Executive Director, Finance
Job location: Miami, FL
Employment Type: Full-time
Posted data: 2019-05-09
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The Executive Director, Finance reports directly to the Hospital Division CFO. Works collaboratively with MSOM senior management teams.
Specific duties include:
- The position is assigned all onsite financial responsibility for the Hospital(s) (and acts as the hospital’s financial liaison to facility management in the communication, execution, and reporting of financial data.
- Is responsible for the preparation of monthly financial statements and statistical data.
- In conjunction with the Hospital Division CFO is responsible for the oversight of applicable cash management systems, checks and balances, and internal controls.
- Provides proactive, sound guidance regarding management of assets and investments, and financial trends within the facility to the hospital’s CEO and management.
- Works with departmental management and patient care executives to implement financial plans and productivity benchmarks, and to monitor progress toward financial goals.
- Is actively involved in the facilities management approaches, corporate performance, and the growth of a team oriented culture
- In conjunction with the Hospital Division CFO and senior health system management, establishes a five year strategic financial plan and participates in the hospitals’ strategic planning process.
- Maintains a thorough working knowledge of federal, state, and reimbursement payment methodologies including: contractual accounting, payment calculations, billing requirements and compliance issues.
- Is responsible for development and maintenance of hospital decision support systems. Including cost accounting and accounts receivables valuation.
- Maintains effective revenue cycle process to keep accounts receivable at acceptable levels in conjunction with Central Business Office leadership.
- Monitors capital asset expenditures, prepares annual operating budgets with input and involvement with facility management.
- Works with hospital accounting staff to prepare timely, monthly financial statements, report budget variances, develop and monitor cash flow projections, monitors performance of hospital contracts, and ensures hospital management fees are paid in accordance with contract terms.
- Provides leadership and guidance to any and all additional facility departmental responsibility entrusted to this position by the respective facility CEO in agreement with the Associate Vice President for Financial Operations.
- Performs other duties as assigned by Hospital Division CFO
An experienced professional with a financial background and knowledge of generally accepted accounting principles, exceptional analytical skills, excellent written and oral communication, good interpersonal skills and strong organizational and management abilities. In addition, the Associate CFO-Hospital Division must possess the ability to present business information to faculty and senior administrators in a manner easily understood by non-financial professionals. The Associate CFO-Hospital Division must possess quantitative skills normally acquired through the completion of a Bachelor’s degree in Accounting plus CPA certificate or Master’s Degree in Finance, Business, Health Administration or related field.
The specific professional qualifications we seek include:
- Excellent skills in financial accountability, controls, interaction with regulatory and compliance programs and corporate governance.
- Excellent communication and interpersonal skills with the ability to work collegially with all levels of the organization toward common objectives.
- Exceptional leader. Has the ability to work across the complex matrix organization of the medical center and University to achieve organizational goals and objectives.
- Strong developer of talent. A coach/mentor to the accounting and financial reporting staff.
- Ability to build strong relationships with internal and external stakeholders.
- The ideal candidate will have proven supervisory experience, aptitude in GAAP, and fund accounting, ability to work independently with minimum supervision, and have excellent computer and organizational skills.
- Team player with strong communication and coordination skills to support the delivery of the Specialty Hospitals, the Hospital Division, and MSOM’s goals and objectives.
- High personal standards of confidentiality, integrity, ethical behavior, fairness, and respect in dealing with others.
- Bachelors degree in accounting, or a related field.
- Minimum qualifications include a Masters Degree in Business, Finance, Accounting, or related field. An accounting qualification CPA, CMA, or higher is preferred.
- Sound experience and background in GAAP, internal accounting controls, research/grant accounting, and patient care regulatory environment
- Minimum of seven years of healthcare financial management experience with emphasis on strong analytical skills required.
- Advanced membership status in Healthcare Financial Management Association or the American College of Healthcare Executives preferred.
- Experience managing professional staff.
Knowledge, Skills, and Attitudes:
This position requires an individual with the following characteristics:
- Intellectual, professiona,l and a person of integrity;
- Honest, with the highest ethical standards;
- Someone who can quickly establish trust and credibility with institutional leadership and across the University;
- A collaborative person who can work closely with others in a team-oriented setting;
- A person who is flexible and receptive to change. A loyal person with a positive “can-do” attitude;
- A person who can relate to a broad variety of individuals on a professional level.
- Someone who is well balanced who possesses the ability to provide financial direction for the organization as well as tactical management and oversight of financial operations as needed;
- Ability to work closely with leadership of the hospitals to achieve results. Seeks “win-win” solutions to help foster continued integration and collaboration amongst these entities; and
- Someone who is comfortable working in a consensus, decision-making environment yet who can provide proactive leadership.
- Understanding the Business. Knows the business and the mission critical technical and functional skills needed to do the job; understands various types of business propositions and understands how the hospital business operates in general; learns new methods and technologies easily;
- Making Complex Decisions. Can solve even the toughest and most complex problems; great at gleaning meaning from whatever data is available; is a quick study if the new and different; adds personal wisdom and experience to come to the best conclusion and solution, given the situation; uses multiple problem solving tools and techniques;
- Focusing on Action and Outcomes. Attacks everything with drive and energy with an eye for the bottom line; not afraid to initiate action before all the facts are known, drives to finish everything he/she starts;
- Being Organizationally Savvy. Maneuvers well to get things done; knows where to go to get what he/she needs; politically aware and agile; knows what the right thing to do is; presents views and arguments well; and
- Managing Diverse Relationships. Relates well to a wide variety of diverse styles, types and classes; open to differences; effective up, down, sideways, inside and outside; builds diverse networks; quick to find common ground; treats differences fairly and equitably; treats everyone like a preferred customer.
The University of Miami is an Equal Opportunity Employer - Females/Minorities/Protected Veterans/Individuals with Disabilities are encouraged to apply. Applicants and employees are protected from discrimination based on certain categories protected by Federal law. Click here for additional information.Job Status:Full timeEmployee Type:StaffPay Grade:c109