Under the direction of the Regional Chief Financial Officer, the Chief Financial Officer – Our Lady of Lourdes is responsible for the establishment and maintenance of the assigned organization's financial principles, practices, and procedures; for the maintenance of its fiscal records; and the preparation of its financial reports. Stays abreast of regulatory changes and adjusts policies and procedures to maintain compliance. Oversees assigned System-level finance function(s).
Job Duties & Responsibilities
Participates in the development, implementation and management of organizational strategic plans, goals and objectives
Analyzes market trends, assesses competition, and evaluates national and community standards of care to determine viability of strategic plans
Translates strategy into actionable plans.
Serves as a champion for finance. Benchmarks best practices and holds direct reports accountable for the same behavior
Understands consumer demands and develops systems and processes which deliver premier service and achieve best in class target
Understands the interdependence and synergy of different systems and processes and includes direct reports in understanding and developing.
Directs the development of operating and capital budgets and ensures alignment with organizational goals and objectives
Analyzes budget variances and identifies appropriate action steps needed for meeting budget targets
Ensures that the budget process is timely, comprehensive and interactive with organization leaders
Ensures that the Market Assessment, Legislative Assessment and Strategic Assessment are completed before budget assumptions.
Oversees and monitors the organization's compliance with regulatory requirements
Works closely with the organization's Corporate Compliance Officer to insure that programs are established to achieve compliance with regulatory requirements.
Analyzes cash flow, cost control and expenses
Analyzes financial data to pinpoint areas of potential vulnerability and provide recommendations and solutions.
10 years hospital financial management
Bachelor's degree in finance, accounting, or related field