Employment Status:Full Time (72-80 Hours Per Pay Period)Job Category:Administrative & ProfessionalJOB SUMMARY:The Senior Vice President and Chief Financial Officer (CFO) provides leadership, direction, and administration of all financial systems of the hospital.
The CFO effectively communicates finance and accounting information to the Chief Executive Officer (CEO), Board of Directors, Executive Team, Medical Staff, and the organization’s department leaders.
The CFO promotes accomplishment of the hospital’s mission, vision, and goals by providing accounting and finance information to assist the CEO and Board to make sound decisions and plan for the future.
The CFO maintains the adequacy of the hospital’s financial systems through auditing and monitoring techniques; and develops and implements policies and systems needed to ensure appropriate financial management and accountability.EXPERIENCE/QUALIFICATIONS:Previous CFO or Controller experience with demonstrated, successful track record.Minimum of 10 years progressively expanding executive leadership responsibilities encompassing a broad range of Finance and/or Health Care Accounting roles.Experience in strategic financial planning, capital allocation, capital funding and tracking required.Experience in capitation highly desirable.Flexible, mature individual who is capable of decision making and problem solving; well informed in the principles of Administration and Personnel Management.EDUCATION:BS in Accounting, Business or related is required.
Masters degree in Health Care Administration, Accounting, Business Administration, Finance or related field is required.
CPA preferred.LICENSURES/CERTIFICATION:Must successfully complete and maintain LA City Fire Card certification at the time of hire or within the first 30 days of employmentDUTIES AND RESPONSIBILITIES ( These are the essential job functions for this position.
The essential functions of this job include, but may not be limited to those listed in this job description.
Employees hired for this position must be able to perform the essential function of this job without imposing significant risk of substantial harm to the health or safety of themselves or others) :Supervisory responsibility for general property accounting, internal control, budgeting, financial statement preparation and internal presentation, financial analyses, managed care and capitation.Direct departmental control of the following areas: general accounting, payroll, patient financial services end revenue cycle (including coding and CDI), patient access, health information management, materials management, and implementation or coordination of various system wide initiatives.Analyzes operations to evaluate performance of the Hospital and staff in meeting financial objectives.Responsible for the ongoing development and implementation of operating budgets and business cases with department managers, senior management, and external financial entities.
Collects, analyzes, maintains, and reports data.Provides and accountable for house-wide cost standards and productivity performance reporting including the development and analysis of cost accounting and labor standards.
Identifies and presents recommendations for strategic pricing adjustments to the Hospital’s rate structure.Assists with developing and analyzing capital plans and prepares cost impact studies providing decisional support to leadership on the capital allocation needs for clinical programs, special projects, and ongoing operations.Manages treasury and debt functions, including relationships with bankers and lenders.Serves as a financial resource to the Executive leadership team in strategic, operational, and program related decision making.Demonstrates competency in Medicare, Medicaid and other third-party payer including capitation billing and reimbursement structures.Identifies appropriate internal controls for organization and provides mechanisms to monitor and enforce compliance and coordinates the annual audit, cost report preparation, and tax return preparation with outside auditing firm as needed.Understands the accounting and financial reporting regulations related to government reporting.Directs, plans, and implements policies, objectives, and activities to ensure continuing operations, to maximize returns on investments, and to increase productivity.Provides periodic reporting of financial performance to the Board of Directors.SUPERVISORY RESPONSIBILITIES:Direct reports of the CFO are the Controller, Director of Revenue Cycle, Director of HIM, and Director of Materials Management.
The approximate number of staff for all combined departments that report to the CFO role is 185.COMMUNICATION AND TEAMWORK:Demonstrate ability to communicate effectively and work in a team setting.
Demonstrate ability to recognize customer needs and respond above customer expectations.COMPUTER AND OFFICE MACHINES:Must be computer literate in Outlook, Word and Excel.
Training on hospital systems will be provided.The following job accountabilities are not unique to this particular job but are common to all jobs at VPH:Complies with VPH policies and procedures on customer satisfaction and service excellence.
Demonstrates professionalism and cultural sensitivity in coordinating activities and communicating with all customers, peers, and the community at large.
Conducts self in a professional, respectful and courteous manner during all interactions.
Works effectively and collaboratively with others toward common goals.Communicates accurately, honestly, supportively and in a timely manner with department and interdepartmental team members.
Demonstrates effective business writing and oral communication skills, handwriting is clear and legible.Participates in operational aspects of the department, and maintains/participates in performance improvement activities within the department.Participates in all departmental specific training, Environment of Care (injury/illness prevention, fire/life safety, hazardous materials, emergency preparedness, utilities management, medical equipment management, safety and security management), infection control (standard precautions, TB Exposure Control Plan, Bloodborne Pathogen Exposure Control Plan).Demonstrates knowledge of and follows safety practices.
Understands the importance of safety, including patient safety in the work place.
Maintains a safe environment for self and others.Actively participates in the Patient Safety Program, including event reporting.
Identifies sentinel events/near misses and responds per defined organization processes.
Participates in education activities and process implementation.
Demonstrates advocacy for the patient/customer and appropriately acknowledges patients, customers and visitors.The above statements reflect the essential functions considered necessary to describe the principle content of the job.
They are not intended to be a complete statement of all work requirements or duties that may be inherent in the job.WORK ENVIRONMENT:Primarily an inside building/office environment, well lighted and ventilated, which may consist of multiple treatment and/or work sites.Fast and continuous work pace with variable workload.Frequent contact with staff and public under a variety of circumstances.
Requires ability to communicate clearly (in English) verbally and in writing for effective communication with other staff members, physicians, vendors, community members, patients and patient families, employees and applicants of all socio-economic levels from a diverse cultural and ethnic population.Subject to many interruptions from multiple calls and inquiries and potentially emotional situations involving accidents, injuries, illness and/or death.Handles emergency/crisis situations in accordance with Hospital policy.Answers phones or pages; may carry a beeper/pager, and/or use a two-way radio.Occasional travel may be required.Potential risk of exposure to hazards from chemicals (toxic and non-toxic), flammable materials, gas or electrical or radiant energy or equipment with/without moving parts.PHYSICAL DEMANDS:Key for Physical DemandsContinuous66 to 100% of the timeFrequent33 to 65% of the timeOccasional0 to 32% of the time Clerical/Administrative Non-Patient CareFrequent/continuous sitting with occasional, intermittent standing/walking.Continuous use of bilateral upper extremities in fine motor activities requiring fingering, grasping, and forward reaching between waist and chest level.Occasional/intermittent reaching at or above shoulder level.Occasional/intermittent bending, squatting, kneeling, pushing/pulling, twisting and climbing.Occasional/intermittent lifting and carrying objects/equipment weighing up to 25 pounds.Continuous use of near vision, hearing and verbal communication skills in handling telephone calls, interacting with customers and co-workers and performing job duties.