Job Information
Trinity Health Vice President, Financial Reporting and Chief Accounting Officer in Livonia, Michigan
Employment Type:
Full time
Shift:
Description:
POSITION PURPOSE
The Vice President of Financial Reporting and Chief Accounting Officer will be based out of Livonia, Michigan, or a designated Trinity Health location.
This role will provide executive leadership over the Record to Report (R2R) function. Ensures timely, accurate and relevant financial and management information is developed, analyzed, and disseminated on a monthly, quarterly, and annual basis to support effective management of Trinity Health. Drives system-wide standardization and implementation of world-class financial and managerial reporting capabilities. Monitors local operations, advises Ministry Senior Leadership Teams, and implements new system-wide programs to improve performance in the above areas. Implements and in some cases directly manages Trinity Health shared services. Accountable for system-wide accounting, financial reporting, financial applications, payroll, tax and human resources finance support.
ESSENTIAL FUNCTIONS
Knows, understands, incorporates, and demonstrates the mission, vision, and values of Trinity Health in leadership behaviors, practices, and decisions.
Directs and develops system-wide accounting policies, practices, procedures, and initiatives in accordance with Generally Accepted Accounting Principles (GAAP), management information needs, risk-based assessment and internal controls.
Advises management of changes in accounting regulations or practices that may impact operations and reporting, with recommended direction where multiple options for implementation exist.
In consultation with Ministry management, develops and implements financial and managerial reporting best practice processes to ensure timely and insightful analysis of financial and business performance at all Ministries and on a consolidated basis. Assesses quality of accounting and financial reporting and analysis provided by Ministries and provides feedback for improvement. Supported by Service Area CFOs, Ministry VPs, Finance and CFOs, and other Finance VPs and in identifying opportunities to improve accuracy and timeliness of financial reporting and insightfulness of analysis.
Monitors and influences emerging US GAAP and health care industry developments, including participation in outreach with regulators and industry peers.
Establishes uniform chart of accounts, accounting policies and procedures, education and training, general ledger and consolidation systems, standardized reporting templates and defined processes to support monthly, quarterly, and annual financial and managerial reporting.
Provides leadership for monthly, quarterly and annual consolidation of Trinity Health financial statements, and summarization and analysis of key financial trends and issues with crisp, insightful analysis. Presents summary analyses to senior leadership, Stewardship Committee, OI/Audit Committee, and Ministry senior management team meetings.
Evaluates, in conjunction with Service Area CFOs, value add of shared accounting, financial reporting, payroll, tax and non-revenue financial processing functions. Provides executive leadership to development and management of such functions.
Partners with financial operations, insurance, revenue excellence, payer strategies and treasury teams to develop solutions and strategies that support System-wide investment and execution objectives.
Coordinates annual external audit processes for the System.
Oversees selection, development, and implementation of standardized computer systems to deliver state of the art technology to support accounting, financial and managerial reporting best practices.
Provides proactive guidance for accounting treatment of mergers, acquisitions, divestitures, and joint ventures. Provides oversight for non-revenue accounting and financial reporting due diligence related to mergers and acquisitions.
Emphasizes talent management to develop staff in the system-wide finance team.
Serves as a member of a local Ministry Finance Committee as designated by Trinity Health.
As member of System Office Finance leadership team, proactively works to streamline processes, clarify accountabilities, improve organizational capability, and enhance financial stewardship to support Ministry and System objectives. Understands and promotes continuous quality improvement tools and methodologies for process redesign, leading key teams from across Trinity Health.
Provides executive leadership on other key finance initiatives.
Maintains a strong knowledge of and expertise in applicable Generally Accepted Accounting Principles, and working knowledge of Federal, State, and local laws and regulations, the Trinity Health Compliance Integrity Program, Code of Ethics, as well as other policies and procedures to ensure adherence in a manner that reflects honest, ethical, and professional behavior.
Note that the System Office finance team utilizes a matrix model, whereby all staff has an administrative reporting relationship and key functional alignment but may have functional accountabilities on a project or cross functional basis.
Directly accountable for, while working in collaboration with Ministry VPs, Finance and CFOs, to improve consistency and capabilities relative to financial and managerial reporting, financial controls, and other non-revenue finance processing.
