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Chief Financial Officer - Accounting

Company: Salem Memorial District Hospital
Location: Salem
Posted on: January 22, 2023

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.
--- 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.
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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