Job Description

Position Summary:

The Executive Director of Finance is a senior leadership role responsible for overseeing financial operations across the entire MemorialCare Health System. This position reports directly to the Chief Financial Officer (CFO) and plays a critical role in strategic financial planning, regulatory compliance, and high-level financial reporting. The Executive Director ensures that financial practices support the organization's mission of delivering high-quality, cost-effective healthcare throughout California.

Key Responsibilities:

• System-Wide Financial Oversight: Lead and manage financial operations across all MemorialCare entities, including hospitals, medical groups, and affiliated services.

• Strategic Planning & Forecasting: Collaborate with the CFO and executive leadership to develop long-term financial strategies, capital plans, and operational budgets aligned with organizational goals.

• High-Level Financial Reporting: Prepare and present comprehensive financial reports to the CFO and executive team, including performance metrics, variance analyses, and recommendations for improvement.

• Regulatory Compliance: Ensure full compliance with California healthcare financial regulations, including state-specific reporting requirements, reimbursement policies, and audit standards.

• Budget Development & Management: Direct the annual budgeting process, monitor expenditures, and manage financial performance to meet or exceed targets.

• Operational Efficiency & Cost Management: Identify opportunities for cost reduction and revenue enhancement across departments. Lead initiatives to improve financial processes and systems.

• Leadership & Collaboration: Serve as a key advisor to the CFO and collaborate with clinical and administrative leaders to support financial decision-making. May oversee finance department staff and support their professional development.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or Healthcare Administration (MBA, MHA, or CPA strongly preferred)
• Minimum of 10 years of progressive financial leadership experience in a healthcare setting, preferably within a hospital system
• Deep understanding of California healthcare regulations and financial reporting standards
• Proven ability to lead complex financial operations and present to executive leadership
• Strong analytical, communication, and strategic thinking skills

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