What are the responsibilities and job description for the Chief Financial Officer in Training position at Fairfax Behavioral Health?
Job Title: Chief Financial Officer in Training
As a leader in Behavioral Health Services, Fairfax Behavioral Health continues to grow its Behavioral Health Division through organic hospital development and acquisitions. To harness and develop talent for future financial executive positions within our behavioral health hospitals and programs, we have developed an exciting program to identify high potential hospital-based financial leaders in the marketplace and internally within the Fairfax Behavioral Health hospital system.
The CFO in Training development program has been designed to place chosen candidates within a Fairfax Behavioral Health free-standing inpatient psychiatric facility where they will work closely under the tutelage of a Chief Financial Officer. During the training period, candidates will focus on key areas of the business, gaining expertise in accounting and finance functions along with managing and creating a successful team. Key areas include but are not limited to:
The program prepares fast-track healthcare financial leaders to harness their talent and broaden knowledge of financial leadership within a Fairfax Behavioral Health inpatient Acute Psychiatric Facility. Candidates that successfully complete the training will be placed as Chief Financial Officers within the Fairfax Behavioral Health Division. Throughout the years, Fairfax Behavioral Health has attracted and developed a large number of talented hospital CFOs. Do you have what it takes to be a Fairfax Behavioral Health Hospital CFO?
Candidates must be open to relocation once training is successfully completed. Fairfax Behavioral Health operates nearly 100 Behavioral Health Facilities nationwide. Successful completion of the program requires relocation to a Chief Financial Officer role. Relocation assistance is provided by Fairfax Behavioral Health once the program is completed.
The successful Chief Financial Officer in training will work to develop the following skills and responsibilities:
Requirements:
This Opportunity offers the following:
As a leader in Behavioral Health Services, Fairfax Behavioral Health continues to grow its Behavioral Health Division through organic hospital development and acquisitions. To harness and develop talent for future financial executive positions within our behavioral health hospitals and programs, we have developed an exciting program to identify high potential hospital-based financial leaders in the marketplace and internally within the Fairfax Behavioral Health hospital system.
The CFO in Training development program has been designed to place chosen candidates within a Fairfax Behavioral Health free-standing inpatient psychiatric facility where they will work closely under the tutelage of a Chief Financial Officer. During the training period, candidates will focus on key areas of the business, gaining expertise in accounting and finance functions along with managing and creating a successful team. Key areas include but are not limited to:
- Provider contracting
- Budget and strategic planning
- Accounts Receivable
- Business Office oversight
- Preparation of monthly and yearly financial packages
- FTE management/staffing in relationship to patient volume
The program prepares fast-track healthcare financial leaders to harness their talent and broaden knowledge of financial leadership within a Fairfax Behavioral Health inpatient Acute Psychiatric Facility. Candidates that successfully complete the training will be placed as Chief Financial Officers within the Fairfax Behavioral Health Division. Throughout the years, Fairfax Behavioral Health has attracted and developed a large number of talented hospital CFOs. Do you have what it takes to be a Fairfax Behavioral Health Hospital CFO?
Candidates must be open to relocation once training is successfully completed. Fairfax Behavioral Health operates nearly 100 Behavioral Health Facilities nationwide. Successful completion of the program requires relocation to a Chief Financial Officer role. Relocation assistance is provided by Fairfax Behavioral Health once the program is completed.
The successful Chief Financial Officer in training will work to develop the following skills and responsibilities:
- Monitor and control accounts receivables
- Closely oversee Business Office functions to ensure cash collection goals are met, and net revenue is properly stated
- Improve the profitability of the hospital
- Continually monitor costs in all areas, especially staffing as it relates to patient volume
- Develop and monitor policies and procedures within generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow, reduced hospital operating costs, and increased revenues
- Prepare monthly financial statements, financial packages, reports/analysis
- Provide reconciliations, account analysis, and other information for Reimbursement Department, Tax Department, Auditors, etc., to aid in preparation of reports
- Prepare annual budget in conjunction with Fairfax Behavioral Health standards
- In cooperation with management and department heads, review prior financial results and discuss anticipated changes to highlight future needs and trends of the facility
Requirements:
- Minimum of 5 years of experience in a financial role in an inpatient healthcare setting, Acute Care Hospital and behavioral health strongly preferred
- Minimum education requirement of a Bachelor's degree in accounting, master's degree preferred
- Experience in multiple areas of healthcare finance and accounting required: AP/AR, payroll, accounting, business office, financial counseling, budgeting, etc.
This Opportunity offers the following:
- Challenging and rewarding work environment
- Growth and Development Opportunities within Fairfax Behavioral Health and its Subsidiaries
- Competitive Compensation
- Excellent Medical, Dental, Vision and Prescription Drug Plan
- 401(k) plan with company match
- Generous Paid Time Off
