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Waverly Health Center Chief Financial Officer in Waverly, Iowa

As a member of the organization's senior leadership team, this position works to provide strategic financial guidance and management. This position oversees the department leadership for supply chain, accounting, business office and health information management.

PRIMARY FUNCTIONS

Directs the organization's financial planning and accounting practices, as well as its relationship with lending institutions, shareholders, and the financial community. Oversees and directs treasury, budgeting, audit, tax, accounting, and real estate activities for the organization. Appraises the organization's financial position and issues periodic financial and operating reports. Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports. Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Executive Responsibilities

  • Participates in regular meetings of the Board of Trustees, providing monthly financial reports, such as unaudited Balance Sheet, Report of Operation, Investment Reports, and other reports regarding capital purchases, third party payer information and trends, and projected revenues and expenses.

  • Analyzes records of present and past operations, trends and costs, estimated and realized revenues, administrative commitments, and obligations incurred to project future revenues and expenses to prepare annual budgets.

  • Budget

  • Maintains budgeting system which provides control of expenditures made to carry out activities within depart­ments.

  • Consults with department managers in budget preparation and monitors budget performance on a monthly basis.

  • Makes recommendations on rates for services.

  • Capital

  • Develops capital budget.

  • Develops or makes recommendations regarding software and hardware and use of computer system.

  • Assists in capital acquisition projects by recommending financing alternatives.

  • Explores sources of capital used to finance projects.

  • Cash Management

  • Coordinates and controls the organization’s cash and investment management activities.

  • Coordinates and controls the organization’s short-term cash activities in accordance with established financial policies and objectives.

  • Directs the organization’s banks in executing cash management decisions and works with the appropriate investment manager on coordinating fund transfers and monitoring investment performance.

  • Compliance

  • Serves as Corporate Compliance Officer.

  • Recommends appropriate actions and strategies to respond to projected economic trends and/or regulatory changes.

  • Financial Management

  • Ensures that accurate information is provided on a timely basis and assists in facilitating the efficient conduct of external audits, examinations, and related financial projects.

  • Compiles and analyzes financial information according to generally accepted accounting principles to prepare entries to general ledger accounts, documenting business transactions.

  • Establishes, modifies, documents, and coordinates implementation of accounting and accounting control procedures.

  • Supervision

  • Directs and coordinates activities of staff performing accounting, business office, clinic business office, materials management and health information management.

  • Identifies all significant difficulties within department operations and rectifies problems using appropriate chan­nels.

  • Contracts

  • Handles negotiations with third party payers or PPO's and HMO's.

  • Identifies and negotiates contracts as needed to achieve compliance and cost savings.

  • Professional Growth

  • Maintains professional growth and development by attending seminars and workshops pertaining to health-care industry financial issues.

  • Subscribes to publications that pertain to changes in government and private insurance payment programs.

    MANAGEMENT RESPONSIBILITIES

  • Cost Awareness: Develops, understands, and manages departmental budget. Ensures that budgetary concerns are communicated to Director as needed.

  • Employee Performance: Identifies performance expectations and ensures that employees understand those expectations and are held accountable in meeting the expectations. Assesses employee performance in a timely manner and works with employees to resolve performance issues. Takes timely and appropriate disciplinary actions. Acknowledges employee accomplishments.

  • Organizational Policies: Communicates and enforces Waverly Health Center policies. Develops policies and procedures essential to the operation of the department in compliance with regulatory requirements.

  • Staffing: Creates and maintains departmental job descriptions. Builds a team with diverse skills and strengths by selecting the best candidate for each position. Develops effective staffing patterns to meet departmental needs.

    MINIMUM QUALIFICATIONS

  • Education, Experience, and Training

  • Must possess Bachelor’s Degree in Accounting, Finance, or related field. Master’s Degree preferred.

  • Certification in Public Accounting preferred.

  • Minimum of three years previous experience in hospital accounting required.

  • Previous experience in management/leadership roles required.

  • Ability to learn and navigate computer systems including the online training modules, the employee timesheet and the performance appraisal system. Job specific systems are also required.

  • Must be able to read, speak, and write fluent English.

  • Physical Requirements

  • Sitting – Approximately 100% of shift.

  • Standing – Not a requirement.

  • Walking – Not a requirement.

  • Lifting – Not a requirement.

  • Twisting – Not a requirement.

  • Bending – Infrequent.

  • Squat/Kneel – Not a requirement.

    WORK ENVIRONMENT

  • May come in contact with hazardous chemicals or treatment modalities.

  • The possibility exists of exposure to communicable disease due to working in a healthcare environment.

  • Involvement in patient care may result in unavoidable work-related illnesses.

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    This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. A review of this description has excluded the marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and responsibilities are essential job functions. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by his/her manager.

    Requirements are representative of the minimum levels of knowledge, skills, and/or abilities. To perform this job successfully, the employee will possess the abilities or aptitudes to perform each duty proficiently. Some requirements may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or other employees. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities.

    This document does not create an employment contract, implied or otherwise, other than an "at will" employment relationship with the Waverly Health Center.

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