The compensation range listed reflects the range Northern Light Health anticipates relying on in setting the wages for the position. The range may not necessarily include all additional compensation elements available, such as differentials, incentive programs and benefits.
Department: Member VPs of Finance
Position is located: Northern Light Eastern Maine Medical Center
Work Type: Full Time
Hours Per Week: 40.00
Work Schedule: 8AM -4:30PMSalary Range : $308,142- $378,526.00
Exempt: YesSummary:
The Vice President, Finance has a matrixed reporting structure to the Chief Financial Officer and the President. The Vice President, Finance is responsible for the day-to-day financial operational activities, and monitoring compliance with the system's accounting policy, as well as working with other departments to implement best practices throughout, consistent with Northern Light Health's System Policies and Practices This includes revenue and growth, expenses, costs and margin-control; and monthly, quarterly, and annual financial goal management. The VP, Finance will accomplish these responsibilities according to mission and values. Additionally, the Senior Vice President, Finance will possess a strong financial and business acumen within a healthcare organization and commitment to continual process improvement. All of the above will be possible only if the leader selected has the ability to build trusting relationships locally and within the system.
Responsibilities:
- Responsible for the development, implementation and management of the budget across Hospital and Medical Group.
- While selected financial areas may be overseen by leadership at Northern Light Health, oversight and involvement in every aspect of finance at will be required.
- Support a culture of citizenship and patient service, while maintaining an attitude of fiscal awareness encouraging high productivity and a continuous change process geared to "best practice" throughout the Medical Center.
- Serve as a Senior Member of management team in all matters pertaining to financial operations.
- Provide timely updates to senior financial management on issues and status of major projects including identification of potential risks and development of contingency plans that address issues as needed.
- In collaboration with System accounting operations, develop, implement and monitor compliance with generally accepted accounting principles (GAAP) and System policies and procedures.
- Represents Northern Light Health to organizations within the community in the role of representative and civic leader.
- Review, investigate and correct errors and inconsistencies in financial statements, documents, and reports to ensure integrity of all financial information.
- Prepares and recommends the annual operating and capital budgets to leadership. Prepare financial statement and other reports to summarize and interpret current and projected company financial position
- Assure compliance with federal, state, local and corporate policies, regulations, and laws. Submits periodic and other special reports indicating the financial statuses.
- Maintains confidentiality of all materials handled within Northern Light Health, as well as the proper release of information.
- Complies with System and departmental policies regarding issues of employee, patient and environmental safety and follows appropriate reporting requirements.
- Demonstrates Performance Improvement in the following areas as appropriate: Clinical Care/Outcomes, Customer/Service Improvement, Operational System/Process, and Safety.
- Demonstrates financial responsibility and accountability through the effective and efficient use of resources in daily procedures, processes, and practices.
- Complies with policies regarding attendance and dress code.
- Oversees the areas and staff in Financial Analysis, Materials Management, Patient Financial Services, Patient Access, Medical Group Finance Director, Physician Practice Revenue Cycle, and Health Information Management Services.
- Other Duties.
Other Information:
Competencies and Skills- Applies Business Acumen:Demonstrates knowledge of current and future trends that impact organizational success. Applies proven practices and business theories to get results that meet financial as well as other business goals. Recognizes opportunities for new services and products and acts accordingly, taking measured risks into consideration. Possesses a thorough knowledge of their field and independently carries out their work in accordance with professional standards of the profession.
- Demonstrates Adaptability: Learns quickly when facing a new problem or unfamiliar task; is flexible in their approach with changing priorities and ambiguity. Manages change effectively and does not give up during adversity. Capable of changing one's behavioral style and/or views in order to attain a goal. Absorbs new information readily and puts it into practice effectively.
- Effectively Communicates: Listens, speaks and writes appropriately, using clear language. Communication methods are fitting to the message(s), audience, and situation and follow-ups are regular and timely. Shows that important (non-) verbal information is absorbed and understood and asks further questions to clarify when necessary. Expresses ideas and views clearly to others and has ability to adjust use of language to the audiences' level.
- Behaves with Integrity and Builds Trust: Acts consistently in line with the core values, commitments and rules of conduct. Leads by example and tells the truth. Does what they say they will, when and how they say they will, or communicates an alternate plan.
- Cultivates Respect: Treats others fairly, embraces and values differences, and contributes to a culture of belonging, empowerment, and cooperation.
- Demonstrates Emotional Intelligence: Exhibits a high level of self-awareness, self-management, other awareness and relationship management. Conducts themselves in an empathic, appropriate way, with a sense of humor and stimulates a collaborative work environment. Is respectful of the attitudes, feelings, or circumstances of others and aware of the influence of their own behavior on them. Is aware of relevant social, political, system, and professional trends and developments and uses this information for the organization's benefit.
- Develops Self and Others:Takes responsibility for engaging in professional self-development activities and programs. Strives to gain insight into their own values, strengths and weaknesses, interests and ambitions and takes action in order to enhance competencies and skills when possible. As a leader, encourages and guides employees towards growth opportunities to enhance performance and help them reach goals. Reviews and analyzes employees' strengths and weaknesses to distinguish their talents and development needs, and to ensure they are enhanced appropriately.
- Exercises Sound Judgment & Decision Making: Understands and processes complex information, which allows for appropriate and accountable conclusions. Does not react too quickly or slowly. Balances facts, goals, and potential approaches taking the appropriate criteria into account. Makes active decisions and commits oneself by communicating confidently and respectfully.
- Fosters Accountability: Creates and participates in a work environment where people hold themselves and others accountable for processes, results and behaviors. Takes appropriate ownership not only of successes but also mistakes and works to correct them in a timely manner. Demonstrates understanding that we all work as a team and the quality and timeliness of work impacts everyone involved.
- Practices Compassion: Exhibits genuine care for people and is available and ready to help; displays a deep awareness of and strong willingness to relieve the suffering of others.
- Resolves Conflict: Promptly acts to find alternatives/solutions when team members disagree. Addresses issues in a direct, honest, and appropriate manner. Handles conflicting interests diplomatically and helps to solve them. Transforms difficult situations into teachable moments using respect and accountability .
Education- Required Bachelor's Degree
Required Experience- 10 year/years of Relevant Work Experience
Working ConditionsAs an integrated health delivery system serving Maine, Northern Light Health is raising the bar with no-nonsense solutions that are leading the way to a healthier future for our state. Our care team-in hospitals, primary and specialty care practices, long-term and home healthcare, behavioral healthcare, and ground and air medical transport and emergency care-are committed to making healthcare work for you: our patients, communities, and employees.
Questions? Contact Talent Acquisition:email: talentacquisition@northernlight.org
Brewer, Maine, Corporate Office, Cianchette, Foundation, Finance, Human Resources, Legal Services
