Associate CFO Childrens Hospital

Overview

The Associate CFO serves as the operational finance executive leader for a business segment of the VCU Health System Enterprise. This role collaborates with the executive team for material business segments and executive leaders/constituents in Strategy, Managed Care, Revenue Cycle, Supply Chain, Treasury, Finance and Construction. The role will have oversight and leadership of its own finance team, financial reporting and analysis for the business segment, service lines and clinical diagnoses, as well as strategic financial/business plan development, reporting, controls and compliance for operations and large capital, strategic initiatives that pertain to the health system.

• Responsible for accurately managing and preparing the annual budgets (capital and operations) relating to business segment Finances; collaborates with Health System Finance leadership on monthly GL close procedures and process flow through the utilization of the direct and broader finance team.
• Responsible for managing the monthly variance reporting for the business segment plus other financial requirements for overall fiscal stewardship through the utilization of the direct and broader finance resources of the team.
• Leverage data analytics to identify return on investment and other efficiency indicators for business segment Finance Operations. Monitor performance utilizing various dashboards, scorecards, statistical and reporting methodologies to ensure success.
• Leads the management/compilation of business cases/proformas as needed and provides strategic financial planning and analysis for chair packages, service line growth and related capital investments impacting the health system as needed.
• Key contributor, educator, and evaluator for Strategic Growth Council proposed capital projects during the fiscal year, primarily preceding and during budget cycle. May also be involved with long term planning of capital, financing and operating projections.
• Manage and collaborate on projects eligible for Capital Steering Committee decision making that are between $1m and $5m consistent with the Significant Transactions policy/process.
• Work in concert with Finance leadership and Capital Reporting to ensure integrity in reporting status, financial controls, and reported accounting results of capital projects over $1m.
• Monitor performance and communicates effectively utilizing various dashboards, scorecards, statistical and reporting methodologies to ensure success in business segments Finances using all finance resources available.
• Plan, develop, organize, implement, directs, and evaluate the performance of the team to ensure alignment with VCUHS mission, values, strategy, and vision.
• Provide mentoring, coaching, performance management, annual evaluations as well as managing employee development and discipline as needed.
• Ensures responsibility and visible commitment of diversity equity and inclusion strategy, programs, and initiatives through collaboration and implementation of initiatives across the health system.
• Ensure compliance with federal, state, and local laws affecting all levels of the organization.
• Perform other duties as assigned and/or participates in special projects in order to support the mission of the business segments and VCUHS.

N/A

Required

Education:

Bachelor’s Degree-Finance, Accounting, or Business Administration or equivalent coursework

Preferred Education: Master’s Degree in Finance, Accounting, Health or Business Administration

Licensing/ Certification

Licensure/Certification

Required:

N/A

Licensure/Certification Preferred: Certified Public Accountant (CPA), CHFP, FHFMA or equivalent combination of certification and experience

Minimum Qualifications

Years and Type of

Required Experience:

Required: 10+ years of progressive healthcare financial experience including 5 years of management experience

Other Knowledge, Skills and Abilities Required: Knowledge of GAAP;
Financial Analysis, Data Analytics. Excel modeling and Analytical Tools/Software. Calculation of cost accounting, reimbursement, staffing, capacity, and capital investment performance measures. Revenue cycle, Govt payer regulations and constructs, & managed care contracting in health care organizations. ERP/EMR/Decision support financial systems setup, controls and testing as necessary.

Other Knowledge, Skills and Abilities Preferred: Knowledge of Tableau/Power BI, Stratajazz, EPIC, Workday ERP and use of A.I. preferred

Working Conditions

Periods of high stress and fluctuating workloads may occur. General office environment. May have periods of constant interruptions.

Physical Requirements

Physical Demands:
Lifting/ Carrying (0-50 lbs.), Push/ Pull (0-50 lbs.), Stoop, Kneel, Squat

Work Position:
Sitting, Walking, Standing

Physical Requirements/ Hazards:
Manual dexterity (eye/hand coordination), Finger Dexterity, Color Vision, Acuity - near

Hazards: N/A

Mental/Sensory
-Emotional

Mental / Sensory:
Strong…