Job Description

La Rabida Children’s Hospital is hiring an Executive Director of Finance for the finance department in Chicago, IL.

At La Rabida Children’s Hospital, our mission is simple: we’re dedicated to maintaining and improving the quality of life for each of our patients with complex conditions, disabilities, and chronic illnesses. The path to completing this mission, however, is often complicated. Fortunately, we’ve got the best team around. If you are looking for your next career opportunity to partner with a compassionate multidisciplinary collaborative team, we have the job for you!

The Executive Director of Finance will work collaboratively with the Vice President of Finance and closely with the Executive Leadership team. Direct and implement all aspects of financial strategy and activities for the purpose of leading the Hospital toward the achievement of its mission, annual goals, objectives, and Core Values. Collaborate with the Hospital Leadership team to develop and implement short and long-term strategic, operational, and financial plans for their respective departments.

• Lead the Finance and Patient Financial Services teams, fostering a culture of accountability, excellence, collaboration, and continuous improvement.
• Manage relationships with external stakeholders, including auditors, financial institutions, key suppliers, and referring hospital partners.
• Responsible for the effective development and execution of fiscal strategy, leading the budgeting process for operating and capital budgets, revenue and expense management.
• Ensure that the organization’s financial systems are efficient, reliable, user-friendly, and cost-effective.
• Create new and improved systems and processes that maximize current technological resources to meet operational and business needs.
• Ensures the integrity and internal financial controls for the hospital’s accounting process are current, effectively documented, and well understood by the Finance team staff and Hospital leadership.
• Oversee the preparation of monthly, annual, and ad hoc financial statements and reports and critical analyses of performance across all hospital service areas.
• Direct operations for the Hospital's revenue cycle, including billing, denial, collections, and reimbursement processes, to ensure the Hospital is maximizing its Patient Care Revenue.
• Analyzes and interprets financial information and assesses operational plans, forecasts, and potential risks; evaluates alternative courses of action.
• Recommend strategies and tactics to improve performance.
• Accountable for all restricted funding, including assuring compliance with sponsor requirements, accounting, reporting, and grants management.
• The position supervises the development of the quarterly reporting for the La Rabida Board Audit and Board Finance committee meetings and co-presents the information at each meeting.
• Responsible for ensuring timely, accurate, and proper bi-weekly payroll preparation and processing, including the remittance of taxes, regulatory reporting, and garnishments.
• Supervises the preparation of all annual external audits and tax filings, and cost report activities.
• Monitors major project expenditures and provides reports to enable reporting to funding agencies.
• Completes all required regulatory agency surveys, questionnaires, and report filings, such as: American Hospital Association (AHA), Illinois Department of Public Health (IDPH), Children’s Hospital Association, Community Health Needs Assessment, and the Children’s Hospital Graduate Medical Education (CHGME) reports.
• Performs other duties as assigned.

This position description provides the major duties/responsibilities, requirements, and working conditions for the position. It is intended to be an accurate reflection of the current position; however, management reserves the right to revise or change as necessary to meet organizational needs. Other responsibilities may be assigned when circumstances require.

Education: A Degree in accounting, business, or an equivalent education experience is required. An advanced degree in finance, health care administration, or a related field is a plus.

Related Work Experience: A minimum of ten (10) years of progressively responsible leadership/supervisory experience. Extensive accounting experience in for-profit and non-profit organizations, preferably within the healthcare industry. Experience with Workday, Epic, or Stratajazz is a plus.

Specialized Knowledge and Skills: Excellent analytical and problem-solving skills, ability to work independently and as a team to solve problems and raise issues and drive continuous improvement. Attention to detail and ability to work accurately under tight deadlines. Strong quantitative and qualitative analysis skills; able to take complex information and present it in a clear and concise manner. Excellent written and oral communication skills are essential. Must be able to articulate issues in a precise, substantive manner.

• Competitive Salary
• Medical, Dental, and Vision
• Pet Insurance
• Flexible Spending Account (FSA)
• Life & Disability Insurance
• Retirement Savings Plans & Matching
• Employee Assistance Program (EAP)
• Paid Time Off
• Free Parking
• Free Lunch every last Friday of the month in the hospital cafeteria

Compensation Information:
Pay Range: $150 - $225k.

La Rabida is a place unlike any other. We understand the needs of families with children dealing with the most serious or complicated of conditions. With teams of the best healthcare providers in Chicago, we give continuous, comprehensive care, education, and support, helping families face their unique obstacles head-on.

La Rabida Children’s Hospital is very proud to be an Equal Employment Opportunity Employer.

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