Chief Financial Officer - Accounting
Company: Salem Memorial District Hospital
Location: Salem
Posted on: January 22, 2023
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Job Description:
Job Posting Chief Financial Officer - Accounting Chief Financial
Officer
Purpose: As part of an executive management team, the CFO is
responsible for organization's overall financial plans, policies
and accounting practices. Leads and administers the organization's
budgeting processes. Directs treasury, budgeting, audit, tax and
accounting activities for the organization. Establishes financial
reporting system with controls and standards to safeguard
organization assets. Ensures accurate and timely financial
information. Develops accounting and statistical data. The CFO must
display a cohesive ability at interpersonal and communication
skills, both verbally and written. They must be able to engage with
staff at all levels of the organization and exercise sound and
ethical judgement.
Additionally:
--- Plan, develop, organize, implement, direct and evaluate the
organization's fiscal function and performance to include oversight
of all financial related systems.
--- Participate in the development of the corporation's plans and
programs as a strategic partner. Evaluate and advise on the impact
of long-range planning, introduction of new programs/strategies and
regulatory action.
--- Owns the budgeting process and develops credibility by
providing timely and accurate analysis of budgets, financial
reports and financial trends in order to assist the CEO/President,
the Board and other senior executives and managers in performing
their responsibilities.
--- Enhance and/or develop, implement and enforce policies and
procedures of the organization by way of systems that will improve
the overall operation and effectiveness of the corporation and
ensure fiscal compliance.
--- Establish credibility throughout the organization,
Administration team and with the Board as an effective developer of
solutions to business challenges.
--- Continual improvement of the budgeting process through
developing capability in department managers on financial issues
impacting department budgets.
--- Provide strategic financial input and leadership on decision
making issues affecting the organization, i.e., hospital
operations, physician practice operations, ancillary operations,
etc.
--- Optimize the handling of bank and deposit relationships and
initiate appropriate strategies to enhance cash position.
--- Develop a reliable cash flow projection process and reporting
mechanism that includes minimum cash threshold to meet operating
needs. Manages the revenue cycle to achieve the set goals and drive
continual improvement.
--- Be an advisor from the financial perspective on any contracts
into which the corporation may enter. This includes ownership and
expertise in Managed care / payer contract comprehension and
oversight.
--- Provide Leadership and Oversight by direct report to the
following department areas: Medical Records, Accounting,
Information Systems/Compliance, Materials Management, Business
office operations.
Academic, Certifications, & Trade Qualifications
--- Bachelor's degree in accounting or related field required
--- Master's degree in accounting or healthcare administration
preferred
--- Minimum of five years hospital financial Management experience
required
--- Prior hospital CFO experience preferred
--- Critical Access Hospital experience preferred
Work Experience, Skills, and Strengths
--- Strategic Leadership- The ability to set long-term strategies
for the organization and develop comprehensive actions to achieve
those chosen strategies.
--- Organization Engagement- The ability to communicate to groups
within the organization in an engaging and motivational manner with
the objective of moving the organization toward chosen strategies
and goals.
--- Reading Comprehension - Understanding written sentences and
paragraphs in work related documents.
--- Speaking - Talking to others to convey information
effectively.
--- Critical Thinking - Using logic and reasoning to identify the
strengths and weaknesses of alternative solutions, conclusions or
approaches to problems.
--- Active Listening - Giving full attention to what other people
are saying, taking time to understand the points being made, asking
questions as appropriate, and not interrupting at inappropriate
times.
--- Judgment and Decision Making- Considering the relative costs
and benefits of potential actions to choose the most appropriate
one.
--- Problem Sensitivity - The ability to tell when something is
wrong or is likely to go wrong. It does not involve solving the
problem, only recognizing there is a problem.
EOE
Additional Information
Position Type : Full Time
Contact Information
Salem Memorial District Hospital
35629 Highway 72
Salem, MO 65560
Phone: 573-729-6626
Keywords: Salem Memorial District Hospital, Salem , Chief Financial Officer - Accounting, Accounting, Auditing , Salem, Oregon
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