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Job Details

Vice President of Finance

Company name
Valley Medical Center

Location
Renton, WA

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Profile

VALLEY MEDICAL CENTER

Job Description

Finance 

The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and revised to meet the changing needs of the organization.

TITLE:

Vice President of Finance

JOB OVERVIEW:

Responsible for, and management of, all financial/accounting

operations of the organization, including financial reporting,

financial modeling and analysis, financial forecasting,

reimbursement, physician and ambulatory financial analytics,

strategic business development proformas and analytics, and

service line proforma development.  

AREA OF ASSIGNMENT:

Finance

RESPONSIBLE TO:

Chief Financial Officer 

PREREQUISITES:

Bachelor’s degree in Business Administration, with a major/concentration in Accounting or Finance preferred. CPA or MBA required.

At least ten (10) years financially oriented, direct healthcare management experience at the Director or Vice President level.

Thorough knowledge and understanding of financial statements and accounting standards and financial analytics, including modeling and proformas.

Understanding and experience with healthcare cost of care analytics, cost accounting, service line, market share, and decision support analysis.

Thorough knowledge and understanding of healthcare reimbursement concepts and various contemporary healthcare payment models, including advanced payment and other value based models.

Experience interacting with external and internal auditors (financial statement, regulatory, performance, internal).

Knowledge of public hospital district laws within the state of Washington helpful.

QUALIFICATIONS:

Demonstrated leadership and management skills, and the ability to lead others by example.

Demonstrated ability to coach, motivate, and teach others throughout the department and across departmental lines about financially-related issues.

Provides strong financial oversight and guidance.

Displays proactive leadership to deliver organizational and process enhancements for continuous improvement; willing to reinvent financial processes as needed to improve organizational objectives.

Demonstrated ability to help define and support strategic financial planning processes and decisions; act as primary financial support for business development and strategic planning

Demonstrated ability to design and implement effective systems of internal controls.

Ability to make timely, fact-based, and authoritative decisions.

Ability to work and partner with other vice presidents, directors, managers, or senior administrators on organizational initiatives.

Manages strategic initiatives to achieve financial goals/targets of organization and help measurably enhance business practices.

Experience acting as liaison with third parties, such as regulatory or financial statement auditors.

Experience in building and working with financial models.

Ability to identify best practice approaches within the financial realm and perform financial analyses accordingly.

Detailed knowledge of financial theories utilized in healthcare environment and finance. Strong understanding of statistical theories and forecasting systems.

Understands organizational dynamics and ability to lead others toward goal achievement.

Strong organizational and prioritization skills; ability to manage and supervise multiple tasks, projects, and timelines.

Competency in statistical analyses.

Demonstrates strong interpersonal skills, initiative, high energy, enthusiasm, creativity and strong independent problem solving skills.

Able to communicate, facilitate, and present effectively to groups.

UNIQUE PHYSICAL/MENTAL DEMANDS, ENVIRONMENT, AND WORKING CONDITIONS:

See generic criteria 

PERFORMANCE RESPONSIBILITIES

A. Generic Job Functions:

See Generic Job Description for Vice President

B. Unique Job Functions:

Responsible for the management, development, direction, and oversight of financial reporting, strategic financial planning, financial forecasting, reimbursement, cost accounting/product line analysis, accounts payable, and payroll functions.

Directly supervises various Finance Directors, Managers and others as needed.

Directly oversees specialty financial planning functions, including but not limited to, reimbursement, forecasting, costing, and physician/provider analytics.

Directly responsible for financial support related to strategic financial planning processes and business development.

Reviews all analyses completed by reimbursement, costing, accounting, finance, and other analysts.

Manage strategic initiatives of administrators/organization to achieve financial goals.

Ensure Director of Finance over establishes, develops, and implements accounting practices, principles, and procedures to reflect current GASB and FASB pronouncements.

Responsible for oversight related to physician compensation models and financial/operational proformas.

