Manager, Site Financial Operations, Residential Care and Affiliates

Hackensack Meridian Health•Iselin, NJ

1d•Onsite

About The Position

The Manager of Site Financial Operations for Residential Care and Affiliates is a network position within the Finance Department of Hackensack Meridian Health (HMH). Reports to the Residential Care and Affiliates Controller and assists in providing support to the Ventures, Residential Care and Affiliates Division executive leadership team relative to financial operations including but not limited to, budgets, monitoring monthly financial performance, revenue cycle, conversion and financial planning for campus/division projects, etc.

Requirements

Bachelor's degree in Accounting or Finance.
A minimum of 5+ years of management experience and/or 7+ years of progressive experience in finance, planning, or directly related activities in the healthcare industry.
Minimum of 7 years of progressive experience in accounting and/or financial analysis.
Working knowledge of all aspects of PeopleSoft General Ledger System.
Must be highly computer literate, including advanced use of Excel.
Must be willing to roll up sleeves.
Must be able to establish effective working relationships with Senior Management and Staff at all levels of the organization.

Nice To Haves

Master's in Business Administration (MBA) and/or Certified Public Accountant (CPA).
Public accounting experience.
MBA or Certified Public Accountant (CPA) preferred.
Public accounting experience preferred.

Responsibilities

Assists materially in development of operating budgets. Reviews current expense trends, research budget discrepancies and anticipates new expenditures. Reviews departmental budgets with on-site department directors/managers. Coordinates budget education sessions, analyzes and validates budget assumptions. Submits draft budgets to Corporate Finance Team to be loaded into budget system.
Manages budget tables as necessary for access, appropriate set up, and tracks completion of all Residential Care and Affiliates Division budgets.
Supervises work of analyst(s) responsible for compiling and analyzing financial information.
Prepares detailed financial analysis and trend reports including FTE, supplies expense and statistical data to support strategic goals and targets set by Network Leadership and Corporate Finance Team.
Prepares analysis for and participates in some executive leadership and operations meetings within the Corporate HMH structure.
Works with leadership to organize capital needs for all Ventures, Residential Care and Affiliates Division as assigned areas, reviewing business plans with Financial Planning team and respective Corporate area leaders.
Assists in monthly financial close process, researching revenue and expense variances and providing guidance related to areas of strength and weakness to the Corporate Finance Team.
Assists in providing information and or coordination, where necessary, for campus, relative to tax returns, construction projects, annual statistics for marketing materials, surveys, and other lists, support for annual external audits, liaison for annual or periodic inventories, and research projects.
Assists Corporate Finance Team in other projects, including leading due diligence, development of feasibility studies, valuation, financial disclosures, and other related duties as assigned.
Responsible for assigned revenue analytics, assigned areas of the revenue proof and specialty reporting and programs requiring specialized knowledge.
Works on special projects for senior leaders as needed, which will likely include but not be limited to revenue cycle analytics as well as implementation and/or conversion issues.
Assists in preparation of financial reports within the organization to aid corporate decision making and strategic planning. Ensures reports reflect accurate and up-to-date information and are distributed on a timely basis. Acts as liaison for on-site staff and provides support for systems conversions, upgrades, etc.
Acts as liaison for corporate staff to educate and ensure staff understand Network-wide and Hospital-site policies.
Conducts financial planning and analysis to interpret trends, variances from budgets, and variances from standards and provides advice and counsel to staff consistent with established financial policy. Makes recommendations based on these analyses.
Develops and monitors internal control systems to safeguard assets.
Assures the absolute financial integrity of hospital's financial reporting data.
Actively participates in development of financial and statistical reports/charts/graphs/analysis within Network business intelligence reporting system.
Assumes an active role in analyzing and exploring means of reducing hospital operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.
Works with leadership in the development of short- and long-range planning objectives. Provides leadership and professional skills to ensure financial plans meet desired objectives.
Manages and assigns information requests and oversees interactions with corporate internal audit staff.
Other duties and/or projects as assigned.
Adheres to HMH Organizational competencies and standards of behavior.