Business Office Manager
About The Position
The Business Office Manager is a key financial leadership role responsible for overseeing and managing the financial operations of our Skilled Nursing Facility. This includes budgeting, financial reporting, compliance, and strategic financial planning to ensure the facility's fiscal health and sustainability. Key Responsibilities: Financial Planning and Analysis: Develop and implement financial plans, budgets, and forecasts in collaboration with senior management. Analyze financial data, trends, and performance to provide insights for decision-making. Budget Management: Lead the annual budgeting process, working closely with department heads to establish realistic and effective budgets. Monitor budget performance and variance analysis, making recommendations for adjustments as needed. Financial Reporting: Prepare accurate and timely financial reports, statements, and analyses for internal and external stakeholders. Ensure compliance with accounting principles and reporting standards. Cash Flow Management: Manage cash flow, including monitoring daily cash balances, overseeing payables and receivables, and optimizing working capital. Implement effective cash management strategies. Financial Compliance: Ensure compliance with regulatory requirements, accounting standards, and internal policies. Collaborate with auditors during financial audits and implement audit recommendations. Cost Control and Efficiency: Identify opportunities for cost savings and efficiency improvements. Implement measures to control costs without compromising the quality of services. Financial Systems and Technology: Oversee the implementation and maintenance of financial systems and technology. Stay informed about advancements in financial technology that could benefit the facility. Contract and Vendor Management: Review and negotiate contracts with vendors and service providers. Ensure cost-effective vendor relationships and compliance with contract terms. Financial Leadership: Provide leadership and guidance to the finance team, ensuring a high level of performance and professionalism. Collaborate with other department heads to align financial strategies with overall organizational goals. Strategic Financial Planning: Contribute to the development and execution of the facility's long-term financial strategy. Provide financial insights and recommendations to support strategic decision-making.
Requirements
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
- Proven experience in a financial leadership role, preferably in healthcare or long-term care.
- In-depth knowledge of financial principles, accounting standards, and regulatory requirements.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in financial management software and Microsoft Excel.
- Leadership and team management abilities.
Responsibilities
- Financial Planning and Analysis: Develop and implement financial plans, budgets, and forecasts in collaboration with senior management.
- Analyze financial data, trends, and performance to provide insights for decision-making.
- Budget Management: Lead the annual budgeting process, working closely with department heads to establish realistic and effective budgets.
- Monitor budget performance and variance analysis, making recommendations for adjustments as needed.
- Financial Reporting: Prepare accurate and timely financial reports, statements, and analyses for internal and external stakeholders.
- Ensure compliance with accounting principles and reporting standards.
- Cash Flow Management: Manage cash flow, including monitoring daily cash balances, overseeing payables and receivables, and optimizing working capital.
- Implement effective cash management strategies.
- Financial Compliance: Ensure compliance with regulatory requirements, accounting standards, and internal policies.
- Collaborate with auditors during financial audits and implement audit recommendations.
- Cost Control and Efficiency: Identify opportunities for cost savings and efficiency improvements.
- Implement measures to control costs without compromising the quality of services.
- Financial Systems and Technology: Oversee the implementation and maintenance of financial systems and technology.
- Stay informed about advancements in financial technology that could benefit the facility.
- Contract and Vendor Management: Review and negotiate contracts with vendors and service providers.
- Ensure cost-effective vendor relationships and compliance with contract terms.
- Financial Leadership: Provide leadership and guidance to the finance team, ensuring a high level of performance and professionalism.
- Collaborate with other department heads to align financial strategies with overall organizational goals.
- Strategic Financial Planning: Contribute to the development and execution of the facility's long-term financial strategy.
- Provide financial insights and recommendations to support strategic decision-making.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
