Hospital Financial Controller Full Time Days

Dmc Harper University Hospital • Detroit, MI

258d

About The Position

DMC Harper University Hospital has distinguished itself in surgery and medicine and is known for its clinical expertise and innovative research. A specialty referral hospital, Harper has established Centers of Excellence in neurosciences, bariatric surgery, vascular services, multidisciplinary cardiovascular services, hypertension, stroke prevention and heart failure. The Hospital Controller is responsible for budgeting, overall cost control, purchasing liaison, inventory and supply control, position control, and other financial matters as directed. This role involves preparing and submitting for approval the annual Operating Budget, translating hospital objectives into departmental objectives, and assisting operating management in identifying and implementing plans to achieve Budget objectives. The Controller will work with the corporate Budget director to meet timing and data requirements, establish a Budget reporting process that focuses on measurable cost performance, and integrate reporting input into senior management and corporate reports. Additionally, the Controller will identify cost control and cost management issues, recommend actions to resolve them, and assist in the implementation of corrective actions. Regular meetings with department and senior operating management will be held to review financial results, and participation in senior management meetings involving financial issues is expected. The role also includes investigating variances from budget or plan, preparing and submitting the annual Capital Budget, and working with Departments and Senior Management to prioritize capital needs. The Controller will monitor the ongoing use of capital funds, establish cost control mechanisms, and ensure compliance with laws, government regulations, JCAHO requirements, and DMC policies.

Requirements

• Bachelor's Degree in Accounting, Business Administration, or related field or equivalent combination of education and experience.
• MBA or equivalent Advanced degree preferred.
• Five to seven years experience in a progressively more responsible Health Care Financial position.
• Experience with budgeting, cost accounting, and financial analysis.

Responsibilities

• Prepare and submit for approval the annual Operating Budget.
• Translate hospital objectives into departmental objectives.
• Assist operating management in identifying and implementing plans to achieve Budget objectives.
• Work with corporate Budget director to meet timing and data requirements.
• Establish a Budget reporting process that focuses on measurable cost performance.
• Integrate reporting input into senior management and corporate reports.
• Identify cost control and cost management issues and recommend actions to resolve.
• Assist in the implementation of corrective actions.
• Meet regularly with department and senior operating management to review financial results.
• Investigate variances from budget or plan and quantify them in dollar terms.
• Prepare and submit for approval the annual Capital Budget.
• Work with Departments and Senior Management to prioritize capital needs.
• Monitor the ongoing use of capital funds and reassess capital priorities as needed.
• Establish cost control mechanisms that are easily understood by operating management.
• Establish cost metrics that management can use to achieve financial objectives.
• Review new and existing product lines, contracts, and business ventures to provide financial analysis.
• Approve personnel actions such as hires, fires, and disciplines.
• Ensure the timely completion of performance appraisals.
• Allocate resources to carry out necessities required by the organization.
• Monitor activities for compliance with laws, government regulations, and DMC policies.
• Implement external and internal audit recommendations as directed.

What This Job Offers

• Job Type: Full-time
• Industry: Hospitals
• Education Level: Bachelor's degree