Chief Financial Officer
Oakland, California 94601
In collaboration with the Area Manager & Chief Operating Officer, the Area Financial Officer II drives the financial & operational performance of the Area. Serves as the local representative of Regional Finance, ensuring a consistent approach to managing performance. Oversees the development of short & long range financial plans, performance improvement plans, budgets, capital plans & business plan for the Area. The Area Finance Officer (AFO) is also accountable for maintaining the integrity of overall Area fiscal operations, including adherence to region-wide policies & procedures, Sarbanes-Oxley, revenue collection, patient billing, admitting, & Health Information Management. The AFO acts as the Chief Financial Officer for the Area, & serves as the liaison between the Area & regional services for fiscal operations. Establishes & maintains strong working relationships with Regional Senior leadership & TPMG.
• Responsible for driving performance, in collaboration with the Area Manager, & Chief Operating Officer Establishes & manages the process for improving performance reviewing performance against plan, identifying performance drivers & improvement opportunities. Partners with other AFOs & Regional Finance to develop recommended approaches that drive consistency & standardization across the Region.
• Drives the standardization of financial & planning processes. Responsible for consistent practices among Areas, & coordinating activities between the Area & Regional Finance. Ensures that issues associated with Region versus Area responsibilities are surfaced & resolved. Collaborates with financial counterparts in the medical group. Responsible for maintaining a collaborative relationship between finance personnel in the Area & the medical group. Champions regional initiatives & drives local implementation of initiatives (e.g., DHMO, KP HealthConnect, cost center standardization & UCOA). Coordinates & provides oversight to Shared Services activities including IT, materials management, Payroll & Accounts Payable.
• Responsible for the development of annual & multi-year forecasts of Area revenue & expense. Develops overhead allocation in conjunction with regional departments. Partners with the Area Manager & Senior Leadership to develop & implement financial plans & budgets, including medical services & capacity planning. Responsible for cost management methodology & capital requirements.
• Directs the analysis & oversight of performance to operational budgets including benchmarking & opportunity analysis & ensures day to day cost performance. Prepares reports & analyses relating to membership, revenues, expenses, & utilization. Directs the design & implementation of data collection & reporting systems. Provides direction to Area Manager & Area finance team on appropriate financial policies & procedures. Works with Regional Finance to develop standardized approaches related to key processes including budgeting, forecasting, reporting, & capital planning. Identifies opportunities to eliminate rework & redundancies between the Areas & Region.
• Responsible for the development of a long-range capital plan & business plan addressing market trends & area needs. Partners with Senior Leadership & TPMG in addressing Area operational & service delivery needs; develops short-term & long-term plans to address these needs.
• Plans, organizes & directs, through management & supervisory personnel, the cost-effective operations of the departments responsible for all patient/third party billing, disability & other claims, & local cash control management/reporting.
• This job description is not all encompassing.
• Minimum twelve (12) years of combined, progressive experience in financial management, financial planning and analysis or other combination of financial management disciplines to include at least six (6) years in a direct management capacity.
• Bachelor' s degree in business administration, economics, finance, health care administration, operations research, public health administration, or other related field.
• High School Diploma OR General Education Diploma (GED) required.
License, Certification, Registration
• Extensive knowledge of federal, state and regulatory accounting and reporting regulations, GAAP, cost management techniques, financial analysis and budgets required.
• Demonstrated expertise as a financial and strategic leader, with excellent problem-solving skills, proven capability to motivate change and galvanize action, proven ability to balance execution of a strategic vision with a willingness to dive into details, and consistent results orientation.
• Demonstrated leadership capabilities, including excellent interpersonal skills (negotiation, listening and communication), willingness to challenge the " status quo", demonstrated political savvy, and open, collaborative leadership style that promotes teamwork and partnership.
• Must be able to work in a Labor/Management Partnership environment in a highly unionized environment.
• Master' s degree strongly preferred.
• CPA strongly preferred.
• Background in financial decision-making in a health care setting including revenue cycle, planning, finance, operations, consulting and capital budgeting/modeling strongly preferred.