Director of Finance

Job Description

The Director of Finance is responsible for making sound investment and business decisions for the organization; the day-to-day management of the Accounting, Payroll and Accounts Payable functions; performing strategic planning and analysis; establishing organizational profitability standards and financial goals; oversees organizational insurance policies; and supports payor contract negotiations.

Responsibilities include:

Financial Reporting

Provides oversight of the preparation of and analytical review of financial and statistical budgets for assigned entities.

Provides oversight of all budget reporting comparing actual results to budget standards.

Completes analytical review and follow up with department heads regarding all material budget variances.

Presents financial reports to executives, the board of directors, department leaders, and other stakeholders.

Audit Management

Reviews engagement letters, management representation letter, management letter comments, and all other auditor communications.

Coordinates the timing and presentation of audit including arrangements for field work, coordinating reviews by CEO, and arrangements for board presentation.

Adherence to all other accounting professional standards and departmental policy and procedure.

Internal Control Structure

Designs, maintains, and provides oversight of the organization’s financial internal control structure.

Designs, maintains, and provides oversight of the accounting department policies and procedures to ensure the safeguarding of assets and accurate financial reporting.

Reviews and authorizes disbursements and expenditures.

Oversight of cash management responsibilities to ensure adequate cash reserves for operations and proper investment of excess cash reserves to realize investment income.

Departmental Management

Responsible for selection, training, and evaluation of staff. Supervises staff productivity, including management of overtime usage.

Manages departmental costs in adherence to budget standards.

Personal Responsibilities

Works collaboratively with others toward improving organizational performance and supports goals and objectives of the organization.

Meets organizational standard for attendance, punctuality and use of break times.

Maintains and enhances competency through in-services, staff meetings and educational programs.

Observes dress code per organizational and departmental standards.

Other duties as assigned.

Qualifications

Bachelors Degree in Accounting/Finance, required.

Certified Public Accountant, preferred.

Experience in Critical Access Hospital and RHC preferred.

Three years prior healthcare experience with prior management experience preferred.

Proficiency in Microsoft Office or similar applications, and computer based accounting and information systems.

Written and oral communication skills to present financial information to department heads, clinical personnel without a financial background, the CEO, and board of directors; poise, confidence and tact to interact with personnel from all levels of the organization.