Master's Degree (or equivalent knowledge) in Finance or related
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
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.
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.
Under the direction of the Senior Finance Leader prepares
proformas or financial analyses to meet organization decision
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
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
Nearest Major Market: Elgin
Nearest Secondary Market: Chicago