LEADERSHIP COMPETENCIES
As a Trinity Health Executive, the incumbent is expected to demonstrate leadership traits which support our Mission Statement and Core Values as identified below:
Mission Statement: We, Trinity Health, serve together in the spirit of the Gospel as a compassionate and transforming healing presence within our communities.
Core Values:
Reverence: We honor the sacredness and dignity of every person.
Commitment to Those who are Poor: We stand with and serve those who are poor, especially those most vulnerable.
Justice: We foster right relationships to promote the common good, including sustainability of Earth.
Stewardship: We honor our heritage and hold ourselves accountable for the human, financial and natural resources entrusted to our care.
Integrity: We are faithful to those we say we are.
Safety: We embrace a culture that prevents harm and nurtures a healing, safe environment for all.
Vision
As a mission-driven, innovative health organization, we will become a leader in improving the health of our communities and each person we serve. We will be the most trusted partner for life.
Promise Statement
We Listen. We Partner. We Make it Easy.
Our Actions
Listen to understand.
Learn continuously.
Keep it simple.
Create solutions.
Deliver outstanding service.
Own and speak up for safety.
Expect, embrace and initiate change.
Demonstrate exceptional teamwork.
Trust and assume goodness of intentions.
Hold myself and others accountable for results.
Communicate directly with respect and honesty.
Serve every person with empathy, dignity and compassion.
Champion diversity, equity and inclusion.
QUALFICATIONS
Must have a thorough, broad-based knowledge of health care finance, hospital operations, management reporting and accounting, usually gained through 15 or more years of leadership experience in a significant sized and complex organization.
Strong accounting technical skills, with CPA (required) and audit firm background. Strong analytical skills enabling complex issues to be rapidly understood and presented in an understandable manner.
Bright and creative with the ability to drive organizational change quickly across a multi-billion organization. Ability to identify, leverage and rapidly rollout system-wide initiatives, with ability to lead through technical, political, and cultural barriers to change. Must possess strong leadership skills including the ability to influence others and achieve results with and without direct line accountability, and function in both a leadership and support role in a team and system environment.
Strong written and verbal communication skills. Must be able to foster culture of the system-wide finance team and be an effective collaborator with other System Office and Ministry leaders.
Established executive presence ability to present effectively to executive leadership team, governance, and external authorities.
A personal presence which is characterized by a sense of honesty, integrity and caring with the ability to inspire and motivate others to promote the philosophy, mission, vision, goals, and values of Trinity Health.
Proven experience in building a high-performance team, developing leaders and in driving necessary organizational and cultural change.
Ability to travel as necessary.
REPORTING and WORKING RELATIONSHIPS
Reports to Trinity Health EVP and Chief Financial Officer.
Provides line leadership for the System Office financial reporting team, system-wide accounting, system-wide payroll, human resources finance, and System Office tax team. Direct reports include:
Service Area VPs, Accounting and Reporting
Directors, Financial Reporting
Director, Payroll
Director, Tax
Director, Financial Applications ERP
Director, Financial Applications EPM
Senior Executive Assistant
Member of the System Office finance team, takes proactive accountability to drive success of the overall System-wide finance function, including areas beyond their direct responsibility.
Our Commitment to Diversity and Inclusion
Trinity Health is one of the largest not-for-profit, Catholic healthcare systems in the nation. Built on the foundation of our Mission and Core Values, we integrate diversity, equity, and inclusion in all that we do. Our colleagues have different lived experiences, customs, abilities, and talents. Together, we become our best selves. A diverse and inclusive workforce provides the most accessible and equitable care for those we serve. Trinity Health is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other status protected by law.
Our Commitment to Diversity and Inclusion
Trinity Health is a family of 115,000 colleagues and nearly 26,000 physicians and clinicians across 25 states. Because we serve diverse populations, our colleagues are trained to recognize the cultural beliefs, values, traditions, language preferences, and health practices of the communities that we serve and to apply that knowledge to produce positive health outcomes. We also recognize that each of us has a different way of thinking and perceiving our world and that these differences often lead to innovative solutions.
Our dedication to diversity includes a unified workforce (through training and education, recruitment, retention, and development), commitment and accountability, communication, community partnerships, and supplier diversity.
EOE including disability/veteran