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West Suburban Medical Center · 4 months ago

Financial Controller / Director

Oak Park, IL

Full-time

Onsite

Senior Level, Lead/Staff, Director/Executive

$140K/yr - $150K/yr

8+ years exp

West Suburban Medical Center has been serving families in the Oak Park area for over a century, emphasizing a caring and professional environment. The Financial Controller/Director will oversee the hospital's financial functions, including accounting, budgeting, and reimbursement, while providing guidance on financial policies and maintaining relationships with regulatory agencies.

Health CareHospital

Responsibilities

Demonstrates the Resilience Healthcare Customer Service Values, which are key in providing quality service to patients and customers

With CFO formulates short and long term financial goals for the Hospital based on Vanguard expectations

Analyzes and comments on operating units’ profitability and productivity, and identifies opportunities for improvement in quality and reduce the Hospital’s cost per unit of service delivered. Identifies and develops new ventures with probable profitability as directed by the CFO

Assists in the development and compilation of materials to be presented to the Hospital Board, monthly MOR Reviews and other needs as identified by the CFO

Ensures the maximization of reimbursement and peak performance from managed care contracts through the identification and implementation of opportunities to improve profitability of such arrangements

Responsible for ensuring the development of annual budgets in Vanguard software

Identifies and implements software solutions that enhance the retention and usefulness of financial information

Ensures that the organization fulfills the requirements of standards propagated by various administrative, governmental, insuring and financial organizations. Builds relationships with external auditors and ensures a smooth audit process. Reviews and responds to current regulatory developments. Supports the preparation for regulatory appeals

Participates in enterprise-wide initiatives that have financial implications such as developing an Information Technology Strategic Plan and reducing non-salary expenditures

Ensures the successful completion of periodic physical inventories of supplies

Monitors the efficient utilization of staff resources in completing departmental objectives, including preparation of financial statements; statistical reports; filings with regulatory agencies (Medicare, Medicaid); surveys (IHCCCC, IDPH, MCHC, etc.); variance reports; budgets; maintaining cost accounting data; processing vendor invoices for payment; maintaining the general ledger; reviewing the adequacy of the chargemaster; reviewing department compliance with financial controls; performing financial analysis; and development of policies and procedures within Vanguard guidelines

Directs the design and establishment of appropriate management control procedures for the finance area including records, maintenance, authorization procedures and recurring reports. Reviews records and reports and initiates corrective actions, requests special analyses and/or changes control procedures

Hires subordinate personnel and assists them as necessary in achieving their established goals. Evaluates, disciplines and discharges immediate subordinates; delegates such matters to supervisory and managerial personnel as appropriate

Responsible for developing the managerial skills of subordinate managerial and supervisory personnel. Provides staff with ongoing, comprehensive, performance feedback

Remains abreast of advances in the field of fiscal management and incorporates such development into the organization when practicable and cost effective. Develops management skills through independent readings and structured instruction. Participates in professional and civic organizations

Qualification

CPA certificationFinancial management experienceHealthcare industry experienceAdvanced analytical skillsManagerial skillsInterpersonal skillsProblem solving skills

Required

Bachelor's Degree in Business/Finance or as evidenced by having attained CPA certification

Eight to ten years of financial management experience including experience in the healthcare industry and at the senior management level

Advanced analytical/problem solving skills necessary to develop and administer complex fiscal services and activities, develop overall policies and procedures for the organization, and critically and constructively analyze hospital operations

Interpersonal skills necessary to interact with all levels of hospital and corporate personnel and other external parties, frequently in situations that are sensitive and/or significant to the Hospital

Managerial skills necessary to plan, organize, direct and control a critically important division and effectively delegate responsibilities to qualified subordinates