Soft skills that make for a strong culture fit
· Seasoned with high EQ.
· Balances expectations between governance and management.
· Active part of the team contributing and leading.
· Set appropriate expectations (internal and external).
· Holds the team accountable.
· Makes changes in alignment with authority provided and assures accountability.
· Clear communicators are able to tell it like it is and communicate, communicate, communicate.
Criteria
· Prior interim system CFO experience ideal.
· Responsible for financial governance, planning, forecasting, and investment analysis.
· Responsible for Case Management, Capital Management, and Financial Risk Management.
· Provide the official financial reports and audits to the System CEO and the System Board of Trustees.
· Stabilizing force for the entire financial system, strengthening staff and systems, and controlling with accountability the overall functions.
· Work with the current incumbent in support of knowledge transfer and transition before year-end.
· Validate the existing office of corporate finance for the $2.8B organization.
· Finalize and validate the system’s monthly reports and financial statements.
· Bring discipline and approach across all 3 hospitals and ambulatory sites; and the Faculty Practice Group that includes 2200 Physicians (1,000 employed, 1,000 private).
· The enterprise is not on a common general ledger so be astute to address financial and performance metrics.
Responsible for direction and submission on a timely basis of all financial data associated reports required by government and other regulated agencies including payroll tax reports, public disclosure reports, and third-party payor cost reports.
· Assume all external facing functions of the health care system CFO.
o Financial markets
o Banking
o Rating and Reporting agencies
o Investments
o Auditors
o Tax Reports
· Manage board relations and participation in Finance, Investment, and Audit Committees.
· Partner with the General Counsel in place.
Our client is seeking an Interim System CFO who is accomplished and experienced in this area to perform the Services described below.
· This interim role is externally facing and does not require an Academic Medical Center background.
· Work with the COO (integrated team).
90-day priorities
· Quick assimilation to understand the system and what makes them unique.
· Enable a smooth transition with the departing CFO.
· Fiscal year is from October to September so budgeting will occur Feb/March within the 6-month duration.
· The COO’s desire is to get on a budget cycle while thinking of ways to instill accountability for FY 2025.
· Align to governance structures providing executive support to the System Board overseeing the enterprise.
· Take direction from the CEO and Board.
· Participate in the Finance, Investment, and Audit Committees.
Team (direct reports)
· Senior Director of Patient Financial Services
· VP of Budgeting and Decision Support
· Director of CDI and Utilization Management
· Director of Productivity and Analytics Support
· SVP Revenue Cycle
· VP Treasury Services
· SVP Payer Strategy
· Corporate Controller and VP Financial Reporting
· Senior Director of Health Information Management