Chief Financial Officer

Time Type:Full timeHours per Pay Period:80Shift:Day ShiftMinimum: Depending on ExperienceMaximum: Depending on Experience(This represents the rate for an individual with significant experience in this job in a full-time 40 hour per week position)Department:Finance DivisionCurrent Bay Area Hospital Employee: If you are a current Bay Area Hospital employee, please apply through the Workday internal career site.

The future looks bright at Bay Area Hospital, and we are always searching for quality people to join our team. We offer a great atmosphere, competitive pay, a wide array of benefits, and many growth opportunities for our employees.

Job Description:Chief Financial OfficerTo manage the operations of the finance divisionEXPECTATION FOR ALL EMPLOYEESSupport the organization’s mission, vision and values by adhering to the behavioral standards of Bay Area Hospital. Comply with all laws and regulations affecting Bay Area Hospital. Be familiar with and adhere to the Code of Conduct and support the Bay Area Hospital Compliance Program. Effective communication skills and the ability work effectively with people from various backgrounds are critical.

POSITION SUMMARYThe Chief Financial Officer is responsible for the management of all financial activities of the hospital including accounting, budgeting and reimbursement, treasury functions and reporting policies to ensure accuracy, consistency and timeliness of all reports. The CFO has ultimate oversight for all fiscal services that involve the business and administrative functions of admissions, registration, accounts receivables, credit and collections, accounts payable, cash flow, charge master descriptions and clinical coding of medical records. PRINCIPLE DUTIES AND RESPONSIBILITIESWorks closely with the President/Chief Executive Officer, Executive Team, and the entire hospital staff to help fiscally improve the organizationPrepares current and comparative analysis reports and statements reflecting variations in cost and revenues, and financial condition of the hospital by analyzing net income, expenses, and profit/loss for each hospital department, based on factors such as patient revenue, material and supply costs, and staff salaries and wagesEvaluates contract proposals from outside vendors and managed care companies to analyze the financial impact on the hospital and to ensure the future viability of the organization Prepares special analytical, statistical and financial studies to support long range planning, and investigation and appraisal of major equipment purchases and hospital expansion or remodelDirects and coordinates activities concerning financial administration, general accounting, financial analysis, business services, revenue cycle, materials management, reimbursement, health information management, facilities, biomed, environmental and food servicesWorks with investment managers to follow ORS regulations and choose appropriate investmentsParticipates in labor negotiations and labor disputesDirects preparation of Hospital budgets by establishing policies and procedures for the preparation of department budgets, and coordinating compilations into the hospital budgetObtains funding for large projectsCoordinates insurance policies so that assets are properly insured against loss or damage.

Develops and maintains appropriate cash flow projections and controls, continually reviewing the cash position and ensures that adequate funds are available to meet outstanding and planned commitmentsDirects preparation of cost reimbursement reports to government and private third party agencies to ensure that the hospital is in compliance with the financial requirements of all regulatory agencies while receiving the appropriate reimbursementsAttends workshops, seminars and maintains program of self-study to learn of current developments in financial areas and pending government regulatory changesParticipates in the analysis of employee benefit plans and wage increases to determine current and future cost impactsSKILLS AND ABILITIES and COMPENTECIESCollaborationUnderstands the importance of relationships to enabling effective teamwork. Modifies personal style, focusing on the needs of others, and listens effectively to ensure effective outcomes for group endeavors.

Leading OthersActs in a leadership position to achieve desired results by inspiring trust in others, providing clear direction and effectively attracting and deploying talent.

Developmental LeadershipActively encouraged others to reach their highest level of effectiveness as individuals and as teams. Seeks out developmental opportunities for self and for others. CommunicationInteracts with others through verbal and non-verbal means to present information in an engaging and understandable manner. The use of listening and other attending behaviors to gain a shared understanding of the topic at hand.

Vision + StrategyDefines and creates a compelling vision for the future and the implementation of strategies necessary for success.

Decision MakingMakes high quality decisions in a timely manner, usually with less data and analysis than might be desired.

Results FocusTakes a dynamic approach to work characterized by initiating decisions and actions. Concentrates on achieving the outcomes of a process or project while adhering to the overall strategy of the organization. Creates a culture of accountability and performance.

CollaborationUnderstands the importance of relationships to enabling effective teamwork. Modifies personal style, focusing on the needs of others, and listens effectively to ensure effective outcomes for group endeavors.

EDUCATION/CERTIFICATIONS/LICENSES/DEGREESBachelor of Science/Arts Degree from an accredited university or collegeMasters of Business Administration degree in Accounting/Finance (will consider extensive experience in lieu of)FHFMA certification or CPA certification preferredEXPERIENCEA minimum of Five (5) years of progressively responsible exercise in administering the financial areas and programs in a health care facilityGENERAL INFORMATIONUnion Affiliation: NoneThe above statements are intended to describe the general nature and level of work being performed by individuals assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities and job skills required. PHYSICAL/MENTAL/ENVIRONMENTAL REQUIREMENTSRequires extensive sitting with periodic standing and walkingMay be required to lift up to 20 poundsRequires significant use of personal computer, phone and general office equipmentNeeds adequate visual acuity, ability to grasp and handle objectsNeeds ability to communicate effectively through reading, writing, and speaking in person or on telephoneMay require off-site travelEXPECTATION FOR ALL EMPLOYEESSupport the organization’s mission, vision and values by adhering to the behavioral standards of Bay Area Hospital. Comply with all laws and regulations affecting Bay Area Hospital. Be familiar with and adhere to the Code of Conduct and support the Bay Area Hospital Compliance Program. Effective communication skills and the ability work effectively with people from various backgrounds are critical.

