Description
Associate Vice President of Finance
Position Overview
The Associate Vice President Finance for the Vanderbilt University Adult Hospital (AVPFVUAH), provides financial management, budgeting, forecasting, analysis and support enabling Vanderbilt University Medical Center (VUMC)'s Adult Hospital (VUAH) to achieve operational, financial, and strategic goals and initiatives. Currently, VUMC has six hospitals; VUAH, Children's, Psychiatry and the three regional facilities. The Vanderbilt University Hospital is the largest of these facilities and provides the most complex quaternary care in the region with 726 beds and 46,000 discharges annually. Financial Management of the VUAH involves all aspects of its daily fiscal management in conjunction with VUMC corporate finance functions (Financial Reporting, Financial Planning and Analysis, Revenue Cycle, etc.) as an extension of the VUMC finance team, the AVPFVUAH will work in conjunction with senior division leadership and senior VUMC leadership, as needed.
Department Summary
The Adult Clinical Enterprise comprised of the adult hospitals and clinics is organized by Patient Care Centers (PCCs) and includes ten Financial Officers supporting the PCCs. The position will be responsible for coordinating with these PCC Financial Officers to support the overall operating financial performance of the adult clinical enterprise divisions including VUAH. A highly visible position within the organization, the AVPFVUAH serves as the key Finance support function for the President of the Vanderbilt University Adult Hospital and as an advisor to the VUAH leadership teams (COO, Chief of Staff, CNO, and Department Heads) both directly and through the PCC finance managers. The role directly oversees a finance staff of seven and indirectly coordinates with eight PCC financial managers.
JOB SPECIFICATIONS
- Career track of progressive, documented accomplishments in increasingly complex financial management roles in a large, complex organization or multi-facility enterprise. Ideal professional record demonstrates the capacity to establish leadership of a service-oriented function within a multi-faceted healthcare enterprise, preferably with some experience in an academic healthcare environment
- Skill to proactively advise and educate management on all aspects which financially impact the Vanderbilt University Hospital's operations. Demonstrated record of serving as an advisor to leadership on policies and financial operations. Leadership acumen to serve as a key member of the VUH's leadership team. The position will communicate with key individuals within VUMC Finance and as such must be skilled in working in a team-oriented and matrix environment.
- Management expertise to coordinate the financial operations of the VUH including financial budgeting and operational financial analysis. Demonstrated expertise to build and maintain key financial processes such as labor management and non-labor cost control. Ability to communicate financial information and collaborate with management regarding the business strategy for adult clinical services.
- Demonstrated leadership skills in the development, interpretation, coordination and communication of finance policies regarding financial reporting, budgeting, internal controls, compliance, and revenue capture.
- Leadership skill to facilitate business prioritization and resource allocation in conjunction with VUMC Finance. Ability to ensure the VUH complies with institutional closing calendar, budget guidelines, planning deadlines and reporting requirements.
- Possesses excellent written, oral and electronic communications skills along with strong leadership and financial planning skills.
- An analytic with the capacity to impose the discipline necessary to meet stretch financial goals. Proven financial analysis skills and extensive experience with a broad array of analysis strategies.
- Proven record for developing organizational talent, with ability to recruit, retain and develop high performing individuals aligned with the institution's goals and values. Provides continuous feedback, encouragement and coaching to employees.
- Skill to prepare reports for management outlining the adult hospital's financial position based on past, present, and future operations, including variance analysis of actual to budget performance.
- Ability to analyze and interpret data and develop clear and informative methods to present financial information, special projects and focused studies to executive leadership within VUH or the adult clinical enterprise divisions. Skill to present recommendations to leadership with respect to expense, labor management, etc. to support the adult clinical enterprise division's operational results, including benchmarking versus organization teams.
- Bachelor's degree in Accounting, Business or a related field. Master's degree in Business, Finance or Health Administration preferred. CPA, CFA or CMA license or the equivalent preferred. 8 years of prior health care finance management and leadership experience required. Preferable experience includes working executive leadership in supporting financial operations.
ADDITIONAL RESPONSIBILITIES - PEOPLE SPECIFICATIONS
- A self-starter who is intellectually curious, innovative, and excited about "creating" in a fast-paced environment.
- Superior communication skills; expert at translating and communicating complex financial and operational information to varying audiences.
- Ability to work in a highly-matrixed environment, and to receive direction from and build consensus with multiple sources.
- Strong emotional intelligence. A balance of wisdom and judgment with an ability to work independently with little direction.
- Demonstrated skill in navigating successfully through ambiguity and frequent change - agile and flexible as a leader, peer, coach and team member.
- Demonstrated commitment to diversity, bringing mutual respect for diverse cultures and inclusivity, a record of accomplishments in an environment with a rich mix of diversity.
- Strategic and future-oriented, with a tangible, demonstrated, robust commitment to the mission and growth strategies of VUMC.
- Understands and drives for excellence.
- The instinct to be politically astute, yet not political.
- Effective, creative and a problem-solver. Proven experience in making sound judgments in a complex environment. Possess the ability to analyze existing paradigms and create streamlined processes.
- Outstanding communication skills (written and oral); the ability to inspire and inform.
- A person who earns the trust of others through genuine engagement and demonstrated actions.
- A change agent with transformational management skills to lead within an evolving institutional environment.
- Leadership acumen and persona to serve as an effective sounding board to executives, possessing high leadership courage and willingness to speak with candor in an environment of trust and respect.
- Able to facilitate multiple competing priorities and divergent viewpoints, with attention to detail. Excellent follow through skills with record of responding to constituents in a timely way.
- The highest personal integrity and ethics.
Discover Vanderbilt University Medical Center:
Located in Nashville, Tennessee, and operating at a global crossroads of teaching, discovery and patient care, VUMC is a community of individuals who come to work each day with the simple aim of changing the world. It is a place where your expertise will be valued, your knowledge expanded and your abilities challenged. It is a place where your diversity -- of culture, thinking, learning and leading -- is sought and celebrated. It is a place where employees know they are part of something that is bigger than themselves, take exceptional pride in their work and never settle for what was good enough yesterday. Vanderbilt's mission is to advance health and wellness through preeminent programs in patient care, education, and research.
VUMC Recent Accomplishments
Because we are committed to providing the best in patient care, education and research, we are proud of our recent accomplishments:
* US News & World Report: #1 Adult Hospital in Tennessee and metropolitan Nashville, named to the Best Hospitals Honor Roll of the top 20 adult hospitals, 10 nationally ranked adult specialty programs, with 3 specialties rated in the top 10 nationally, Monroe Carell Jr. Children's Hospital at Vanderbilt named as one of the Best Children's Hospital in the nation, with 10 out of 10 pediatric specialties nationally ranked.
* Healthcare's Most Wired: Among the nation's 100 "most-wired" hospitals and health systems for its efforts in innovative medical technology.
* Becker's Hospital Review: named as one of the "100 Great Hospitals in America", in the roster of 100 Hospitals and Health Systems with Great Oncology Programs and to its list of the 100 Hospitals with Great Heart Programs.
* The Leapfrog Group : One of only 10 children's hospitals in the to be named at Leapfrog Top Hospital.
* American Association for the Advancement of Science : The School of Medicine has 112 elected fellows
* Magnet Recognition Program : Received our third consecutive Magnet designations.
* National Academy of Medicine: 22 members, elected by their peers in recognition of outstanding achievement
* Human Rights Campaign Healthcare Equality Index : 6th year in a row that Vanderbilt University Medical Center was a Leader in LGBTQ Healthcare Equality.
