Assistant Chief Financial Officer (ACFO)

Who We Are:

People are our passion and purpose. Come work where you are appreciated for who you are not just what you can do. Lake Cumberland Regional Hospital is a modern, state-of-the-art 295-bed acute care facility, offering an advanced neurosurgery program with Spine Center accreditation amongst other specialty services. 

Where We Are:

The City of Somerset blends southern hospitality with abundant recreational opportunities including a 65,000-acre lake with 1,200 miles of shoreline.  Somerset is host to nationally recognized, high quality performing and visual arts, concerts and other special events to the community.

Why Choose Us:

• Health (Medical, Dental, Vision) and 401K Benefits for full-time employees
• Competitive Paid Time Off / Extended Illness Bank package for full-time employees
• Employee Assistance Program – mental, physical, and financial wellness assistance
• Tuition Reimbursement/Assistance for qualified applicants
• Professional Development and Growth Opportunities
• And much more…

Position Summary:

The Assistant Chief Financial Officer (ACFO) assists in overseeing accounting and financial reporting functions, preparing and analyzing monthly financial statements, and supporting the preparation and monitoring of annual and monthly operating budgets. Under the direction of the CFO, this role is directly responsible for daily financial operations, financial statement preparation and analysis, and cash management.

Required Skills:

• Strong knowledge of generally accepted accounting principles (GAAP)
• Strong analytical, quantitative, and problem-solving skills
• Excellent verbal and interpersonal communication skills
• Leadership ability with a hands-on, team-oriented approach
• Ability to interpret financial data and identify trends
• Knowledge of hospital financial operations, reimbursement, and reporting
• Ability to work in a fast-paced, high-accountability environment

Essential Functions:

• Assist the CFO in administering general accounting, patient business services, third-party reimbursement, and financial/statistical reporting functions
• Prepare, analyze, and monitor monthly financial statements and operating budgets
• Assist in development of long- and short-range operational and financial plans
• Monitor hospital financial performance and identify trends, risks, and opportunities
• Recommend and support budget modifications and departmental budget development
• Direct preparation of internal financial reports and audit work papers
• Maintain subsidiary financial records and prepare financial statements
• Implement and monitor accounting controls and procedures
• Supervise facility-level Controllers and provide leadership and performance oversight
• Support ethics and compliance initiatives in alignment with company standards
• Assist in cost reduction strategies and revenue enhancement initiatives
• Ensure timely submission of required financial reports to government and regulatory agencies
• Provide oversight or support for data processing, materials management, and medical records functions
• Act with full authority of the CFO in their absence
• Perform other duties as assigned

Non-Essential Functions:

• Position serves both internal co-workers and external customers, clients, and contractors
• Access to and/or works with sensitive and/or confidential information
• Perform other duties as assigned

Physical and Mental Demands:

• Ability to work in a fast-paced environment with multiple priorities
• Strong attention to detail and analytical focus
• Ability to maintain confidentiality and exercise sound judgment
• Prolonged periods of sitting, working at a computer, and analyzing data

Education:

• Bachelor’s Degree in Accounting or Finance required

Minimum Qualifications (Experience, Education and Certifications):

• CPA or Master’s Degree strongly preferred
• Minimum of 3 years of experience at the Controller level in an acute-care, for-profit hospital required
• Strong leadership presence with a hands-on, team-oriented approach
• Approachable, collaborative, and professional demeanor

EEOC Statement

Lake Cumberland Regional Hospital is committed to providing Equal Employment Opportunities for all applicants and employees and complies with all applicable laws prohibiting discrimination against any employee or applicant for employment be