Director Of Financial Operations - Hybrid

This is a hybrid position based at our beautiful corporate office located in Brentwood, TN, with on-site work required Monday through Wednesday.

DUTIES AND RESPONSIBILITIES

Financial Strategy and Planning

Lead the development and implementation of financial strategies that support the organization's objectives, both short-term and long-term.

Provide financial insights and recommendations to senior leadership to drive decision-making, focusing on cost optimization, revenue generation, and sustainable growth.

Work closely with the executive team to align financial goals with the overall business strategy, ensuring proper resource allocation and efficient operational planning.

Develop, review, and update the organization's annual budget and financial forecasts in coordination with other departments and management teams.

Financial Reporting and Analysis

Oversee the preparation of accurate financial statements, reports, and analyses, including income statements, balance sheets, and cash flow statements.

Ensure that financial reporting is compliant with healthcare regulations and accounting standards, such as GAAP or IFRS.

Conduct regular financial performance reviews and analysis, identifying areas for cost savings, revenue improvement, and other operational efficiencies.

Provide insightful and actionable financial reporting to senior leadership and stakeholders, translating complex financial data into easily understood recommendations.

Budgeting and Forecasting

Lead the budgeting process, ensuring that budgets are in line with organizational goals and reflect the operational needs of various departments.

Monitor and manage variances from the budget, offering corrective actions and adjustments as needed.

Work closely with department heads to ensure accurate forecasting and tracking of expenses and revenues.

Cash Flow and Risk Management

Oversee cash flow management, ensuring the organization has sufficient liquidity to meet operational needs and financial obligations.

Develop and maintain financial models that assess liquidity, solvency, and financial risks, and implement strategies to mitigate potential risks.

Manage relationships with financial institutions, lenders, and other stakeholders involved in financing and investment activities.

Compliance and Regulatory Oversight

Ensure compliance with all healthcare financial regulations, such as HIPAA, Medicare/Medicaid reimbursement guidelines, and any other industry-specific standards.

Stay up to date on changes to healthcare legislation and accounting standards to ensure the organization's financial practices remain compliant.

Oversee the preparation of financial documentation for external audits, tax filings, and regulatory reporting.

Team Leadership and Development

Manage, mentor, and develop the finance team, providing guidance on financial best practices and professional development opportunities.

Foster a collaborative and productive environment within the finance department and across departments, ensuring clear communication and alignment of financial goals.

Encourage and drive continuous improvement in financial systems, processes, and reporting to streamline workflows and enhance team performance.

Cost Control and Operational Efficiency

Implement financial controls and procedures to monitor and track spending, ensuring effective cost management and avoidance of unnecessary expenditures.

Evaluate and streamline financial processes, utilizing technology to improve efficiency, reduce errors, and provide more real-time insights into financial performance.

Work with other departments to identify opportunities for improving operational efficiencies that can enhance the organization's financial position.

QUALIFICATIONS

Education

Bachelor's degree in Finance, Accounting, Business Administration, or a related field.

Master's degree or CPA preferred.

Experience

8+ years of experience in financial management, with at least 3 years in a senior leadership role, preferably in the healthcare sector.

Experience with financial reporting standards (GAAP, IFRS) and healthcare regulations (HIPAA, Medicaid/Medicare compliance).

Experience with budgeting, financial forecasting, and cash flow management in a healthcare setting.

Proven experience managing cross-functional teams and collaborating with other departments, such as operations, compliance, and clinical staff.

License(s)/Certification(s)

Certification in financial management (e.g., CPA, CFA, CMA) is a plus.

Knowledge/Skills/Abilities

Strong understanding of healthcare finance, including reimbursement processes, payer models, and regulatory requirements.

Proficiency in financial software and systems (e.g., ERP, financial modeling tools, Microsoft Excel).

Familiarity with healthcare-specific financial systems and software, such as EPIC, Cerner, or similar platforms.

CORE COMPETENCIES

Strategic Thinking

Ability to align financial strategies with the organization's long-term goals, focusing on growth and sustainability.

Leadership

Proven ability to lead and develop teams, fostering a collaborative and results-driven environment.

Analytical Skills

Expertise in financial analysis, forecasting, and performance monitoring to drive informed decision-making.

Communication

Strong verbal and written communication skills to effectively present complex financial information to non-financial stakeholders.

Problem Solving

Ability to identify and address financial challenges, implementing effective solutions in a timely manner.

Attention to Detail

Exceptional attention to detail in financial reporting, ensuring accuracy and completeness of all financial data.

Technological Proficiency

Comfort with financial software and systems, as well as the ability to implement technology solutions to improve financial processes.

WORKING CONDITIONS

Physical Requirements

Physical Requirements- Occasionally 0 - 33% / Frequently 34 - 66% / Constant 67 - 100%

Talk / Hear- Constant

See- Constant

Sit- Constant

Repetitive Use of Hands- Constant

Hazards and Atmospheric Conditions

Normal Office Surroundings- Selected

COMPETENCIES

Agility

Resourcefulness: Adapts quickly to changing circumstances; cleverly navigates obstacles and constraints.

Manages Uncertainty: Comfortable when things are in flux; readily shifts approach or behavior to fit changing circumstances.

Bias to Action

Action Oriented: Propensity to act or decide and move forward with a logical approach; can decide and act without having the total picture.

Delivering Results: Strives for high levels of achievement; maintains a clear and steady focus on meeting goals, despite obstacles; is resilient when encountering setbacks.

Customer Focus

Identifying with Customers: Understanding who the external and internal customers are and what they value.

Managing Complexity

Essence: Extracts the core meaning out of complex situations; can separate the important from the noise when problem solving; hunts for the root cause of successes and failures.

Manages Conflict: Can hammer out tough agreements and settle disputes equitably. Stays positive, constructive, and respectful, even in disagreements or conflicts.

Capability Building

Helps Others Succeed: Steps aside and lets others shine; serves as a mentor and coach; helps others apply their strengths and shore up on their weaknesses.

Interpersonal Impact

People Smart: Reads people well; can articulate the qualities, perspectives, strengths, and weaknesses of others.

Influence: Even without direct authority finds common ground and win/win solutions; gaining alignment on the path forward.

Strategic Vision

Inspires Others: Creates common purpose/shared mindset; raises others' confidence to tackle challenges; promotes high level of energy and excitement.

Visioning: Can anticipate future consequences and trends; articulately paints credible pictures of possibilities and likelihoods.

Disclaimer

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

Benefits:

• Comprehensive health, dental, and vision insurance
• Health Savings Account with an employer contribution
• Life Insurance
• PTO
• 401(k) retirement plan with a company match
• And more!

ENVIRONMENTAL/WORKING CONDITIONS: Normal busy office environment with much telephone work. Possible long hours as needed. The description is intended to provide only basic guidelines for meeting job requirements. Responsibilities, knowledge, skills, abilities and working conditions may change as needs evolve.

• If you are viewing this role on a job board such as Indeed.com or LinkedIn, please know that pay bands are auto assigned and may not reflect the true pay band within the organization.
• No Recruiters Please