Job Description

Overview:

Vice President Finance

Full Time, 80 hours per pay period, Day Shift

Covenant Health Overview:

Covenant Health is the regions top-performing healthcare network with 10 hospitals, outpatient and specialty services, and Covenant Medical Group, our areas fastest-growing physician practice division. Headquartered in Knoxville, Covenant Health is a community-owned integrated healthcare delivery system and the areas largest employer. Our more than 11,000 employees, volunteers, and 1,500 affiliated physicians are dedicated to improving the quality of life for the more than two million patients and families we serve every year. Covenant Health is the only healthcare system in East Tennessee to be named a Forbes Best Employer seven times.

Position Summary:

Plans, organizes, and directs the financial activities of Covenant Health by transforming data into information that can be used to inform organizational decision-making; forward looking planning that marries the organizations strategic goals with their financial impact; and understanding the financial return on proposed and deployed investment. Responsible for strategic oversight and management of Treasury, Service Line Support and Planning, Financial Planning & Analysis, and Labor Management. Duties include treasury operations, investment/debt management, long range financial planning for both operating and capital, decision support, service line support, pro-forma analysis, M&A modeling.

Recruiter: Kathleen Rice || kkarnes@covhlth.com || 865-374-5386

• Strong understanding of financial markets, financial instruments, and debt/equity financing. Stay abreast of developments in capital markets and business environments that can affect the company's financial performance.
• Manage and lead Treasury operations, policies, and internal controls across the system.
• Manage cash flows effectively to ensure liquidity and financial stability.
• Assess and monitor daily and forecast long-term liquidity, and debt/capital capacity.
• Manage relationships with investors, banks, and other financial institutions.
• Develop and implement treasury strategies to optimize the company's liquidity, funding and investment activities. Partner closely with our investment advisors to implement efficient funding and investment strategies adhering to our investment policy.
• Implement strategies for optimizing bank accounts and overall banking fees.
• Assists and coordinates activities related to issuance of debt and monitors compliance with debt covenants and other reporting required by such documents.
• Drive ongoing assessment of the companys capital structure and capital markets opportunities to optimize the companys cost of capital.
• Provides strategic leadership over the annual long range financial plan, operating and capital expenditure budgets. Develops and refines forecasting & budgeting systems and processes to ensure optimum financial control, communication, and reporting.
• Collaborate with service line management to deliver meaningful financial and operating metrics, analytics, and reports with which to manage the business, drive insight into the key value levers of the business and enable growth.
• Assists with oversight and control of departmental labor budgets, productivity, benchmarks, and reporting
• Collaborate with management and the Board to deliver meaningful financial and operating metrics, analytics and reports with which to manage the business, drive insight into the key value levers of the business, and enable revenue growth and expense management.
• Lead cross-functional teams, as appropriate, to develop financial business case supporting proposed strategic technology initiatives and special projects, including financial modeling and analysis
• Develop metrics and analyses to build a disciplined approach to measuring return on investment to evaluate capital allocation decisions
• Help to prepare presentations and updates to management, board, and rating agencies
• Establish strong business relationships with internal stakeholders, including operating leaders, CEO, CFO, and functional teams.
• Drives corporate finance initiatives, including capital structure optimization, financing strategies, and M&A analysis.
• Participates in due diligence, financial analysis, and integration activities for potential mergers and acquisitions.
• Analytical, technical, and strategic thinker with solid business judgmentdata-driven and analytical in problem-solving while also understanding and considering the big picture.
• Strong leadership abilities and experience managing a team and working cross-functionally.
• Goal-oriented and possesses the ability to prioritize on a consistent basis in an ever-changing environment.
• Exceptional communication and interpersonal skills; experience in effectively communicating key data, including presentations to Senior Leadership, Board members, Committee members or other outside partners.
• An attitude to challenge the status quo, managing with a sense of urgency through ambiguities with a desire to consistently raise the bar.
• Ownership mentality and demonstrated ability to independently drive projects to completion, with great attention to detail.
• Performs and directs ad-hoc analysis, as needed, to support organizational goals and demands
• Follows policies, procedures, and safety standards. Completes required education assignments annually. Works toward achieving goals and objectives and participates in quality improvement initiatives as requested.
• Performs other duties as assigned.

Minimum Education:

Bachelors degree in finance, accounting, or a related field.

Minimum Experience:

Minimum of seven (7) years progressive management experience in finance or accounting; with at least 5 years in a leadership role. Experience working in a large not-for-profit health system with FP&A, treasury and M&A experience preferred.

Licensure Requirement:

Advanced Degree MBA or CPA required.

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