Chief Financial Officer

Beloit Health System; Beloit (WI); On-site; USD 250,000 - 350,000; Full time

Job summary

Beloit Health System, based in Beloit, WI, seeks a strategic, financially astute Chief Financial Officer to guide its financial strength and long-term sustainability. Reporting to the CEO, you will drive capital initiatives, financial planning, and performance improvements across all financial operations.

The candidate will bring a CPA, 10+ years in healthcare finance, and strong leadership to a mission-driven team overseeing accounting, reporting, and compliance within a growing health system.

Qualifications

• BS in Accounting and CPA required.
• MBA in finance or accounting preferred.
• 10+ years healthcare finance experience.
• CMS and Joint Commission knowledge preferred.
• Revenue cycle management expertise essential.

Responsibilities

• Oversee accounting, reporting and control functions.
• Lead day-to-day financial operations and capital planning.
• Improve revenue cycle performance and cash flow.
• Partner with CEO and Board to execute strategic plan.

Skills

Revenue cycle

Leadership

Communication

Data analysis

MS Office

Education

Bachelor of Science in Accounting

CPA license

MBA in finance or accounting

Fellow HFSA preferred

Tools

Excel

Word

PowerPoint

Databases

Job description

Chief Financial Officer
Beloit Health System

Beloit, WI

The Opportunity:

Beloit Health System seeks a Chief Financial Officer to serve as a key strategic and operational leader for the organization and help guide its continued growth, financial strength, and long-term sustainability. Reporting directly to the CEO and partnering closely with the executive leadership team and Board of Trustees, the CFO will play a critical role in executing the health system's newly approved three-year strategic plan, leading future financing and capital initiatives, and advancing organizational performance across all financial operations. This executive will have the opportunity to drive meaningful improvements in revenue cycle performance, cash flow, and financial stewardship while building strong relationships throughout the organization and fostering a high-performing finance team. The ideal candidate will be a collaborative and forward-thinking leader who can balance strategic vision with operational execution, serving as a trusted advisor to both executive leadership and the Board.

The Position:

Under the general direction of the President and CEO, the Vice President/Chief Financial Officer (VP/CFO) is directly responsible for the accounting, reporting and control functions for Beloit Health System (BHS). The VP/CFO is responsible for managing the day-to-day financial affairs of the organizations, is involved in establishing/approving overall operating policies; ensure that complete and accurate financial records are maintained; monitors and interprets State and Federal regulations and directives impacting the financial management of the organization, and reviews and analyzes financial and statistical information for Administration and the Board of Trustees.

The Ideal Candidate:

• Bachelor of Science in Accounting and certification by the State Board of Certified Public Accountants (CPA) required. Master of Business Administration (MBA) with major in finance or accounting is preferred. Fellow in the Healthcare Financial Management Association is also preferred.
• A minimum of ten (10) years working experience in healthcare finance as evidenced by demonstrating an adequate knowledge of healthcare policies, procedures and overall operations including regulatory requirements.
• Demonstrated expertise in revenue cycle management, with a strong understanding of patient access, coding, billing, collections, denial management, and revenue integrity strategies that optimize financial performance and cash flow.
• Demonstrated problem solving, leadership, conflict management, and team building skills in order to ensure a productive work environment and achievement of goals.
• Healthcare experience and working knowledge of CMS and Joint Commission quality/performance measures preferred.
• Strong leadership, project management, organizational and time management skills with demonstrated accomplishments in performance improvement.
• Excellent written and verbal communication skills.
• Demonstrated proficiency in spreadsheet/graphics, databases and Microsoft Office (Excel, Access, Word, and Power Point). Experience in reporting and preparing dashboards and/or score cards.
• Ability to develop, analyze and abstract data and metrics utilizing basic data mining tools.

The Organization:

Beloit Health System is an independent, $294M net revenue, integrated healthcare organization providing a continuum of care for the residents of southern Wisconsin and northern Illinois. The system has a close affiliation with University of Wisconsin Hospital and Clinics and numerous clinics across the region. Beloit Memorial Hospital has 256 licensed beds its campus consists of 25 beautiful tree-filled acres and more than 350,000 square feet of space, rising five stories high. The largest and most extensive expansion for Beloit Memorial Hospital was NorthPointe Health and Wellness Campus in Roscoe, Illinois in 2007. Located on 122-acres off Interstate I-39, the campus offers a unique health environment with three dedicated areas of service: NorthPointe Health (diagnostic, Immediate Care and physician clinics), NorthPointe Wellness (medically integrated fitness center), and NorthPointe Terrace (assisted living). In October 2023, Beloit Health System opened the NorthPointe Birth Center on its NorthPointe Health and Wellness Campus in Roscoe, Illinois, bringing a new model of maternity care to the region. The freestanding birth center was created to give healthy, low-risk families another option for pregnancy, labor and delivery, and postpartum care, combining midwifery-led care and a natural, home-like birth experience with the safety and resources of a health system. Beloit Memorial Hospital was renamed as Beloit Health System when it merged with Beloit Clinic in 2010 and became an integrated healthcare organization. By working together, the health system offered a wide range of primary and specialized healthcare services for patients with a coordinated and convenient continuum of care. The integration, an industry standard, contained and maintained quality, a core mission of the health system. The Hendricks Family Heart Hospital, located on the hospital’s fourth floor, opened in 2017 and raised the bar for cardiac care in southern Wisconsin and northern Illinois.

In August 2026, Beloit Health System was rated as a Top Hospital in Wisconsin and in the Nation, according to Forbes magazine. This unbiased, data-driven rating system cuts through the confusion to identify general acute care hospitals across the country offering high-quality healthcare services. These inaugural ratings are meant to serve the best interests of patients while offering hospital leaders a unique vista point with which to evaluate their facility’s performance in comparison with their peers.

Beloit Health System was the only health system to receive a 5-star rating in the southern Wisconsin, northern Illinois region.

The Location:

Beloit is located near the junction of the Rock River and Turtle Creek, adjacent to the Illinois border in Rock County. Its history can be traced back almost 200 years. Several hundred Ho-Chunk Indians lived in the Beloit area in the early 19th century but abandoned their settlement in 1832 after the Black Hawk War. Private Abraham Lincoln was among the troops led by General Atkinson who camped in Beloit while pursuing Black Hawk.

Today Beloit is a charming city, offering outdoor sports with spectacular views. During the summer, Downtown Beloit comes to life with Beloit Sky Carp baseball games, the Beloit Farmers’ Market, shopping, festivals, and more. Take time to explore all Beloit has to offer. As a cultural and culinary destination with a walkable downtown, festivals, dance lessons, family-owned shops and fine dining options – all with free parking – you will find endless ways to enjoy your time!