KPIs).
  • Standardize financial processes throughout the health system.
  • Maintain and optimize budget software systems for accuracy in forecasts and financial projections.
  • Collaborate with departments to analyze and improve operational performance.

Benefits

  • Comprehensive healthcare benefits included.
  • Opportunities for ongoing professional development and training available.
  • Supportive leadership focused on employee satisfaction.
  • Collaborative working environment with cross-departmental engagement.
  • Participation in strategic planning initiatives influencing healthcare services.
Full Job Description
Job Summary

Financial Reporting & Close
  • Lead monthly and annual financial close processes
  • Ensure financial statements are accurate and compliant with GAAP
  • Oversee financial performance across all entities (hospital, clinics, joint ventures)
  • Analyze variances, trends and key performance indicators (KPIs)
  • Ensure timely and accurate consolidated financial reporting and reconciliations
  • Oversee preparation of monthly, quarterly, and annual financial statements
  • Prepare reports for Finance Committee and Board
  • Standardize financial processes across the health system

Compliance & Risk
  • Ensures compliance with healthcare regulations and financial policies
  • Oversee internal controls and audit processes
  • Coordinate with external auditors and regulatory agencies

Budget & Forecast Accuracy
  • Establish policies and procedures for the budget process
  • Serve as a resource for directors and managers on the budgeting tools and processes
  • Oversee preparation and distribution of budget-related information
  • Maintain and optimize budget software system
  • Ensure accuracy of forecast and financial projections

Financial & Operational Analysis
  • Oversee preparation and review budget variance analysis
  • Monitor financial metrics against benchmarks
  • Collaborate with departments to meet budget and clinical benchmarks
  • Evaluate operational performance and recommend improvements

Statistical Reporting
  • Ensure accuracy and timely distribution of statistical reports (daily, weekly, monthly, quarterly, annual)
  • Oversee physician reporting and month-end statistical reporting processes

Monitors and evaluates financial and productivity information to achieve operational benchmarks.
  • Plans, analyzes and implements actions necessary to achieve established fiscal year department productivity benchmarks.
  • Analyzes industry trends in the development of department operational needs.
  • Collaborates with other departments to achieve organizational budget and clinical benchmarks.
  • Analyzes current operational functions and industry trends to validate benchmark targets. Defines and promotes new targets based on research and consideration of overall hospital operations.

Fosters the learning and development of staff to fulfill the current and future requirements of individuals and the organization.
  • Interviews, selects, and hires the most appropriate job candidate. Seeks additional input from department members and delegates components of hiring process as appropriate.
  • Ensures department specific orientation, initial, and annual competencies are completed as per policy.
  • Clearly articulates expectations and monitors performance.
  • Delegates authority and responsibility with the latitude to do a task independently. Defines parameters and lets others learn from mistakes in a safe environment.
  • Devotes time to listen, provide coaching, and mentoring for individual development.
  • Identifies needs and provides developmental opportunities, assignments, and training.
  • Provides feedback for improvement in a timely manner and utilizes progressive discipline as needed.

Collaborates with other departments to identify and resolve operational and patient care issues.
  • Acts as an expert resource for physicians, staff and management team.
  • Uses problem solving strategies and a "win-win" approach to meet internal and external customer's needs.
  • Listens to internal and external customers, uses a non-defensive approach, and resolves interdisciplinary issues.
  • Trains staff to recognize and respond appropriately to the internal and external customer.


Actively supports and promotes the shared mission and vision of Norman Regional Hospital to achieve strategic goals.
  • Plans, develops and implements new services/programs based on awareness of industry trends, organizational goals, and community needs.
  • Solicits input and active participation from key internal and external partners to develop strategic planning initiatives and operational budgets.
  • Develops, implements and communicates departmental goals in support of the strategic plan and measures progress toward achievement of goals.
  • Responds to immediate events that can affect long term goals of the hospital systems and collaborates to change the strategic approach or re-evaluates business practices as needed.
  • Maintains awareness of medical community relations and pursues opportunities to align the physician contribution with strategic initiatives.
  • Utilizes mission as a compass for all departmental activities.

Develops and promotes employee satisfaction to facilitate positive patient and physician outcomes.
  • Proactively communicates to resolve potential issues before they occur.
  • Monitors and responds to physician, patient, and employee concerns in a timely manner.
  • Shares current department and organizational information with employees, utilizing a variety of communication methods.
  • Completes annual evaluations as per policy.
  • Provides formal and informal recognition for the efforts and achievements of employees.
  • Monitors and responds to physician, patient, and employee satisfaction surveys

Qualifications

Education
  • Bachelor's degree in Finance or Accounting required. CPA and/or Masters' degree (MBA or MHA), preferred. Solid understanding of reimbursement issues (e.g., cost report preparation, managed care, etc.) Knowledgeable of human resources productivity systems

Experience
  • Seven to Ten years progressive finance experience. Three to Five years healthcare finance (hospital or health system preferred) Prior leadership of management experience required. Strong understanding of healthcare reimbursement and financial operations. Advanced financial modeling and analytical skills. Experience with training, directing, and developing finance professionals. Experience working with external auditors.

About Norman Regional Hospital

Norman Regional Hospital is a healthcare provider that offers a range of medical services to patients in Norman, Oklahoma and the surrounding areas. The hospital has over 300 physicians and 2000 employees, and provides services such as emergency care, surgery, cancer treatment, and women's health. Norman Regional Hospital was founded in 1946 and is a non-profit organization.
Learn more about Norman Regional Hospital
Size
2,000 employees
Industry
Healthcare
* Ladders Estimates

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