Chief Financial Officer - Mountainside Medical Center

Ardent Health & Mountainside Medical Center; Montclair (NJ); On-site; USD 236,000 - 300,000; Full time

Job summary

Join a leading healthcare provider, Mountainside Medical Center, as the Chief Financial Officer. This role encompasses overall financial management, oversight of budgets, and strategic planning to ensure financial success, while collaborating with executive leadership. The ideal candidate will have a strong background in healthcare finance, excellent leadership skills, and a commitment to improving patient care outcomes.

Qualifications

• Bachelor's degree in accounting/finance required; Master's preferred.
• Previous experience as hospital CFO.
• Knowledge of JCAHO, OSHA standards vital.

Responsibilities

• Responsible for overall financial administration for the facility.
• Prepare financial reports and manage annual budgets.
• Oversee expense structures and identify cost efficiencies.

Skills

Leadership

Interpersonal skills

Analytical skills

Strategic planning

Education

Bachelor’s Degree in accounting/finance

Master's Degree in Hospital Administration or Business Administration

CPA certification

Job description

Ardent Health is a leading provider of healthcare in communities across the country. With a focus on consumer-friendly processes and investments in innovative services and technologies, Ardent is passionate about making healthcare better and easier to access. We are driven by our purpose of caring for people: our patients, our communities and one another.

Located in Brentwood, Tennessee, Ardent has earned a reputation as one of the industry’s strongest and most innovative healthcare systems. Our facilities and clinics are consistently recognized among healthcare’s best employers. We recognize each hospital and clinic is as unique as the community it serves. We strive to maintain strong community ties through advisory boards, contributions, charitable care, education and outreach.

Ardent includes:

• 30 hospitals
• 280 sites of care
• 4,281 beds
• 24,000+ team members
• 8,200+ nurses
• 1,800+ aligned providers
• 5.8M annual provider encounters
• 421 medical residents

Ardent makes considerable investments in people, technology, facilities, and communities, producing high quality care and extraordinary results. From newly constructed facilities and expanded services, to lifesaving technology and outstanding opportunities for employees, Ardent is committed to providing its hospitals and clinics the tools needed to succeed.

We believe it is this mix of corporate support and local autonomy that equips our teams for success.

Hackensack Meridian Mountainside Medical Center:

Mountainside Medical Center has been serving Montclair and the surrounding New Jersey communities since 1891. In collaboration with its joint venture partners, Ardent Health Services and Hackensack Meridian Mountainside Medical Center is well-positioned for future growth and continued excellence in providing care to Essex County and surrounding regions.

With the addition of innovative capabilities, Mountainside Medical Center’s respected medical and community reputation has gained even more strength. Ongoing collaboration with physicians and community leaders enables Mountainside Medical Center team to bring the latest medical programs, technology and patient-focused care to local communities. Mountainside Medical Center includes 365 beds, more than 1,200+ employees, over 700+ medical staff members, Board certified and board eligible physicians, 27-bed Emergency Room/FastTrack Unit, Residency Programs in Internal Medicine, Family Medicine, Dentistry and Pharmacy and State-of-the-art technology rivaling that of larger medical institutions

We have an exciting opportunity to join our leadership team at Hackensack Meridian Mountainside Medical Center as a Chief Financial Officer.

POSITION SUMMARY:

The Chief Financial Officer (CFO) is responsible for the overall financial administration for the facility. Additional areas of responsibility may include: general accounting, data processing, materials management, information systems, and financial reporting. This position ensures that the internal controls are adequate to safeguard the assets of each entity and that the accounting systems are sufficient to generate accurate and timely financial reporting.

• Help create and implement initiatives in order to build and grow the facility.
• Help analyze and see ideas from a financial mindset in order to help ensure the success of future endeavors.
• Consult the Division CFO and Corporate office personnel concerning the facility’s financial affairs, financial goals, and objectives.
• Develop the operating policies and procedures.
• Ensure the accurate review of product line analysis, and consult with the facility CEO and Division CFO.
• Prepare financial and management reports and prepare and administer the facility’s annual operation and capital budget.
• Partner with facility CEO and other executive team members on preparing the annual facility business plan.
• Plan and coordinate functions and activities of assigned departments. Responsibilities include evaluating performance and initiating or recommending personnel actions and maintaining good employee relations with department staff.
• Ongoing monitoring of expense structure to identify opportunities for efficiencies and cost reduction.
• Actively participate in Board of Trustees, Medical Staff and community meetings.
• Direct preparation of projections to inform facility and Division leadership of anticipated performance in future periods.
• Review and maintain a healthy revenue cycle to ensure consistent cash flow.
• Work with the market and joint venture partner on managed care negotiations to maximize payer contracts.

Education & Experience:

• Bachelor’s Degree in accounting/finance or related field required. Master's Degree from an accredited college or university in Hospital Administration or Business Administration preferred.
• Previous experience as a hospital CFO.
• Experience in an integrated health delivery system, strongly preferred.
• CPA certification, preferred.

Knowledge, Skills & Abilities:

• Current knowledge of JCAHO, OSHA, state and federal regulatory standards.
• Excellent leadership and interpersonal skills to effectively communicate ideas, problems, instructions (written and oral) with corporate management staff, facility management staff and employees.
• Ability to analyze situations, evaluate data, recommend, and implement courses of action that would improve the functioning of the company.
• Ability to interpret, adapt, and apply guidelines, policies and procedures.
• Ability to use sound judgment in decision making and react calmly and effectively in an emergency situation.
• Knowledge of strategic planning and short and long-range goal implementation.

Learn more about the benefits offered for this postition.

Salary Minimum: $236,731.00

Rate of pay is determined based on experience and education and may include other pay components such as differentials and call pay based on role.