Job Overview
The Regional CFO provides oversight to Grand Itasca Clinic & Hospital and Fairview Range's financial operations providing leadership, direction and support for the effective operation of the financial and accounting systems including treasury, accounting, budgeting, tax, and audit activities. The executive leader ensures timely financial and statistical reporting for management and/or the Board of Directors. Serving as a strategic partner, they provide technical expertise, analytical ability, and a strong operational focus to the broader Grand Itasca and Fairview Range team.
Fairview Range is an affiliate of M Health Fairview, a partnership of Fairview Health Services, the University of Minnesota, and M Physicians. Together, we offer access to breakthrough medical research and specialty expertise as part of a continuum of care that reaches all ages and health needs.
Grand Itasca brings the benefits of a large and respected health system to our local community. We are a non-profit, state-of-the-art, integrated clinic and hospital that is proud to offer a range of high-quality providers, specialties and services to our community. Enjoy our patient-centered, comprehensive approach, close to home without venturing from the beauty of northern Minnesota.
Responsibilities
- Responsible for timely and accurate analysis to support business performance management and decision-making of Fairview Range and Grand Itasca's operations. Assists management teams in making crucial operational and financial decisions.
- Oversees preparation for ad hoc financial statistical reports necessary to reflect
- Overall financial performance and analysis of operating results.
- Recommends and establishes benchmarks for measuring operating performance and productivity.
- Monitors operating results against budget and works with GICH and Range leadership team to achieve financial objectives.
- Manage the timely and accurate preparation of all financial reports and forecast.
- Prepare financial analysis for projects and contract negotiations as necessary.
- Provides support to managers and physicians, answering questions they may have regarding financial performance reports. Educates management on how to read budget, payroll and other pertinent financial and operational reports.
- Responsible for Fairview Range and Grand Itasca's planning functions including development of long- and short-term financial plans. These plans incorporate service demand analysis, resource availability analysis, cost benefit analysis of proposed capital acquisitions, physician development plans and staff expansions.
- In conjunction with the system-wide planning processes, directs planning process including development and implementation of short and long-range financial plan, annual operating and capital budget and quarterly forecasts.
- Ensure that significant variances from planned performance are identified and communicated in a timely manner.
- Participate in special studies related to new facilities, new products and acquisitions, new service lines, new procedures, etc.
- Effectively engage with system-wide functional experts and process owners.
- Assess implications of key systems and process functioning as well as potential changes on entity financial future relative to planning, control, accounting and measurement, analysis and decision support, pricing, capital management and supply chain support processes.
- Interface with revenue cycle functions to ensure that revenue collection is optimized, trends impacting operations are understood and communicated, and operations understands their role in impacting net revenue for GICH and Range.
- Interface with purchasing and materials management functions to ensure that the procurement of goods and services are in accordance with policies and procedures.
- Responsible for accurate accounting and measurement of all Fairview Range and Grand Itasca financial data. Monitors adherence to financial policies and procedures and related internal control structure to safeguard assets of the organization.
- Coordinate financial audits and provide recommendations for procedural improvements. Ensure compliance with local, state, and federal reporting requirements.
- Ensures there is an adequate system of internal controls that are implemented and consistently followed.
- Establishes forums and leads processes to ensure that all personnel are familiar with and adhere to applicable financial and business practices policies and procedures.
- Directs entity involvement in the monthly financial close process, analyzing account balances and collecting relevant statistical information.
Required Qualifications
- B.S./B.A. in finance, accounting, business administration or related area
- 5 years recent and progressive finance leadership experience
- Proven, collaborative leadership with effective communication skills
- Ability to work in a participatory manner to develop positive partnering relationships
Preferred Qualifications
- Master's degree
- 8 years recent experience in a mid to senior level finance position within healthcare
- System Financial experience within hospital, clinic, graduate medical education, DME, home care and hospice
Benefit Overview
Fairview Range offers a generous benefits package, including but not limited to medical, dental,vision, PTO, tuition reimbursement, retirement and more! Please follow this link for additional information: https://www.fairview.org/benefits/rangenoncontract
Compensation Disclaimer
The posted pay range is for a 40-hour workweek (1.0 FTE). The actual rate of pay offered within this range may depend on several factors, such as FTE, skills, knowledge, relevant education, experience, and market conditions. Additionally, our organization values pay equity and considers the internal equity of our team when making any offer. Hiring at the maximum of the range is not typical. If your role is eligible for a sign-on bonus, the bonus program that is approved and in place at the time of offer, is what will be honored.
EEO Statement
EEO/Vet/Disabled: All qualified applicants will receive consideration without regard to any lawfully protected status