Coordinates the financial reporting processes of the entire organization.

Perform detailed financial forecasts.

Maintains, reviews and modifies a system of internal accounting controls over key internal control systems and organizational assets.

Develops policies and procedures for an effective system of cost accounting/product line analyses and reporting throughout the organization.

Maintains appropriate, accurate costing models for cost of care analytics, including both hospital and ambulatory.

Provides useful financial information to internal and external customers.

Works closely with other managers, directors and administrators to provide general financial guidance or consulting.

Participate in cross-departmental committees, such as Finance, Facilities, and Audit committee, Strategic Business Development, and Healthcare Intelligence.

Evaluates, counsels, and develops staff and participates in decisions regarding hiring, evaluations, salary adjustments, promotions, and terminations.

Oversees preparation of third party cost reports

Oversees detailed costing analysis/product line analysis.

Willing to continuously evaluate and reinvent the financial systems and processes, as necessary, to improve organizational performance and/or strengthen necessary internal controls.

Primary liaison with third party auditors on regulatory or other issues.

Development and direction of analyses of utilization of cost data/information.

Understanding of Medicare and Medicaid reimbursement regulations.

Assists the Chief Financial Officer with special projects and other administrator-level requests.

Maintains continuing education for awareness of impacts of changing accounting standards and regulatory agency requirements as to their effect on the financial viability and/or legal compliance of the organization.

Demonstrates conformance to VMC’s policies and procedures.

Revised 1/02, 10/04, 5/09, 5/10, 1/18

Reviewed 10/10, 1/2013, 1/2018

Grade: 37

FLSA: E

Cost Center:  

#CB 

Job Qualifications:

PREREQUISITES:

Bachelor’s degree in Business Administration, with a major/concentration in Accounting or Finance preferred. CPA or MBA required.

At least ten (10) years financially oriented, direct healthcare management experience at the Director or Vice President level.

Thorough knowledge and understanding of financial statements and accounting standards and financial analytics, including modeling and proformas.

Understanding and experience with healthcare cost of care analytics, cost accounting, service line, market share, and decision support analysis.

Thorough knowledge and understanding of healthcare reimbursement concepts and various contemporary healthcare payment models, including advanced payment and other value based models.

Experience interacting with external and internal auditors (financial statement, regulatory, performance, internal).

Knowledge of public hospital district laws within the state of Washington helpful.

QUALIFICATIONS:

Demonstrated leadership and management skills, and the ability to lead others by example.

Demonstrated ability to coach, motivate, and teach others throughout the department and across departmental lines about financially-related issues.

Provides strong financial oversight and guidance.

Displays proactive leadership to deliver organizational and process enhancements for continuous improvement; willing to reinvent financial processes as needed to improve organizational objectives.

Demonstrated ability to help define and support strategic financial planning processes and decisions; act as primary financial support for business development and strategic planning

Demonstrated ability to design and implement effective systems of internal controls.

Ability to make timely, fact-based, and authoritative decisions.

Ability to work and partner with other vice presidents, directors, managers, or senior administrators on organizational initiatives.

Manages strategic initiatives to achieve financial goals/targets of organization and help measurably enhance business practices.

Experience acting as liaison with third parties, such as regulatory or financial statement auditors.

Experience in building and working with financial models.

Ability to identify best practice approaches within the financial realm and perform financial analyses accordingly.

Detailed knowledge of financial theories utilized in healthcare environment and finance. Strong understanding of statistical theories and forecasting systems.

Understands organizational dynamics and ability to lead others toward goal achievement.

Strong organizational and prioritization skills; ability to manage and supervise multiple tasks, projects, and timelines.

Competency in statistical analyses.

Demonstrates strong interpersonal skills, initiative, high energy, enthusiasm, creativity and strong independent problem solving skills.

Able to communicate, facilitate, and present effectively to groups.

Job Requirements

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Company info

Valley Medical Center
Website : http://www.valleymed.org

Company Profile

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