Area Finance Officer (CFO)

Job Summary :

In addition to the responsibilities listed below, this position is also responsible for serving as a subject matter expert, operational consultant, and CFO for a portfolio of medical center administrative, ancillary, inpatient, primary care and specialty departments for small- and / or medium-sized service areas (i.e., service areas within KFH / HP with fewer than 300 licensed beds OR service area(s) within SCPMG with fewer than 700 Physician FTEs). This includes providing operational and financial reporting, analysis and consultation in support of organizational strategic goals; and partnering with clinical department leadership to drive operational excellence through influence, analysis, interpretation and data validation.

This position is required to maintain and leverage an understanding of health care operations and KPs integrated health care model at the clinical level. This includes interpreting large volumes of complex data (e.g., medical records, financials, etc.); providing detailed operational data to evaluate performance improvement initiatives; programming and conducting statistical analyses (e.g., SAS, SQL, etc.) to drive data-driven decision processes; conducting research and preparing detailed business cases in partnership with department leaders; and developing and maintaining complex staffing models used for departmental and medical center operations in small- and / or medium-sized service areas.

Finally, this position is also responsible for leveraging a breadth of operational knowledge to assess and evaluate department operations and workflows. This includes identifying opportunities to optimize efficiencies in regard to appointment supply and demand; applying data modeling concepts to non-financial scenarios; and developing and maintaining complex staffing models used for department and medical center operations.

Essential Responsibilities :

• Models and drives continuous learning and maintains a highly skilled and engaged workforce by aligning cross-functional resource plans with business objectives; overseeing the recruitment, selection, and development of talent; motivating and empowering teams; building organizational capacity and grooming high potentials for growth opportunities and advancement; staying current with industry trends, benchmarks, and best practices; providing guidance and leadership when difficult decisions need to be made; and ensuring performance management guidelines and expectations drive business needs.
• Oversees the operation of multiple units and departments by identifying customer and operational needs; analyzing resources, costs, and forecasts, and incorporating them into business plans; gaining cross-functional support for business plans and priorities; translating business strategy into actionable business requirements; obtaining and distributing resources; setting standards and measuring progress; removing obstacles that impact performance; guiding performance and developing contingency plans accordingly; ensuring matrixed resources are fulfilling service or performance requirements across reporting lines; and ensuring products and / or services meet customer requirements and expectations, while aligning with organizational strategies.
• Directs internal audit process, reviews audit results, and engages with auditors to resolve complex issues, implement changes to internal controls and proactively assess high risk areas.
• Ensures budgets and / or forecasts are developed in accordance with business strategic initiatives by overseeing budgeting trends; directing budget and forecasting; and overseeing development of department / regional budgets.
• Advises region / business unit leaders on strategic fiscal matters by overseeing regular and special reports for both financial and statistical matters in order to facilitate financial management throughout the organization; leading regular meetings with leadership to review financial results for their areas; and overseeing advice given to the Kaiser Senior Management team on reading and interpreting financial results, analyzing variances, and improving performance.
• Directs financial modeling by overseeing development and application of models; driving the optimization of risk alternatives; and overseeing development of what-if scenarios and forecasts.
• Directs the business vision, objectives, and strategic initiatives by reviewing financial impact.
• Directs costing activities by overseeing identification of cost avoidance and cost recovery opportunities and application of adequate solutions.
• Oversees performance / operations / financial state by directing the use of templates (e.g., cash flow, RFA process, weekly unit case report) and computer applications; making decisions based on financial analyses and results (e.g., operating cash flow analyses, pro forma P&L, line item walk forwards, volume building blocks, NPV, IRR, Discounted Cash Flow, statistical analyses, economic analyses); and monitoring variance analysis and results (e.g., volume, P&L line item, cost of goods, rate).
• Oversees reports of region / business unit financial information by directing use of financial trends, data analysis reports, and forecasts of income and expense; providing recommendations; monitoring assets, liabilities, revenues, and expenses; and directing the use of data / inputs from region / business unit systems to support analyses (e.g., membership and utilization reports, volume reporting, day sales inventory, analysis spreadsheets, investment schedules).
• Demonstrates continuous learning and maintains a highly skilled and engaged workforce by aligning resource plans with business objectives; overseeing the recruitment, selection, and development of talent; motivating teams; preparing individuals for growth opportunities and advancement; staying current with industry trends, benchmarks, and best practices; providing guidance when difficult decisions need to be made; and ensuring performance management guidelines and expectations drive business needs.
• Ensures field operations are supported by overseeing their operational / financial performance; identifying areas of improvement and recommending complex solutions.
• Directs Financial Statement Analysis of business partners (e.g., suppliers, customers, co-packers, acquisition targets) by overseeing information reported from software systems (Internet, Bloomberg, and D&B), annual reports, and / or interviews; ensuring that the financial status (viability) of business partners is adequate; and monitoring risk implications.
• Drives financial performance by reviewing financial trends and results; and advises senior leadership on ways to improve performance.
• Leads strategic financial planning by overseeing reporting of financial, utilization, and benchmark data.
• Leads strategic financial planning by directing financial plans, acquisition activity, financial requirements, and operating forecasts; and driving development of financial concepts for financial planning and control.