The Director of Finance will provide strategic financial leadership and oversee financial planning, reporting, and operational analysis within a growing healthcare organization. This individual will partner closely with executive and operational leadership to improve financial performance, support strategic initiatives, and drive operational efficiencies.
The ideal candidate brings a strong background in healthcare finance and accounting, with the ability to combine financial planning and analysis with hands-on accounting expertise. This role requires a collaborative leader who can translate financial and operational data into actionable insights that support organizational growth and profitability.
Responsibilities
- Lead budgeting, forecasting, long-range planning, and financial modeling to support organizational objectives.
- Serve as a strategic finance partner to executive, operational, and clinical leadership.
- Analyze financial and operational performance, identifying key trends, risks, and opportunities for improvement.
- Develop financial models and business cases to support strategic initiatives, capital investments, and operational decisions.
- Provide financial insights and recommendations to improve profitability, efficiency, and overall business performance.
- Oversee financial reporting, variance analysis, balance sheet reviews, and related accounting activities.
- Partner with Accounting to ensure accurate financial reporting and compliance with GAAP, internal controls, and applicable healthcare requirements.
- Support capital planning, financial audits, and other financial reporting initiatives.
- Identify opportunities to improve accounting processes, reporting accuracy, and financial controls.
- Partner with Revenue Cycle leadership to evaluate collections, reimbursement trends, denials, and overall revenue performance.
- Analyze net revenue, cash collections, contractual adjustments, and other key revenue cycle metrics.
- Support revenue recognition and financial reporting related to patient services.
- Identify opportunities to improve revenue realization, cash flow, and financial performance.
Cost Accounting & Business Partnership
- Oversee or support cost accounting, profitability analysis, and cost allocation methodologies.
- Analyze profitability across business units, services, and operating locations.
- Develop financial reporting and analytics to improve visibility into operational performance and cost drivers.
- Partner with cross-functional leaders to identify and implement financial and operational improvements.
- Support continuous improvement initiatives that strengthen financial processes, reporting, and decision-making.
Qualifications & Experience
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field required; MBA, MHA, or CPA preferred.
- 7-10+ years of progressive experience in healthcare finance, accounting, or operational finance.
- 3-5+ years of finance leadership experience within a hospital, health system, ambulatory surgery center, or healthcare services organization.
- Direct hospital finance and accounting experience required.
- Strong experience with budgeting, forecasting, financial modeling, management reporting, and financial performance analysis.
- Solid understanding of healthcare accounting, GAAP, financial statements, and internal controls.
- Experience partnering with Revenue Cycle Management teams and understanding reimbursement, collections, denials, and revenue recognition.
- Knowledge of cost accounting, profitability analysis, and cost allocation methodologies within a healthcare environment.
- Experience supporting capital planning, financial audits, and operational improvement initiatives.Advanced Excel and financial modeling skills, with experience using financial reporting and analytical tools.
- Strong analytical and problem-solving skills with the ability to translate financial data into actionable recommendations.
- Demonstrated ability to partner with executive and operational leadership and communicate financial information to non-finance stakeholders.
- Hands-on, collaborative leadership style with the ability to operate effectively in a fast-paced, evolving environment.