DIRECTOR OF FINANCIAL OPERATIONS
Riverside Healthcare, Kankakee, Illinois, United States, 60901
Reporting to the Vice President & Chief Financial Officer, the Director of Financial Operations serves as a strategic finance leader and trusted business partner responsible for driving financial performance, operational excellence, and data-informed decision-making across the organization. The Director provides leadership and oversight for strategic finance, revenue analysis, payer structures, and the development of best-in-class financial and analytic operations that support optimal financial effectiveness, service excellence, and high-quality patient care.
This role partners closely with clinical, operational, and departmental leaders to guide annual operating and capital budgeting, long-range financial planning, forecasting, and performance improvement initiatives. The Director ensures transparent communication of financial results, productivity, resource utilization, KPIs, and variance analyses while proactively identifying trends, risks, and opportunities to strengthen financial performance.
Serve as a key strategic partner to the Vice President & CFO in setting and executing the organization’s financial strategy, with accountability for operational financial performance
Lead financial planning, budgeting, forecasting, and long-range financial modeling, including annual operating and capital budgets and performance improvement initiatives
Ensures compliance with relevant regulations, standards and directives from regulatory agencies and third-party payors
Oversees preparation and submission of Medicare, Medicaid and other third-party cost reports
Partner with clinical, operational, and departmental leaders to translate financial data into actionable insights related to productivity, resource utilization, service line performance, and revenue optimization
Develop and oversee best-in-class financial analytics, benchmarking, and KPI dashboards to drive transparency, accountability, and continuous improvement
Analyze financial and operational trends, variances, and risks; proactively develop and implement corrective action plans to achieve financial and operational targets
Provide leadership over revenue analysis, payer structures, and labor productivity strategies to support margin improvement and sustainable growth
Ensure effective financial controls, policies, and procedures are maintained in accordance with regulatory, audit, and governance standards
Lead, mentor, and develop a high-performing finance team; foster strong internal communication, engagement, and a culture of collaboration and accountability
Support organizational initiatives that enhance community relationships, physician alignment, and the organization’s overall reputation and mission
Responsibilities
Required Education
Master’s degree in Finance, Accounting, Business, or related field required; CPA preferred Required Experience/Skills
7–10+ years of progressive healthcare finance experience, including leadership responsibility within a hospital, health system, or complex healthcare organization Demonstrated expertise in hospital financial operations, including labor productivity, revenue cycle performance, Medicare and Medicaid reimbursement, and operating and capital budgeting Strong strategic, analytical, and financial modeling capabilities with the ability to translate complex data into executive-level insights Proven ability to partner effectively with clinical leaders, physician groups, operational teams, and executive leadership Exceptional communication and presentation skills, with confidence engaging in high-level forums and addressing complex financial issues Experience leading change, driving performance improvement, and developing high-performing teams High integrity, sound judgment, and alignment with organizational values Proficiency in ERP and financial systems, with strong data visualization and reporting capabilities This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties within scope of practice of role. Our Commitment To You
Riverside Healthcare offers a comprehensive suite of Total Rewards: benefits and nationally rated employee well‑being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so your journey at and away from work is remarkable. Our Total Rewards package includes: Compensation
