Kreischer Miller Looking for Vice President of Finance – Hospital at Flemington, NJ Full Time

Kreischer Miller’s Retained Executive Search Practice (RES) group takes a highly personalized and collaborative approach to executive recruiting. We work directly with owners of privately-held and family-owned companies to help build their leadership teams. Our goal is to find the best fit for your organization – top-tier executives who will make an immediate and long-term positive impact on your company. Our RES Practice has a proven track record of locating talented senior-level executives. We are proud to be a perennial name on Philadelphia Business Journal’s list of Top 10 Retained Search Firms.

Our client, a large independent healthcare system in Central New Jersey that provides a full range of preventive, diagnostic, and therapeutic inpatient and outpatient hospital and community health services. THey have a long and successful history of clinical excellence, personalized care, and innovative thinking while providing high quality healthcare services to the community and surrounding areas. The organization has a long-standing commitment to excellence, consistently striving to be a national model for community health care.

Position Summary

The Vice President of Finance will be responsible for the Healthcare System’s Financial Operations including Financial Reporting and Financial Planning. The VP Finance will ensure timely and accurate reporting of the System’s performance and develop reliable projections and budgets. This person is expected to foster positive working relationships with Administrative Staff, Department Heads, external auditors, medical staff, employees, consultants, and others as required from time to time.

Primary Position Responsibilities

• Responsible for financial operations of all entities of the Healthcare System (including financial reporting, forecasting, budgeting, analysis, reimbursement, revenue recognition, grant reporting, and governmental compliance – tax, SEC, and cost reporting)
• Financial Reporting – responsible for generating financial statements and management reports in accordance with GAAP for all entities including
• Monthly management reporting including variance analysis that allows managers to readily understand their performance and adjust to meet demand
• Board financial statement reporting
• Annual audited financial statement reporting including footnotes and single audits
• Specific financial metrics as requested/required
• Maintain chart of accounts
• Develop and support other financial reporting systems as required (e.g., payroll and productivity reporting)
• Budgeting – responsible for coordinating the development of annual capital and operating budgets, rolling forecasts and long-range projections
• Working with Financial Reporting and Financial Planning team members, maintain departmental variance reviews with departments on a monthly, bi-monthly, and quarterly basis
• Provide department leadership with insights on how to close budget gaps and pursue opportunities to enhance financial performance
• Working with the CFO, develop annual budget package for the approval of the annual operating and capital budgets
• Develop pro-forma financial statements for business plans with sufficient detail to support post project reviews, monitoring, and budgets if the plan is approved
• Account Analysis – maintain a data analytics function
• Revenue Reporting – work with Revenue Cycle personnel to ensure that revenue and accounts receivables are valued accurately on financial statements and budgeted correctly in annual budgets
• Reimbursement – responsible for all CMS/Medicaid cost account, state and federal reimbursement and grant related programs including FEMA claims
• Grant Reporting – grant compliance and reporting as required by grantors
• Tax, Cost and SEC reporting – responsible for all tax reporting, CMS/Medicaid required cost reporting and SEC reporting
• General
• Periodically review and develop policies and procedures related to finance and accounting functions
• Manage personnel, employee development and role definitions to achieve goals and maintain a strong understanding of GAAP requirements among the team
• Review the accounting department members to match strengths of the team with the needs of the organization and make tough decisions if needed
• Keep up on new accounting pronouncements and recommends implementation
• Assist in special projects as directed
• Develop and present matters requiring the decision of the CFO
• Provide advice on financial matters and other matters as requested by the CFO

Job Requirements

• Bachelor’s degree and CPA strongly preferred
• MBA preferred
• HFMA or other healthcare fellowship preferred
• Ten years of progressive financial/supervisory experience in healthcare required; within a hospital/healthcare system strongly preferred
• Must have solid GAAP experience, especially from an audit perspective
• ERP implementation experience strongly preferred
• Solid experience with financial accounting software and ERP systems
• Must have significant knowledge of main frame information systems and operations.
• Solid computer skills in Excel, Word, and PowerPoint
• Strong interpersonal skills; able to develop good working relationships with all levels within an organization, including other Senior Leaders
• Demonstrated large group presentation skills and ability to conduct productive meetings
• Ability to synthesize complex and diverse information providing insight for financial decision-making; demonstrated skills with financial reports that drive strategic planning
• Mission driven; desire to impact the community in a positive way
• Personality professional, personable, passionate, collaborative, “roll up your sleeves,” innovative thinker, creative problem-solver and detail-minded
• Proactively identify and resolve issues in a timely manner; gather and analyze information skillfully; Understand issues affecting other departments and work with them to resolve
• Leadership Inspire, motivate, mentor, and develop others to perform well; courageous in making tough decisions; easily accepts feedback from others
• Judgment exhibit sound, accurate judgment and make timely decisions
• Planning/Organizing prioritize and plan work activities; use time efficiently and develop realistic action plans; strong organizational skills
• Delegation of work assignments give authority to work independently and set expectations and monitor delegated activities
• Management skills when needed, include staff in planning, decision-making, facilitating and process improvements; be available to staff; provide regular performance feedback; develop staff skills and encourage growth

NOTE Kreischer Miller is not accepting unsolicited resumes from search firms. All resumes submitted by search firms to any employee via-email, the Internet or directly without a valid written search agreement will be deemed the sole property of Kreischer Miller, and no fee will be paid in the event the candidate is hired by Kreischer Miller. We also do not post salary ranges externally so any salary estimate you see listed on a third party website was not provided by Kreischer Miller and may not be accurate.