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Director of Finance

Bronx, NY 10467

Department: Finance Job Number: 6228 Pay Rate: $175000 Employment Type: Full Time

Job Description

Our client, a nationally renowned academic medical center and integrated healthcare delivery system, is currently hiring a Director of Finance.
Responsibilities:
  • Overall financial operations of a multi-mission department including, but not limited to business services, financial planning, budgeting, accounting, reporting, auditing functions, and internal controls
  • Evaluates feasibility and ROI of business plans for expansions, practice acquisitions, provider recruitment and retention efforts; provides recommendations to senior leadership
  • Partners with senior leadership to assess and maintain physician compensation plans ensuring comparability with industry and regional competitors; designs and executes incentive models that aligns rewards with departmental goals
  • Participates in leadership meetings; partners with senior leadership to establish strategic priorities and implementation plans
  • Provides financial leadership to department and divisional managers in fiscal oversight including but not limited to business plan development, financial planning, revenue cycle efficiency improvements, and internal controls
  • Facilitates departmental cost savings by identifying areas of inefficiencies and implementing best practice financial policies
  • Partners with IT and analytic teams to develop and maintain KPI reporting tools and dashboards to evaluate productivity, utilization, revenue trends and identify inefficiencies
  • Oversees month-end and year-end close activities for the department including the handling of revenue, intercompany, payroll, and space allocation transfers
  • Partners with Professional Services and local revenue cycle resources to maximize billing and collection efficiencies through monitoring and analyzing of A/R, collection rates, wRVUs, and reimbursements rates
  • Oversees the department's consolidated annual operating budget consisting of clinical research, and teaching missions.
  • Leads the annual budgeting process; partners with department and divisional leadership to set appropriate financial goals.
  • Performs monthly and quarterly budget variance analysis and forecasts to ensure financial obligations are met; provides explanations for material variances; escalates issues to leadership; partners with stakeholders to develop and execute a correction plan.  
  • Creates reports for distribution to various constituents.
  • Development and maintenance of comprehensive financial and operational reporting including, but not limited to performance summaries and revenue and expense forecasts, and P&L statements and business and business plans for new and existing projects.
  • Evaluate capital requests for strategic initiatives including acquisitions, expansions or equipment.
  • Work with research team to design, plan, implement and monitor grants and clinical trial budgets to maximize revenue.
  • Facilitates departmental cost savings by implementing and maintaining financial best practices.
  • Develop, review and oversee recruitment and expansion business plans
  • Develop and implement financial management systems, enabling the department to meet its objectives within budgetary constraints. 
  • Oversee a robust contracts management and financial management/reporting system
  • Monitor all expenses on a variety of special funds, departmental funds and budgetary funds utilizing the SAP system.
  • Supports provides recommendations and reports to review strategic initiatives with member entities including service agreements and contracts for practice acquisition and expansion projects
Requirements:
  • Bachelor's Degree required
  • Master's Degree preferred
  • 10+ years work experience
  • Expertise in Microsoft Excel, SAP, and HCM.
  • Experience in STRATA preferred
  • High level fiscal, organizational development and administrative management skills specific to ambulatory, hospital, health care setting and/or a health care regulatory agency.
  • Ability to develop and lead the execution of strategic plans
  • Strong written and verbal communication skills
  • Demonstrated skill building high performing teams.
  • Demonstrated experience in project management.
  • Strong performance management and interpersonal skills.
  • Skilled in data analysis and development of comprehensive reports.

Job Perks:   

  • Competitive salary, great benefits, and other attractive incentives 
  • Generous PTO  
  • All major insurances (health, life, disability)  
  • Work-life balance is valued   
  • A team environment that believes in employee development, professional growth, and company longevity 
  • Culture is one of mutual respect, teamwork, and equality 
  • The organization embraces and values an inclusive work environment 

Salary: The posted range is not a guarantee. The actual salary will be based on qualifications, experience, and education and could fall outside of this range. Contact us for more information. 
 
If you are passionate about what you could accomplish in this role, we would love to hear from you!
#LI-LT1

Meet Your Recruiter

Lea Tal
Chief Executive Officer

Lea Tal leads her team of executive recruiters, leveraging decades of experience in healthcare recruitment and a passion for forging dynamic professional relationships. She holds a degree in Psychology and Sociology from the University of Massachusetts, Amherst.

Learn more about Lea, Tal Healthcare Employee Biography

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