The U.S. Department of Homeland Security recently issued an emergency advisory about an elevated threat of cybersecurity attacks targeting hospitals and health care systems in the U.S. These threats can come by phone calls, text messages or emails.
ChristianaCare advises that everyone be alert to potential phone, email and text-messaging scams. If you receive a suspicious phone call, text message or email from ChristianaCare that asks you to make a financial transaction or to provide personal information, please visit www.christianacare.org or call 302-327-5555 and ask to speak to someone from the department or service that contacted you.
Under the direction of the SVP Finance, this position is responsible for the strategic leadership and oversight of Treasury Services for ChristianaCare. Incorporating the strategic goals of ChristianaCare's Executive Leadership into the short- and long-range Treasury planning process will be facilitated under the direction of this position. In addition, with the oversight of the Treasury support functions, this position will ensure timely and effective decision-making for all Leadership levels in support of the Strategic Vision of ChristianaCare. To stay abreast of all significant internal and external factors impacting treasury operations of the health system and to promote the organizational vitality goals of the health system. The VP of Finance will actively participation in various executive and operational steer committees is required.
Treasury management, including both assets and debt liabilities, are managed by Christiana Care Health System's Board of Directors, the Investment Committee, and the Finance Committee. Actions require strict adherence to guidelines and many transactions require approval by the Board and Committees. In addition, these assets and debt liabilities require an annual external audit by our audit partner PwC. PwC renders an opinion as to whether the consolidated financial statements are free from material misstatement. Significant footnote disclosures are required for these asset and debt liabilities.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Partners with direct reports to ensure their teams can fully practice the behaviors of Love and Excellence.
Partners with direct reports to ensure a productive and psychologically safe environment exists in order to allow all department staff to deliver their full expert potential in the fulfillment of their functions.
Partners with direct reports to ensure staff is provided with the knowledge, education and tools to timely and efficiently complete functions to support the goals of the health system.
Prepares presentations and meeting materials for the Investment and Finance Committees of the Board and any necessary meeting materials for the Christiana Care Health System Board related to the areas of Treasury Services.
Develop and maintain a treasury strategy as it relates to both assets and debt liabilities. Maintain strong relationships with Commercial Banking and Investment partners. Identify areas for treasury enhancements and needs throughout the entire health system.
Monitor daily cash, liquidity, and debt ratios. Manage cash huddles and communicate relevant information to key Finance individuals.
Develop and maintain cash forecasting models.
Monitor banking and investment compliance with contracted vendors including performance and fees. Manage agreements and contracts with vendors.
Maintain online banking portals, signature card and compliance, and other required banking and investments authorization requirements. Maintain summary document of all accounts, key contacts and authorized signatories.
Remain educated on best practices including PCI compliance and other regulatory requirements that maintain and improve the system of internal controls. Safeguard the assets of the Health System.
Monitor Key Performance Indicators for balance sheet assets and liabilities.
Ensure all Balance Sheet reconciliations are completed timely and properly documented. Unresolved issued should be documented and remediated in a timely manner.
Facilitate bond issuance and/or other debt instruments. Maintain required quarterly and annual reporting including required disclosure filing. Assist with materials needed for key presentations to rating agencies, boards and committees.
Actively manage and provide oversight for Unclaimed Property (Escheat).
Facilitates the professional working relationships with internal audit and external treasury contacts. Work with Internal Audit to ensure proper internal controls are in place.
Provides treasury expertise and services for planning activities for expansion of operations, joint ventures, mergers, acquisitions and innovative partnerships.
Work with external auditor, PwC on all necessary on annual external audit. PwC renders an opinion as to whether the consolidated financial statements are free from material misstatement. Significant footnote disclosures are required for asset and debt liabilities.
Provides expert education for organization vitality and healthcare treasury financial needs to system Leaders.
Manage Cash Posting team for interim period and during necessary banking optimization and automation projects. Projects to focus on modernizing Revenue Cycle cash processes including point of service collections.
Utilize Key Performance Indicators to monitor Revenue Cycle cash posting. Monitor resolution of unreconciled cash posting and communicate areas of concern.
Develop point of service goals and work with Health System Leaders to exceed expectations and increase point of service collections from current performance levels.
Enhance and manage payment programs including current Commerce Platform. Enhance return and decrease fees. Work with Accounts Payable on best practices and education.
EDUCATION AND EXPERIENCE REQUIREMENTS
Bachelor's degree in Accounting and/or Finance required.
CPA and/or M.B.A., highly desired.
Minimum of 12 years of experience with Acute Hospital Finance, Accounting, and Financial Revenue Cycle Operations. Hospital Treasury Services highly desired.
Strong understanding of Hospital Net Revenue Accounting.
Strong understanding of Hospital Cash Posting in a complex health system.
Internal Number: JR54986
About Christiana Care Health System
Christiana Care Health System is headquartered in Wilmington, Delaware and is one of the country's largest health care providers, ranking 21st in the nation for hospital admissions. Christiana Care is proudly a Nurse Magnet recognized institution. Christiana Care Health System is also one of the largest health care providers in the mid-Atlantic region, serving all of Delaware and portions of seven counties bordering the state in Pennsylvania, Maryland and New Jersey. A not-for-profit, non-sectarian health system, Christiana Care includes two hospitals with more than 1,100 patient beds, and is a major teaching hospital with two campuses. Christiana Care is continually recognized for excellence on a regional and national level. Our role in the community is expressed in the Christiana Care Way: "We serve our neighbors as respectful, expert, caring partners in their health. We do this by creating innovative, effective, affordable systems of care that our neighbors value."Christiana Care is a great place to work because we value diversity and recognize it to be a core part of our success. Because of the diversity of our employees, affiliated health professionals and volunteers, we are... positioned to meet the unique needs of our patients and community. We acknowledge and celebrate the uniqueness and talent of each employee. Because of our talented workforce we are able to provide a quality healthcare experience to our patients and community. We strive to create an inclusive environment in which individual diversity can be leveraged and thrive. Christiana Care Health System is an equal opportunity employer, firmly committed to prohibiting discrimination, whose staff is reflective of its community and considers qualified applicants for open positions without regard to race, color, sex, religion, national origin, sexual orientation, genetic information, gender identity or expression, age, veteran status, disability, pregnancy, citizenship status, or any other characteristic protected under applicable federal, state, or local law.