SUMMARY OF THE JOB
- The Director of Finance directs the financial and other facility activities in accordance with defined hospital policies and objectives. Responsibilities include management of financial analysts and other departments as assigned, allocation of resources, and preparation of the annual budget. Position serves as the liaison to system departments including, but not limited to, Finance, Revenue Cycle, Case Management, Internal Audit, and Supply Chain. Functions in an active leadership role and as a member of the hospital leadership team. The Director of Finance is responsible to the Market CFO or Hospital CAO in markets with no CFO.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
Job Duties include the following, other duties may be assigned :Plan, develop, communicate, and implement the strategic financial direction for the facility in congruence with the overall Deaconess Health System strategic plan.Develop and administer plans and operations for budgeting, forecasting, decision-support, and capital acquisition analysis.Provide financial leadership and consultative support to all facility department directors and managers and joint venture companies.Lead monthly hospital budget variance committee, labor team, and capital committee.Ensure departments are meeting or exceeding departmental operating budgets and summarize results for Monthly Operating Review.In conjunction with operational leaders develop and implement plan to achieve labor efficiencies as defined by DHS leadership through utilization of peer benchmarking. Ensure departments are operating within the defined plan.Assist operational leaders in performing capital planning, prioritizing, financial feasibility, and acquisition analysis.Communicate financial operational performance with all stakeholders, including senior administration, appropriate facility staff members, board of directors, and system leadership.Analyze and explore means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports, and operating procedures.Assist operational leadership in development of long and short range hospital operations plans which may include service demand analysis, resources availability analysis, productivity, and cost benefit analyses of proposed capital and staff expansions.Monitor financial and economic information to identify trends and indicators that may impact business operations, planning, and so forth.Review denials issues and trends for maximizing net reimbursement for facility.Review contracts, purchase agreements, and other financial arrangements to ensure compatibility with business goals and expectations about profitability.Other special financial and management projects to support Board(s), executive management, department directors, managers and supervisors throughout the facility.Supervisory Responsibilities : Manages and leads subordinate managers of employees in assigned areas. Is responsible for the overall direction, coordination, and evaluation of these units. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Additional responsibilities include interviewing, hiring, training, and coaching employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.Competencies : If applicable and not listed below, please refer to the department for required competencies.JOB REQUIREMENTS & QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily and must clearly demonstrate all required competencies. The education / experience, certifications, skills, physical demands, and work environment described below further define requirements associated with this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Education and ExperienceMaster's degree or equivalent; five to ten years related healthcare experience and / or training or equivalent combination of education and experience.Certificates, Licenses, RegistrationsN / ALanguage SkillsAbility to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to executive management, Board of Directors, or other public groups.Mathematical SkillsAbility to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.Reasoning AbilityAbility to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.Computer SkillsTo perform this job successfully, an individual should have knowledge of accounting software, contract management systems, human resource systems, internet software, spreadsheet software, and word processing software.Other skills, ability or knowledgePHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of the job, the employee is regularly required to sit and to talk or hear. The employee is frequently required to stand or walk. The employee is occasionally required to use hands to handle, finger, or feel; reach with hands and arms; climb or crawl; stoop, kneel, crouch, crawl; and taste or smell. Specific vision abilities required by this job include close vision. Specific job duties that require the physical demands selected above include : reading reports, journals, and government regulations and working on computers.Work EnvironmentThe work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Compensation :
Salary -$85,000 / annual - $127,500 / annual
Incentives :
Eligible for evening / night, weekend shift incentive based on company policies and applicable job codes. Additional details will be provided during the interview process.
Bonus :
Potential for a performance-based bonus, subject to eligibility criteria and achievement of defined metrics. Details regarding bonus eligibility and performance goals will be provided during the interview process or upon hire.
Benefits :
We pride ourselves in retaining our top talent by offering work environments that support professional development and personal success. In addition to our robust healthcare and retirement plans, we offer : - Flexible work schedules - Full time / part time / supplemental - Day / Eve / Night - Tuition reimbursement - Student Loan Repayment Program - Payactiv-earned w
Incentives :
Eligible for evening / night, weekend shift incentive based on company policies and applicable job codes. Additional details will be provided during the interview process.
Bonus :
Potential for a performance-based bonus, subject to eligibility criteria and achievement of defined metrics. Details regarding bonus eligibility and performance goals will be provided during the interview process or upon hire.
Benefits :
We pride ourselves in retaining our top talent by offering work environments that support professional development and personal success. In addition to our robust healthcare and retirement plans, we offer : - Flexible work schedules - Full time / part time / supplemental - Day / Eve / Night - Tuition reimbursement - Student Loan Repayment Program - Payactiv-earned wage benefit-work today, get paid tomorrow - Career advancement opportunities
Explore All Benefits :
Salary : $85,000 - $127,500
