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Detroit Medical Center · 12 hours ago

Chief Financial Officer - DMC Huron Valley-Sinai

Commerce, MI

Full-time

Onsite

Director/Executive

10+ years exp

Detroit Medical Center is seeking a Chief Financial Officer for their Huron Valley-Sinai Hospital. The CFO will be responsible for overseeing financial performance, managing financial risks, and ensuring compliance with accounting policies while collaborating with various departments to improve financial operations and strategic planning.

Health CareHospitalMedical

Responsibilities

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; approve financial expenditures up to the level established by the CEO

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 facility are carried out in an ethical, responsible manner

Establish and monitor the annual operating budget according to sound budgeting principles and home office guidelines. Interface with Human Resources and other appropriate departments in the preparation of work force plans and salary and benefit proposals

Evaluate the facility’s overall financial position and prepare periodic financial and operating reports. Provide consistent and accurate financial, accounting and reporting processes throughout the facility

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 facility. Direct the development and implementation of new systems, policies and procedures as required

Assist in the development of new businesses by analyzing the feasibility of new programs, including managed care contracts, and advise management of 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

Qualification

Financial managementHealthcare finance experienceStrategic planningBudgetingCapital financingNegotiating managed care contractsFinancial statement preparationCompliance knowledgeAnalytical skillsCommunication skillsLeadership skillsOrganizational skillsTeam collaborationProblem-solving skillsIntegrity

Required

At least ten 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 organizational 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 includes 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

Successful experience as a Chief Financial Officer in a highly competitive market

A bachelor's degree in finance or accounting is required