Description - External

Title: Chief Financial Officer

Location: Long Beach, CA

Department: Administration

Status: Full-time

Shift: Days

Pay Range*:

MemorialCare is a nonprofit integrated health system that includes four leading hospitals, award-winning medical groups – consisting of over 200 sites of care, and more than 2,000 physicians throughout Orange and Los Angeles Counties. We are committed to increasing access to patient-centric, affordable, and high-quality healthcare; your personal contributions are integral to MemorialCare's recognition as a market leader and innovator in value-based and other care models.

Across our family of medical centers, we support each one of our bright, talented employees in reaching the highest levels of professional development, contribution, collaboration, and accountability. Whatever your role and whatever expertise you bring, we are dedicated to helping you achieve your full potential in an environment of respect, innovation, and teamwork.

Position Summary

MemorialCare seeks a collaborative, strategic, and dynamic finance executive to serve as the Long Beach campus medical center's next Chief Financial Officer (CFO). This is an exciting opportunity to join a leading tertiary, teaching, Magnet designated medical center with national recognition for a number of clinical service lines. The CFO will provide senior financial oversight and direction to the Medical Centers through maintenance of internal controls and reporting systems which provide accurate and timely financial information to management for decision making.In conjunction with leadership team, actively participate in strategic direction of facilities through incorporation of market analysis, managed care initiatives, and trends in healthcare to allow for successful attainment of mission and fulfillment of vision.Implements and ensures compliance with MHS system wide financial standards, policies, and procedures.

Essential Function

Strategic:

• Facilitates campus strategic planning using MHS and campus financial plan, key managed care information/initiatives, decision support analyses and updates in government reimbursement.
• Assists with design and direction of system wide standard operational/performance reports.
• Directs use of standard reports and benchmarking tools to facilitate campus operational improvement, decision making and performance in accordance with the operating budget and the strategic and financial plans.
• Develops and designs fiscal objectives for campus in harmony with MHS fiscal objectives.
• Attracts, develops, and retains strong customer focused management team for all areas within Finance Division.
• Develops ongoing expansion of information technology within the finance function, including automation.

Operations:

In concert with system patient financial services functions, through management of business functions of hospital, including patient registration, and medical records, ensure adequate performance and compliance in revenue cycle to maximize cash flow of organization.

•In concert with system supply chain services and through management of hospital materials management, ensure key controls and reporting are in place that ensure efficient utilization of resources, while maintaining commitment to service delivery for operations.

•Through management of accounting/finance department and in concert with MHS finance, and MHS Reimbursement, maintain internal controls that allow for accurate and timely reporting of financial results of hospital and foundation in an efficient and cost-effective manner

•Leads and directs development and preparation of campus 5 year operating and 10-year capital financial plans and annual operating and capital budgets.

•Provides and effectively communicates regular reports to LBMMC Finance Committee and Board of Directors summarizing financial performance, strategy, budgets, and other initiatives.

•Keeps supervisor informed of significant problems that jeopardize the achievement of objectives.

*Placement in the pay range is based on multiple factors including, but not limited to, relevant years of experience and qualifications. In addition to base pay, there may be additional compensation available for this role, including but not limited to, shift differentials, extra shift incentives, and bonus opportunities. Health and wellness is our passion at MemorialCare—that includes taking good care of employees and their dependents. We offer high quality health insurance plan options, so you can select the best choice for your family. And there’s more... Check out our MemorialCare Benefits for more information about our Benefits and Rewards.

Qualifications - External

Minimum Requirements

Qualifications/Work Experience:

·       7 years prior financial management experience and demonstrated success in financial operations in a healthcare setting.

·       Experience within a multi-site, matrixed integrated system is preferred.

·       CA local market knowledge and experience preferred.

Education/Licensure/Certification:

·       Bachelor’s degree in health administration, Finance, Accounting, or related field

·       MBA, CPA, or equivalent experience preferred