Corporate Chief Accounting Officer - Bassett Healthcare Network

Cooperstown, New York

The Opportunity:
Bassett Healthcare, a leading and nationally recognized health system based in Cooperstown, New York, is seeking its first Corporate Chief Accounting Officer who will be responsible for the effective and efficient delivery of accounting processes and reporting across the network. This newly created position is the ‘number two’ in the system finance department reporting directly to the Corporate Chief Financial Officer.

The Position:
The Corporate Chief Accounting Officer (CAO) is a new position for the organization and has been established to support the creation and subsequent management of a centralized accounting function and team for the entire network. This position will work to support the development of a fully integrated Finance Division.

The CAO is responsible for the effective and efficient delivery of accounting processes, reporting and budgeting across the network. The CAO is operationally responsible for all functions with respect to general accounting, financial statement reporting, budget, research and other funded programs, accounting and financial reporting, treasury, payroll, accounts payable, tax compliance, and financial regulatory compliance. The CAO engages with payroll, in conjunction with human resources, and accounts payable, in conjunction with supply chain management, to ensure a positive impact on employees and operations, respectively, on an ongoing, real time basis. The role oversees general accounting, fixed assets and similar functions significantly impacting the ability of the organization to obtain and maintain capital financing, meet regulatory requirements, form a basis for forecasting, and impact reimbursement.

The CAO has responsibility for direct leadership of the accounting functions/staff throughout the network as defined above. He/she will ensure best possible accounting services to meet the needs of Boards, administration, employees, vendors, and hospital and physician leadership across all Network subsidiaries. This includes, but is not limited to, historical financial reporting, general accounting and subsidiary conversions to common chart of accounts, consolidated financial reports, accounts payable and interface to materials management, payroll and time and attendance, and fixed assets. The CAO and his/her team will provide critical information for cost reports, grants, and baseline data for year-end projections and forecasts. Reporting will include both internal and external constituencies such as banking/credit, debt, tax, and regulatory reporting as well as for internal and external public and regulatory audits. Current financial applications will be refined, standardized, and extended to all subsidiaries not currently using such applications. The CAO will ensure compliance of accounting and reporting in accordance with GAAP, FASB, and regulatory requirements as well as implement the highest level of controls to eliminate risk of fraud and waste of assets.

The CAO is also responsible for the budgeting process across the system, The CAO must create a more standard and streamlined budget processes in addition to instituting a culture of accountability to established budgets. Also, the executive will finalize and implement changes to the current accounting organizational structure immediately and refine the organizational structure over time.

The Ideal Candidate:
The ideal candidate will have an advanced degree in Finance, Business Administration or Healthcare Finance Administration and/or a CPA preferred. He/she will have 10-plus years of experience in a senior-level accounting or public audit position of which a minimum of five must be in a financial leadership role within a larger health system or network of healthcare facilities, including employed physicians or a controlled physician corporation.

In addition, the Corporate Chief Accounting Officer will have:

  • A solid understanding of a geographically extended rural network and critical access hospitals is highly desired.
  • Experience with leading accounting, reporting and related finance functions within a multi-hospital system is highly preferred. Additionally, experience with building a centralized corporate accounting function and/or integration of newly acquired hospitals into an existing centralized accounting function is highly desired.
  • Highly developed interpersonal skills necessary to understand and meet the needs of a diverse organization with various levels of leadership from Corporate to subsidiary Boards, executive leadership and needs of the finance and accounting areas.
  • Strong management capabilities, skills, and techniques to plan, execute, and achieve results related to the complex and urgent needs of the Network and subsidiaries.
  • Must be highly accomplished in optimizing information system applications and technology in conjunction with the CIO and Corporate CFO. Expertise with Infor/Lawson is preferred.

The Organization:
The Bassett Healthcare Network (Bassett) is a comprehensive system of physicians, hospitals, community health centers, and post-acute providers in eight counties, spanning 5,000 square miles in central New York. This innovative, unique health care system, nationally recognized as a model of integrated healthcare, is committed to helping the communities it serves achieve optimum health and enjoy the best quality of life possible. With more than 5,600 employees and net patient revenue of approximately $650 million, Bassett is the region’s largest employer and leading healthcare organization, enjoying a dominant market share across its service area of approximately 430,000 people. The Bassett Medical Group comprises more than 550 full-time, employed physicians and other advanced practice clinicians who provide primary and specialty care at Bassett. Bassett Medical Group physicians are officially employed by Bassett Medical Center, the flagship tertiary hospital of the system.

The Location:
Bassett Health is located in Cooperstown, New York, a charming village located in upstate New York which offers an exceptional quality of life. New York City, Syracuse, Albany, Binghamton, and Utica are quickly and easily accessible by the state’s well-integrated highway system. The town and the eight counties served by this system are part of the land between the rolling hills of the Catskill Mountains and the Mohawk Valley containing farms, green meadows, lakes, and rivers. Cooperstown itself is nestled at the base of one of the most beautiful lakes in the state, Otsego Lake.

The area has long attracted families through the abundance of activities for people of all ages. Summer activities include swimming, biking, hiking, fishing, and boating. The autumn is quite spectacular with a dazzling display of foliage. Winter fun, starting with the first snowfall, brings out cross country and downhill skis, snowshoes, and sleds. The town offers a state-of-the-art sports complex within walking distance from the Hospital.

In addition to recreational opportunities, the area offers an international reputation for world- class culture and the arts. There are outstanding museums open year-round including the National Baseball Hall of Fame, Fenmore Art Museum, and Farmer’s Museum. During the summer, the Glimmerglass Opera Festival takes place. Cooperstown boasts a variety of excellent fine dining restaurants and cafes, shops, and boutiques along the several blocks spanning Main Street. While tourists swell the population of the Cooperstown area in the summer months, its year-round residents treasure the town’s remarkable sense of community.

The school systems of Cooperstown and neighboring towns are excellent, offering small class sizes and a full range of extracurricular activities. Academic performance is high and Cooperstown students gain admission to some of the most prestigious colleges and universities in the country. A wide range of housing is available both in town and across the region.

Please direct all inquiries, applications, and referrals to:
Katie Mazzuckelli
katie.mazzuckelli@phillipsdipisa.com

About Phillips DiPisa
Phillips DiPisa is a retained executive search firm serving the healthcare and life sciences industries. Ranked as one of the top healthcare recruiting firms in the country, Phillips DiPisa is known for leading healthcare into the future by its growing base of clients across the country, drawing on a national pool of candidates. For more information, please visit their website at phillipsdipisa.com.

Posted on: 3/29/19