Divisional Chief Financial Officer, Community Division
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Divisional Chief Financial Officer, Community Division
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Job Type: Regular
Time Type: Full time
Work Shift: Day (United States of America)
FLSA Status: Exempt
When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives.
Reporting to the Executive Vice President and Chief Financial Officer of BILH, with a dotted line relationship to the Divisional President Community Hospitals, the Divisional CFO, Community Division is responsible for the full financial functions and P&L accountability of community hospitals within BILH. This includes Beth Israel Deaconess Hospital -Needham, Beth Israel Deaconess Hospital -Plymouth, Beth Israel Deaconess Hospital -Milton, Anna Jaques Hospital, Exeter Health Resources, Winchester Hospital, and Beverly and Addison Gilbert Hospitals. The Divisional CFO, Community Division will be responsible for the development, interpretation, coordination and administration of the community hospitals policies and practices on finance, revenue cycle, accounting, insurance, managed care contracting, patient access (registration), patient financial services, internal controls, contracting/purchasing, and auditing. Serves as a member of the Finance Leadership Team of Beth Israel Lahey Health system and participates in strategic planning. The Divisional CFO, Community Division demonstrates full support of the Beth Israel Lahey Health mission through demonstrated measurable results and conduct consistent with the mission statement and strategic plan.
Job Description:
Essential Duties & Responsibilities including but not limited to:
- Leads, supervises, and coordinates all financial activities for the community division BILH system in collaboration with the EVP, Chief Financial Officer. In accordance with the system, prepares, organizes, coordinates, and oversees financial policies for the community division in order to control revenue reception, fund expenditure, and asset conservation.
- As an executive member of the finance operations leadership team, contributes to the development and implementation of short- and long-term strategic goals, objectives, and plans that support market growth, revenue enhancement, cost containment, and productivity maximization.
- Develops long and short-term operational and capital budgets that are consistent with the community division long and short-term plans and objectives.
- Provides financial leadership to community hospital presidents, chief financial officers, executives, and physicians leaders to build support, ownership of goals, and active engagement in health system decisions. Monitors overall performance to ensure budgetary responsibility is met.
- Provides financial skills to plan new services that create profitable income. This includes analyzing service demand, resource availability, and cost-benefit analysis for capital and staff expansion.
- Collaborates with finance heads who negotiate contracts for medical services and other purchases.
- Collaborates with senior executives to plan, promote, and implement organizational performance improvement activities. Makes suggestions for action, prepares action plans, and tracks performance indicators.
- The incumbent will lead in the support of a strong culture of respect and belonging and work on the development and implementation of efforts that prioritize collaboration and career satisfaction.
- Advanced degree in related management disciplines, such as an MBA or CPA is highly desirable.
- Bachelor’s degree in Accounting or Business Required.
- Experience in working in an integrated health system, ideally within a competitive marketplace.
- Requires a minimum five to eight years in accounting/ finance experience; within health care institution or with a public accounting firm with extensive experience with health care clients.
- Experience at a community division level in a high-level leadership role highly required.
- Accounting, finance planning and analysis, revenue recognition, and analytics experience highly desired.
- Track record of successful P&L management; possesses strong financial and operational acumen.
- Requires the ability to maintain the confidentiality of information acquired pertaining to financial, legal, and patient and employee records.
- Proven track record of creative problem-solving and change management in a high-volume mission driven organization.
- Demonstrated leadership ability with a proven track record of bringing complex projects to successful completion on time and on budget.
- Demonstrated change agent, self-starter and team player. Able to work independently and handle multiple priorities.
- Capable of leading the charge and thinking "out of the box". Comfortable challenging the status quo while able to work diplomatically to keep stakeholders engaged.
- Serve as a role model by integrating quality customer service skills, leadership skills and communication skills when interfacing with colleagues.
- Superb verbal, written, and visual communication skills.
- Excellent problem-solving and analytical skills.
As a health care organization, we have a responsibility to do everything in our power to care for and protect our patients, our colleagues and our communities. Beth Israel Lahey Health requires that all staff be vaccinated against influenza (flu) as a condition of employment. Learn more about this requirement.
More than 35,000 people working together. Nurses, doctors, technicians, therapists, researchers, teachers and more, making a difference in patients' lives. Your skill and compassion can make us even stronger.
Equal Opportunity Employer/Veterans/Disabled
Seniority level
Seniority level
Executive
Employment type
Employment type
Full-time
Job function
Job function
Finance and SalesIndustries
Hospitals and Health Care
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