Dir - Finance - SMKIL General Accounting

The Director of Finance at St. Mary's Hospital is responsible for planning and overseeing all financial activities, ensuring compliance with accounting standards, and generating timely reports for the CFO. This role requires analyzing financial data to maximize profitability and supervising finance and payroll staff to maintain accurate financial records.

To qualify for the Director of Finance role at St. Mary's Hospital, candidates should ideally possess a Bachelor’s degree in Accounting or Finance, with a Master’s degree being highly preferred. Additionally, 3-5 years of management experience in a financial role, coupled with extensive knowledge of healthcare accounting practices, is necessary for success in this position.

Essential skills for the Director of Finance at St. Mary's Hospital include proficiency in accounting software, extensive knowledge of financial reporting, and excellent communication skills in English. Familiarity with MS Office and a solid understanding of healthcare accounting are also crucial to effectively manage the financial operations of the hospital.

Yes, as the Director of Finance at St. Mary's Hospital, you can expect a competitive benefits package that offers flexible options. This includes paid time off, a comprehensive 401K retirement plan, medical, dental, and vision coverage, tuition reimbursement, and many additional voluntary benefits tailored to meet your needs.

The salary range for the Director of Finance position at St. Mary's Hospital is typically between $XXX,XXX.XX and $XXX,XXX.XX annually. However, the exact compensation will be determined based on various factors, such as experience, educational background, and specific skills relevant to the role.

To ensure compliance, I regularly review financial statements and reports against generally accepted accounting principles. I also implement internal controls and provide training for my team to ensure everyone understands the standards and their importance.

Certainly! In my last position, I identified inefficiencies in our budgeting process which were causing delays. By implementing a new budgeting software and training the staff, we were able to streamline our approach, resulting in a 20% reduction in time spent on budget preparation.

Maximizing profitability in healthcare can involve analyzing service line performance for cost reduction opportunities, negotiating better rates with vendors, and focusing on patient satisfaction to improve outcomes and reduce readmissions—ultimately leading to higher reimbursements.

When financial discrepancies arise, I first conduct a thorough investigation to understand the root cause. I then collaborate with my team to resolve the issue, and implement processes to avoid similar discrepancies in the future, ensuring accountability and transparency.

I am proficient in various accounting software, including QuickBooks and Epic. These tools benefit my role by providing real-time financial insights, automating routine tasks, and enhancing accuracy in reporting, which is critical in a healthcare environment.

In my previous roles, I have successfully managed finance and payroll teams by fostering a collaborative environment, providing continuous training, and setting clear performance expectations—all while encouraging professional development to enhance team capabilities.

For financial analysis of new programs, I typically employ cost-benefit analysis and ROI calculations. I also assess the potential revenue streams and align them with the hospital’s strategic goals to forecast financial outcomes effectively.

I simplify complex financial information by using clear visuals and relatable examples. I focus on key metrics that impact stakeholders directly and ensure the information is relevant to their needs, enhancing understanding and decision-making.

To ensure timely and accurate financial reporting, I establish a strict timeline for each reporting cycle, regularly review progress with my team, and utilize checklists to verify that all data is collected and processed correctly before submission.

I am motivated by the opportunity to contribute to the overall health of the community through financial stewardship. Seeing our healthcare services thrive and knowing I have played a part in that success drives my passion for the role.