FAQs
What is the primary responsibility of the Director of Finance?
The primary responsibility of the Director of Finance is to direct the financial operations of the assigned area, providing strategic and tactical support to key stakeholders, including areas like physician compensation, accounting, and financial planning and analysis.
What educational qualifications are required for this position?
A Bachelor’s degree in Finance, Business, Accounting, or a related field is required for the Director of Finance position.
How much experience is needed for a candidate to apply for the Director of Finance role?
The position requires five to ten (5-10) years of experience in a Finance or Accounting role, with an additional two to five (2-5) years of experience in a healthcare-related industry preferred.
What specific skills are important for this role?
Important skills for the Director of Finance include excellent communication skills, the ability to build cross-functional relationships, strong problem-solving and analytical skills, proficiency in Microsoft Office Suite (especially Excel), and the ability to handle multiple tasks and maintain confidentiality.
What are some of the key tasks the Director of Finance will perform?
Key tasks include creating annual budgets and forecasts, monitoring operational efficiency, ensuring financial compliance, preparing financial reports and analysis, and supporting mergers and acquisitions.
How does the Director of Finance contribute to operational planning?
The Director of Finance creates annual budgets and ongoing forecasts to support operational planning and decision-making, identifies risks and opportunities, and provides recommendations to achieve targets.
What role does the Director of Finance play in compliance?
The Director of Finance monitors compliance with regulatory requirements, financial policies, and internal controls to ensure that all financial operations adhere to established standards.
In what ways will the Director of Finance engage with physicians and operations partners?
The Director of Finance will act as a trusted advisor, serve as the point of contact for inquiries and issues, and maintain a service-centric culture with key stakeholders.
Is travel required for the Director of Finance position?
Yes, travel as needed is expected as part of the responsibilities of the Director of Finance position.
What management responsibilities does the Director of Finance have?
The Director of Finance is responsible for selecting, training, and performance managing support staff to ensure the successful delivery of financial operations functions.