Chief Financial Officer

Soldotna, United States | Posted on 03/11/2025

Job Title:
Chief Financial Officer (CFO)
Location: Soldotna, AK
Reports to: Chief Executive Officer (CEO)
Department: Finance

The Chief Financial Officer (CFO) is responsible for overseeing the financial operations of the hospital. The CFO will provide strategic leadership in financial planning, management, and reporting, ensuring the hospital’sfinancial health and sustainability. This role is key in developing long-term financial strategies, managing budgets, financial forecasting, and ensuring compliance with regulatory standards. The CFO will work closely with senior leadership and department heads to align financial strategies with the hospital's mission and goals.

• Financial Planning and Analysis:
• Lead the hospital’s financial planning, budgeting, and forecasting processes.
• Provide financial analysis and reporting to inform decision-making and strategic planning.
• Monitor financial performance and recommend adjustments to achieve financial goals.
• Financial Operations and Reporting:
• Oversee all accounting functions, including financial reporting, general ledger management,payroll, accounts payable, and accounts receivable.
• Ensure timely and accuratepreparation of financial statements, including balance sheets, incomestatements, and cash flow statements.
• Ensure compliance with all financial regulations, accounting standards (GAAP), and reporting requirements.
• Strategic Financial Leadership:
• Collaborate with the CEO and executive team to develop and implement long-term financial strategies tosupport the hospital’s mission and goals.
• Provide leadership in optimizing resource utilization, cost control, and capital investments.
• Analyze financial trends andmarket conditions to recommend actions that drive financial sustainability.
• Cash Management and Investment:
• Oversee cash flow management,ensuring the hospital maintains sufficient liquidity to meet operational needs.
• Develop strategies to manage capital structure, optimize working capital, and ensure cost-effectiveinvestments.
• Regulatory Compliance and
  
  Risk Management:
  
  
• Ensure compliance with federal,state, and local healthcare regulations, as well as hospital policies.
• Oversee risk management strategies, including insurance coverage and internal financial controls to mitigate financial risks.
• Coordinate audits and ensure accurate financial record-keeping.
• Leadership and Team Management:
• Lead and mentor the finance team, promoting professional development and high performance.
• Foster a collaborative environment across departments to align financial goals with organizational priorities.
• Communicate effectively with the Board of Directors, executive team, and other stakeholders aboutfinancial performance and strategy.
• External Relations:
• Serve as the primary contact for external auditors, banks, insurance carriers, and other financial institutions.
• Assist in raising capital for hospital expansion or improvement projects, including financing options.
• Cost Management and Operational Efficiency:
• Oversee the development and implementation of cost control initiatives.
• Recommend operational improvements to reduce expenses and enhance financial efficiency.

• Education:
• Bachelor's degree in Accounting,Finance, Business Administration, or a related field (required).
• MBA or Master's in Healthcare Administration (preferred).
• CPA, CMA, or other relevant certifications (preferred).
• Experience:
• Minimum of 7-10 years of progressive financial management experience, with at least 5 years in aleadership role, preferably within the healthcare industry.
• Strong understanding of healthcare finance, including reimbursement, billing, and regulatory compliance.
• Proven experience in strategic planning, budgeting, financial forecasting, and…