Chief Financial Officer, OMC

Atlantic Health System; Summit (NJ); On-site; USD 344,000 - 475,000; Full time

Job summary

Atlantic Health System is seeking a Chief Financial Officer who will report to the SVP, President of AHOMC and to the Corporate CFO. This executive will provide financial leadership, strategic planning and analytics for AHOMC and the System as a whole.

Key duties include budgeting, forecasting, financial reporting, performance analysis, capital planning and risk management; strengthening revenue cycle, cost control, and partnerships with leadership, the board and community stakeholders.

Job description

The Chief Financial Officer will have dual reporting responsibility to the Atlantic Health (“System”) SVP, President of Atlantic Health Overlook Medical Center ('AHOMC' or 'division') and to the Corporate EVP, Chief Financial Officer. As a key member of leadership, the role will provide financial expertise, advice and analysis related to AHOMC and the System overall.

The CFO responsibilities will include:

Strategy, Planning and Management

• Act as a strategic business partner to the senior leadership team to enable execution of the financial strategy in conjunction with System level initiatives.
• Assess and evaluate financial performance of the division with regard to long-term and short-term operational goals, budgets, and plans.
• Provide insight and recommendations to both short-term and long-term growth plan of organization. Including but not limited to creation/collaboration of business plans with service line leaders, practice leadership and AHOMC divisional leaders.
• Participate in pivotal decisions related to strategic initiatives by creating and establishing financial objectives that align with the System’s plan for growth and expansion, including operational and capital budgeting.
• Identify and effectively communicate potential risks in a timely manner.
• Actively participate in Board of Trustees subcommittees as necessary, Site Medical Staff and community meetings.
• Review and ensure application of appropriate internal controls, regulatory compliance and procedures affecting financial reporting as well as operations.

Financial Analysis, Budgeting and Forecasting

• Prepare and present monthly financial reports including monthly profit and loss, volume trends, productivity and agency usage, participation in the monthly close of the division.

• Review and analyze monthly financial results and provide recommendation to site leadership.
• Review and maintain a healthy revenue cycle and managed care relationship to ensure consistent patient throughput and cash flow.
• Ongoing monitoring of expense structure to identify opportunities for efficiencies and cost reduction.
• Identify, develop, and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain monthly operating and capital budget.
• Engage with Foundation leadership for funding requests.

Knowledge, Skills & Abilities:

• Excellent leadership and interpersonal skills to effectively communicate ideas, problems, instructions (written and oral) with all levels of management at the site and corporate.

• Demonstrate leadership ability, confidence, and executive presence.
• Ability to analyze situations, evaluate data, recommend, and implement courses of action that would improve the functioning of the division.
• Ability to interpret, adapt, and apply guidelines, policies, and procedures.
• Ability to use sound judgment in decision making and react calmly and effectively in high pressure situation.

Salary Range

$343,687 - $475,000 base salary only; excludes leadership incentive