Executive Finance Administrator CWM
University of Massachusetts Medical School - Shrewsbury, MA

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Reporting to the Executive Vice Chancellor, Commonwealth Medicine (EVC) and the Associate Executive Vice Chancellor for Administration & Finance (AEVC), the Executive Finance Administrator, CWM (EFA) will be responsible for overseeing CWM Enterprise (CWM) budgetary planning and oversight, variance reporting, cost management and control systems, and other finance related processes specific to the operation of CWM and its business objectives. Under the general direction the EVC and with guidance from the AEVC, will develop performance objectives (e.g. performance metrics, service level standards, and goals) and assist CWM managers to effectively utilize these tools to manage and achieve business goals; and manage and adapt financial operations in a dynamic business development environment that encompasses emerging as well as established business operations. The EFA will have responsibility for the overall performance and operation of CWM business support operations including budgeting, financial planning, financial analysis and will design, communicate, and implement procedures for the overall efficient operation of CWM in compliance with University financial policies and procedures.

Responsibilities:
MAJOR RESPONSIBILITIES:
Serves as a member of the CWM Executive leadership to ensure the successful completion of strategic initiatives in support of the Enterprise and UMMS that demonstrate fiscal responsibility
Oversee long term budgetary planning and cost management in alignment with CWM’s strategic plan
In conjunction with AEVC Administration & Finance, establish appropriate internal systems to support CWM business operations consistent with the reporting requirements of the medical school and needs of CWM
Participate in various CWM meetings and Committees: Executive Leadership Team, Strategic Planning Committee (Co-Lead of Growth & Diversification Workgroup), Operations Committee, etc. Also serves on UMMS committees as assigned (such as e-13).
Monitor compliance with University policies, coordinate systems and procedures, and prepare general operating data and key reports (e.g. interim and year-end operating results (in conjunction with AEVC), performance against client service level and performance requirements, performance against shared service center performance targets) as required
Serve as CWM enterprise financial liaison to public agency partners and/or clients
Responsible for decisions/presentation of CWM enterprise financials, operations and results
Establish a financial plan including allocation methodologies
Work with operations managers and fiscal staff across CWM business functions to ensure appropriate understanding and monitoring of financial reports
Develop pricing methodologies and assist program managers in responding to RFP’s, Grant opportunities and contract proposals
Identify and improve data quality issues affecting expense recoveries
Identify savings opportunities
Conduct special studies of specific operations and/or opportunities requiring the development of data, interpretation of intangible or unusual factors, summarization of findings, and presentation of recommendations and suggestions
Oversee the preparation of CWM operating and capital budgets and cash flow plans as well as establish and monitor controls
Drive productivity and continuous improvement within all areas or responsibility
Provide clear direction and direct feedback to staff to ensure critical goals are accomplished on time and according to standard
Mentor and develop direct report staff
Work closely with other key management personnel in offering guidance and advice regarding internal and external financial decisions, which will take full advantage of the company's assets and growth potential
Partner with colleagues, in a team approach, to get things done, lead the necessary change efforts and deliver superior results
Stay current with developments, practice trends, industry positions, and promulgations in the accounting profession
Performs other duties as assigned

Qualifications:
REQUIRED QUALIFICATIONS:
Bachelors in finance, accounting or related course of study
10 years of progressively relevant job experience in a complex financial services, health care or academic environment
Ability to work across complex organizations in a highly collaborative manner
Excellent written and verbal communication skills are required

REQUIRED COMPETENCIES:
Effective communications skills required to explain required explaining, describing, or conveying detailed information to senior management
Must have proven analytical skills to think logically and develop insightful analysis and explanations
Must have breadth of business experience and depth of financial competency to excel in the duties in emerging and established business and contract operations
Must have ability to quickly assimilate into existing management team and effectively manage appropriate pre-existing relationships, internal and external to the company; Strong relationship-building skills are a must
Must be an excellent communicator capable of motivating and leading individuals to perform their best
Individual must have the ability to be objective and be an articulate problem solver who can work effectively with others to implement creative, outside-the-box solutions. The ability to effectively plan and organize the function by thinking ahead, identifying barriers, and monitoring progress of plans is needed

PREFERRED QUALIFICATIONS:
CPA or MBA preferred
Experience in a senior level financial role
General knowledge of federal financial participation in state Medicaid programs

University of Massachusetts Medical School - 19 months ago - save job - block
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