Assists in all areas of responsibility as directed by the Medical Faculty Sr. Finance Director and Medical Faculty CFO. Responsibilities includes assisting in the planning, monitoring and analysis of Faculty Practice Budget variances, identifying budgetary issues, performing complex financial analyses, and working closely with department and divisional management on University and Medical Center initiatives. Responsible for the oversight of accrual processes across the Faculty enterprise in accordance with GAAP, University, and Medical Center guidelines. As needed, responsible for implementation/integration of new systems (financial, billing, and reporting) impacting the Faculty Group Division.
Under general direction and with latitude for independent action:
Responsible for the development and maintenance of the accrual revenue calculations process for all Faculty Practice Billings in Professional Billing System. Accountable for the accuracy of revenue and receivables by department and across the division.
Supervise the monthly close process; including all accrual journals (billing, allowance calculations, revenue contract, Faculty incentive, malpractice, depreciation, and others as needed), transfers between divisions, normal operational system journals, and post close entries.
Responsible for the production of monthly management reports used by Senior Leadership, Chairs, Administrators, and staff across departments in the Faculty Practice.
Monitors and reviews monthly revenue, expenditures, and volume statistics for all Faculty departments. Confers with department Administrators and staff regarding variance analysis and alerts the CFO and Sr. Director concerning situations requiring special attention and action.
Responsible for oversight of the yearly external audit of Faculty Practice financial and billing information.
Responsible for the reconciliation and analysis of Revenue and Receivables across the enterprise.
Collaborates in formulating and implementing financial policies, procedures and standards.
Collaborates in overall supervision of the Capital Budget and Divisional Operating Budget processes.
Supervises the team of Financial Analysts (6 FTEs) responsible for accounting, financial reporting, and auditing. Oversees recruitment and selection process, evaluates performance, recommends salary adjustments, and performs other personnel actions including employee engagement and professional development activities.
Bachelor’s degree in Finance or Accounting; 5 years of progressively responsible healthcare finance and budgeting experience; 1-2 years of supervisory experience preferred; or an equivalent combination of education and experience. Competency in MicroSoft Excel, database manipulation and modeling essential. Requires excellent analytical, communication and technology skills. CPA and/or MBA desirable.