Manager Budget & Business Performance

Baystate Health • Springfield, MA

11d

About The Position

The Manager of Budget and Business Performance is responsible for managing the day-to-day responsibilities of the BFMC, BWH, BNH, and BHH budget process to ensure Baystate continues to execute on its goals. The scope of responsibility for this Manager includes approximately $357M in operating expenses, 1,500 FTEs, and 300+ cost centers. Included in the Manager's responsibilities are the oversight and coordination of budget trainings with operational areas, ensuring the budget process adheres to timelines, and continuous monitoring of budget to actual performance once entity budgets receive board approval. During the fiscal year, this position will also be responsible for the compilation of periodic reports which contain real-time productivity, volume, and contribution margin for operational leaders to act upon. The duties of this position require exemplary MS office and Budget Performance Management software skills. The budget department is a consistent recipient of special, ad-hoc, projects and initiatives throughout the year. With assistance from staff and instruction from the Director, this Manager will be responsible for development, execution, and completion of these special projects. Budget liaison staff across BFMC, BWH, BNH, and BHH will report to the Mgr of Budget & Business Performance. The Manager will lead these members on a day-to-day basis to orient, train, develop and enhance the specialized skills required for budget. This Manager reports to the Director of Financial Analysis & Business Performance. In accordance with BH policies, the Manager will monitor the performance of team members and make recommendations regarding merit adjustments, hiring, promoting, and other HR/ personnel related activities. In additional to directly managing the day to day budget duties of BFMC, BWH, BNH, and BHH, this position is also responsible for ensuring finance leaders across the Baystate Health organization are all following consistent processes and timelines. In addition to technical and team leadership requirements of this function, it is also imperative this Manager also have strong, open relationships with operational leaders as this Manager, along with the Director of Financial Analysis & Business Performance, will serve as key points of contact in the budget development and review process. This position will have consistent interaction with senior leadership.

Requirements

• 5-8 Years
• Managerial abilities, possess technical and professional skills of accounting
• Ability to develop financial and other operational systems to accurately control hospital activities, and a familiarity of data processing capabilities and procedures
• Bachelors Degree

Nice To Haves

• Excellent oral and written communication skills, strong management experience, and the ability to team-build, lead, and work collaboratively with interdisciplinary professionals is essential
• Experience with implementing, maintaining, and fully utilizing various business software applications required
• Knowledge of operational financial management concepts such as flexible budgeting, productivity management, net revenue modeling, and cost accounting
• Must be able to lead a team independently, and demonstrate strong financial acumen throughout all areas of hospital finance
• Strong interpersonal skills and a desire to provide a high level of customer service are required as the position involves significant interaction with a variety of clinical, administrative, and financial representatives
• Fellow of Hospital Financial Management Association - Hospital Financial Management AssociationHospital Financial Management AssociationHospital Financial Management Association

Responsibilities

• Maintaining and directing multiple budget department team members to ensure department deliverables are produced timely and accurately.
• Review financial statements and KPIs to present monthly financial information at the Baystate close meeting.
• Develops and implements educational programs for budget staff, operations staff, and senior management related to the budget process, key performance indicators, benchmarking, productivity, and the business performance management software application.
• Responsible for the implementation, development, and maintenance of the budget function through the use of business performance management software system. Development of consistent reporting of financial information (budget variances, KPIs, productivity standards, flex reporting, benchmarking, etc.) for BFMC, BWH, BNH, and BHH, and coordination of variance explanations and corrective action plans.
• Responsible for investigating, communicating, and understanding significant budget to actual variances within the financial statements as they arise.
• Special projects as assigned; often involving direct communication and deliverables to senior leadership.
• Responsible for ensuring all necessary communications and educational sessions are available to the finance representatives to ensure consistency across organizations.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees