About this role
Essential Job Statements
Responsible for accurately managing and preparing the annual budgets (capital and operations) relating to business segment Finances; collaborates with Health System Finance leadership on monthly GL close procedures and process flow through the utilization of the direct and broader finance team.
Responsible for managing the monthly variance reporting for the business segment plus other financial requirements for overall fiscal stewardship through the utilization of the direct and broader finance resources of the team.
Leverage data analytics to identify return on investment and other efficiency indicators for business segment Finance Operations. Monitor performance utilizing various dashboards, scorecards, statistical and reporting methodologies to ensure success.
Leads the management/compilation of business cases/proformas as needed and provides strategic financial planning and analysis for chair packages, service line growth and related capital investments impacting the health system as needed.
Key contributor, educator, and evaluator for Strategic Growth Council proposed capital projects during the fiscal year, primarily preceding and during budget cycle. May also be involved with long term planning of capital, financing and operating projections.
Manage and collaborate on projects eligible for Capital Steering Committee decision making that are between $1mio and $5mio consistent with the Significant Transactions policy/process.
Work in concert with Finance leadership and Capital Reporting to ensure integrity in reporting status, financial controls, and reported accounting results of capital projects over $1mio.
Monitor performance and communicates effectively utilizing various dashboards, scorecards, statistical and reporting methodologies to ensure success in business segments Finances using all finance resources available.
Plan, develop, organize, implement, directs, and evaluate the performance of the team to ensure alignment with VCUHS mission, values, strategy, and vision.
Provide mentoring, coaching, performance management, annual evaluations as well as managing employee development and discipline as needed.
Ensures responsibility and visible commitment of diversity equity and inclusion strategy, programs, and initiatives through collaboration and implementation of initiatives across the health system.
Ensure compliance with federal, state, and local laws affecting all levels of the organization.
Perform other duties as assigned and/or participates in special projects in order to support the mission of the business segments and VCUHS.
Patient Population: N/A
Employment Qualifications
Required Education: Bachelor’s Degree-Finance, Accounting, or Business Administration or equivalent coursework
Preferred Education: Master’s Degree in Finance, Accounting, Health or Business Administration
Licensing/ Certification
Licensure/Certification Required: N/A
Licensure/Certification Preferred: Certified Public Accountant (CPA), CHFP, FHFMA or equivalent combination of certification and experience
Minimum Qualifications
Years and Type of Required Experience: Required: 10+ years of progressive healthcare financial experience including 5 years of management experience
Other Knowledge, Skills and Abilities Required: Knowledge of GAAP; Financial Analysis, Data Analytics. Excel modeling and Analytical Tools/Software. Calculation of cost accounting, reimbursement, staffing, capacity, and capital investment performance measures. Revenue cycle, Govt payer regulations and constructs, & managed care contracting in health care organizations. ERP/EMR/Decision support financial systems setup, controls and testing as necessary.
Other Knowledge, Skills and Abilities Preferred: Knowledge of Tableau/Power BI, Stratajazz, EPIC, Workday ERP and use of A.I. preferred
Working Conditions: Periods of high stress and fluctuating workloads may occur. General office environment. May have periods of constant interruptions.
Physical Requirements
Physical Demands: Lifting/ Carrying (0-50 lbs.), Push/ Pull (0-50 lbs.), Stoop, Kneel, Squat
Work Position: Sitting, Walking, Standing
Additional Physical Requirements/ Hazards,
Physical Requirements: Manual dexterity (eye/hand coordination), Finger Dexterity, Color Vision, Acuity – near
Hazards: N/A
Mental/Sensory – Emotional
Mental / Sensory: Strong Recall, Reasoning, Problem Solving, Hearing, Speak Clearly, Write Legibly, Reading, Logical Thinking
Emotional: Fast pace environment, Steady Pace, Able to Handle Multiple Priorities,, Frequent and Intense Customer Interactions, Able to Adapt to Frequent Change
EEO Employer/Disabled/Protected Veteran/41 CFR 60-1.4.
Other facts
About VCU Health
We are a strong, passionate team of more than 12,500 who take pride in caring for every person who comes through our doors. We lift each other up so we can provide the very best and safest care to those who need us most. Together. Every day.
With the support of our university, we make up an academic medical center committed to excellence in patient care, innovation and training tomorrow’s health care workforce. We continue to educate, research and evolve – staying on the cutting edge of care.
As a community of innovators, every team member can contribute a spark of ingenuity igniting a force to discover the next cure, hold the next hand, solve the greatest challenges and create the health care of tomorrow.
We foster an atmosphere of respect and welcoming for all communities. We infuse our teams with diverse talent that inspires everyone to contribute openly and freely, maximizing their impact and creating meaningful change for our patients and community.
Join our team and help us create a new kind of patient experience. Join VCU Health.
EEO Statement:
VCU Health System strictly prohibits and does not tolerate discrimination against, or harassment of, team members, applicants, or any other covered persons because of age, race, ethnicity, religion, culture, language, physical or mental disability, socioeconomic status, sex (sexual orientation, gender identity or expression and pregnancy), protected veteran status, marital status, genetic information, or any other protected characteristics under applicable federal, state, or local law.
Pay Transparency Provisions:
VCU Health System complies with the Pay Transparency Provisions.
What you'll do
- The Associate CFO is responsible for managing the annual budgets and financial reporting for a business segment of the VCU Health System. This role also involves strategic financial planning and analysis, oversight of capital projects, and ensuring compliance with financial controls.
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