Summary
Responsible for directing financial operations of assigned Market(s), including supporting market senior and department leadership with overall financial accountability in achieving approved budget targets.Job Description:
Associate Vice President, Market Finance
Baptist Health Paducah
As a member of the market senior leadership team, the Associate Vice President is responsible for directing financial strategy and operations of assigned Market(s), including supporting market senior with overall financial strategy and performance.
Essential Functions
- Leads market financial and operational performance management processes, including accountability review meetings with senior operating and finance leadership, Monthly Operating Advance (MOA) meetings, management reporting activities, month-end reviews, variance documentation, and collaboration with the System Performance Advisory Office (PAO) to drive achievement of financial, labor, throughput, service line, and cost reduction targets.
- Directs market governance and resource optimization initiatives, including discretionary spend, position control, and capital review and approval processes, while leading special projects and ad hoc assignments in support of regional finance and operational objectives.
- Provides strategic financial leadership for the market by leading the development of rolling forecasts, long-range financial plans, and capital projections; partnering with market leadership to establish key operational and financial assumptions; and collaborating with the System Strategic Financial Planning team to align market priorities, growth initiatives, and investment strategies with overall system objectives.
- Leads compilation of annual operating and capital budgets, including working with market leadership to develop key volume assumptions, revenue rate assumptions, expense inflation assumptions, labor targets and other budget initiatives.
Requirements
- Bachelor's degree in Finance, Accounting, Analytics, Business or related field
- 7 years of job-related experience is required
- Additional Healthcare experience in public accounting, accounting, budgeting, financial may be substituted in lieu of the required Bachelor's degree
Preferred Requirement
- Master's degree is preferred.
- Healthcare finance experience preferred
- Director level or above experience is preferred
Benefits
- Tuition Assistance reimbursement program
- Company paid Maternity and Paternity leave
- Bereavement Leave (includes pets)
- Paid Time Off available upon hire
- Employee Assistance Program
- Retirement plans with company match
Skills Required
- Bachelor’s degree in Finance, Accounting, Analytics, Business, or a related field
- Seven years of experience
- Additional healthcare experience in public accounting, accounting, budgeting, or financial functions may substitute for the bachelor’s degree
- CPA certification
- Healthcare experience
- Director-level or above experience
What We Do
Founded in 1924 in Louisville, Kentucky, Baptist Health is a full-spectrum health system dedicated to improving the health of the communities it serves. The Baptist Health family consists of nine hospitals, employed and independent physicians, and more than 400 points of care, including outpatient facilities, physician practices and services, urgent care clinics, outpatient diagnostic and surgery centers, home care, fitness centers, and occupational medicine and physical therapy clinics. Baptist Health’s eight owned hospitals include more than 2,300 licensed beds in Corbin, Elizabethtown, La Grange, Lexington, Louisville, Paducah, Richmond and New Albany, Indiana. Baptist Health also operates the 410-bed Baptist Health Deaconess Madisonville in Madisonville, Kentucky in a joint venture with Deaconess Health System based in Evansville, Indiana. Baptist Health employs more than 23,000 people in Kentucky and surrounding states. Baptist Health is the first health system in the U.S. to have all of its hospitals recognized by the American Nursing Credentialing Center with either a Magnet® or Pathway to Excellence® designation for nursing excellence. Baptist Health’s employed provider network, Baptist Health Medical Group, has nearly 1,500 providers, including more than 750 physicians and more than 740 advanced practice clinicians. Baptist Health’s physician network also includes more than 2,000 independent physicians. Learn more at BaptistHealth.com.
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