Kettering Health HamiltonHamiltonFull Time Days

Responsibilities & Requirements

The Director of Finance has accountability and responsibility for the overall financial management of the hospital. The Director fosters the integration of the organization’s mission and core values and provides financial leadership to accomplish the strategic goals and objectives of the organization. As a member of a multidisciplinary team, the Director collaborates and communicates effectively with System, service line and hospital physicians, executives, leaders and other team members in leading and managing the hospital’s labor productivity, month end close process, financial reporting, budgeting, capital management, compliance and margin growth initiatives.
The position report to the Hospital VP of Finance/CFO.

Job Requirements:

Bachelor’s Degree in Accounting, Finance or related Business field required.
Master’s Degree required. (MBA/MHA/Masters in Management & Leadership)
Master’s Degree requirement may be waived for candidates that can demonstrate relevant work experience that provides comparable skills and knowledge.
CPA preferred.
A minimum of five (5) years of progressive experience with demonstrated leadership and management skills is required.
A minimum of three (3) years of experience in a healthcare setting and finance role is required.
Prior Director level experience is preferred.
Excellent oral and written communication skills including the ability to clearly and effectively explain complex finance concepts to executives, physicians, leaders and team members
Effective interpersonal and relationship building skills with physicians, executives, leaders and team members
Advanced analytical skills using software such as Microsoft Excel, PowerBI and other analytical tools
Advanced knowledge of healthcare finance concepts including revenue cycle/reimbursement, productivity management, physician contracting and compliance, government regulations, and budgeting.
Strong working knowledge of Generally Accepted Accounting Principles
Excellent critical thinking, analytics and problem-solving skills in complex situations
Effective organizational, time management and prioritization skills with ability to manage multiple projects at once
Adaptability and flexibility in a fast-paced, changing environment
Ability to effectively lead, mentor, motive and grow Financial Analysts and/or Finance Managers

Job Responsibilities:

Financial Close, Reporting & Analysiso Responsible for producing accurate, timely and consistent financial statements in collaboration with the Network Finance team
Responsible for ensuring all financial entries are compliant with network policies and Generally Accepted Accounting Principles
Engage with Network Finance, KHMG Finance & Decision Support team members to fully understand and be able to explain all revenue and expense dollars
Collaborate with operational leaders to understand and explain volume, revenue and expense variances
Oversee and ensure the accuracy and necessity of all accruals
Prepare timely and accurate close reports, financial statements and explanations as requested by Network and Hospital CFO
Conduct additional financial analysis as necessary and requested by Hospital CFO
Prepare presentations & summaries and present results during month end close, leadership meetings or other settings as requested by Hospital CFOProductivity and Labor Management
Responsible for creating a culture of accountability in meeting productivity and labor expense targets
Coordinate and supervise timely hospital productivity reporting and tracking, utilizing daily and bi-weekly productivity reports produced by Decision Support
Develop additional productivity monitoring and reporting tools as necessary to effectively manage hospital productivity
Analyze productivity and engage hospital leaders to develop action plans to improve productivity when productivity is not met
Ensure the accuracy of staffing grids, position control, and productivity targets by engaging with clinical & executive leaders
Facilitate a Productivity Escalation Process
Lead in the structured and timely review and approval process of new requisitions, engaging the hospital executive team as directed by the hospital CFOBudget
Oversee the development of an accurate and timely budget, including volumes, revenue, productivity targets, labor and other expenses
Collaborate with Decision Support, Service Line and Hospital leaders on the development of all volume assumptions, including inputs from proformas
Collaborate and meet with hospital leaders on all labor targets, and all department level expenses
Review all budget inputs prior to the finalization of budget for accuracy
Facilitate and oversee the review and approval of the budget by the appropriate executive level leaders at a cost center and rollup level Capital
Chair the hospital Capital Due Diligence Committee under the guidance of the hospital CFO
Facilitate the capital request submission process, ensuring requests are comprehensive and accurate
Facilitate the capital approval process ensuring timely processing of approved projectso Track & monitor approved capital projects to ensure projects stay on budget
Monitor and reconcile total capital spend to the annual capital budget Other
Responsible for the management and leadership of Finance Managers and/or Financial Analysts, including teaching, mentoring, delegating/ assigning duties, managing workload and performance reviews
Prepare presentations for various audiences as requested by Hospital CFO
Actively engage with hospital Managers and Directors in teaching finance concepts and building their financial acumen to support overall stewardship
Collaborate with operational leaders to review and measure the financial and operational impact of growth and cost containment projects prior to and after deployment
Collaborate with Decision Support in various financial analyses, including building proformas, determining project ROIs and service profitability
Actively seek out margin improvement opportunities while maintaining or improving quality
Oversee payment compliance review for physician contracts
Collaborate with all Network teams as appropriate and necessary
Attend and actively participate in leadership meetings
Assist in the compilation of information for annual surveys and cost report filings as necessary
Responsible for the timely and accurate completion of all projects/requestso Other duties as assigned

Overview

Kettering Health is a not-for-profit system of 13 medical centers and more than 120 outpatient facilities serving southwest Ohio. We are committed to transforming the health care experience with high-quality care for every stage of life. Our service-oriented mission is in action every day, whether it’s by providing care in our facilities, training the next generation of health care professionals, or serving others through international outreach.

We can recommend jobs specifically for you!Click here to get started.

New Referral

DIRECTOR - FINANCE

Responsibilities & Requirements