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Director Finance Services

Company: Advocate Health Care
Location: Elgin
Posted on: September 13, 2020

Job Description:

Master's Degree (or equivalent knowledge) in Finance or related field

Typically requires 7 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. Includes 3 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

Effective collaboration and teamwork skills, including ability to partner with operations leaders to improve financial management of organization resources.

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.

Operates all equipment necessary to perform the job.

Exposed to a normal office environment.

This position requires travel so the incumbent will be exposed to weather and road conditions.

This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

Purpose:

Leads the Finance function at one or more sites, including directing the budget, forecast and capital processes, month end close and financial reporting, and financial analysis and decision support activities. Key resources to site leadership and senior executive team for financial management of operations.

Accountabilities:

Under the direction of the Senior Finance Leader prepares proformas or financial analyses to meet organization decision making needs.

Leads the budget process for the site(s), including establishing the timing, methods and process for the budget. Establishes controls and processes that insures the integrity of the budget. Directs or prepares revenue budget for the organization, including gross revenues, contractuals and bad debts/charity. Quantifies and budgets revenue enhancement and cost reduction opportunities. Assists the Senior Finance Leader and site leadership in identifying financial improvement opportunities.

Leads the forecast process in a similar manner.

Works collaboratively with site department leaders and SRCO to help improve site financial performance, including improved labor productivity, cost management, revenue capture, denials reduction, and other areas.

Directs the site capital process, including the capital request and approval process, tracking and reporting of capital dollars, and preparation of proformas and other financial analyses as directed. Staffs the site capital committee.

Prepares presentations, reports and other information for the Senior Finance Leader and executive team as requested. May present financial information at management team meetings.

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, provides direction of financial statement

About Advocate Health Care

Advocate Health Care, named among the nation’s Top 5 large health systems based on quality by Truven Analytics, is the largest health system in Illinois and one of the largest health care providers in the Midwest. Advocate operates more than 250 sites of care, including 12 hospitals that encompass 11 acute care hospitals, the state’s largest integrated children’s network, the state’s largest emergency and Level I trauma network, one of the area’s largest home health care companies, and the region’s largest medical group. Advocate Health Care has 4 teaching hospitals and is a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ.

Nearest Major Market: Elgin

Nearest Secondary Market: Chicago

Keywords: Advocate Health Care, Elgin , Director Finance Services, Other , Elgin, Illinois

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