Reporting to the Executive Vice President Chief Financial Officer of the enterprise, the Senior Vice President Chief Accounting Officer (SVP CAO) is responsible for overseeing all financial reporting/accounting functions, all financial planning/budgeting functions, capital planning and capital allocation, government reimbursement programs, international finance, decision support and financial analytics, tax planning, and the full suite of transactional services (including accounts payable, payroll) of Cleveland Clinic. The SVP CAO is tasked with ensuring the accuracy, integrity and timeliness of financial reporting and compliance with regulatory requirements and is the responsible executive to Independent Auditors for the quarterly and annual financial reporting (and independent audit) for the enterprise. The SVP CAO also oversees corporate financial operations to ensure alignment with the mission, values and objectives of the organization and department. This includes the tactical development and oversight of financial reporting, centralized financial services, cost accounting, financial data analytics, planning and forecasting, budgeting, capital planning, and global tax compliance. The SVP CAO works closely with the Executive Team and leadership to support strategic planning and decision-making, driving financial performance and organizational growth, and is the go-to financial executive when needed to step-in for the EVP CFO of the enterprise. The SVP CAO is also a corporate officer for the Cleveland Clinic Foundation.
Job Responsibilities:
Oversees the preparation, distribution, and public filings of all financial statements, ensuring compliance with GAAP and other relevant accounting standards.
Manages annual audits for Cleveland Clinic Health System and affiliate organizations.
Safeguards assets and ensures accurate and timely reporting of transactions according to GAAP; is a standing member of the Finance Committee and Audit Committee of the Board of Directors.
Analyzes financial results and provides insightful commentary and recommendations to executive management and various committees of the board.
Architects and coordinates the annual budgeting process, including concurrent forecasting and variance analysis.
Leads the development of the annual and long-term financial and capital plans of the enterprise.
Leads the development and implementation of financial reporting systems and processes to enhance accuracy and efficiency.
Ensures compliance with all regulatory requirements and other statutory reporting.
Monitors changes in accounting standards and regulations, assessing their impact on the organization and implementing necessary changes.
Maintains strong relationships with external auditors, facilitating timely and efficient audit processes.
Leads the enterprise Internal Control Effectiveness (ICE) program to develop and enforce internal controls in accordance with Sarbanes-Oxley principles, to safeguard company assets and ensure financial integrity.
Collaborates with the enterprise CEO, CFO, and other senior executives to develop and execute the company's strategic plan.
Provides financial insights and analysis to support decision-making and drive business growth.
Directs a team that supports organizational assessments and decisions on mergers and acquisitions and joint ventures.
Mentors and develops teams fostering a culture of continuous improvement, caregiver engagement and professional growth.
Leads the International Finance division for the enterprise.
Oversees day-to-day accounting operations, including accounts payable, nonpatient accounts receivable, payroll, and general ledger functions.
Directs revenue and reimbursement functions including revenue recognition, and all required public filings (i.e.: Medicare and Medicaid Cost Reports).
Responsible for service line performance management and producing accurate and accessible patient level reporting, cost accounting, and key metrics and measures.
Partners with Market and Network Services in modeling payer contracts and value-based outcomes.
Directs financial management of Academic Affairs and Clinic research accounting.
Communicates financial performance to executive management, Cleveland Clinic Board of Directors and Committees and external stakeholders.
Partners with Cleveland Clinic Innovations to identify, assess, and realize new business opportunities and revenue streams.
Collaborates with international operations and strategy to identify and operationalize new ventures and strategic partnerships internationally. Develops policies, practices, and procedures that have a significant impact on the organization.
Other duties as assigned.
Education:
Bachelor's degree required. Major in Accounting and/or Finance preferred.
Master's degree preferred.
Languages:
English.
Certifications:
Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Management Accountant (CMA) or equivalent certification preferred.
Complexity of Work:
Requires staff management, strong communication skills, critical thinking skills, analytical and interpretative skills, decisive judgment, and the ability to work with minimal guidance.
Leads or actively engages with senior-most levels of financial management of the enterprise in concert with the EVP CFO.
Work Experience:
A minimum of 15 years of experience in healthcare and/or accounting.
Strong financial management and leadership experience with large, complex health sector organizations.
Financial consolidation of multi-entry systems and joint venture/affiliation.
Physical Requirements:
Ability to communicate and exchange accurate information.
Ability to perform work in a stationary position for extended periods.
Ability to work with physical records or operate a computer or other office equipment.
In some locations, ability to travel throughout the hospital system.
In some locations ability to move up to 25 lbs.
Lengthy and frequent national and international travel.
Personal Protective Equipment:
Follow standard precautions using personal protective equipment as required.
Pay Range
Minimum hourly: $180.90
Maximum hourly: $391.20
The pay range displayed on this job posting reflects the anticipated range for new hires. While the pay range is displayed as an hourly rate, Cleveland Clinic recruiters will clarify whether the compensation is hourly or salary. A successful candidate's actual compensation will be determined after taking factors into consideration such as the candidate's work history, experience, skill set, and education. This is not inclusive of the value of Cleveland Clinic's benefits package, which includes among other benefits, healthcare/dental/vision and retirement.
Cleveland Clinic Health System is pleased to be an equal employment employer: Women / Minorities / Veterans / Individuals with Disabilities
