What are the responsibilities and job description for the Chief Financial Officer (CFO), Morehouse General Hospital (Bastrop, LA) position at Community Hospital Corporation?
The Chief Financial Officer (CFO) of Morehouse General Hospital is a pivotal role that reports directly to the Chief Executive Officer and is responsible for maintaining the financial integrity of the hospital and overseeing all financial and accounting operations. This position demands exceptional leadership skills and a hands-on approach to financial management, strategic planning, and performance improvement across the organization.
The CFO is charged with financial reporting, budgeting, forecasting, risk management, and adherence to regulatory requirements. This role also includes developing strategic financial plans, ensuring compliance with laws and guidelines, collaborating with department leaders on financial performance, and serving as a key advisor to the CEO and Board of Directors. Moreover, the CFO will foster effective relationships with external financial stakeholders.
Key Responsibilities
Benefits include a competitive salary, relocation package along with incentive compensation plan, 401(k) savings and match, and a comprehensive health and welfare benefits package.
Morehouse is a tobacco and drug free workplace. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
About Morehouse General Hospital
Morehouse General Hospital has a long history of serving Northeast Louisiana and Southeast Arkansas residents, opening in 1930 as a 19-bed acute care facility. The hospital has grown to 49 beds, and today offers many of the services of a larger hospital in a metropolitan area including a wide range of inpatient and outpatient capabilities. Morehouse General Hospital is recognized by the American Hospital Association as a high-performing hospital for best practices. Morehouse General Hospital is a community hospital that delivers advanced technology, skilled medical professionals and compassionate care to the residents of Northeast Louisiana and Southeast Arkansas.
The CFO is charged with financial reporting, budgeting, forecasting, risk management, and adherence to regulatory requirements. This role also includes developing strategic financial plans, ensuring compliance with laws and guidelines, collaborating with department leaders on financial performance, and serving as a key advisor to the CEO and Board of Directors. Moreover, the CFO will foster effective relationships with external financial stakeholders.
Key Responsibilities
- Financial Oversight: Manage all financial aspects of the hospital, including accounting, budgeting, financial reporting, and audit processes
- Strategic Planning: Collaborate with the leadership team to formulate and execute financial and operational strategies that align with the hospital's goals and mission
- Compliance and Risk Management: Ensure compliance with all healthcare regulations and laws while actively managing financial risks
- Team Leadership: Lead and develop the finance team, fostering a culture of continuous improvement and professional growth
- Stakeholder Engagement: Maintain robust relationships with external auditors, bankers, suppliers, and other key stakeholders to facilitate effective financial management
- Data Analysis: Use data analytics to monitor financial performance and identify areas for improvement in operational efficiencies and revenue generation
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field required
- Master's degree or CPA certification is strongly preferred
- Minimum of 5-10 years of progressive financial leadership experience in a hospital or healthcare setting is required
- Proven experience as a CFO or similar role with demonstrated financial acumen and strategic thinking
- Experience with financial management software and electronic health records
- Thorough understanding of healthcare finance principles, regulations, and best practices
- Excellent analytical skills and a strong attention to detail
- Demonstrated ability to lead teams and manage cross-functional projects
- Strong communication skills, both verbal and written, with the ability to present complex financial information to non-financial stakeholders
- Capacity to work effectively under pressure and manage competing priorities
- Proficiency in Microsoft Excel and financial modeling
Benefits include a competitive salary, relocation package along with incentive compensation plan, 401(k) savings and match, and a comprehensive health and welfare benefits package.
Morehouse is a tobacco and drug free workplace. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
About Morehouse General Hospital
Morehouse General Hospital has a long history of serving Northeast Louisiana and Southeast Arkansas residents, opening in 1930 as a 19-bed acute care facility. The hospital has grown to 49 beds, and today offers many of the services of a larger hospital in a metropolitan area including a wide range of inpatient and outpatient capabilities. Morehouse General Hospital is recognized by the American Hospital Association as a high-performing hospital for best practices. Morehouse General Hospital is a community hospital that delivers advanced technology, skilled medical professionals and compassionate care to the residents of Northeast Louisiana and Southeast Arkansas.
