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Executive Director Finance

Req #:  172834
Facility:  Illinois Masonic Medical Center
Department:  Management/Supervisory
City:  Chicago
Posting Budget Status:  Day
Shift Type:  Full Time - Permanent
Posting FTE:  1

Position Requirements:

  • Master's Degree (or equivalent knowledge) in Finance or related field.
  • 10 years of experience in financial operations which includes experiences overseeing financial operations and developing and executing financial strategies within a large complex organization.
  • Healthcare experience preferred.
  • 5 years of management experience in financial management.
  • Excellent relational skills and ability to get things done through teamwork, persuasion and influence
  • Excellent communication skills and ability to work with executive boards, teams, physicians and staff.
  • Formal presentation and business writing skills.
  • Ability to explain complex financial information in ways non-financial people can understand and relate to.
  • Excellent analytical skills, including ability to review quantitative and qualitative data and reach sound conclusions
  • Experience in consulting with senior leadership, providing guidance on financial strategies and decisions that impact the performance of the organization.
  • Strong understanding of health care dynamics and economics as it relates to the profitability of various services and the margin contribution available with marginal investment.


Purpose:
Financial Leader for Illinois Masonic Medical Center and part of the site executive team. Plans, organizes and directs financial and related business matters including the annual operating and capital budgets. Oversees the development of business and financial strategies, analysis of operating results and growth and expense reduction initiatives. Ensures financial strategies and practices align and effectively support the achievement of the organization's objectives.

Accountabilities:

  1. Oversees the financial performance of operations for assigned hospital(s), medical group or service line. Directs completion and reviews reports on financial performance. Supervises, investigates, analyzes and presents recommendations with respect to costs (labor and non~labor) and revenue initiatives, including processes, re~engineering and detailed performance/financial/program reviews, to ensure stated financial goals are attained.
  2. Works collaboratively with operations management and corporate revenue cycle departments (Patient Access, HIM, and revenue cycle analysts) to capitalize on revenue cycle process improvement opportunities to optimize revenue and better understand/enhance payer and reimbursement trends.
  3. Collaborates with site(s) or service line leadership on the development, implementation, evaluation of operating and capital budgets, determines the financial implications of business decisions/projects and recommends strategies to enhance financial performance.
  4. Insures the standardization of work, processes and deliverables while ensures financial integration within the site(s) or service line.
  5. Serves as a resource/liaison for site(s) or service line leadership, corporate finance staff (general accounting and reimbursement, etc) departments and functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology for the site(s) or service line by providing guidance on policies and procedures.


Nearest Major Market: Chicago