Accounting & Finance Careers at Lifespan

Director of Finance Job

Job Number: LCS15138

Job Title: Director of Finance

Department: Accounting - 0014606

Facility: Corporate Headquarters

Location: Providence, RI

QUALIFICATIONS-EDUCATION: Bachelor of Science in Accounting or equivalent; CPA or MBA required. QUALIFICATIONS-EXPERIENCE: Ten years’ progressive health care financial and accounting experience, with at least three years’ supervisory responsibility Strong leadership, technology, analytical, and communication skills Knowledge of and aptitude for current regulatory and compliance practices
POSITION SUMMARY: Under general direction of the Vice President of Finance and the Executive Vice President/Chief Financial Officer, manage the system's financial affairs, directing and leading the functions and activities of general accounting, financial reporting, accounts payable, banking administration and cash receipts accounting, external compliance reporting, and non-patient billing. KEY ACCOUNTABILITIES: Consistently apply the corporate values of respect, honesty, and fairness and the constant pursuit of excellence in improving the health status of the people of the region through the provision of customer-friendly, geographically accessible, and high-value services within the environment of a comprehensive, integrated academic health system. Responsible for knowing and acting in accordance with the principles of the Lifespan Corporate Compliance Program and Code of Conduct. Directly or through subordinate managers/supervisors, interview, hire, and assign subordinate staff; provide guidance and counsel to subordinate staff; conduct periodic performance evaluations and recommend personnel actions; act as resource for staff; conduct periodic individual and/or group staff meetings; approve and submit payroll; provide and maintain subordinate staff development plans; develop standards for subordinate staff performance. Maintain departmental reports and records and direct the collection of statistical data for administrative and regulatory agencies. Serve as a consultant regarding the system's financial affairs, departmental needs, and problem resolution. Develop, maintain, and enforce the Finance Department’s policies and procedures. Plan and direct the financial reporting and accounting practices of the organization to ensure compliance with generally accepted accounting principles, as well as disclosure and regulatory requirements. Promote a customer service orientation within the Finance Department, reflecting a commitment to providing accurate, timely, and meaningful financial reports that meet the needs of all customers/users. Assure the financial integrity of Lifespan Corporation and Affiliates by maintaining a strong system of internal controls to safeguard assets and assess operating performance as compared to budget. Responsible for accounting for cash receipts of all affiliates. Work with applicable Directors within Patient Financial Services (PFS) to coordinate information flow between PFS and Finance. Develop/maintain cash receipts accounting procedures, credit card relationships, and lockbox structures across the system as needed. Accountable for the system’s non-patient billing function, including invoicing and accounting procedures, cash receipts posting, and follow up of unpaid invoices. Uphold effective working relationships with appropriate external parties, including Lifespan's investment custodian, independent auditors, regulators, banks, and other parties. Liaise with the Finance Committee of the Board of Directors. Direct the accounting operations of Lifespan's affiliated offshore captive insurance company, R.I. Sound Enterprises Insurance Co. Ltd. Maintain accounting and funding models and related estimates for health insurance and disability self-insurance reserves (IBNR). Responsible for Lifespan's quarterly and annual consolidated financial statement package for public distribution as mandated by the Continuing Disclosure Requirements included in the Lifespan Obligated Group's bond documents. Monthly, meet with the Director of Information Services (I/S) to obtain/analyze detailed information necessary for proper expense accruals/classification of the entire I/S budget in connection with the closing of the Lifespan Corporate Services financial statements. Responsible for monthly financial statements of Lifespan Management Services Organization. Establish and maintain accounting and financial reporting systems to meet the needs of Lifespan and its affiliates. Provide complete and accurate records of assets, liabilities, and financial transactions for all Lifespan entities. Plan, direct, and coordinate functions and activities in general accounting, financial reporting, accounts payable, banking administration, external compliance reporting, and non-patient billing. Evaluate procedures to improve methods for reducing costs of accounting operations and improve workflow on an ongoing basis. Participate in administrative staff meetings, meetings of applicable Lifespan Board Committees and quality improvement teams, and attend other meetings as needed. Participate in professional continuing education activities and maintain professional affiliations to keep abreast of related trends/changes, regulations, and legislation. Maintain quality assurance, safety, environmental, and infection control in accordance with established Lifespan department policies, procedures and objectives. Perform other related duties as required.