Chief Financial Officer, CCHHS - Administration -public

Cook County Health

Full-time - Senior

Hospitals

About the position

The Chief Financial Officer (CFO) of the Cook County Health & Hospitals System (CCHHS) is responsible for overseeing all financial and control activities within the organization. This includes the protection of assets, management of the revenue cycle, financial reporting, operational reporting, and strategic planning to meet the financial needs of the System. The CFO provides strategic vision and management for the operational and fiscal direction of the System, ensuring that functions, processes, and systems are streamlined where appropriate. The role requires effective communication of financial performance information to the CCHHS Board, Executive Management, County Commissioners, and the financial departments of the County. The CFO also ensures a smooth interface with external auditors and regulatory bodies during reviews of the financial operations of the System and its business units. In addition to financial oversight, the CFO is involved in various administrative responsibilities, including collective bargaining, discipline, and supervision of staff. The CFO reviews applicable Collective Bargaining Agreements, participates in negotiations, and documents disciplinary actions as necessary. The position also contributes to the management of CCH staff and the systemic development and success of the organization. The CFO is expected to use independent judgment to identify operational staffing issues and perform functions such as hiring, promoting, and disciplining employees in accordance with applicable agreements. Typical duties include overseeing all financial reporting and control, financial planning, revenue cycle management, and treasury functions across the System. The CFO ensures the integrity of financial reporting and develops management reporting systems to aid decision-making. The role involves managing the revenue cycle program to maximize revenue and ensure data integrity, coordinating the annual budget process, and providing financial leadership across the corporate finance function. The CFO also manages governmental reimbursement activities to maximize revenue and ensure compliance with laws and regulations, while leading a large staff of direct and indirect reports through professional leadership and personnel management initiatives.

Responsibilities

• Oversee all financial reporting and control, financial planning, revenue cycle management, and treasury functions across the entire System.
• Ensure integrity of financial reporting and develop systems of management reporting to enable effective business decisions.
• Manage the revenue cycle program to maximize revenue enhancement and collection, ensuring integrity of collected data.
• Coordinate, manage, and lead the annual budget process, integrating it with the strategic planning cycle.
• Develop financial decision-making information including operational and financial benchmarking, cost analysis, and planning support.
• Provide financial leadership to the corporate finance function, ensuring consistency and standardization across operating units.
• Lead the redesign of financial and business processes within the System.
• Manage governmental reimbursement activities to maximize revenue and ensure compliance with laws and regulations.
• Manage a large staff of direct and indirect reports through professional leadership, mentoring, and personnel management initiatives.

Requirements

• Graduation from an accredited college or university with a Bachelor's degree in Finance, Accounting, Business Administration or related field.
• Ten (10) years of progressively more responsible financial management experience within the health care industry.

Nice-to-haves

• A Master's degree from an accredited college or university in Finance, Accounting, Business Administration or related field.
• Senior financial leadership work experience within the public and/or academic sectors of the healthcare industry.
• Ten (10) years previous experience as a Certified Public Accountant (CPA) or similar role.
• Membership in Healthcare Financial Management Association (HFMA).