Chief Financial Officer Job Mission area,Kansas USA,Finance & Banking

Description

The Chief Financial Officer has primary responsibility for the planning, implementation, managing and oversight of all finance-related activities of St. Croix Health, including business strategy, planning, budgeting, forecasting and negotiations. This position is responsible for the direction and oversight of the financial management system and the safeguarding of the organization’s tangible assets. This position is charged with external financial reporting, managerial accounting, treasury, budget, tax, audit, internal controls and asset management.

In addition, this position plays a key role in representing SCH’s interest on boards and committees of partnering and affiliated organizations. This position works closely with the Finance Committee of the Board of Trustees and reports directly to the Chief Executive Officer.

Responsibilities

Steers the financial oversight for the organization and develops organizational business strategies providing fiscal and budgetary expertise.

Works with the President/CEO and other executives to coordinate planning and establish priorities for the planning process.

Participates in the strategic planning process in accordance with the organization’s mission and values, including creation of the plan and realistic goal setting.

Studies long-range economic trends and projects their impact on future growth in sales and market share.

Compares billing and profit projections to actual figures and budgeted expenses to actual expenses; makes or oversees any necessary adjustments to future projections and budgets.

Reviews financial planning process and suggests improvements to current methods.

Reviews, interprets, analyzes, and communicates financial reports and data to the Finance Committee, Board of Trustees and management.

Exhibits considerable knowledge of Medicare cost principles and practices, understands implications of changes in Medicare and Medicaid rules, can communicate implications of legislative changes, and manage the annual report and audit processes.

Leads and collaborates with teams in aligning business plans with financial strategies.

Proactively involves all key stakeholders, monitors progress, addresses challenges, and completes work on time and on budget.

Analyzes operations to identify areas in need of reorganization, downsizing, or elimination including identifying opportunities for expansion into new service areas.

Provides cost, revenue, and return on investment projections for various service lines; coordinates with teams to provide support for financial analysis of services lines or programs.

Develops financial management framework philosophies, policies, and procedures.

Establishes and ensures adherence to proper accounting controls and procedures.

Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports.

Oversees the process for preparing and approving the annual Operating and Capital Budgets for the Organization.

Develops, interprets, coordinates and administers the organization’s policies to control the receipt of revenue, expenditure of funds and conservation of assets.

Manages SCH’s financial obligations in negotiations of contracts, payer relations, and pricing strategies.

Ensures SCH’s financial compliance and stewardship.

Manages investment of funds and works with investment bankers to raise additional capital required for growth and expansion.

Compares revenue, expense, and profit projections to actual figures and budgeted expenses to actual expenses; makes or oversees any necessary adjustments to future projections and budgets.

Keeps abreast and ensures compliance with CMS regulations, Federal congressional actions and deliberations, and state and local decisions influencing fiscal management of the healthcare organization.

Coordinates financial and governmental audits and provides recommendations for procedural improvements.

Manages banking relationships and maintains best practice in banking strategies and procedures.

Manages and provides oversight to SCH’s tax matters include real estate, personal property, and sales and use as well…