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PURPOSE: The CFO is responsible for directing the fiscal functions of

the corporation in accordance with generally accepted accounting

principles. The CFO plans, coordinates and supervises the financial and

accounting activities of the corporation to ensure an effective and

efficient operation. The CFO practices financial management using

appropriate techniques and practices within the guidelines of regulatory

and advisory standards.

Essential Job Functions

Plans, develops, organizes, implements, directs and evaluates the

organizations fiscal function and performance

Participates in the development of the Corporations plans and

programs as a strategic partner

Remains current on rules/regulations of third party payors;

formulates strategy related to third party reimbursement mechanisms

Evaluates and advises on the impact of long-range planning,

introduction of new programs/strategies and regulatory action

Analyses, prepares and interprets monthly hospital financial reports

to the CEO/Administrator and Board of Directors; monitors problem

areas that need potential improvement

Reviews monthly financial statements on a timely basis and

researches any unreasonable variances that are discovered

Directs the formulation of an annual operating budget, which will

reflect the goals, and/or objectives of the President/CEO, Board of

Directors, and other executives/managers/supervisors in performing

their responsibilities

Directs the accurate and timely maintenance of the general ledger

and related activities with the assistance of in-house personnel.

Balances bank statements, maintains employee-spending accounts

Provides technical financial advice and knowledge to others within

the financial discipline

Continual improvement of the budgeting process through education of

department managers/supervisor on financial issues affecting their

budgets

Provides strategic financial input and leadership on decision making

issues affecting the organization; i.e., evaluation of potential

alliances acquisitions and/or mergers and pension funds and

investments

Review/Revision of Revenue Cycle as needed to assure optimum

reimbursement to hospital/clinics

Optimizes the handling of bank and deposit relationships and

initiate appropriate strategies to enhance cash position

Develop a reliable cash flow projection process and reporting

mechanism which includes minimum cash threshold to meet operating

needs

Be an advisor from the financial perspective on any contracts into

which the Hospital may enter from a financial standpoint

Evaluation of the finance division structure and team plan for

continual improvement of the efficiency and effectiveness of the

group as well as providing individuals with professional and

personal growth with emphasis on opportunities(where possible) of

individuals

Selects, develops and motivates a qualified staff to ensure

attainment of established objectives

Participates in special projects as requested by the

CEO/Administrator

Additional Duties And Responsibilities

Financial activities are completed as scheduled which contribute to the

effectiveness of the department

Accounting operations are evaluated, updated and completed according

to established timeframes

Board of Directors and various board committees made aware of the

financial operations of the facility

Special projects are completed according to established deadlines
Ensures a qualified staff achieves established goals and objectives,

which contribute to the effective functioning of the department

Clara Barton Medical Center

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Chief Financial Officer (CFO)