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The
VP of Finance has direct responsibility for the planning, coordination, and
direction of financial activities of Reynolds Memorial Hospital (RMH) and
Wetzel County Hospital (WCH) and related subsidiaries/affiliates.
Participates in the financial and functional decision-making processes for
the successful attainment of the operational and strategic goals and
objectives of assigned entities. Maintains an awareness of changes in the
healthcare regulatory environment that could have an impact on the success of
the System or its member hospitals and assists with development of strategies
to effectively manage through the changes.
The
VP of Finance will work with other Finance VPs and leaders from across the
System to coordinate efforts within specified functional areas. The primary
objectives of these efforts varies among the different functional areas but
can include achieving consistency in policies and processes, streamlining
processes to gain efficiencies and improve margins, and facilitate
communication both within the finance team and with leadership of other
divisions.
MINIMUM QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1.
Bachelors degree in
accounting, finance, or business administration.
EXPERIENCE:
1.
At
least eight years health care finance experience.
2.
Financial
management and supervisory experience in a health care setting.
PREFERRED QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1.
Masters degree in accounting,
finance, business administration, or
healthcare administration
2.
CPA certification.
EXPERIENCE:
1.
Financial
management in a hospital and/or a health care system environment.
CORE
DUTIES AND RESPONSIBILITIES: The
statements described here are intended to describe the general nature of work
being performed by people assigned to this position. They are not
intended to be constructed as an all-inclusive list of all responsibilities
and duties. Other duties may be assigned.
1.
Responsible for the planning,
coordination, and direction of financial activities of the hospitals and
related subsidiaries/affiliates.
2.
Monitors the financial performance
and financial position of assigned entities to identify variances and key
trends that could affect the entitys and/or Systems financial viability.
Reviews key financial and utilization information with VP of Finance, WVUHS
and others as needed in order to facilitate timely operating adjustments when
necessary.
3.
Establishes and maintains
centralized administrative and financial policies for functional areas of
responsibility where appropriate to standardize and provide consistency among
System entities.
4.
Works with other Finance VPs and
leaders from across the System to coordinate efforts within specified
functional areas. The primary objectives of these efforts varies among the
different functional areas but can include achieving consistency in policies
and processes, streamlining processes to gain efficiencies and improve
margins, and facilitate communication both within the finance team and with
leadership of other divisions.
5.
Coordinates reporting of the
financial performance and financial position of assigned entities to their
respective Finance Committees and Boards of Directors.
Direct responsibility for the RMH
and WCH Finance Committees.
6.
Responsible for long range strategic
planning for assigned entities, including identification and assessment of
growth opportunities, process improvements, margin enhancements, and resource
deployment.
7.
Assists with annual update of long
range financial forecast for assigned entities in order to assess system-wide
capital requirements, debt capacity, and cash planning.
8.
Assists with coordination of annual
external financial statement audits of assigned entities within WVUHS.
Assists with corrective action plans regarding management letter and other
recommendations for improving and/or correcting deficiencies in accounting
system control procedures.
9.
Responsible for the completion of
annual operating and capital budgets for assigned entities within the
established WVUHS budget guidelines and parameters.
10.
Establishes relations with banks and
other financial institutions to maximize return on short-term cash and
effectiveness of cash management activities.
11.
Maintains an awareness of changes in
the healthcare regulatory environment that could have an impact on the
success of the System or its member hospitals and develops strategies to
effectively manage through the changes.
12.
Demonstrates strategic thinking and
effectiveness by identifying future needs and problem areas, developing
workable solutions, and following through to action. Works collaboratively
with System staff and senior management teams of assigned entities by providing
assistance related to financial matters.
13.
Maintains personal development
program to improve professional and business skills necessary for high level
performance within the position. Attends meetings and seminars to maintain
knowledge of current trends and developments in the field and applies
information obtained within assigned entities and the System as appropriate.
14.
Other duties as assigned.
PHYSICAL
REQUIREMENTS: The
physical demands described here are representative of those that must be met
by an employee to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities
to perform the essential functions.
1.
Office work which includes sitting
for extended periods of time.
WORKING
ENVIRONMENT: The work
environment characteristics described here are representative of those an
employee encounters while performing the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities
to perform the essential functions.
1.
Office work which includes sitting
for extended periods of time.
2.
Travel between facilities/buildings
and throughout the region.
SKILLS
AND ABILITIES:
1.
Strong collaboration, teambuilding,
and consensus building skills required.
2.
Demonstrated leadership skills and
the ability to provide constructive feedback to team members to support
continuous improvement.
3.
High-level problem
identification/mitigation/resolution skills.
4.
Computer skills including Microsoft
Office (Excel, Word, Powerpoint). Working knowledge
of accounting information systems. Ability to adapt and quickly learn other
computer applications as required.
5.
Ability to work with and maintain
confidential information.
Date
Reviewed/Revised: September 2020