Director, Financial Operations- BLH Medical Group

Beth Israel Lahey Health

2d•$150,000 - $165,000•Onsite

About The Position

When you join the growing BILH team, you're not just taking a job, you’re making a difference in people’s lives. The Director, Financial Operations is a member of the Beth Israel Lahey Health (BILH) system Services Finance team, reporting directly to the hospital or clinical unit CFO or the Assistant CFO (ACFO). Under the direction of the CFO or ACFO, this position is responsible for the daily oversight, management, and direction of all financial and business activities for the hospital or clinical unit. The Director, Financial Operations will support the planning, analysis, and implementation of strategic financial and operational priorities. This role will support the CFO or ACFO in driving quantifiable, sustainable improvement by working with stakeholders within the hospital or clinical unit, and across the system to identify ways to continuously drive financial improvement and transformational change.

Requirements

Bachelor's degree in Accounting or Business required.
3-5 years' related work experience required in a health care setting and 1-3 years supervisory/management experience required.
Able to work independently and handle multiple priorities.
Understands context of assignments and tasks and able to be flexible and adaptable to changing roles & priorities.
Ability to establish and maintain effective working relationships with facility staff and community.
Advanced skills with Microsoft applications which may include Outlook, Word, Excel, PowerPoint or Access and other web-based applications. May produce complex documents, perform analysis and maintain databases.

Nice To Haves

Master's degree in Business Administration or equivalent industry training and experience preferred.
Lean six-sigma certification.
Membership in ACHE or HFMA.

Responsibilities

Serves as the primary onsite support to the hospital Chief Financial Officer and/or ACFO.
Oversees the coordination and timely completion of regular financial reports and presentations to the hospital or clinical unit leadership team on month-end performance, budget status, projections, and strategic planning. Works with system management to create an efficient and timely financial operational review process.
Leads monthly operating review meetings with local department directors and other leadership team members.
Collaborates with department and service-line leaders to proactively identify short and long-term goals and develop action plans that lead to improved financial and operational performance. Develops solutions that are feasible, cost-effective and acceptable to the present stakeholders. Periodically monitors progress towards process improvement goals.
Responsible for obtaining and validating data supporting capital purchase needs, physician recruitment/replacement, and other investments. With the support of system services, completes proformas, ROIs, and lease vs. buy analysis as needed to support strategic plans.
Under the direction of the Chief Financial Officer or ACFO, leads and coordinates all financial planning activities including accounting, budgetary, audits, and other financial planning activities within the organization.
Conducts financial assessments on an ongoing basis to anticipate challenges and identify opportunities for financial improvement via service-line growth, revenue cycle improvements, and expense reduction initiatives. Perform assessments, analytical research and support including, but not limited to: root-cause analyses, cost/benefit analyses, and financial projection for departments.
Possesses subject matter expertise in finance and operations in the acute care setting. Utilizes experience to train department leaders on financial impact of clinical and operational decisions.
Oversees and performs quantitative analyses to inform decision-making and monitor progress against goals. Demonstrates a high level of personal and professional integrity. Possesses a strong work ethic with the ability to take initiative, as well as work collaboratively and contribute to a positive team environment.
Works with high degree of independence, while possessing strong judgment as to when to escalate concerns to leadership. Demonstrates a commitment to ongoing learning.
Has the authority to direct and support managers with functional area responsibilities. Has the direct responsibility to undertake the following employment actions: hiring, termination, corrective action and performance reviews.
Assists in planning, monitoring and/or managing budget in functional area of department.