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The VP of Finance has direct responsibility for the planning, coordination, and direction of financial activities of designated hospitals. Participates in the financial and functional decision-making processes for the successful attainment of the operational and strategic goals and objectives of assigned entities. Maintains an awareness of changes in the healthcare regulatory environment that could have an impact on the success of the System or its member hospitals and assists with development of strategies to effectively manage through the changes.
The VP of Finance will work with the entity CEO, and Senior Team, other Finance VP's and leaders from across the System to coordinate efforts within specified functional areas. The primary objectives of these efforts varies among the different functional areas but can include achieving consistency in policies and processes, streamlining processes to gain efficiencies and improve margins, and facilitate communication both within the finance team and with leadership of other divisions.
MINIMUM QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1. Bachelor's degree in accounting, finance, or business administration.
EXPERIENCE:
1. At least eight years health care finance experience.
2. At least five years financial management and supervisory experience in a health care setting.
PREFERRED QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1. Master's degree in accounting, finance, business administration, or healthcare administration.
2. CPA certification.
EXPERIENCE:
1. Financial management in a critical access hospital and/or a health care system environment.
CORE DUTIES AND RESPONSIBILITIES: The statements described here are intended to describe the general nature of work being performed by people assigned to this position. They are not intended to be constructed as an all-inclusive list of all responsibilities and duties. Other duties may be assigned.
1. Responsible for the planning, coordination, and direction of financial activities of the hospital and related subsidiaries/affiliates.
2. Monitors the financial performance and financial position of assigned entities to identify variances and key trends that could affect the entity's and/or System's financial viability. Reviews key financial and utilization information with entity CEO and Senior Team, System finance leaders, and others as needed in order to facilitate timely operating adjustments when necessary.
3. Establishes and maintains centralized administrative and financial policies for functional areas of responsibility where appropriate to standardize and provide consistency among System entities.
4. Works with entity CEO and Senior Team, other Finance VP's and leaders from across the System to coordinate efforts within specified functional areas. The primary objectives of these efforts varies among the different functional areas but can include achieving consistency in policies and processes, streamlining processes to gain efficiencies and improve margins, and facilitate communication both within the finance team and with leadership of other divisions.
5. Coordinates reporting of the financial performance and financial position of assigned entities to their respective Finance Committees and Boards of Directors.
6. Responsible for long range strategic planning for assigned entities, including identification and assessment of growth opportunities, proformas for new or expanded business ventures, process improvements, margin enhancements, and resource deployment.
7. Assists with annual update of long range financial forecast for assigned entities in order to assess system-wide capital requirements, debt capacity, and cash planning.
8. Assists with coordination of annual external financial statement audits of assigned entities within WVUHS. Assists with corrective action plans regarding management letter and other recommendations for improving and/or correcting deficiencies in accounting system control procedures.
9. Responsible for the completion of annual operating and capital budgets for assigned entities within the established WVUHS budget guidelines and parameters.
10. Establishes relations with banks and other financial institutions to maximize return on short-term cash and effectiveness of cash management activities.
11. Maintains an awareness of changes in the healthcare regulatory environment that could have an impact on the success of the System or its member hospitals and develops strategies to effectively manage through the changes.
12. Demonstrates strategic thinking and effectiveness by identifying future needs and problem areas, developing workable solutions, and following through to action. Works collaboratively with System staff, entity CEO, and senior management teams of assigned entities by providing assistance related to financial matters.
13. Maintains personal development program to improve professional and business skills necessary for high level performance within the position. Attends meetings and seminars to maintain knowledge of current trends and developments in the field and applies information obtained within assigned entities and the System as appropriate.
14. Other duties as assigned.
PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Office work which includes sitting for extended periods of time.
WORKING ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Office work which includes sitting for extended periods of time.
2. Travel between facilities/buildings and throughout the region.
SKILLS AND ABILITIES:
1. Strong collaboration, teambuilding, and consensus building skills required.
2. Demonstrated leadership skills and the ability to provide constructive feedback to team members to support continuous improvement.
3. High-level problem identification/mitigation/resolution skills and public speaking skills.
4. Computer skills including Microsoft Office (Excel, Word, Powerpoint). Working knowledge of accounting information systems. Ability to adapt and quickly learn other computer applications as required.
5. Ability to work with and maintain confidential information.
Additional Job Description:
Scheduled Weekly Hours:
40
Shift:
Exempt/Non-Exempt:
United States of America (Exempt)
Company:
SYSTEM West Virginia University Health System
Cost Center:
500 SYSTEM Administration
Address:
Butler
Pennsylvania
Equal Opportunity Employer
West Virginia University Health System and its subsidiaries (collectively "WVUHS") is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. WVUHS strictly prohibits and does not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, citizenship, past, current, or prospective service in the uniformed services, genetic information, or any other characteristic protected under applicable federal, state, or local law. All WVUHS employees, other workers, and representatives are prohibited from engaging in unlawful discrimination. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, training, promotion, discipline, compensation, benefits, and termination of employment.