Chief Financial Officer

Company: Effingham Hospital, Inc.
Location: Savannah
Posted on: May 25, 2023

Job Description:

Description:


Are you interested in building a career with other TOP PERFORMERS? Committed to providing exceptional care and services in an environment that supports professional growth, diversity, and inclusion.


Every team member's experience and work-life balance are a priority in our organization. EHS culture encourages and supports individuals in pursuing their career goals and well-being by providing work-life balance, flexible scheduling, career development, and all the benefits and perks you need for you and your family.


Benefits:


Retirement plans 403 (b) and 457

Health insurance

Dental Insurance

Vision insurance

Prescription Drug Plan

Hospital Discount

Flexible spending account

Paid time off

Extended Days off (Sick time)

Employee assistance program

Strive365 Wellness Program

Basic Life insurance (Employer Paid)

Voluntary Life insurance/Accident/Critical Illness

Disability (LTD and STD)

Tuition reimbursement

Legal and ID Shield

Discounted Gym membership

Cafeteria Payroll Deduction

Employee Perks Program

Student Loan Relief and Assistance

Employee Rewards and Recognition Program

Bereavement Leave


JOB SUMMARY


Under the general direction of the Chief Executive Officer, the Chief Financial Officer directs the organization's financial planning and accounting practices as well as its relationship with lending institutions, shareholders, and the financial community while keeping the hospital CEO and Board of Trustees duly informed of the financial condition of the facility. Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate, and insurance activities for the organization. Directs the Finance Accounting Team in providing and directing procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services. Appraises the organization's financial position and issues systematic financial and operating reports. Analyzes, consolidates and directs all cost accounting procedures together with other statistical and routine reports. Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations in accordance with JCAHO, federal, state, and local guidelines, organizational and departmental policies, and procedures.


STANDARDS OF PERFORMANCE


Oversee long-term budgetary planning and cost management in alignment with strategic plan.

Prepare and maintain regular financial planning reports; Monthly profit and loss forecast (vs. budget); cash flow forecast.

Oversee cash, investment, and asset management.

Oversee the Business Office to ensure proper maintenance of all accounting systems and function; supervise materials management staff.

Ensure legal and regulatory compliance regarding all financial functions.

Complete the month-end, quarter-end, and year-end financial statements.

Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and overhead cost allocations.

Serve as a key point of contact for external auditors; manage preparation and support of all external audits.

Manage the hospital's insurance program (i.e., malpractice, liability, etc.).

Manage the hospital's finances on real estate affairs consisting of leases and sub-leases.

Maintains a thorough working knowledge of federal, state and managed care reimbursement payment methodologies, including contractual accounting, payment calculations, billing requirements and compliance issues.

Keeps up to date with all federal statutes surrounding participation in the Medicare and Medicaid programs, including, but not limited to: EMTALA, Medicare fraud and abuse issues, Stark legislation, and IRS guidelines pertaining to the operation of not-for-profit entities.

Monitors capital asset expenditures and depreciation; prepares annual operating budgets with input and involvement at the department level, as well as capital budgets and cash flow projections.

Responsible for developing a three-year capital budget to identify and plan for organizational capital needs.

Ensures the accurate and timely filing of federal, state, third party and other financial reports as required, including the Medicare and Medicaid Cost Reports.

Responsible for developing a formal budget and supervising the budget process. Develops, coordinates, and analyzes the hospital's policies on finance, accounting, insurance, patient billing and internal controls.

Evaluates and recommends to the CEO an appropriate rate/charge structure and any changes as necessary.

Review and analyze cost performance including staff productivity, supply utilization, administrative costs, variances to budget. Monitors and measures performance against internal and external benchmarks.

Performs other duties as requested, required, or needed.

Requirements:


Minimum Level of Education: Education level equivalent to completion of a bachelor's degree in Finance, Accounting, or related field. Master's in accounting or healthcare administration and Certified Public Accountant strongly preferred.


Formal Training: Must have thorough knowledge of GAAP, finance, reimbursement, budgeting, credit, collection, and awareness of continuing changes that affect financial reporting. Excellent presentation skills and working with senior management and committees. Ability to use tact and diplomacy to maintain effective working relationships within the organization.


Licensure, Certification, Registration: Certified Public Accountant preferred.


Work Experience: Five (5) Years minimum experience as a Chief Financial Officer in a healthcare setting, preferably critical access, or hospital health system. At least three (3) years of leadership or oversight experience specific to the Business Office functions to ensure cash collection goals are met, net revenue is properly stated, and strategic planning. Must have a proven track record of Leading and Driving Change.


Computer Skills: Advanced skills in Excel, Word, PowerPoint and EMR database.

Keywords: Effingham Hospital, Inc., Savannah , Chief Financial Officer, Accounting, Auditing , Savannah, Georgia