Associate Vice President Finance Advocate Clinical Laboratories
About The Position
The Associate Vice President Finance is responsible for all internal and external financial reporting of the joint lab and for-profit lab company. This includes Board presentations, cost allocations, fixed asset records, financial statements, regulatory and compliance filings. The role is also responsible for the development and management of the joint laboratory system capital and operating budgets. This position acts as the liaison to Advocate and Aurora Finance departments and, in conjunction with these departments, establishes and maintains ACL finance policies. The Associate Vice President oversees all financial reporting and billing related to Auroras for-profit commercial laboratory customers, leads negotiation processes with managed care organizations, vendors, and pathologists, and oversees outreach pricing and sales initiatives throughout Wisconsin and Illinois. Additionally, this role oversees the preparation of ACL financial records and regulatory filings, assists senior management in the marketing process as it relates to financial data, and establishes and maintains laboratory pricing for commercial for-profit customers. The position also oversees inter-system laboratory billing to other Aurora sites, the maintenance of the laboratory's co-tenancy fixed asset records, and external and inter-company co-tenancy laboratory disbursements. Furthermore, the Associate Vice President performs human resources responsibilities for staff, develops and recommends operating and capital budgets, and ensures adherence to the organization's Code of Ethical Conduct.
Requirements
- Bachelor's Degree in Finance or related field.
- Typically requires 15 years of experience in finance or accounting.
- Includes 10 years of management experience in financial operations management.
- Demonstrated success in contract negotiations.
- Excellent communication skills essential in order to interact effectively with all levels of management in and outside of the organization.
- Demonstrated ability to explain complex financial issues to non-finance managers and the joint laboratory Board.
- Demonstrated understanding of healthcare customer operations including but not limited to hospitals, physician clinics and extended care facilities.
Responsibilities
- Responsible for all internal and external financial reporting of joint lab and for-profit lab company.
- Responsible for development and management of the joint laboratory system capital and operating budgets.
- Acts as the liaison to Advocate and Aurora Finance departments.
- Establishes and maintains ACL finance policies.
- Oversees all financial reporting and billing related to Auroras for-profit commercial laboratory customers.
- Leads the negotiation process with managed care organizations, vendors and pathologists.
- Oversees outreach pricing and sales initiatives throughout Wisconsin and Illinois.
- Oversees the preparation of ACL financial records and regulatory filings.
- Assists senior management in the marketing process as it relates to financial data.
- Establishes and maintains laboratory pricing for commercial for-profit customers.
- Oversees inter-system laboratory billing to other Aurora sites, the maintenance of the laboratory's co-tenancy fixed asset records, and external and inter-company co-tenancy laboratory disbursements.
- Performs human resources responsibilities for staff which include interviewing and selection of new employees, promotions, staff development, performance evaluations, compensation changes, resolution of employee concerns, corrective actions, terminations, and overall employee morale.
- Develops and recommends operating and capital budgets and controls expenditures within approved budget objectives.
- Responsible for understanding and adhering to the organization's Code of Ethical Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations and laws applicable to the organization's business.
Benefits
- Competitive compensation
- Generous retirement offerings
- Programs that invest in your career development
- Paid Time Off programs
- Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
- Flexible Spending Accounts for eligible health care and dependent care expenses
- Family benefits such as adoption assistance and paid parental leave
- Defined contribution retirement plans with employer match and other financial wellness programs
- Educational Assistance Program
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What This Job Offers
Job Type
Full-time
Career Level
Manager
