CFO - SCH License
Company: Alta Hospitals
Posted on: February 12, 2024
The Chief Financial Officer serves as a key member of the
executive leadership team and is responsible for the oversight of
financial operations of the assigned hospital(s). Assesses and
evaluates the financial performance of the organization regarding
operational goals, budgets, and forecasts. Creates and establishes
yearly financial objectives that align with the organizations plan
for growth and/or expansion. Works cross-functionally with subject
matter experts and leadership to ensure both short-term and
long-term initiatives of the organization are being met.
Responsible for the department's continuous effective operation,
including ongoing performance improvement. Ensures the day to day
financial operations of the assigned hospital(s) are completed in
an efficient manner and in accordance with organizational policies
and values. Demonstrates problem-solving, critical thinking, and
prioritization of work and resolves issues as they arise in an
appropriate and timely manner. Develops and executes on short- and
long-term goals for the hospital/organization. Acts as Chief
Financial Officer and strategic business partner to the senior
executive leadership team.Accurately prepares and maintains
monthly, quarterly and annual financial statements in a timely
manner. Oversees the month-end close process, constantly reviewing
procedures and eliminating inefficiencies. Reviews all month-end
closing activities including general ledger accounts, balance sheet
accounts and overhead cost allocation. Communicates the financial
performance of assigned hospital(s) to the management team of the
hospital(s) and corporate leadership. Serves as a key point of
contact for external auditors; manages preparation and support of
all external audits.Develops and maintains the monthly and annual
operating budget for the assigned facility(s). Prepares and
presents monthly financial budgeting reports including monthly
profit and loss, forecast vs. budget, and weekly cash flow. Reviews
and analyzes monthly financial results and provide
recommendations.Manages cash flow planning process and ensure funds
availability. Oversees cash, investments, and asset management
area. Explores new investment opportunities and provides
recommendations on potential returns and risks. Maintains
outstanding banking relationships and strategic alliances with
vendors and business partners. Utilizes forward-looking models and
activity-based analyses to provide financial insight into the
organizations plans and operating budgets.Monitors all financial
agreements of the facility(s) with various financing companies.
Maintains compliance with restrictive covenants of the financing
documents and informs appropriate parties when covenants cannot be
maintained. Corresponds with the lending company to maintain
established credit lines.Develops and maintains performance
improvement activities in the department and recommends /
implements changes as appropriate. Analyzes business processes to
identify potential issues or opportunities for cost savings and
proposes solutions. Manages and monitors expenses, including
staffing and labor. Enhances and implements financial and
accounting systems, processes, tools and control systems.
Appropriately educates and mentors, and leads/participates in
company initiatives, such as employee engagement, to support a
team-oriented culture. Acts as a coach and positive role model for
staff by establishing and maintaining a safe work environment that
fosters positive morale. Provides guidance and support to
manager/supervisor/staff as needed. Demonstrates behavior
consistent with mission and core values.
- Bachelor of Science Degree in Accounting, Finance or related
- Six(6) years of healthcare finance experience with at least 2
years in a leadership role.
- Experience with business analytics concepts and techniques
(pivot tables, databases, queries, etc).
- Demonstrates excellent organizational skills/abilities.
- Excellent analytical, reasoning and problem-solving
- Ability to effectively communicate in a clear and concise
- Strong time management skills and ability to effectively
- Significant experience working with external auditors, internal
controls and compliance-related issues.
- Ability to work in a fast-paced multidisciplinary
- Ability to establish and maintain effective working
relationships within the organization.
- Strong Microsoft Office experience with advanced knowledge of
- Masters Degree in Business Administration.
- Certified Public Accountant.
Keywords: Alta Hospitals, Torrance , CFO - SCH License, Accounting, Auditing , Torrance, California
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