Responsibilities: Prepare annual budget in conjunction with VP of Finance. Project hospital-wide departmental volume for budget year for review and update with senior leadership. Project MD level discharge volumes by service for budget year for review and update with senior leadership. Develop and instruct department heads concerning budget policies, procedures, forms and timetable. Coordinate and run annual budget meetings with department managers. Assist in preparation of annual budget report including comprehensive pro forma financial statements. Educate department heads on reading month end reports and the process for documenting variance explanations. Maintain report distribution structure in Budget Advisor. Kick off monthly report distribution jobs. Support general accounting in month end close process by reviewing budget variances and recommending accruals. Prepare facility specific month end reports to support the organization using various systems (Meditech, Budget Advisor, Decision Support). Oversees the preparation of month end statistical reports. Analyze expense variances on a monthly basis, and report to VP of Finance. Work with corporate Decision Support to develop and maintain a methodology of allocating indirect costs to direct departments. Use decision support system to complete ad-hoc analyses. Develop special analyses as required by the VP of Finance and other members of administration or department managers. ROI analysis of new business development projects. Complete financial surveys as requested. Thorough understanding of the principles of accounting and finance statements. Very strong analytic and technical skills; including knowledge of health plan. Ability to use data and information to effectively influence behavior, to develop and argument or to persuade. Able to translate complicated data into useable information. Demonstrated strong organizational and project management skills to manage complex projects through effective planning. Ability to work closely with senior leadership. Excellent verbal and written communication skills; outstanding interpersonal skills; ability to relate positively with individuals at all levels of the organization. Demonstrate creativity, flexibility, and be a self-motivated professional with sound judgment. Maintains information in a confidential manner according to policy. Extensive experience with financial ERP systems, Microsoft Excel and PowerPoint. Experience developing complex financial models.
Qualifications: 5-7 years of related healthcare finance experience. Bachelor’s degree required; Business, Finance or Accounting major preferred but not required. Progress towards MBA a plus.
Steward Health Care - 20 months ago