Director of Finance, Accounting, 40-Hours, Days, Hybrid

• Controls and maintains stewardship of assets
• Ensures that transactions are recorded and accounted for in accordance with generally accepted accounting principles.
• Monitors compliance with and recommends change to internal controls.
• Records adequate liability estimates in appropriate periods.
• Identifies and acts to secure necessary resources for Finance Department’s future needs
• Provides timely and accurate internal reporting of financial status.
• Accurately reports financial and statistical information on a timely basis in required formats to external customers
• Identifies opportunities for operational changes that enhance profitability.
• Adapts reporting as needed to accommodate operational changes.
• Assists CFO with payor contracting and evaluation.
• Assists CFO and VP of HR with insurance renewals
• Assists CFO with Finance Committee and Board of Directors presentations as needed.
• Adhere to a “customer satisfaction” philosophy and consistently follows the same:
  • Provide reliable, responsible, consistent, accurate quality service in a timely manner
  • Demonstrate teamwork and cooperation in all organizational relationships
  • Responsive to customer needs, make others feel understood and comfortable. 
• Develop and maintain cooperative and effective working relationships with other departments and external parties.
• Identifies and makes recommendations to VP Finance and CFO on revenue maximization strategies.
• Working with the CFO, develop short and long-term financial planning models to ensure financial sustainability of the Health system.
• Provide budget training /or assistance for senior and middle management
• Partner with program leadership on operating and capital budgeting to ensure ongoing sustainability of their programs, Make a comparative analysis of budget to expenditures, and research and report variances
• Performs net revenue forecasting and budget projections
• Research all budget and reimbursement issues regarding new programs considered and make appropriate recommendations
• Responds to external financial reporting requirements
• Working with VP of Finance and CFO develops and maintains a contribution margin analysis by program
• Develop financial productivity and cost benchmarking reports to compare against ourselves and peer organizations
• Keeps up to date on current laws and regulations pertaining to reimbursement issues and is aware of their effect on overall revenues
• Responsible for oversight all third-party filings (including, but not limited to the Medicare 2552, DHCFP-403, and UCC reports).  Ensures the accuracy of all filings, that appropriate documentation is available and complies with all government regulations pertaining to the content and accuracy of the reports filed
• Files, updates, and maintains CMS 855 A and B enrollment applications
• Supervise staff and monitor changes to the Charge Description Master ("CDM") on a timely basis
• Reviews major changes to the charge master with the Senior Financial Analyst to ensure optimum reimbursement
• Prepares monthly contractual adjustments and reserves
• Communicates with third party auditors and gathers all information necessary for them to perform annual audit of our reports.  Notifies the V.P. of Finance of any significant issues
• Coordinates the third-party portion of the annual financial audit and ensures that all schedules and contractual calculations are completed within the set audit time frame
• Performs third party analytical work in support of financial decision making
• Maintains organizational statistical reporting system to ensure appropriate allocation methodologies
• Interacts with outside consultants to maintain appropriate reimbursement for the Hospital
• Communicates with various other internal/external customers as necessary, regarding reimbursement issues
• Maintains a database of payors contract terms and payment schedules so as to provide accurate assessments of net revenue estimates at the procedural level, as needed
• Monitors payors for reimbursement performance and contract payment compliance, and reports on their performance, identifying contract variances

 Statement of Other Duties: 

• Bachelor’s Degree in Accounting, Business Administration, or Economics is required.  
• Master’s Degree and/or CPA is preferred.  Relevant work experience may take place of Master’s Degree &/or CPA.
• Requires 3-5 years of Healthcare experience as a Director of Finance or higher.

• A dynamic thinker that is comfortable in challenging conventional wisdom, is highly motivated, and whose customer service skills would be considered to be excellent. 

• Demonstrated knowledge of general accounting principles, along with proficiency in revenue recognition practices for both Hospitals and Medical Group organizations

• Able to deal with conflict without being adversarial.  

• Comfortable establishing professional relationships with program leadership, physicians, and the Finance Committee of the Board of Directors.