🚀 Group Assistant Chief Financial Officer- Palm Beach Group

Group Assistant Chief Financial Officer - Palm Beach Group

Delray Medical Center, Delray Beach, Florida. Tenet Healthcare system.

Position Overview

The Group Assistant Chief Financial Officer collaborates with the Group Chief Financial Officer and assumes responsibility for the ongoing effective operation of the department by exerting a leadership role that supports the hospitals, mission, vision, goals and objectives while focusing on the patient, physicians, employees, volunteers and the community as customers. The Group Assistant Chief Financial Officer has ongoing accountability for the continuous assessment, improvement, coordination and integration into the hospitals’ and group’s financial functions. He/she is accountable for departments’ direction and coordination.

Functional Expectations & Requirements

The Group Assistant CFO has responsibility for supporting the Group Chief Financial Officer in all efforts to ensure the financial viability of the hospital network by establishing and monitoring financial plans and budgets, and managing the financial affairs of the hospital network according to business unit goals, sound business practices, corporate and hospital policies, and according to various government regulatory requirements. As such, the Group Assistant CFO’s responsibilities are to:

• Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives; advise department heads and administration of needed changes and improvements in a timely manner.
• Establish and maintain sound financial controls and record keeping.
• Keep abreast of government regulatory requirements and the rapidly changing reimbursement environment to develop and implement changes to policies and procedures as needed.
• Ensure that the financial operations of the hospital network are carried out in an ethical, responsible manner.
• Establish and monitor the annual operating budget according to sound budgeting principles and corporate guidelines. Interface with Human Resources and other appropriate departments in the preparation of work force plans and salary and benefit proposals.
• Evaluate the hospital network’s overall financial position and prepare periodic financial and operating reports. Provide consistent and accurate financial, accounting and reporting processes throughout the network.
• Prepare financial forecasts and monitor performance versus budget; consolidate results, prepare rolling 90-day forecasts, and develop and implement cash management controls.
• Coordinate with other senior members of the leadership team in the development of major strategic and financial plans, including capital expenditure programs.
• Review, evaluate and ensure the effectiveness of all financial and accounting systems in the hospital network. Direct the development and implementation of new systems, policies and procedures as required.
• Assist in the development of new business by analyzing the feasibility of new programs, including managed care contracts, and advise management of the financial prospects.
• Attend promptly to the administrative details of the position including the signing of documents, preparation of reports, completion of performance appraisals and other employee-related actions.
• Assist organization with identification and execution of cost savings initiatives.
• Serve as a Regional Resource providing assistance to Hospital Finance Teams as needed.
• Rotate through departments across the health system to identify best practices for deployment across the market.
• Aspire for career progression and maintain a disposition for learning and development.

Qualifications

Candidate Experience, Attributes And Education Requirements

• At least five years of progressive financial healthcare or equivalent experience in the areas of general accounting; operations; financial systems; financial statement preparation; review and analysis; multi-discipline management experience; and ethics.
• Good organization skills with the ability to prioritize workload and successfully manage all financial activities. Resilience to working successfully under pressure.
• Ability to convert complex finance, operational, and compliance issues into terms and concepts that are easily disseminated throughout all levels of the organization.
• A referenceable track record in facility finance, defining the issues and making the decisions to generate improved financial performance.
• Participation, as well as supervisory experience, in negotiating managed care contracts.
• Substantial financial management experience including financial operations, strategic and financial planning, contracts, reimbursement, budgeting and capital financing in a complex environment.
• A thorough understanding of healthcare trends with the ability to anticipate opportunities.

Professional Attributes

• A cooperative approach to problem-solving with the capability of building consensus and support, working across functional lines to engage disparate resources to work together to achieve desired results.
• A broad financial thinker and team player who works well with ambiguity and is able to transfer the vision/mission of the organization into a focused financial strategy and detailed practical plan for the future.
• An intuitive thinker who generates ideas and recommends new and/or modified approaches.

Personal Attributes

• An individual of highest personal and professional integrity, principle and knowledge, earning respect and support when making difficult decisions and choices. Able to establish immediate credibility with peers, senior leadership, and medical staff.
• Must listen actively and accurately, encourage input from others. Provide clear directions. Maintain an ongoing dialogue with employees to ensure continual progress.
• Someone with the ability to work collaboratively with individuals critical to the successful execution of financial tasks.
• Excellent oral and written presentation skills.

Education/Certifications

• A bachelor’s degree in finance or accounting is required.
• An MBA, MHA and/or CPA designation is preferred.

Compensation

• A competitive compensation program will be tailored to the selected candidate. Base salary will be supplemented by a performance bonus and comprehensive, well-rounded benefits program, which includes relocation assistance.

Travel

• Travel between hospitals in the market is required. Travel outside of the market will be minimal.

Tenet Healthcare complies with federal, state, and/or local laws regarding mandatory vaccination of its workforce. If you are offered this position and must be vaccinated under any applicable law, you will be required to show proof of full vaccination or obtain an approval of a religious or medical exemption prior to your start date. If you receive an exemption from the vaccination requirement, you will be required to submit to regular testing in accordance with the law.

Core Organization & Leadership Competencies

The leadership expectations include Use Astute Judgment, Shape Strategy, Apply Financial Insights, Drive Organizational Success, Develop Organizational Talent. See original for full details.

Seniorities & Employment

• Seniority level: Executive
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: Hospitals and Health Care and Medical Practices

Location: West Palm Beach, FL

Salary range: $200,000 - $300,000 per year

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