Vice President, Finance

The VP of Finance has direct responsibility for the planning, coordination, and direction of financial activities of designated hospitals. Participates in the financial and functional decision-making processes for the successful attainment of the operational and strategic goals and objectives of assigned entities. Maintains an awareness of changes in the healthcare regulatory environment that could have an impact on the success of the System or its member hospitals and assists with development of strategies to effectively manage through the changes.
The VP of Finance will work with the entity CEO, and Senior Team, other Finance VP’s and leaders from across the System to coordinate efforts within specified functional areas. The primary objectives of these efforts varies among the different functional areas but can include achieving consistency in policies and processes, streamlining processes to gain efficiencies and improve margins, and facilitate communication both within the finance team and with leadership of other divisions.

EDUCATION, CERTIFICATION, AND/OR LICENSURE:

1. Bachelor’s degree in accounting, finance, or business administration.

EXPERIENCE:

1. At least eight years health care finance experience.

2. At least five years financial management and supervisory experience in a health care setting.

EDUCATION, CERTIFICATION, AND/OR LICENSURE:

1. Master’s degree in accounting, finance, business administration, or healthcare administration.

2. CPA certification.

EXPERIENCE:

1. Financial management in a critical access hospital and/or a health care system environment.

The statements described here are intended to describe the general nature of work being performed by people assigned to this position. They are not intended to be constructed as an all-inclusive list of all responsibilities and duties. Other duties may be assigned.

1. Responsible for the planning, coordination, and direction of financial activities of the hospital and related subsidiaries/affiliates.

2. Monitors the financial performance and financial position of assigned entities to identify variances and key trends that could affect the entity’s and/or System’s financial viability. Reviews key financial and utilization information with entity CEO and Senior Team, System finance leaders, and others as needed in order to facilitate timely operating adjustments when necessary.

3. Establishes and maintains centralized administrative and financial policies for functional areas of responsibility where appropriate to standardize and provide consistency among System entities.

4. Works with entity CEO and Senior Team, other Finance VP’s and leaders from across the System to coordinate efforts within specified functional areas. The primary objectives of these efforts varies among the different functional areas but can include achieving consistency in policies and processes, streamlining processes to gain efficiencies and improve margins, and facilitate communication both within the finance team and with leadership of other divisions.

5. Coordinates reporting of the financial performance and financial position of assigned entities to their respective Finance Committees and Boards of Directors.

6. Responsible for long range strategic planning for assigned entities, including identification and assessment of growth opportunities, proformas for new or expanded business ventures, process improvements, margin enhancements, and resource deployment.

7. Assists with annual update of long range financial forecast for assigned entities in order to assess system-wide capital requirements, debt capacity, and cash planning.

8. Assists with coordination of annual external financial statement audits of assigned entities within WVUHS. Assists with corrective action plans regarding management letter and other recommendations for improving and/or correcting deficiencies in accounting system control procedures.

9. Responsible for the completion of annual operating and capital budgets for assigned entities within the established WVUHS budget guidelines and parameters.

10. Establishes relations…