Master's Degree in Accounting, Finance, Business Administration, or related field; or Bachelor's Degree with additional experience.
5-7 years of managerial experience in finance-related roles within healthcare.
Strong knowledge of healthcare financial management, including budgeting and financial planning.
Experience with revenue cycle management and hospital reimbursement processes.
Ability to analyze financial performance and recommend improvements.
Responsibilities
Direct day-to-day financial operations, including budgeting and financial reporting.
Collaborate with Central Office Finance on local financial processes.
Assist CFO in developing short- and long-range financial plans.
Monitor and analyze operating and capital budgets with senior leadership.
Oversee financial analyses and management reports, identifying trends and variances.
Support revenue performance and cash flow processes with revenue cycle management.
Ensure compliance with financial regulations and coordinate audits.
Benefits
Comprehensive Health Benefits for employees working 20+ hours per week.
Retirement Savings and Pension Plans.
Paid Holidays and Vacation per collective bargaining contracts.
Loan Forgiveness Programs for eligible employees.
College tuition discounts and professional development opportunities.
College Savings Program.
Union Benefits for eligible titles.
Multiple employee discount programs.
Commuter Benefits Programs.
Full Job Description
Duties & Responsibilities
Under general direction of the Chief Financial Officer (CFO), exercises independent judgment in directing, coordinating, and evaluating financial operations within the assigned health care setting. Oversees the implementation of financial priorities, addresses performance issues, and aligns financial activities with System and site objectives, in collaboration with clinical and administrative leadership. This role is accountable for the effective execution of assigned financial functions and the financial information needed to support oversight and decision-making.
Essential Duties and Responsibilities:
Directs and oversees the day-to-day operations and performance of assigned financial functions, including budgeting for Personal Services and Other Than Personal Services, financial planning and reporting, accounts receivable, revenue cycle, cash management, property management, capital planning, internal controls, regulatory compliance, and other financial functions as assigned.
Leads in collaboration with Central Office Finance, local financial related processes that impact the provision of centralized services to local employees and/or to the facility and/or that impact the efficient operation of the centralized areas of financial reporting and accounting, accounts payable, payroll, treasury, fixed assets, cash receipts, audits, and reimbursement.
Assists the CFO in developing and implementing short- and long-range financial plans and operational priorities aligned with System goals.
Monitors the development, implementation, monitoring, and analysis of operating and capital budgets, partnering with senior executive leadership to establish allocations and resource requirements.
Analyzes financial and operational performance, identifies variances and opportunities, and recommends corrective actions to improve financial results, operational effectiveness, and resource utilization.
Oversees financial analyses, and preparation of financial management reports. Identifies and reports trends, variances, and financial issues to the CFO and executive leadership.
Collaborates with revenue cycle management leadership to support revenue performance and cash flow impacting processes.
Monitors assigned contracts, budgets, and special funding or revenue-enhancement programs, and coordinates financial information needed for expenditure review and budget compliance.
Provides guidance on financial analyses of existing programs and proposed operational changes to support executive decision-making.
Ensures and maintains appropriate internal and management controls within assigned areas of responsibility.
Monitors compliance with applicable financial regulations, standards, and System operating procedures/policies and coordinates preparation for audits and implementation of corrective action plans.
Coordinates financial performance improvement activities with service line managers and finance staff to resolve identified problems and improve efficiency.
Directs and develops assigned finance staff, evaluates staffing needs, and ensures timely completion of performance evaluations.
Participates in financial and multidisciplinary committees and may chair committees within assigned areas of responsibility.
Maintains knowledge of health care industry conditions and evaluates their potential effect on policies, operations, and financial performance.
Represents the CFO at meetings and in communications with internal and external stakeholders, as assigned.
Performs the responsibilities of the CFO in the latter's absence, when designated.
Effectively applies ICARE values: Integrity, Compassion, Accountability, Respect, and Excellence.
Performs other related duties, as required.
Minimum Qualifications
Master's Degree from an accredited college or university in Accounting, Finance, Business Administration, or a related discipline; and five (5) years of strong managerial responsibility in the area of finance, revenue cycle, patient growth, utilization review, accounting, or other relevant finance-related areas in a health care setting; or
Bachelor's Degree from an accredited college or university in one of the disciplines listed in 1 above; and six (6) years of experience as described in 1 above.
Strong knowledge of health care financial management, including budgeting and financial planning, accounting and financial reporting, revenue cycle management and hospital reimbursement.
Department Preferences
CPA is preferred, but not required
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.
