Chief Financial Officer in Training

Universal Health Services - Fargo, ND

Full-time - Mid Level

Fargo, ND

10,001+ employees

Hospitals

About the position

The Chief Financial Officer in Training (CFO in Training) program at Prairie St. John's Hospital is designed to develop future financial leaders within the healthcare sector, specifically in behavioral health services. This role involves working closely with an experienced Chief Financial Officer to gain expertise in various financial functions, including accounting, budgeting, and financial reporting, while focusing on improving the profitability and financial health of the facility. Successful candidates will be fast-tracked to Chief Financial Officer positions within the UHS Behavioral Division upon completion of the program.

Responsibilities

• Monitor and control accounts receivables, ensuring cash collection goals are met and net revenue is accurately stated.
• Improve the profitability of the hospital by continually monitoring costs, especially staffing in relation to patient volume.
• Develop and monitor policies and procedures in accordance with generally accepted accounting principles and corporate guidelines to ensure sufficient cash flow and increased revenues.
• Prepare monthly financial statements, financial packages, and reports/analysis.
• Provide reconciliations, account analysis, and other information for various departments to aid in report preparation.
• Prepare the annual budget in conjunction with UHS standards, reviewing prior financial results and discussing anticipated changes.

Requirements

• Minimum of 5 years of experience in a financial role in an inpatient healthcare setting, such as an Acute Care Hospital or behavioral health facility.
• Bachelor's degree in accounting is required; a master's degree is preferred.
• Experience in multiple areas of healthcare finance and accounting, including accounts payable/receivable, payroll, financial counseling, and budgeting.