Assistant Chief Financial Officer – DMC Children’s Hospital of Michigan

MARKET SUMMARY:

Michigan Group 

DMC Children’s Hospital of Michigan, Detroit and Troy, Michigan 

Since 1886, the Children's Hospital of Michigan has been dedicated to providing the highest quality of care to children and adolescents in a caring, efficient and family-centered environment. A proud member of the Detroit Medical Center (DMC), the Children's Hospital of Michigan is the first children's hospital in the state. This 228-bed facility has an international reputation in pediatric medicine, surgery and research, training more pediatricians than any other facility in Michigan.
The Children's Hospital of Michigan engages in groundbreaking research that has long shaped the science of pediatric medicine. The hospital is ranked as one of America's best pediatric hospitals by U.S.News & World Report and Parent Magazine.  The hospital offers outpatient specialty and rehabilitation centers  in Canton, Clinton Township, Dearborn, Detroit, Novi, Southfield and Troy.
The Children's Hospital of Michigan is specifically designed to cater to pediatric patients, from our kid-friendly emergency room, to our inpatient facilities with features created just for children. With playrooms, activity centers, computer labs, a library and classrooms, the facility makes a child's temporary transition from home to hospital easy with remarkable attention to detail.

Children's Hospital of Michigan will improve the health and well-being of all children and their communities by advancing the science and practice of pediatric health care and through advocacy efforts.

The pediatric medical and surgical specialties share common values --- to provide the highest quality of care for children, to inform that care through research innovations, and to ensure that children have access to the care they need.

Through an academic affiliation with Wayne State University and Michigan State University, Children’s Hospital of Michigan is an innovator in education and research.

From appendectomies to transplants, the Children’s Hospital of Michigan is proud to offer the state’s widest range of pediatric surgery options with a multidisciplinary team of health care providers delivering an unparalleled level of pediatric surgical care.  https://www.childrensdmc.org/

POSITION SUMMARY:

The Assistant Chief Financial Officer collaborates with the facility Chief Financial Officer and assumes responsibility for the ongoing effective operation of the department by exerting a leadership role that supports the hospital, mission, vision, goals and objectives while focusing on the patient, physicians, employees, volunteers and the community as customers.  The Assistant Chief Financial Officer has ongoing accountability for the continuous assessment, improvement, coordination and integration into the hospital’s financial functions.  He/she is accountable for departments’ direction and coordination.

FUNCTIONAL EXPECTATIONS & REQUIREMENTS: 

The Assistant Chief Financial Officer has responsibility for supporting the Chief Financial Officer in all efforts to ensure the financial viability of the hospital network by establishing and monitoring financial plans and budgets, and managing the financial affairs of the hospital network according to business unit goals, sound business practices, corporate and hospital policies, and according to various government regulatory requirements. 

As such, the Assistant CFO’s responsibilities are to:

• Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives; advise department heads and administration of needed changes and improvements in a timely manner.
• Establish and maintain sound financial controls and record keeping.
• Keep abreast of government regulatory requirements and the rapidly changing reimbursement environment to develop and implement changes to policies and procedures as needed.
• Ensure that the financial operations of the hospital network are carried out in an ethical, responsible manner.
• Establish and monitor the annual operating budget according to sound budgeting principles and corporate guidelines.  Interface with Human Resources and other appropriate departments in the preparation of work force plans and salary and benefit proposals.
• Evaluate the hospital