Chief Financial Officer, Mountainside Medical Center

Hackensack Meridian Health; Montclair (NJ); On-site; USD 236,000 - 300,000; Full time

Job summary

A leading healthcare provider is looking for a Chief Financial Officer at Hackensack Meridian Mountainside Medical Center. This role involves overseeing financial operations, ensuring compliance with regulatory standards, and leading initiatives to enhance the facility's fiscal health. A Bachelor's in finance/accounting and prior experience as a hospital CFO are essential for this position.

Qualifications

• Experience as a hospital CFO is required.
• Integrated health delivery system experience preferred.
• CPA certification is desirable.

Responsibilities

• Oversee financial administration and reporting of the facility.
• Develop operating policies and procedures.
• Monitor expenses and identify cost reduction opportunities.

Skills

Leadership

Interpersonal skills

Data analysis

Strategic planning

Education

Bachelor’s Degree in accounting/finance

Master’s Degree

Job description

Overview

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, it 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 the Mountainside Medical Center team to bring the latest medical programs, technology, and patient-focused care to local communities. Mountainside Medical Center includes 365 beds, over 1,200 employees, more than 700 medical staff members, Board-certified and board-eligible physicians, a 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 of the facility. Additional areas of responsibility may include general accounting, data processing, materials management, information systems, and financial reporting. This position ensures that internal controls are adequate to safeguard the assets of each entity and that the accounting systems generate accurate and timely financial reports.

Responsibilities

• Help create and implement initiatives to build and grow the facility.
• Help analyze and see ideas from a financial mindset to ensure the success of future endeavors.
• Consult the Division CFO and Corporate office personnel concerning the facility’s financial affairs, goals, and objectives.
• Develop operating policies and procedures.
• Ensure accurate review of product line analysis and consult with the facility CEO and Division CFO.
• Prepare financial and management reports and administer the facility’s annual operation and capital budget.
• Partner with the facility CEO and other executive team members on preparing the annual facility business plan.
• Plan and coordinate functions and activities of assigned departments, including evaluating performance, initiating personnel actions, and maintaining good employee relations.
• Monitor expenses to identify opportunities for efficiencies and cost reduction.
• Participate in Board of Trustees, Medical Staff, and community meetings.
• Prepare projections to inform leadership of future performance.
• Maintain a healthy revenue cycle to ensure cash flow.
• Work with the market and joint venture partners on managed care negotiations to maximize payer contracts.

Qualifications

Education & Experience:

• Bachelor’s Degree in accounting/finance or related field required; Master’s Degree preferred.
• Previous experience as a hospital CFO.
• Experience in an integrated health delivery system preferred.
• CPA certification preferred.

Knowledge, Skills & Abilities:

• Knowledge of JCAHO, OSHA, and regulatory standards.
• Excellent leadership and interpersonal skills.
• Ability to analyze situations, evaluate data, and recommend actions.
• Ability to interpret and apply policies and procedures.
• Sound judgment and ability to react calmly in emergencies.
• Knowledge of strategic planning and goal implementation.

Learn more about the benefits offered for this position.

Salary Minimum: $236,731.00

Pay rate depends on experience and education, possibly including other pay components such as differentials and call pay.