Base compensation within the position’s pay range based on factors such as qualifications, skills, relevant experience, and/or training Opportunity for annual increases based on performance Benefits - .5 To 1.0 FTE
Paid Time Off programs Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability Health Savings and Flexible Spending Accounts for eligible health care and dependent care expenses Defined contribution retirement plans with employer match and other financial wellness programs Educational Assistance Program Leadership Development Employee Health Requirements
Exposure/Sensory Requirements
Exposure To
Chemicals: Refer to MSDS Sheets Video Display Terminals: Extreme Blood and Body Fluids: None TB or Airborne Pathogens: None Sensory Requirements (speech, Vision, Smell, Hearing, Touch)
Speech: Needed for presentations/training, telephone communication, facilitate meetings. Vision: Needed to read memos and literature Smell: Helpful to note presence of electrical/fire hazard. Hearing: Needed for telephone communication, meetings, alarms and listening to visitor/employee concerns. Touch: Needed to write, computer entry, filing. Activity/Lifting Requirements Percentage of time during the normal workday the employee is required to: Sit: 90% Twist: 0% Stand: 10% Walk: 0% Kneel: 0% Lift: 0% Drive: 0% Squat: 0% Climb: 0% Reach above shoulders: 0% The weight required to be lifted each normal workday according to the continuum described below: Up to 10 lbs: Occasionally Up to 20 lbs: Not Required Up to 35 lbs: Not Required Up to 50 lbs: Not Required Up to 75 lbs: Not Required Up to 100 lbs: Not Required Over 100 lbs: Not Required Describe and explain the lifting and carrying requirements. (Example: the distance material is carried; how high material is lifted, etc.): Maximum consecutive time (minutes) during the normal workday for each activity: Sit: 120 Twist: 0 Stand: 10 Walk: 0 Kneel: 0 Lift: 0 Drive: 0 Squat: 0 Climb: 0 Reach above shoulders: 0 Repetitive Use Of Hands (Frequency Indicated)
Simple grasp up to 10 lbs. Normal weight: constant Pushing & pulling Normal weight: Fine Manipulation: Excessive typing and data entry Repetitive use of foot or feet in operating machine control: None Outside hours : 0 Temperature: Normal Range Humidity: Normal Range Atmosphere: Protective Clothing Required: None Be Remarkable as a Financial Leader
At Riverside HealthCare, financial leadership is not back‑office — it is mission‑critical. We are seeking a strategic, data‑driven Director of Financial Operations to serve as a trusted partner to our Vice President & CFO and executive team. This leader will drive financial performance, strengthen operational excellence, and translate complex financial data into actionable insights that advance high‑quality patient care and sustainable growth. This is an opportunity for a seasoned healthcare finance professional who thrives at the intersection of strategy, analytics, and operational partnership. What You Will Lead
Strategic financial planning, forecasting, and long‑range modeling Annual operating and capital budgeting processes Revenue analysis, payer strategy, and labor productivity initiatives Medicare, Medicaid, and third‑party cost reporting KPI development, benchmarking, and executive‑level reporting Financial performance improvement and variance analysis Development of a high‑performing finance team You will partner closely with clinical, operational, and executive leaders to ensure transparent financial communication and proactive decision‑making that strengthens margins, service excellence, and community impact. What We’re Looking For
7–10+ years of progressive healthcare finance leadership Deep expertise in hospital financial operations and reimbursement Advanced financial modeling and analytic capabilities Proven ability to influence clinical and executive stakeholders Strong executive presence and communication skills Why Riverside? Be Remarkable.
At Riverside, we believe leadership means ownership, accountability, and impact. As a regional healthcare leader, we are building financial operations that are forward‑thinking, transparent, and performance‑driven. We are looking for a finance leader who wants more than oversight — someone ready to shape strategy, strengthen performance, and make a measurable difference. If you are ready to lead boldly, think strategically, and Be Remarkable — we’re ready for you.
