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Chief Financial Officer

King City, CA · Accounting/Finance
Position:  Chief Financial Officer
Location:  King City, CA
Pay Range:  $187,000 -$240,000 
Employment type:  Executive, full-time, permanent
Department:    Accounting
Reports To:  CEO
Job Description:
Directs, supervises and coordinates functions and activities assigned to areas of responsibility.  Consults with and advises the Hospital Chief Executive Officer on problems related to the financial operation of the Hospital: recommends changes in policy, facility operations of the Hospital and programs to achieve the Hospital’s objectives. Provides leadership, direction and administration of Hospital financial systems.
  • Develops and implements solutions to areas of need as identified by the Hospital Chief Executive Officer relative to the operation of the total hospital or assigned operational areas.
  • Work projects are completed in accordance with established time frames.
  • Demonstrates the ability to research all aspects of projects; presents results in an organized, concise report of findings.
  • Effectively adjusts daily schedule as required to perform urgent assignments or special projects.
  • Assists in Administration and coordination of hospital activities.
  • Executes job duties to achieve optimal productivity and efficiency.
  • Performs duties independently with minimal supervision required.
  • Demonstrates effectiveness in consulting and advising the Hospital Chief Executive Officer.
  • Recommends changes in administrative policies and procedures, which consistently result in more effective Hospital operations.
  • Regularly reviews areas of operational assignment against TJC standards and policies established by the Board of Trustees.
  • Recommends strategies or changes, which meet Hospital objectives, accreditation and/or licensing requirements.
  • Demonstrates a thorough knowledge and understanding of Hospital operations; consistently demonstrates knowledge of the “why” as well as the “how” of Hospital operations.
  • Follows through on matters requiring attention.
  • Combines ethical judgment with technical skills within the policy and legal guidelines of the Hospital; understands the legal, social, economic and political forces which influence the health care system.
  • Directs the Hospital’s long and short term financial planning process.
  • Develops and implements financial policies and programs, which will assist in the achievement of financial objectives.
  • Produces timely financial statements for appropriate management staff, which, accurately identify performance and potentially suggest corrective action.
  • Develops, manages and implements the capital and operational budgeting processes.
  • Maintains working expertise in the knowledge of changing accounting standards such as FASB and AICPA rulings and government regulations.
  • Establishes key financial goals, operational performance ratios, and other measures against which the Hospital’s financial performance can be monitored and measured. Coordinate the activities of the Hospital’s cost analysis efforts.
  • Assists CIO in the development of the reimbursement process.
  • Coordinates the activities of external auditors to assure timely and efficient completion of audits.
  • Functions as a member of the Administrative Team and presents/interprets monthly financial statements.
  • Responds to anticipated economic trends or regulatory changes by recommending strategies which facilitate the achievement of financial objectives.
  • Provides required information for evaluation through the planning process.
  • Applies appropriate financial principles and accepted accounting standards in preparation and maintenance of the financial planning process.
  • Provides a broad base of services to support the financial integrity of the Hospital.
  • Scrutinizes areas of under-utilized capacity and overhead; identifies methods of increasing utilization or reducing overhead as appropriate.
  • Demonstrates positive interpersonal relations with constituents; cooperates harmoniously with others in the planning and accomplishment of the Hospital’s strategic goals and objectives.
  • Provides guidance and understanding to staff, management, Physicians, Board of Trustees and the public regarding the Hospital’s financial process and accountability.
  • Provides appropriate response and actions to anticipated or recognized misunderstanding or misinterpretation of financial data.
  • Directs and participates in the development and execution of appropriate strategies and action plans to implement effective integration of Hospital fiscal services with other hospital departments, entities and public.
  • Demonstrates the ability to effectively resolve inter-and intra-department problems related to the financial process.
  • Answers inquiries in a comprehensive, accurate and professional manner
  • Coordinates the efforts of assigned organizational areas to achieve teamwork objectives with other work areas, staff and the medical community.
  • Assumes personal responsibility for professional development and ongoing education.
  • Actively works at developing excellent verbal and written skills necessary for effective communication.
  • Actively maintains professional affiliations to enhance professional growth and development and to remain current with the latest trends in Hospital administration.  
  • Seeks opportunities to refine expertise in management, legal aspects of health care and other relevant areas, as necessary, to function effectively in assigned areas.
  • Attends relevant seminars and completes continuing education courses as appropriate; discusses personal educational objectives with the Hospital Chief Executive Officer on a regular basis.
  • Is eligible for active membership in professional associations.
  • Remains current with national and local issues affecting hospital and their potential impact on assigned areas.
  • Demonstrates the ability to respond to changing circumstances in a manner so as to maximize the opportunity and minimize the problem.
  • Acts decisively and takes effective action appropriate to the circumstances, as required.
  • Demonstrates an understanding and appreciation of the pressures, stress and frustrations experience by hospital managers during the course of their work routines; delegates sufficient authority to enable department managers to oversee their responsibilities within assigned areas; promotes a sense of value and feeling of appreciation.
  • Strives to provide motivation and challenges, which encourage consistent growth and development of staff members; recognizes and rewards exceptional performance; creates and implements performance incentives.
  • Encourages department managers to recognize and utilize every opportunity to improve productivity efforts within their assigned responsibility areas; fosters a total managerial commitment to the improvement of productivity at every possible level.
  • Consults with department managers on a regular basis to keep lines of communication open, to maintain positive staff morale and maintain a productive atmosphere.
  • Identifies potential leaders and assists in developing a Hospital succession plan.
  • Supervises assigned department managers in a firm, fair and objective manner; provides direction as necessary; leads by professional example.
  • Provides direction in serious disciplinary situations; acts as a resource to department managers in reviewing disciplinary processes.
  • Demonstrates a proactive attitude and seeks to provide support and resources in major decision making.
  • Develops and maintains teamwork among assigned departments by fostering understanding and support between department managers.
  • Demonstrates the necessity for assigned departments to accept and practice the policies and procedures of the Hospital
  • Encourages department managers to solicit staff participation and input into the Hospital/department communication and decision-making process.
  • Demonstrates the ability to capitalize on individual department manager’s unique strengths.
  • Exhibits responsiveness to others in the organization at all levels (e.g., returning telephone calls, meeting punctuality, maintaining availability to meet, etc.).
  • Ensures that assigned managerial and supervisory personnel are provided the resources to take advantage of educational opportunities in relevant responsibility areas.
  • Keeps assigned department managers informed of hospital activities, needs, problems and administrative matters.
  • Develops standards of performance, determines areas of responsibility and accountability and delegates authority, utilizing appropriate judgment and discretion
  • Provides direction and policy interpretation to department managers in managing their responsibility areas; offers advice in handling special operational matters and administrative concerns.
  • Evaluates the performance of assigned department managers to facilitate their professional development and maximize their contribution towards established hospital goals.
  • Contributes to and participates in various inter-disciplinary committees, as assigned. 
  • Degree in Business Administration with accounting emphasis- required
  • CPA highly desirable
  • Work experience in a California acute care hospital or other health care institution, public accounting firm or related environment as a controller or similar function.
  • Experience with Critical Access
  • Experience with Medicare Cost Reporting
  • Demonstrated in depth knowledge and experience in managing general accounting, patient accounting, budgeting, reimbursement, management information systems, materials management, utilization review and medical records system.
  • Familiarity with financial and patient care information systems, within a highly computerized organization.
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