Director Finance Service
About The Position
Under the direction of the Senior Finance Leader, this role prepares proformas or financial analyses to meet organization decision-making needs. It leads the budget and forecast processes for the site(s), establishing timing, methods, and processes, and ensuring the integrity of the budget through controls. The position directs or prepares the revenue budget, quantifies revenue enhancement and cost reduction opportunities, and assists leadership in identifying financial improvement opportunities. It works collaboratively with site department leaders to improve financial performance in areas such as labor productivity, cost management, revenue capture, and denials reduction. The role also directs the site capital process, including requests, approvals, tracking, reporting, and staffing the capital committee. It prepares presentations and reports for senior leadership and may present financial information at management meetings. The Director serves as a resource and liaison for site leadership, corporate finance, and other departments affecting financial performance and revenue cycle. This includes providing guidance on policies, directing financial statement preparation, consulting on finance-related issues, and notifying about material issues impacting net reimbursement. The position oversees, explains, and interprets close results, partners with leadership to review and reconcile unusual expenses and variances, and directs the production and distribution of reports. It leads site productivity huddles, partnering with operational leaders to achieve labor productivity and cost management goals. Additionally, the role performs human resources responsibilities for staff, including interviewing, selection, development, performance evaluations, compensation, and employee relations. It develops and recommends operating and capital budgets and ensures adherence to the organization's Code of Ethical Conduct.
Requirements
- Master's Degree (or equivalent knowledge) in Finance or related field.
- Typically requires 7 years of experience in financial operations which includes experiences overseeing financial operations and developing and executing financial strategies within a large complex organization.
- Includes 3 years of management experience in financial management.
- Excellent relational skills and ability to get things done through teamwork, persuasion and influence
- Excellent communication skills and ability to work with executive boards, teams, physicians and staff.
- Formal presentation and business writing skills.
- Ability to explain complex financial information in ways non-financial people can understand and relate to.
- Excellent analytical skills, including ability to review quantitative and qualitative data and reach sound conclusions
- Effective collaboration and teamwork skills, including ability to partner with operations leaders to improve financial management of organization resources.
- Strong understanding of health care dynamics and economics as it relates to the profitability of various services and the margin contribution available with marginal investment.
Nice To Haves
- Healthcare experience preferred.
Responsibilities
- Prepares proformas or financial analyses to meet organization decision making needs.
- Leads the budget process for the site(s), including establishing the timing, methods and process for the budget.
- Establishes controls and processes that insures the integrity of the budget.
- Directs or prepares revenue budget for the organization, including gross revenues, contractuals and bad debts/charity.
- Quantifies and budgets revenue enhancement and cost reduction opportunities.
- Assists the Senior Finance Leader and site leadership in identifying financial improvement opportunities.
- Leads the forecast process in a similar manner.
- Works collaboratively with site department leaders and SRCO to help improve site financial performance, including improved labor productivity, cost management, revenue capture, denials reduction, and other areas.
- Directs the site capital process, including the capital request and approval process, tracking and reporting of capital dollars, and preparation of proformas and other financial analyses as directed.
- Staffs the site capital committee.
- Prepares presentations, reports and other information for the Senior Finance Leader and executive team as requested.
- May present financial information at management team meetings.
- Serves as a resource/liaison for site(s) or service line leadership, corporate finance staff (general accounting and reimbursement, etc.) departments and functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology for the site(s) or service line by providing guidance on policies and procedures, provides direction of financial statement preparation process, consultation on specific finance-related issues or day-to-day operations issues, notification regarding material issues impacting net reimbursement, etc.
- Oversees, explains and interprets close results for site(s) or service line leadership.
- Partners with leadership to review and reconcile unusual expenses, unfavorable variances, or cost saving opportunities.
- Directs the production of reports and distributions to the organization.
- Analyzes close while explaining variances.
- Partners with site(s) or service line leadership to review and reconcile unusual expenses, unfavorable variances, or cost savings opportunities.
- Directs the production of reports and distributions to the organization.
- Leads site(s) or service line productivity huddle while partnering with operational leaders to assist in achieving labor productivity and cost management goals.
- 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
- Comprehensive suite of Total Rewards: benefits and well-being programs
- 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
Director
