Vice President, Finance - Monmouth Medical Center

Job Title: Vice President

Location: Monmouth Medical Center

Department Name: Finance - MMC

Req #: 0000223735

Status: Salaried

Shift: Day

Pay Range: $175,000.00 - $275,000.00 per year

Pay Transparency: The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.

Vice President, Finance - Monmouth Medical Center

Job Overview:

The Vice President of Finance at Monmouth Medical Center oversees all financial operations, including budgeting, forecasting, reporting, and strategy, ensuring financial health and compliance for the hospital, working closely with executive leadership to drive performance, manage costs, optimize revenue cycles, and support strategic growth initiatives. The VP

will have oversight of the Patient Accounts, Finance, Patient Access Management, Budgets & Reimbursement, Special Financial Projects and Medical Records Departments. This person directs the hospital activities concerned with general business operations, accounting, statistical reporting and third party reimbursement.

Reports To:

• The Vice President of Finance at Monmouth Medical Center reports directly to the SVP, Southern Region CFO, with a matrixed reporting relationship to the President and CEO, Monmouth Medical Center.

Qualifications:

• Bachelor's Degree with major in Accounting or Economics required.
• MBA or Fellow of the Healthcare Financial Management Association desirable, but not required.
• Eight to ten years accounting, office management and accounts receivable experience required, of which three to five years should be in a managerial position.
  • Two to three years of directly related experience in the healthcare financial services, including accounts receivable, field is strongly preferred.
• Certified Public Accountant is desired or ten to twelve years financial management experience, but not required

Essential Functions:

• Strategic Planning & Budgeting: Collaborating on strategic direction, mission advancement, and managing hospital operating and capital budgets.
• Financial Planning & Analysis: Developing and managing financial forecasts, providing comprehensive variance analysis and recommendations, and working with department managers to develop robust five-year business plans and establish effective short- and long-range goals.
• Financial Reporting: Ensuring accurate, timely reporting for internal use, regulators, and government agencies (including monthly closes).
• Margin & Revenue Cycle: Identifying medical cost trends, leading financial improvements and proactively managing revenue cycle metrics, charge capture, and billing performance.
• Education: Providing financial education and expertise to clinical and operational leadership.
• Regulatory Compliance: Routinely reviewing state and federal regulations to ensure all financial and operational practices remain compliant.
• Team Leadership: Mentor and manage the site finance team, fostering a high-performance culture.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Benefits and Perks:

At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees' physical, emotional, financial, personal, career, and community wellbeing. These benefits and resources include, but are not limited to:

• Paid Time Off including Vacation, Holidays, and Sick Time
• Retirement Plans
• Medical and Prescription Drug Insurance
• Dental and Vision Insurance
• Disability and Life Insurance
• Paid Parental Leave
• Tuition Reimbursement
• Student Loan Planning Support
• Flexible Spending Accounts
• Wellness Programs
• Voluntary Benefits (e.g., Pet Insurance)
• Community and Volunteer Opportunities
• Discounts Through our Partners such as NJ Devils, NJ PAC, and Verizon
• ....and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey-whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.