Finance Director, MGB Orthopedics & Sports Medicine

Mass General Brigham • Boston, MA

4d • Hybrid

About The Position

Receiving general direction from the Vice President of MGB Orthopedics & Sports Medicine and the Executive Director of Surgical Finance, the Finance Director is responsible for leading and providing oversight to the following areas in the department: financial management, budget and forecasting, expense management, and physician compensation plan. The Finance Director manages these activities through the effective direct oversight of 2-5 FTEs and assists with general administrative oversight of an additional 80+ clinical professional staff. Drawing on a broad understanding of hospital and department financial operations, policies and procedures, and displaying a high degree of initiative and independent judgment, the incumbent will collaborate closely with departmental, clinical, hospital and system leadership to continually assess and manage a wide range of issues. The role is defined by the following metrics: Corporate operating budget: approximately $15M Hospital operating budget: approximately $25M+ PO operating budget: approximately $120M+ Capital budget: Variable; up to $20M/year Directly supervises 2-5 FTEs Indirect oversight of 200+ professional, research, and administrative staff. Job Summary Works collaboratively with departmental and organizational leadership to manage the daily operations of the department or division, ensuring the smooth delivery of healthcare services and overseeing key administrative functions, including human resources, finance, compliance, facilities, and patient services. Helps to develop and implement operational strategies that align with the organization's mission, vision and values. Leads a team of healthcare professionals and administrative staff to achieve the organization's goals.

Requirements

• Bachelor's Degree Related Field of Study required or Master's Degree Related Field of Study preferred
• Progressive experience in healthcare administration or hospital operations 5-7 years required
• Previous Supervisory Experience 2-3 years required
• Leadership and team-building skills.
• Good interpersonal skills, including the ability to handle sensitive issues.
• Excellent verbal and written communication skills to be able to communicate effectively.
• Excellent negotiation skills for complex and sensitive agreements and contracts.
• Excellent problem-solving, decision-making, and conflict-resolution skills.
• Proficiency in financial systems and data analytic tools.
• Ability to delegate and effectively supervise and plan for the timely and successful completion of objectives.
• Ability to work independently and to accept responsibility for complex and sensitive decision-making.
• Knowledge of healthcare regulations, financial management, and patient care quality standards.

Responsibilities

• Under the organizational and Department leadership, determines overall vision, mission, direction, goals and objectives. Directs the strategic planning process, establishes and achieves long range goals, and ensures the implementation of strategic business plans.
• Leads the management team and staff fostering a positive and efficient work environment. Oversees hiring, training, and retention, ensuring adequate staffing levels.
• Engages with senior leadership to provide financial forecasting, long-term planning, and strategic recommendations. Establishes and achieves financial goals and measures and ensures on-going financial performance.
• Monitors spending trends and identifies opportunities for cost optimization and process improvements. Monitors and evaluates existing services and ensures the development of programs and services to respond to market.
• Develops and manages programmatic initiatives for care improvement, cost reduction and network development. Oversees patient services and care delivery, ensuring positive patient experience.
• Ensures compliance with all healthcare regulations and standards. Continually assesses and improves the efficiency of systems and processes.
• Conducts space needs planning and oversees the design of space renovations for facilities. Identifies and resolves facility problems.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager