Chief Financial Officer

Chief Financial Officer

Time Type: Full time

Hours per Pay Period: 80 Shift: Day Shift

Minimum: Depending on Experience Maximum: 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 Division

Current 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 Officer

To manage the operations of the finance division

EXPECTATION FOR ALL EMPLOYEES

Support 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 SUMMARY

The 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 RESPONSIBILITIES

• Works closely with the President/Chief Executive Officer, Executive Team, and the entire hospital staff to help fiscally improve the organization

• Prepares 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 wages

• Evaluates 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 remodel

• Directs 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 services

• Works with investment managers to follow ORS regulations and choose appropriate investments

• Participates in labor negotiations and labor disputes

• Directs preparation of Hospital budgets by establishing policies and procedures for the preparation of department budgets, and coordinating compilations into the hospital budget

• Obtains funding for large projects

• Coordinates 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 commitments

• Directs 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 reimbursements

• Attends workshops, seminars and maintains program of self-study to learn of current developments in financial areas and pending government regulatory changes

• Participates in the analysis of employee benefit plans and wage increases to determine current and future cost impacts

Collaboration

Understands 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/DEGREES

• Bachelor of Science/Arts Degree from an accredited university or college
• Masters of Business Administration degree in Accounting/Finance (will consider extensive experience in lieu of)
• FHFMA certification or CPA certification preferred

EXPERIENCE

• A minimum of Five (5) years of progressively responsible exercise in administering the financial areas and programs in a health care facility

• GENERAL INFORMATION

• Union Affiliation: None

• The 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 REQUIREMENTS

• Requires extensive sitting with periodic standing and walking

• May be required to lift up to 20 pounds

• Requires significant use of personal computer, phone and general office equipment

• Needs adequate visual and mental stamina

• Work environment may include exposure to noise, dust, and chemicals commonly found in a hospital setting

• May require travel to other facilities or meeting sites as needed

• "