Director of Finance

Overview

Catholic Health is one of Long Island’s finest health and human services agencies. Our health system has over 16,000 employees, six acute care hospitals, three nursing homes, a home health service, hospice and a network of physician practices across the island.

At Catholic Health, our primary focus is the way we treat and serve our communities. We work collaboratively to provide compassionate care and utilize evidence based practice to improve outcomes – to every patient, every time.

We are committed to caring for Long Island. Be a part of our team of healthcare heroes and discover why Catholic Health was named Long Island's Top Workplace!

Job Details

The Director of Financial Operations – Western Division (DFO) is a financial leader who serves as a key partner to leadership of Mercy Medical Center and St. Joseph Hospital in advancing Catholic Health’s mission through fiscal stewardship and operational insight. While core financial functions such as consolidated financial reporting, capital planning, and cost accounting are performed by centralized shared services, the DFO is responsible for leading the development of the hospital-specific operating budget in support of the overall Catholic Health budgeting process, ensuring alignment with system-wide assumptions and initiatives. The DFO interprets financial data provided by corporate finance to support decision-making, ensure accountability, and drive performance improvement. This role collaborates with service line, clinical, and administrative leaders to analyze trends, conduct root cause analysis of variances, and identify opportunities for operational efficiencies and margin improvement. The DFO plays a central role in volume planning, supports the development of business plans in coordination with corporate financial planning, and ensures alignment between hospital priorities and system initiatives. The DFO also ensures that hospital-specific financial practices and deliverables adhere to Catholic Health’s standardized policies and procedures.

Key Responsibilities:

• Strategic Financial Leadership: Provide expert financial guidance and oversight to hospital leadership. Serve as the principal financial advisor to the President and leadership team of Mercy Hospital.
• Budgeting: In support of Catholic Health initiatives, lead the development and execution of the hospital’s annual operating budget.  Collaborate with service lines, medical group and clinical leadership on volume planning. Ensure the expense budget aligns with volume assumptions and supports responsible financial stewardship.  Monitor performance against budget, prepare projections, and initiate remediation plans as needed.
• Financial Reporting & Analysis: Understand results of monthly financial reporting provide by corporate finance, including variance analysis and KPIs. Interpret and present results to senior leadership (hospital and corporate) and collaborate with system finance to ensure consistency and accuracy.
• Collaboration with System Shared Services: Work in partnership with system-level functions (e.g., revenue cycle, coding, documentation, IT, supply chain, HR, accounts payable) in support of system initiatives.  Liaison between corporate finance functions and hospital operations.
• Financial Planning:  Collaborate with corporate financial planning and hospital/service line leaders as necessary to develop and evaluate business plans for new hospital initiatives.  Monitor progress against plans and initiate remediation plans as necessary.
• Capital Planning: Prioritize capital requests in alignment with system-level capacity constraints and strategic initiatives.  Review and approve capital requisitions. Ensure alignment with annual capital plan and institutional priorities.
• Responsible for oversight of hospital specific finance needs for development and grants.
• Strata Performance Management: Lead the use of Strata tools to monitor productivity, manage cost centers, and analyze financial statement variances. Ensure clinical and operational managers are engaged and accountable.  Ensure efficiency of hospital Productivity and Position Control meetings.
• Physician and Clinical Support: Collaborate with physicians, clinical leadership and service line leadership to strengthen financial performance, improve care delivery models, and support service line development.
• Compliance and Internal Controls: Ensure compliance with all relevant financial standards, regulatory requirements, and Catholic Health policies. Maintain robust internal controls to safeguard assets.
• Team Leadership: Lead and develop a high-performing finance team. Foster a culture of accountability, continuous learning, and excellence.

Skills, Knowledge, or Abilities:

• Strong knowledge of hospital finance, including budgeting, cost accounting, and reimbursement methodologies.
• Ability to analyze complex financial data and apply insights to operational strategy.
• Exceptional communication and interpersonal skills; able to engage with stakeholders at all levels.
• Demonstrated leadership ability in a matrixed, collaborative environment.
• Strong commitment to Catholic Health’s mission, vision, and values.

Minimum Qualifications:

Education:      

Bachelor’s Degree in Finance, Accounting, or related field required. Master’s Degree (MBA, MHA) or CPA preferred.

Experience:    

Minimum of 8 years of progressive financial leadership experience in healthcare, including direct hospital experience. Prior team leadership preferred.

Posted Salary Range

USD $175,000.00 - USD $220,000.00 /Yr.

This range serves as a good faith estimate and actual pay will encompass a number of factors, including a candidate’s qualifications, skills, competencies and experience. The salary range or rate listed does not include any bonuses/incentive, or other forms of compensation that may be applicable to this job and it does not include the value of benefits.

At Catholic Health, we believe in a people-first approach. In addition to the estimated base pay provided, Catholic Health offers generous benefits packages, generous tuition assistance, a defined benefit pension plan, and a culture that supports professional and educational growth.

Compensation: 175000 to 220000 (USD)