Chief Financial Officer

ScionHealth - Columbus, GA

Full-time - Senior

Columbus, GA

1,001-5,000 employees

Hospitals

About the position

The Chief Financial Officer (CFO) at ScionHealth is a pivotal leadership role responsible for overseeing the financial operations of St. Francis Emory Healthcare in Columbus, Georgia. This position requires a strategic thinker who can provide direction to all financial departments, ensuring the overall fiscal responsibility of the hospital. The CFO will play a crucial role in financial administration, data processing, training, operational planning, budget development, financial analysis, performance monitoring, internal financial reporting, cost reduction, revenue enhancement, and regulatory compliance. In terms of financial administration, the CFO will oversee general accounting, patient business services, and financial reporting, ensuring adherence to established policies and procedures. The role also involves providing direction in data processing and systems, as well as managing materials management and medical records functions. Training and performance monitoring of subordinates are essential to ensure that fiscal responsibilities are met effectively. The CFO will assist the CEO in developing both long- and short-range operational plans for the hospital, which includes conducting service demand analyses, resource availability analyses, and cost-benefit analyses for proposed capital and staff expansions. Additionally, the CFO will be responsible for creating operational and capital budgets that align with the hospital's strategic plans and objectives. Financial analysis is a key component of this role, where the CFO will prepare cash flow analyses, budget variance analyses, and recommend budget modifications. Monitoring and interpreting the hospital's financial performance to identify undesirable trends and potential business opportunities is also critical. The CFO will direct the preparation of internal financial reports, ensuring timely and accurate reporting that reflects the hospital's financial position. Furthermore, the CFO will lead initiatives to analyze and explore means of reducing operating costs and increasing revenues, leveraging knowledge of market trends and financial reports. Ensuring compliance with regulatory requirements is also a significant responsibility, as the CFO will oversee the timely submission of all financial data and reports required by government and regulatory agencies.

Responsibilities

• Oversee general accounting, patient business services, and financial reporting in accordance with established policies and procedures.
• Provide direction in data processing, distributed systems, materials management, and medical records functions.
• Train subordinates in relevant areas and monitor their performance to ensure fiscal responsibilities are met.
• Assist the CEO in developing long- and short-range hospital operations plans, including service demand analyses and resource availability analyses.
• Create long- and short-range operational and capital budgets supported by the hospital's plans and objectives.
• Prepare cash flow analyses and budget variance analyses, recommend budget modifications, and assist managers in developing departmental budgets.
• Monitor, interpret, and analyze hospital financial performance to achieve established plans and objectives, identifying and reporting undesirable trends and potential business opportunities.
• Direct the preparation of internal financial reports, including work papers for annual financial audits, ensuring timely and accurate preparation that reliably reflects the hospital's financial position.
• Lead efforts to analyze and explore means of reducing hospital operating costs and increasing revenues, based on knowledge of market trends, financial reports, and operating procedures.
• Ensure timely and accurate submission of all financial data and associated reports required by government and other regulatory agencies.

Requirements

• Bachelor's Degree in Accounting or Finance is required.
• Knowledge of generally accepted accounting principles (GAAP).
• Strong verbal, interpersonal, and quantitative skills developed through completion of the degree.
• A minimum of 3 years working at the CFO level in an acute-care hospital is required.
• At least 3 years of progressive management experience in an investor-owned healthcare organization is required.
• Must be a strong, hands-on, and approachable leader who values teamwork.
• Ability to motivate and inspire staff to achieve optimal results while maintaining high employee satisfaction.

Nice-to-haves

• CPA or Master's Degree is strongly preferred.