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Job Information
Firelands Regional Medical Center Senior Director, Finance: MFT in Sandusky, Ohio
Description
Position Highlights:
Lifestyle: Sandusky was voted “Best Coastal Small Town in America”. You will have the opportunity to enjoy living and working in this growing area along the beautiful shores of Lake Erie.
Work/life: You will find support to help you manage your personal life while building a career.
Employee-centric: Tuition reimbursement, loan forgiveness, comprehensive major medical, dental and vision insurance, paid time off, 401(k), health and wellness offerings, monthly employee events, and more.
About Firelands Health:
Our goal at Firelands Health is to be the best & preferred independent healthcare employer for the Sandusky Bay region.
Firelands Health is the area’s largest and most comprehensive resource for quality medical care. We are “big enough to care for you, and small enough to care about you”. We are locally managed and governed as a not-for-profit healthcare facility, serving the counties of Erie, Ottawa, Sandusky, and Huron, covering a regional service area with over 300,000 residents. Our mission is to provide excellent healthcare, promote community wellness, and improve the lives we serve.
Our Core ACE Values: Attitude: We choose to be positive and inclusive every day. Commitment: We are committed to exceed the expectations of those we serve. Enthusiasm: We will work passionately to make a difference.
What you will do:
Formulate the overall financial policies and objectives for the System in consultation with the CFO and in accordance with applicable regulatory requirements, generally accepted accounting principles and sound financial management practices.
Through subordinate professional managers:
Direct the recording and controlling of the System’s accounting transactions, including the audit of such functions. Ensure that all accounting systems safeguard the assets of the System, provide viable management information, and are in accordance with generally accepted accounting and audit principles.
Direct the Financial Planning efforts of the System including forecasts, Decision Support, pro-formas, and long-term financial plans. Direct the preparation of System-wide budget plans and ensure that an acceptable annual budget is developed and approved.
Direct the Net Revenue function including valuation of Accounts Receivable and Third-Party Reimbursement. Direct the maintenance of data and reporting of costs to third party payors for an effective reimbursement of incurred costs in providing patient care services.
Review the reports and analyses prepared and presented by management personnel from regulatory agencies, independent auditors and others. Provide information and participate in the negotiation of report summaries where applicable.
Select, train, direct, evaluate and, when necessary, discipline or recommend the discharge of subordinate professional managers. Review their employee relations decisions and advise them as necessary.
Serve as a resource person or consultant to other senior management personnel on specific finance related problems.
Chair Capital Allocation Committee. Review and make recommendations regarding key Hospital policies/developments/activities.
Reviews contracts as requested for appropriate business terms, conditions and financial arrangements.
Ensure Hospital compliance with all regulations governing financial activities by continually monitoring the operations of the Hospital and regulatory bodies and recommending changes when required.
Analyze the results attained by the Finance area relative to established objectives and ensure appropriate steps are taken to correct unsatisfactory conditions.
Maintain liaison with a wide variety of internal and external sources in order to gather and exchange information and to make recommendations regarding financial activities.
Provide for maintenance of necessary records as to the quantity, quality and timeliness of work performed in assigned departments or committees. Periodically review and evaluate their contributions and performance and keep the CFO informed of their progress and problems, and any factors affecting assigned responsibilities. Compile reports and special studies as arranged or specially requested.
Analyzes, interprets and communicates financial reports and data to hospital leadership.
Monitors key metrics including trends, spending patterns and resource utilization in an effort to identify improvement opportunities.
Oversees all accounting and treasury functions for the System and all related and affiliated entities. Evaluates policies, procedures, reports and performance. Monitors systems, processes and procedures to support accurate accounting and reporting of operations in accordance with GAAP, including controls to preserve and protect assets. Assures the preparation and release of monthly, quarterly and annual financial statements, cost reports, tax returns and other mandatory filings, as applicable.
Monitors all treasury functions including investments, debt structure, and interest rate risk management.
Maintains relationships with external partners including auditors, advisors, underwriters and bankers.
Identifies, recommends and implements approved strategies for revenue enhancement and cost reduction.
Analyzes, interprets and communicates financial reports and data to hospital leadership
Work with or oversee departmental planning on budgets providing guidance as necessary and instruction in order to reach appropriate objectives.
Conduct special studies, research and investigations, regarding changes in fiscal and business office procedures in tune with changing governmental and agency regulations and changes in accounting and business procedures. May delegate to subordinates similar research and work with them in the updating of policies, procedures and accounting methodology.
What you will need:
Bachelor’s level of knowledge in accounting, finance, business administration, or related area. CPA and/or Master degree preferred.
Five (5) to ten (10) years of progressively more responsible experience in the various aspects of financial management including the development of functions, such as budgeting, financial planning, financial reporting and decision support.
A high degree of professional accounting and finance knowledge in order to provide the technical direction and resource background to ensure the development and maintenance of sound and effective accounting and finance systems within the System.
A high level of analytical ability is required in order to plan, direct and control the financial activities of the System.
The interpersonal skills to interact effectively in delicate, sensitive and/or complex situations and to make effective presentations before groups, including regulatory bodies.
Must possess a valid State of Ohio motor vehicle operator's license and insurable under Firelands auto policy. Employee must provide proof of personal automobile liability insurance coverage upon request.
Punctual attendance at assigned work location is required.
Ability to communicate effectively with management, co workers and staff, and understand written and oral communication.
Ability to work in a safe and efficient manner and maintain an accident free work place, including ability to demonstrate a working knowledge of Medical Center emergency codes.
Ability to comply with OSHA regulations and CDC standard and transmission-based precaution recommendations and to utilize proper personal protective equipment. Ability to comply with provisions of applicable S.D.S. forms.
Successful completion of a one hundred-eighty (180) day probationary period.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)