Chief Financial Officer

Ensures the financial viability of Steward Health Care, LLC (Steward) by establishing and monitoring financial plans and budgets. Manages the financial affairs of Steward in accordance with business unit goals, sound business practice, and Steward policies and in compliance with various government regulatory requirements. Plans, organizes, and directs the fiscal services department including the development, interpretation, coordination, and administration of Stewards policies on finance, accounting, insurance, financial/accounting systems, internal controls, and auditing.

KEY RESPONSIBILITIES:

• Establishes and monitors the annual operating budget in accordance with sound budgeting principles and corporate guidelines. Interfaces with Human Resources and other departments in preparation of manpower plans, salary and benefit proposals.
• Supervises and develops managers in areas such as patient accounting, data processing, credit/collection, general accounting, purchasing, PBX and admitting. Establishes performance plans and objectives and evaluates results with subordinates at the end of the performance period. Provides positive direction and open lines of communication with and between subordinates.
• Directs subordinates in developing and implementing systems and procedures for effective and accurate record keeping.
• Evaluates Stewards overall financial position and prepares periodic financial and operating reports.
• Coordinates with other senior members of management in developing major financial plans including capital expenditure programs.
• Reviews and evaluates the effectiveness of all financial and accounting systems at Steward. Directs the development and implementation of new systems, policies and procedures as required.
• Assists in the developing of new business by analyzing the feasibility of new ventures including managed care contracts and advises management of the financial prospects.
• Attends promptly to the administrative details of the position including the signing of documents, preparation of reports, completion of performance appraisals and other employee-related actions.
• Ensures that the financial operation of Steward is carried out in an ethical, responsible manner.
• Analyzes daily operating results to ensure that revenues, expenses and labor are within budgeted objectives, advises department heads and administration of needed changes, improvements, etc.
• Establishes and maintains sound financial controls and record keeping with as few employees as possible. Approves financial expenditures up to the level as established by the Steward President.
• Keeps current of government regulatory requirements and rapidly changing reimbursement environment in order to develop and implement changes to policies and procedures as needed.
• Manages Stewards financial resources. Through subordinates, supervises and coordinates the functions of reimbursement, budget, patient accounting, and general accounting, which include general ledger accounting, accounts payable and cashiering.
• Participates in development of department objectives and organization structure. Organizes work of department, allocates and schedules work to be performed, and recommends positions and staffing required. Participates in development of department operating budget and ensures that operations are maintained within allocated funds. Establishes and maintains appropriate records and reports.
• Develops and implements policies and procedures for department and ensures compliance within. Provides for organization and maintenance of an effective system of accounting and cost determination. Continually reviews and modifies costs systems and data collection to assure maximum cost reimbursement for patient services. Prepares periodic reports outlining Stewards financial position in all areas of assets, liabilities, income, and expense based on past, present and planned future operations. Prepares and effects timely filing of federal, state, third party, and other financial reports as required. Stays current with national and local economic conditions and serves as advisor to board director on their impact. Recommends budget-planning guidelines to board director, coordinates preparation of current operating and capital budgets with Administrator for Steward. In conjunction with Administrator of Steward-wide budgets to director for review and board approval. Provides for current and adequate insurance protection to protect Steward from liability and other losses.
• Supervises investigation, analysis, and presents recommendations with respect to costs, charges, rates, etc. to permit income to support Stewards activities. Prepares revisions to rate structure. Participates in cost impact of personnel policies and programs such as employee benefit additions or changes, general salary increase, etc. Performs costs studies involving third parties such as Blue Cross, and local, state, and federal agencies. Participates in costs studies with Steward auditing firm representatives. Audits financial basis for any Steward activity. Participates in activities with third parties to expedite payment of long overdue accounts.
• Directs and supervises department staff through subordinate managers, including review/approval of recommended personnel actions.
• Implements and maintains established Steward policies and procedures, objectives, quality assurance, safety, environmental and infection control.
• Directs (through subordinate supervisors) care and maintenance of department facilities, equipment and supplies.
• Attends required meetings and participates on committees as required/requested.
• Participates in professional activities; maintains professional affiliations to keep abreast of current trends/changes and legislation in the field.
• Performs other duties as required/directed.

EDUCATION/EXPERIENCE/LICENSURE/TECHNICAL/OTHER:

• Education: BS Degree in finance, accounting or equivalent. CPA and/or MBA is preferred.
• Experience: Five or more years of progressively responsible finance experience. Excellent management and communication skills.

About the company

Carteret Health Care is a 135-bed, non-profit hospital in Morehead City, North Carolina.