Chief Operating / Financial Officer - Full Time

Description

Job Summary

Reporting to the CEO, the Chief Operating-Financial Officer (COFO) is responsible for overseeing day-to-day hospital operations and supporting the strategic direction of the facility. This role ensures the delivery of high-quality, cost-effective care while fostering a culture of excellence and collaboration. The COFO provides leadership to staff and departments, promotes MMH’s mission and values, and works closely with the CEO to drive performance, patient satisfaction, and community engagement. Responsible for the overall financial performance, principles, theories, and concepts related to financial matters at Minidoka Memorial Hospital.

Duties and Responsibilities

Operations

• Establish a plan to address productivity, operational performance, staff retention, and satisfaction.
• Demonstrates high visibility, consistently interacting with key stakeholders to inform, advise, listen, encourage, and challenge (e.g. routine rounds with employees, physicians, patients, etc.).
• Optimizes financial and human resources by overseeing day-to-day operations in a high-quality and cost-conscious manner (e.g. maintains appropriate staffing ratios, oversees throughput in high-volume departments, actively manages quality initiatives, leads successful supply cost initiatives).
• Clearly understands and communicates the Balanced Scorecard metrics and targets to the organization (e.g., reviews performance and builds action for lagging areas with Administration and Department Directors/Managers).
• Demonstrates high level complex problem-solving abilities (e.g., identifies drivers of service line losses and potential areas of improvement).
• Understands business development and physician recruitment strategies that lead to competitive advantage.
• Understands financial indicators/levels and delivers year-over-year improved financial performance.
• Uses financial and productivity analysis vs. anecdotes to make decisions (e.g., continually reviews cost and productivity reports and directs efforts for improvement in targeted areas of opportunity).
• Provides ongoing feedback, measurement, and assessment process that measures performance to plan and cause course correction for direct reports. 
• Capable of working with staff and assisting them in their continued development, as well as enhancing their performance in a supportive team environment.
• One who is open to change and new information, adapting behavior and work methods in response to new information, changing conditions, or unexpected obstacles. Someone who adjusts rapidly to new situations warranting attention and resolution.
• A high orientation to detail with proven analytical and financial skills.

Financial

• Oversees and directs treasury, budgeting, audit, accounting, purchasing, real estate, long range forecasting, and insurance activities for the organization.
• Directs the controller in providing and directing procedures and computer application systems necessary to maintain proper records and to afford adequate accounting controls and services.
• Appraises the organization's financial position and issues periodic reports on organization's financial status.
• Directs and coordinates the establishment of budget programs.
• Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.
• Oversees and directs the preparation and issuance of the annual cost reports and audit.
• Evaluates and recommends business partnering opportunities.
• Establishes and maintains contacts with financial institutions and the investment community.
• Oversees specific departments as appointed by the CEO.
• Directs the preparation of short-term and long-range plans and budgets based on short and long term goals and growth objectives.
• Establishes operating policies within areas of responsibility, consistent with the CEO’s broad policies and objectives and ensures their execution.
• Evaluates the financial results of overall operations regularly and systematically and reports these results to the CEO and Board of Trustees.
• Ensures that the responsibilities, authorities, and accountability of all direct subordinates are defined and understood.
• Ensures that all organization activities and operations are carried out in compliance with local, state, and federal regulations and laws governing business operations.
• Actively engage in quality improvement activities.

Requirements

Minimum Requirements

Bachelor’s Degree in Accounting from an accredited college/university or a related Bachelor's.

3 Years of ongoing involvement in community or professional affiliations 

5-7 years of progressive management exper