VP of Finance

VP Of Finance

In close collaboration with system finance leaders, the President/CEO and senior executives, the VP of Finance helps lead the strategic direction of our team, ensuring the organization is fiscally sound and responsible. The VP of Finance acts as a strategic business partner to the President and other members of the executive leadership team, providing insight and recommendations to both short and long-term initiatives and growth plans.

S/he continuously assesses and evaluates the financial performance of the organization with regards to long-term operational goals, budgets and forecasts, and creates and establishes annual financial objectives that align with the health system's plan for growth and expansion. The VP of Finance should understand how to work across the health system to foster continuous operational improvement, integration and systemness. The VP of Finance will serve as an operationally minded, collaborative business partner with our leadership team, system leadership teams, as well as with all colleagues (physicians and staff).

S/he will proactively create an environment for successful organizational performance and accepts responsibility for the financial viability of the company. The VP of Finance will build strong positive working relationships both inside and outside of the organization in order for the health system to meet its strategic goals. Stylistically, this individual must be a passionate and focused executive who understands daily operations and has the vision and enthusiasm for patient care and the organization and communicates and represents that with all constituents, both inside and outside of the hospital.

Reporting to the System Chief Financial Officer, the VP of Finance is responsible for the organization's financial planning and decision support management strategy.

The VP of Finance also plays a coordinating role for the System for the following functions:

• Financial Planning
• Decision Support
• Annual Operating Budgets
• Multi-year financial projections and plans

S/he has two direct reports, including the Director of Financial Planning & Analysis, and Director of Decision Support. We currently utilize Infor for the general ledger, accounts payable, and materials management and Workday for payroll.

Key responsibilities include:

• Support the SVP/CFO in multiple capacities as our organization responds to a myriad of challenges prompted by external change.
• Advise the SVP/CFO and hospital executives on financial matters emerging in areas of responsibility, such as long-range planning, budgeting, business operations, etc.
• Provide oversight for the following centralized functions:
  Budgeting, and Decision Support.
• Ensure decision support systems adequately frame Financial Planning to identify areas of opportunity or threat and to support the operations and planning functions of the organization.
• In collaboration with the Corporate Treasurer, improve capital planning processes.
• Actively support activities to improve the cost effectiveness of the organization.
• Review, interpret, and analyze financial and statistical data for the SVP/CFO and perform financial analysis as requested.
• Participate in discussions and financial planning with management on proposed programs and projects. This may include the analysis of equipment purchases, lease arrangements, construction of facilities, and pro forma program operations.
• Develop systems, reports and processes to ensure accurate and timely revenue reporting and management. Ensures timely escalation and issues resolution. Works closely with compliance on any revenue matters that in violation of contracts or regulations.
• Collaborate with the VP of Revenue Cycle to determine how the individual rate increases should be distributed across the various departments to maximize the bottom line impact while complying with regulation and law.
• Direct the preparation of net revenue for budgeting and monthly financial statement reporting. Calculates contractuals for financial statement audit. Valuation of the outstanding Accounts Receivable monthly, working closely with the Revenue Cycle Operations group.
• Establish a reputation as a knowledgeable…