FINANCE DIRECTOR

For over 100 years, West Suburban Medical Center has supported generations of families in the Oak Park and surrounding areas. Our kind, caring hospital staff have a passion to heal and make a difference in our community. We understand that our employees are the heart of our facility. If you are looking for a family atmosphere, a company committed to professional growth and a culture that embraces our five core values of Quality. Innovation. Service. Integrity. Transparency.

JOB SUMMARY

Reporting to the CEO, oversees the financial functions of the Hospital including General Accounting, Budgeting and Special Projects, Third Party Reimbursement, Accounts Payable, and Payroll. Reviews the financial performance of all units, and provides guidance on accounting policies and procedures. Establishes and maintains relationships with regulatory agencies and financial institutions.

JOB QUALIFICATIONS

1. Bachelor’s Degree in Business/Finance or as evidenced by having attained CPA certification

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

3. 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.

4. 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.

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

JOB DUTIES

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

2. With CEO, it formulates short- and long-term financial goals for the Hospital based on Vanguard expectations.

3. 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 CEO.

4. 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 CEO. 

5. 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.

6. Responsible for ensuring the development of annual budgets in Vanguard software.

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

8. 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.

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

10. Ensures the successful completion of periodic physical inventories of supplies.

11. 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.

12. 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. *

13. 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.

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

15. 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.

West Suburban Medical Center provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.