Care New England→
VP Finance at Care New England in US-RI-Providence
Job Description
VP Finance
About Us
Care New England Health System (CNE) and its member institutions, Butler Hospital, Women & Infants Hospital, Kent Hospital, VNA of Care New England, Integra, The Providence Center, and Care New England Medical Group, is a trusted, integrated health care organization that fuels the latest advances in medical research, attracts the nation’s top specialty-trained doctors, hones renowned services and innovative programs, and engages in the important discussions people need to have about their health and end-of-life wishes. Care New England is helping to transform the future of health care, providing a leading voice in the ongoing effort to ensure the health of the individuals and communities we serve.
Job Summary
The Vice President of Finance (VPF) serves as the senior financial leader for Women & Infants Hospital and is responsible for the overall financial management, reporting, budgeting, forecasting, financial analysis, and fiscal performance of the hospital. Reporting to the EVP, Chief Financial Officer of Care New England, the Vice President of Finance partners closely with the Hospital President, executive leadership team, operational leaders, and Corporate Finance to support the hospital's mission and strategic objectives.
The Vice President of Finance promotes a culture of financial accountability, operational excellence, data-driven decision making, and stewardship of organizational resources. The role provides strategic leadership and oversight of hospital financial operations while ensuring compliance with Care New England policies, regulatory requirements, and Generally Accepted Accounting Principles (GAAP).
The Vice President of Finance serves as the principal financial advisor to Women & Infants Hospital leadership and is accountable for the financial performance and long-term financial sustainability of the hospital.
Duties & Responsibilities
Financial Leadership
• Serve as the senior finance executive for Women & Infants Hospital.
• Partner with the Hospital President and executive leadership team to develop and execute financial strategies that support organizational goals.
• Provide strategic financial guidance and recommendations to hospital leadership.
• Foster a culture of accountability, transparency, and financial stewardship.
Financial Reporting and Analysis
• Oversee month-end financial review processes and ensure timely, accurate financial reporting.
• Lead analysis of operating results, financial trends, and key performance indicators.
• Present financial results, forecasts, and recommendations to hospital leadership, Care New England leadership, and governing bodies as appropriate.
• Ensure the integrity and accuracy of financial information used in decision making.
Budgeting and Forecasting
• Direct the development and administration of the annual operating and capital budgets.
• Oversee long-range financial forecasts and financial projections.
• Establish budget guidelines, timelines, and performance expectations.
• Monitor performance against budget and implement corrective action plans when necessary.
• Collaborate with operational leaders to identify opportunities for revenue enhancement, productivity improvement, and expense management.
Operational Finance Oversight
• Monitor hospital labor productivity management, labor performance, staffing metrics, volumes, and operational performance indicators.
• Lead financial reviews with department leaders and executive management.
• Support development and implementation of financial improvement initiatives.
• Evaluate financial implications of operational and strategic initiatives.
• Oversee financial analyses and business cases for new programs, services, and capital investments.
Financial Controls and Compliance
• Ensure compliance with GAAP, organizational policies, and regulatory requirements.
• Maintain effective internal controls and financial oversight processes.
• Partner with Corporate Finance and General Accounting to support audits and financial reporting requirements.
• Ensure appropriate financial policies and procedures are established and maintained.
Leadership and Team Development
• Provide leadership, direction, and oversight to the Women & Infants finance team.
• Develop a high-performing finance organization focused on service, accountability, and continuous improvement.
• Establish performance expectations and support professional development of team members.
• Promote collaboration between finance, operations, clinical leadership, and system departments.
Strategic Partnerships
• Collaborate with Revenue Finance, Supply Chain, Human Resources, Operations Excellence, and Information Services to improve financial performance and operational effectiveness.
• Serve as the primary financial liaison between Women & Infants Hospital and Care New England corporate finance functions.
• Support evaluation of new business opportunities, service expansions, capital projects, and operational initiatives.
• Partner with research and operational leadership to monitor financial performance of funded programs and initiatives.
Requirements
• Bachelor's degree required, Master's degree preferred.
• Certified Public Accountant (CPA) preferred.
• Minimum of ten (10) years progressive financial leadership experience.
• Minimum of five (5) years in a senior healthcare finance leadership role.
• Acute care hospital finance experience strongly preferred.
• Experience leading budgeting, forecasting, financial reporting, productivity management, and operational finance functions.
• Thorough understanding of healthcare finance and reimbursement methodologies.
• Strong knowledge of hospital operations, budgeting, forecasting, and financial reporting.
• Demonstrated leadership and team development skills.
• Excellent strategic, analytical, and problem-solving capabilities.
• Strong communication and presentation skills.
• Ability to influence and partner with executive leadership and operational teams.
• Experience with labor productivity management, financial planning, budgeting, decision support, and productivity systems.
• Knowledge of regulatory and financial reporting requirements applicable to healthcare organizations.
Americans with Disability Act Statement: External and internal applicants, as well as position incumbents who become disabled must be able to perform the essential job-specific functions either unaided or with the assistance of a reasonable accommodation, to be determined by the organization on a case-by-case basis.
EEOC Statement: Care New England is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status
Ethics Statement: Employee conducts himself/herself consistent with the ethical standards of the organization including, but not limited to hospital policy, mission, vision, and values.