Chief Financial Officer (CFO)

Socket.dev; Richlands (VA); On-site; USD 250,000 - 350,000; Full time

Benefits offered by this job

401k

Flexible PTO

Medical insurance

Dental insurance

Vision plan

Tuition reimbursement

Employee assistance program

Job summary

LifePoint Health in Richlands, Virginia is seeking a Chief Financial Officer to oversee the finances of Clinch Valley Health. The CFO will lead all financial departments and ensure fiscal responsibility for the hospital and its growing network.

The role requires CPA or MBA preferred, 3+ years of CFO-level hospital experience, and a hands-on, collaborative leadership style focused on budgeting, cash flow, and cost control. This is a full-time, on-site executive position.

Qualifications

• Bachelor’s degree in accounting or finance with knowledge of GAAP.
• CPA or Master’s degree preferred.
• Minimum 3 years CFO-level experience in a hospital setting.

Responsibilities

• Oversee general accounting, patient business services, and financial reporting.
• Provide leadership in data processing, systems, and records functions.
• Develop long and short-range budgets and conduct cash flow analyses.
• Monitor hospital financial performance and identify cost-saving opportunities.
• Ensure timely financial reports and regulatory submissions.

Education

Bachelor’s Degree in Accounting or Finance

CPA or Master’s Degree preferred

Job description

Lifepoint Health has an opportunity for a Chief Financial Officer. The CFO will have oversight of Clinch Valley Health located in Richlands, Virginia. Clinch Valley Medical Center is a 175-bed acute care hospital with a growing integrated network of care that offers many services for our community all close to home. Today, our unwavering commitment to our patients ranks us as one of the top hospitals in Virginia and the nation for quality of care - including patient safety and health outcomes.

Learn More about Clinch Valley Health

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

• 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 completion ofthis 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.

We believe that happy, healthy people have a passionate engagement with life and work and have designed our package to enhance your wellbeing.