POSITION SUMMARYThe Chief Financial Officer is responsible for the management of all financial activities of the hospital including accounting, budgeting and reimbursement, treasury functions and reporting policies to ensure accuracy, consistency and timeliness of all reports. The CFO has ultimate oversight for all fiscal services that involve the business and administrative functions of admissions, registration, accounts receivables, credit and collections, accounts payable, cash flow, charge master descriptions and clinical coding of medical records. PRINCIPLE DUTIES AND RESPONSIBILITIESWorks closely with the President/Chief Executive Officer, Executive Team, and the entire hospital staff to help fiscally improve the organizationPrepares current and comparative analysis reports and statements reflecting variations in cost and revenues, and financial condition of the hospital by analyzing net income, expenses, and profit/loss for each hospital department, based on factors such as patient revenue, material and supply costs, and staff salaries and wagesEvaluates contract proposals from outside vendors and managed care companies to analyze the financial impact on the hospital and to ensure the future viability of the organization Prepares special analytical, statistical and financial studies to support long range planning, and investigation and appraisal of major equipment purchases and hospital expansion or remodelDirects and coordinates activities concerning financial administration, general accounting, financial analysis, business services, revenue cycle, materials management, reimbursement, health information management, facilities, biomed, environmental and food servicesWorks with investment managers to follow ORS regulations and choose appropriate investmentsParticipates in labor negotiations and labor disputesDirects preparation of Hospital budgets by establishing policies and procedures for the preparation of department budgets, and coordinating compilations into the hospital budgetObtains funding for large projectsCoordinates insurance policies so that assets are properly insured against loss or damage.

Develops and maintains appropriate cash flow projections and controls, continually reviewing the cash position and ensures that adequate funds are available to meet outstanding and planned commitmentsDirects preparation of cost reimbursement reports to government and private third party agencies to ensure that the hospital is in compliance with the financial requirements of all regulatory agencies while receiving the appropriate reimbursementsAttends workshops, seminars and maintains program of self-study to learn of current developments in financial areas and pending government regulatory changesParticipates in the analysis of employee benefit plans and wage increases to determine current and future cost impactsSKILLS AND ABILITIES and COMPENTECIESCollaborationUnderstands the importance of relationships to enabling effective teamwork. Modifies personal style, focusing on the needs of others, and listens effectively to ensure effective outcomes for group endeavors.

Leading OthersActs in a leadership position to achieve desired results by inspiring trust in others, providing clear direction and effectively attracting and deploying talent.

Developmental LeadershipActively encouraged others to reach their highest level of effectiveness as individuals and as teams. Seeks out developmental opportunities for self and for others. CommunicationInteracts with others through verbal and non-verbal means to present information in an engaging and understandable manner. The use of listening and other attending behaviors to gain a shared understanding of the topic at hand.

Vision + StrategyDefines and creates a compelling vision for the future and the implementation of strategies necessary for success.

Decision MakingMakes high quality decisions in a timely manner, usually with less data and analysis than might be desired.

Results FocusTakes a dynamic approach to work characterized by initiating decisions and actions. Concentrates on achieving the outcomes of a process or project while adhering to the overall strategy of the organization. Creates a culture of accountability and performance.

CollaborationUnderstands the importance of relationships to enabling effective teamwork. Modifies personal style, focusing on the needs of others, and listens effectively to ensure effective outcomes for group endeavors.

EDUCATION/CERTIFICATIONS/LICENSES/DEGREESBachelor of Science/Arts Degree from an accredited university or collegeMasters of Business Administration degree in Accounting/Finance (will consider extensive experience in lieu of)FHFMA certification or CPA certification preferredEXPERIENCEA minimum of Five (5) years of progressively responsible exercise in administering the financial areas and programs in a health care facilityGENERAL INFORMATIONUnion Affiliation: NoneThe above statements are intended to describe the general nature and level of work being performed by individuals assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities and job skills required. PHYSICAL/MENTAL/ENVIRONMENTAL REQUIREMENTSRequires extensive sitting with periodic standing and walkingMay be required to lift up to 20 poundsRequires significant use of personal computer, phone and general office equipmentNeeds adequate visual acuity, ability to grasp and handle objectsNeeds ability to communicate effectively through reading, writing, and speaking in person or on telephoneMay require off-site travelCompensation Grade:ExecutiveCompensation Grade Profile:Chief Financial OfficerBay Area Hospital is an Equal Opportunity Employer.

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