Chief Financial Officer (CFO)

Memorial Physician Practices; Michigan; On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

401k

Flexible PTO

Medical, dental, vision insurance

Tuition reimbursement

Employee Assistance Program

Job summary

Memorial Physician Practices is looking for a Chief Financial Officer to provide leadership and direction to all financial departments, ensuring the overall fiscal responsibility of the hospital. The ideal candidate will administer financial operations, oversee budgeting, and provide financial analyses to guide hospital management.

The position requires a Bachelor's Degree in Accounting or Finance and a strong preference for a CPA or Master's Degree. Candidates should have at least three years of CFO experience in an acute-care hospital and must be approachable leaders who can motivate teams.

Qualifications

• Bachelor's Degree and knowledge of accounting principles required.
• CPA or Master's Degree is strongly preferred.
• Minimum 3 years experience at the CFO level in an acute-care hospital.

Responsibilities

• Lead all financial departments and ensure fiscal responsibility.
• Administer financial reporting and patient business services.
• Train subordinates and monitor performance.

Skills

Leadership and direction

Financial analysis

Budget development

Cost reduction strategies

Education

Bachelor's Degree in Accounting or Finance

CPA or Master's Degree

Job description

Chief Financial Officer provides leadership and direction to all financial departments for the overall fiscal responsibility of the hospital.

Other Duties

• Administers the general accounting, patient business services, including third party reimbursement, financial, and statistical reporting functions of the hospital in accordance with established policies and accounting procedures.
• Provides formal or informal direction in data processing, distributed systems, material management and medical records functions.
• Trains subordinates on the above areas and monitors performance to ensure fiscal responsibilities are fulfilled.
• Assists the CEO in the development of long and short-range hospital operations plans that may include service demand analyses, resources availability analyses and cost benefit analyses of proposed capital and staff expansions.
• Develops long and short-range operational and capital budgets, which are supported by the hospitals long and short range plans and objectives.
• Prepares cash flow analyses and budget variance analyses.
• Recommends budget modifications as required. Assists managers in the development of departmental budgets.
• Monitors, interprets and analyzes hospital financial performance in realizing established plans and objectives of the hospital.
• Identifies and reports undesirable trends and potential business opportunities and makes recommendations for action.
• Directs the preparation of internal financial reports including work papers for annual financial audit.
• Assures the timely and accurate preparation of financial reports and assures that the reports reliably reflect the financial position of the hospital.
• Assumes a lead role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
• Responsible for direction and submission on a timely basis all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports and third party payor cost reports.

Education

• Bachelor's Degree in Accounting or Finance and the knowledgeof generally accepted accounting principles, and verbal, interpersonal and quantitative skills normally acquired through completionofthis degree is required.
• CPA or Master's Degree strongly preferred.

Experience

• A minimum of3 years of experience working at the CFO level in an acute-care hospital is required.
• Minimum of three years of progressive management experience in an investor-owned healthcare organization required.
• Must be a strong, hands-on and approachable leader who understands the value of being a team-player and havean outgoing and friendly personality.
• Must understand how to motivate and inspire staff to achieve optimal results, while keeping employee satisfaction high.

Benefits

At LifePoint, our Mission of Making Communities Healthier extends to our employees. We offer an excellent total compensation package, including a competitive salary and benefits. Some of our benefits include 401k, flexible PTO, generous EIB, medical, dental, vision, tuition reimbursement, and an Employee Assistance Program.