NYC Health + Hospitals

ASSISTANT DIR. CAPITAL BUDGET & CONTRACT CONTROL

NYC Health + Hospitals$90K — $120K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's Degree in Business Administration, Health Care Administration, Engineering, or related field; or Professional Engineer license; or Architect registration
  • 6 years of managerial experience in capital programs or budget management, including 2 years in healthcare facilities
  • Experience with cross-functional team support
  • Strong knowledge of fixed asset accounting and lifecycle management
  • Familiarity with GAAP requirements and capitalization policies
  • Proficient in Oracle, PeopleSoft, Kahua; advanced skills in Microsoft Excel

Responsibilities

  • Oversee financial tracking of capital improvement projects and ensure accurate cost capture
  • Collaborate with teams to monitor project budgets and expenditures
  • Act as liaison for medical equipment acquisitions and funding sources
  • Maintain the accuracy of asset ledgers and monitor depreciation
  • Develop internal controls compliant with GAAP standards
  • Support audits and maintain compliance with policies and regulations
  • Prepare financial reports and variance analyses for capital projects

Benefits

  • Comprehensive health benefits for employees working 20+ hours/week
  • Retirement savings and pension plans
  • Paid holidays and vacation according to contracts
  • Loan forgiveness programs for eligible employees
  • College tuition discounts and professional development
  • Union benefits for eligible titles
  • Employee discount programs
  • Commuter benefits programs
Full Job Description
Work Shifts

9:00 A.M - 5:00 P.M

Duties & Responsibilities

POSITION OVERVIEW: (Primary Purpose of Position)

Responsible for financial oversight, tracking and reporting of capital improvement projects (CIP), bio med equipment including payroll allocation, funding sources, and grant compliance. Acts as a multi-site liaison between finance, local Plant and operations, OFD, Biomed, supply chain and central office teams to ensure accurate cost tracking, alignment with budget and funding requirements for NYC H+H PAC division.
ESSENTIAL FUNCTIONS: (List in order of importance to role and time spent on function)
  • Capital Improvement Projects (CIP), budgets and expenditures. Collaborates with facilities, engineering, central office, procurements and operations team to ensure accurate project cost capture and timely and accurate reporting. Proactively follow CIP project stages to ensure timely substantial completion and accurate prompt capitalization to fixed asset accounts. Maintain and oversees the asset lifecycle (acquisition, capitalization, depreciation, transfer and disposal)
  • Track and allocate payroll + FB + OTPS costs related to in-house improvements/ projects that are capitally eligible in coordination with facilities and operations teams.
  • Oversees medical equipment acquisitions. Key liaison between sourcing, PAC finance and operations team. Monitor and report on medical equipment (major/ Minor) facility budget, capital grants and funding sources.
  • Monitor accuracy of Asset ledger related to cost of capital item, depreciation etc.
  • Develop and enforce internal controls related to capital projects and assets in accordance with GAAP.
  • Support internal and external audits related to capital assets, projects and funding. Maintain compliance with organizational policies and regulatory requirements.
  • Manage accounting and compliance for capital grants and funding sources. Ensure alignment between project spending and funding requirements.
  • Manage, plan and monitor repurposing of capital funding that are available for repurposing per capital / Kahua tracker.
  • Prepare financial reports, forecasts and variance analysis for capital projects.
  • Ensure proper accounting of rental Medical and other equipment (vendor invoices need to match with actual equipment rented by facility).
  • Assist in budgeting and short term and long-term capital planning.
  • Educate local department heads on how to identify depreciable assets per NYC H+H policy.
  • Responsible to travel to all PAC facilities to monitor and track progress on capitally eligible projects, rental equipment and proper capture of PS+ FB + OTPS for in-house renovation projects.
  • Any other assignments assigned by supervisors.


Minimum Qualifications
1. A Masters Degree in Business Administration, Science, Health Care Administration, Engineering or related program from an accredited college or university or a license as a Professional Engineer or registration as an Architect; and,
2. Six years managerial experience in Capital Program or budget work in the construction field, including two years experience in budget administration and management of health care facilities; or,
3. A satisfactory equivalent combination of education, training and experience.

Department Preferences

  • Experiencing managing or supporting Capital Improvement Programs and fixed asset accounting.
  • Background working with cross-functional teams (facilities, engineering, operations etc.)
  • Experience in healthcare, large multi-site organizations strongly preferred.
  • Strong knowledge of fixed asset accounting and asset lifecycle management.
  • Understanding capitalizing policies and GAAP reequipments.
  • Experience with Oracle, PeopleSoft, Kahua and asset management modules.
  • Advanced proficiency in Microsoft excel (financial modeling, data analysis, reconciliation)
  • Familiarity with project tracking tools and reporting systems
  • Strong Analytical and communication skills


Benefits

NYC Health and Hospitals offers a competitive benefits package that includes:
  • Comprehensive Health Benefits for employees hired to work 20+ hrs. per week
  • Retirement Savings and Pension Plans
  • Paid Holidays and Vacation in accordance with employees' Collectively bargained contracts
  • Loan Forgiveness Programs for eligible employees
  • College tuition discounts and professional development opportunities
  • College Savings Program
  • Union Benefits for eligible titles
  • Multiple employee discounts programs
  • Commuter Benefits Programs


If you wish to apply for this position, please apply online by clicking the "Apply for Job" button.

About NYC Health + Hospitals

NYC Health + Hospitals is a healthcare system that provides medical care to residents of New York City. The system was founded in 1969 and is headquartered in New York, New York. NYC Health + Hospitals has a network of hospitals, clinics, and other healthcare facilities throughout the city. The system provides a wide range of medical services, including primary care, specialty care, and emergency care. NYC Health + Hospitals is committed to providing high-quality, affordable healthcare to all New Yorkers, regardless of their ability to pay.
Learn more about NYC Health + Hospitals
Size
42,000 employees
Industry
Net Income
-$500,000
5 Year Trend
-10%
Revenue
$7 billion

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