Financial Consultant, Sr

Orlando Health • Orlando, FL

7h

About The Position

Responsible for the creation, execution and refinement of financial analyses, processes, accounting, reporting, reimbursement and other finance and accounting related activities.

Requirements

• Master’s degree in Finance, Business Administration, Accounting or related field.
• A Bachelor’s degree in Finance, Business Administration, Accounting or related field and five (5) years of directly related work experience may substitute for the Master’s degree (in addition to the requirements listed in the Experience section).
• Prior attainment of CPA may substitute for the Master’s degree requirement.
• Five (5) years of experience in financial analysis and planning, accounting, reimbursement, public accounting, contracting experience or consulting.
• Computer experience required with an emphasis on spreadsheet and database programs.

Responsibilities

• Serves as a finance business partner to executive leadership on a regular basis.
• Responsible for financial oversight of complex financial functions and processes including support to multiple business units.
• Support business planning processes, the development of annual operating and capital budgets, accounting related business processes, financial reporting, decision support and cost accounting, regulatory filing or other similar finance and accounting related activities.
• Provide internal and external customers with accurate and timely data to support strategic decision making and compliance.
• Provide accurate internal and external financial accounting and reporting.
• Provide resources, project management, and specialized knowledge to assure effective and timely completion of projects.
• Maintains reasonably regular, punctual attendance consistent with Orlando Health policies, the ADA, FMLA and other federal, state and local standards.
• Maintains compliance with all Orlando Health policies and procedures.
• Specialization in Strategic and Financial Planning: Develop and prepare financial and statistical reports to support leadership in business development, strategic planning and financial performance review. Responsible for developing and maintaining reporting to evaluate financial performance compared to key performance indicators. Develop and interpret reports to assist leadership with evaluation of trends and/or changes in business practice. Develop and prepare predictive models to assist management with the evaluation of changing regulatory and market forces. Assist with long term plan, annual budget and forecast development, including the gathering of necessary data, development of supporting models, collaborating with internal partners to determine assumptions and establish key benchmarks. Develop monthly, quarterly and ad-hoc forecasts to provide direction and insight for decision making. Collect, analyze and present financial information to assist leadership in identifying risks and opportunities. Build and maintain strong relationships throughout the organization, community and within the field of healthcare. Provide direction and perspective on strategic business decisions. Remain current on industry trends, key competitors and other market forces. Champion best practices and assess process improvement opportunities that drive improved efficiency and productivity. Assist with initiatives to improve planning processes and to support strategic development with timely analysis of data. Collaborate with corporate accounting and leadership to identify challenges and priorities. Assist with financial modeling, analysis and valuation of new service lines and businesses.
• Specialization in Accounting: Responsible for identifying, developing and maintaining accounting journal entries in the assigned area. Must maintain an understanding of current GAAP in the assigned area. Maintain assigned accounting related systems such as general ledger, fixed assets, and other applications, and related upgrade implementation planning, testing, troubleshooting, and problem resolution. Develop and maintain relationships with internal and external individuals and firms that are the sources of necessary information used for in the preparation accounting entries in the assigned areas. Oversee and review the work of assigned accounting and financial analyst staff to assure accurate and timely accounting and reporting. Prepare annual cost reports, AHCA, and other regulatory filings. Develop and maintain adequate internal controls over financial reporting and protection of assets in the assigned areas. Monitor records retention for all departmental records, producing as needed for auditors. Manage the external audit process, assuring accurate and timely provision of requested items to the auditors.
• Specialization in Reimbursement: Maintain knowledge of current regulations and assure the Company is in compliance with them. Provide ongoing financial oversight in reimbursement. Prepare and file annual cost reports. Coordinate the completion of all time studies, rotation schedules, bad debt logs, and concurrent nursery logs throughout the fiscal year that are used to complete the annual cost reports. Complete monthly close schedules and accounting journal entries, ensuring proper statement of contractual adjustments and third party receivables and payables. Complete monthly close schedules and journal entries including allowances and reserves to properly state patient accounts receivable. Complete reports for the annual financial statements external audit. Oversee and coordinate information gathering for cost report audits. Maintain knowledge of general ledger system, and such support systems as necessary to insure smooth flow of information to users. Monitor records retention for all departmental records, producing as needed for auditors.
• Specialization in Labor & Productivity Management: Handle day-to-day activities related to the core processes and tools of the Labor Management Program and manage the LaborLytics productivity system. Develop labor management / workforce performance dashboards, scorecards, flexible budgeting, and other reporting tools. Maintain productivity standards, targets, and statistics, and recalibrate targets based on operation or regulatory changes. Work with leaders to determine workload measures and staffing targets. Work with leaders to understand their productivity, demand patterns, staffing to demand, and other issues to meet their targets. Support the replication and adoption of labor management best practices throughout the organization. Produce and provide special reports to executives and leaders across the organization along with analysis and interpretation of the information therein. Support the Monthly Financial Reporting and Quarterly Operating Review processes. Participate in and support the process of working with Leaders to develop appropriate benchmarks for their operations. Produce reports and prepare analyses for hospital and system executives that identify potential opportunities and provide recommendations for action. Participate in the budget process by working with Corporate and site Finance to provide information, analysis, and advice. Work closely with Financial Planning, Decision Support, and facility Finance teams to support the budgeting and productivity target-setting process and the measurement of outcomes. Work with leaders in a consultative capacity to help them identify opportunities, and to help them realize those opportunities through the development and execution of action plans as it relates to operational productivity improvement. Work closely with human resources (HR) leadership and support efforts on various team member issues impacting labor spend. Model effective change management behaviors (honesty, integrity, reliability, and persuasiveness), and serve as a change agent by consulting with leaders to implement change effectively. Facilitate reviews and provide recommendations that lead the organization toward a more consistent operating model. Assist with the development and delivery of leader educational content in the area of Labor Management for leaders at all levels. Provide one-on-one and small group coaching to leaders to enhance their skill level and effectiveness.
• Effective communication and interpersonal skills. Required to effectively communicate complex financial models to a wide variety of audiences through verbal and written presentations.
• Ability to manage large projects and oversee leadership of cross-functional teams.
• Participates in/attends meetings as required. May be asked to chair or lead meetings.
• Completes all Orlando Health mandatory education.
• Assumes the responsibility for professional development and continuing education.

Benefits

• Forbes Recognizes Orlando Health as a Best-In-State Employer
• Forbes has named Orlando Health as one of America's Best-In-State Employers for 2024.
• Orlando Health is the top healthcare organization in the Metro Orlando area to make the prestigious list.
• Employee-centric
• Orlando Health has been selected as one of the “Best Places to Work in Healthcare” by Modern Healthcare

What This Job Offers

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