Assistant Chief Financial Officer at Morgan Consulting Resources, Inc. - Healthcare Executive Search

Morgan Consulting Resources is an executive search firm focusing on the Healthcare Industry for almost 30 years. We have been retained to conduct the search for the Assistant Chief Financial Officer for El Camino Health Medical Network. The position is based in Los Gatos, CA. This is an exceptional opportunity to join a quickly expanding organization and help spearhead the development of a robust and strategic finance function, driving El Camino Health Medical Network’s growth.

About the Organization:

El Camino Health Medical Network, a leading/growing physician organization and an affiliate of El Camino Health, is a California Medical Foundation and currently operates 19 community-based ambulatory care clinics and medical practices in Los Gatos, San Jose, Cupertino, and Mountain View. With a commitment to teamwork and quality, together we can offer exceptional care to our patients. ECHMN seeks to coordinate care that best fits the needs of the communities we serve, with like-minded people who want to simplify the healthcare experience.

About the Position:

The Assistant Chief Financial Officer collaborates with the Chief Financial Officer and assumes responsibility for the ongoing effective operation of the department by exerting a leadership role that supports the organization, mission, vision, goals, and objectives while focusing on the patient, physicians, providers, employees, supporting entities, and the community as customers. The Assistant Chief Financial Officer has ongoing accountability for the continuous assessment, improvement, coordination, and integration between ECHMN and El Camino Health’s financial functions. The Assistant Chief Financial Officer is accountable for the department’s direction and coordination.

The ideal Assistant Chief Financial Officer is a collaborative leader, able to work effectively with diverse teams and build strong relationships across departments and the health system. They possess excellent communication skills, both written and verbal, and demonstrate the ability to mentor and coach staff. A deep understanding of healthcare finance, including budgeting, financial analysis, and regulatory compliance, is essential. In addition to their financial expertise, the Assistant Chief Financial Officer must be highly organized, with strong project management skills and the ability to prioritize and manage multiple tasks simultaneously. They should be proactive in identifying opportunities for improvement and implementing solutions that enhance financial performance. Ultimately, the ideal candidate is a dedicated and ethical financial professional, passionate about supporting the organization’s mission and contributing to the overall success of ECHMN.

Duties & Responsibilities:

• Work with leadership team to develop, plan, and execute short, medium, and long-range organization strategies; ensure the development and implementation of associated business plans, tactics, and policies as they relate to finance.
• Provide strategic financial input and leadership on decision making to the leadership team and the Board.
• Lead development and implementation of performance measures and enhance processes that drive accountability measurements throughout the organization.
• Analyze daily operating results to ensure that revenues, expenses, and labor are within budgeted objectives; advise department leaders 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 organization 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.

Education & Experience:

• Bachelor’s degree in Accounting or Finance required.
• An MBA, MHA and/or CPA designation is preferred.
• At least five years of progressive financial healthcare or equivalent experience in the areas of general accounting; operations; financial systems; financial statement preparation; review and analysis; multi-discipline management experience; and ethics in a medical foundation, medical group, managed care, or provider organization required.
• Substantial financial management experience including financial operations, strategic and financial planning, contracts, reimbursement, budgeting, and capital financing in a complex environment including investment experience required. Excellent management, leadership, and coaching skills including setting vision and direction for finance functions and implementing objectives for the function and organization.

Knowledge, Skills, and Abilities:

• Excellent analytical and organizational skills including systemic thinking and being a data driven decision maker who is able to find the root cause of issues and the related impacts.
• Proven sound business judgment and excellent analytical and problem-solving skills and organization skills.
• Knowledge of accounting principles and systems to maintain general ledgers and journals and prepare related financial statements and reports.
• Knowledge of physician/provider group performance metrics and compensation and performance practices.

Salary range: A reasonable starting salary expectation is between $250,000 and $325,000, based upon related/relevant experience and internal equity.