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Required Education
Master’s degree in Finance, Accounting, Business, or related field required; CPA preferred Required Experience/Skills
7–10+ years of progressive healthcare finance experience, including leadership responsibility within a hospital, health system, or complex healthcare organization Demonstrated expertise in hospital financial operations, including labor productivity, revenue cycle performance, Medicare and Medicaid reimbursement, and operating and capital budgeting Strong strategic, analytical, and financial modeling capabilities with the ability to translate complex data into executive-level insights Proven ability to partner effectively with clinical leaders, physician groups, operational teams, and executive leadership Exceptional communication and presentation skills, with confidence engaging in high-level forums and addressing complex financial issues Experience leading change, driving performance improvement, and developing high-performing teams High integrity, sound judgment, and alignment with organizational values Proficiency in ERP and financial systems, with strong data visualization and reporting capabilities This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties within scope of practice of role. Our Commitment To You
Riverside Healthcare offers a comprehensive suite of Total Rewards: benefits and nationally rated employee well‑being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so your journey at and away from work is remarkable. Our Total Rewards package includes: Compensation
Base compensation within the position’s pay range based on factors such as qualifications, skills, relevant experience, and/or training Opportunity for annual increases based on performance Benefits - .5 To 1.0 FTE
Paid Time Off programs Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability Health Savings and Flexible Spending Accounts for eligible health care and dependent care expenses Defined contribution retirement plans with employer match and other financial wellness programs Educational Assistance Program Leadership Development Employee Health Requirements
Exposure/Sensory Requirements
Exposure To
Chemicals: Refer to MSDS Sheets Video Display Terminals: Extreme Blood and Body Fluids: None TB or Airborne Pathogens: None Sensory Requirements (speech, Vision, Smell, Hearing, Touch)
Speech: Needed for presentations/training, telephone communication, facilitate meetings. Vision: Needed to read memos and literature Smell: Helpful to note presence of electrical/fire hazard. Hearing: Needed for telephone communication, meetings, alarms and listening to visitor/employee concerns. Touch: Needed to write, computer entry, filing. Activity/Lifting Requirements Percentage of time during the normal workday the employee is required to: Sit: 90% Twist: 0% Stand: 10% Walk: 0% Kneel: 0% Lift: 0% Drive: 0% Squat: 0% Climb: 0% Reach above shoulders: 0% The weight required to be lifted each normal workday according to the continuum described below: Up to 10 lbs: Occasionally Up to 20 lbs: Not Required Up to 35 lbs: Not Required Up to 50 lbs: Not Required Up to 75 lbs: Not Required Up to 100 lbs: Not Required Over 100 lbs: Not Required Describe and explain the lifting and carrying requirements. (Example: the distance material is carried; how high material is lifted, etc.): Maximum consecutive time (minutes) during the normal workday for each activity: Sit: 120 Twist: 0 Stand: 10 Walk: 0 Kneel: 0 Lift: 0 Drive: 0 Squat: 0 Climb: 0 Reach above shoulders: 0 Repetitive Use Of Hands (Frequency Indicated)
Simple grasp up to 10 lbs. Normal weight: constant Pushing & pulling Normal weight: Fine Manipulation: Excessive typing and data entry Repetitive use of foot or feet in operating machine control: None Outside hours : 0 Temperature: Normal Range Humidity: Normal Range Atmosphere: Protective Clothing Required: None Be Remarkable as a Financial Leader
At Riverside HealthCare, financial leadership is not back‑office — it is mission‑critical. We are seeking a strategic, data‑driven Director of Financial Operations to serve as a trusted partner to our Vice President & CFO and executive team. This leader will drive financial performance, strengthen operational excellence, and translate complex financial data into actionable insights that advance high‑quality patient care and sustainable growth. This is an opportunity for a seasoned healthcare finance professional who thrives at the intersection of strategy, analytics, and operational partnership. What You Will Lead
Strategic financial planning, forecasting, and long‑range modeling Annual operating and capital budgeting processes Revenue analysis, payer strategy, and labor productivity initiatives Medicare, Medicaid, and third‑party cost reporting KPI development, benchmarking, and executive‑level reporting Financial performance improvement and variance analysis Development of a high‑performing finance team You will partner closely with clinical, operational, and executive leaders to ensure transparent financial communication and proactive decision‑making that strengthens margins, service excellence, and community impact. What We’re Looking For
7–10+ years of progressive healthcare finance leadership Deep expertise in hospital financial operations and reimbursement Advanced financial modeling and analytic capabilities Proven ability to influence clinical and executive stakeholders Strong executive presence and communication skills Why Riverside? Be Remarkable.
At Riverside, we believe leadership means ownership, accountability, and impact. As a regional healthcare leader, we are building financial operations that are forward‑thinking, transparent, and performance‑driven. We are looking for a finance leader who wants more than oversight — someone ready to shape strategy, strengthen performance, and make a measurable difference. If you are ready to lead boldly, think strategically, and Be Remarkable — we’re ready for you.
#J-18808-Ljbffr