Executive Director of Finance - Piedmont Atlanta Hospital
Atlanta, Georgia
Employer: Piedmont Healthcare
Industry: Leadership
Salary: Competitive
Job type: Full-Time
Description:
JOB PURPOSE:
Responsible for managing the hospital Finance department. This includes, but is not limited to, overseeing and monitoring project accounting, business case development, variance analysis, department level budgets, measurement and tracking of new services, and labor analysis. Works collaboratively with entity department leaders and other Finance departments to develop and deliver management reports and meaningful insights from data to further decision making.
KEY RESPONSIBILITIES:
1. Supervises overall business performance analyses and decision support activities and provides strategic financial insight to the hospital CFO.
2. Collaborates with PHC Financial Planning and Analysis and Strategic Planning departments to prepare the annual capital and operating budgets (entity and departmental level) in a manner congruent with PHC and local strategic plans and operating goals. Report on interim progress toward budgeted objectives on a regular basis.
3. Collaborates with shared functions and other departments on cash control, physician inventory, tax filings (e.g. 990-T), cost report workpaper development, and works to understand and resolve other issues as needed (e.g. over/under accruals, prepaid needs, and etc.).
4. Works with PHC Strategic Planning and other departments to produce the Georgia Annual Hospital Questionnaire (AHQ), and Hospital Financial Survey (HFS), and other related submissions.
5. Liaises with physician accounting and the physician practices as needed on physician practice subsidies, income guarantees, practice startups/acquisitions, and etc. to help support information sharing, communications, performance improvement, decision making and other needs, as required.
6. Produces, distributes, and explains management reports and analyses that relate to past activity, operational opportunities, and strategic objectives. This includes standard format Financial Statements, concurrent month-to-date activity, ratio analysis, and coordinating/reviewing departmental responsibility report submissions. Analysis should include feedback of service line results as needed, pro-forma projections of proposed decisions and specific staffing and productivity
data. The Hospital Finance Director should produce analysis on an ad-hoc basis upon requests and be proactive in bringing issues and opportunities to decision-makers.
7. Establishes ongoing communication and review with agreed upon parties (e.g. CFO, departments, department leaders, and VPs) to review performance and explore opportunities for improvement.
8. Translates system-wide operating strategies and key performance indicators (KPIs) into entity specific initiatives and uses financial analysis to provide insightful interpretations for decision making.
9. Drives entity-wide Finance strategy and assists the hospital CFO in making key decisions.
10. Assists hospital CFO with reviewing the methodology used by Finance staff to evaluate internal and external business opportunities and suggests alternatives.
11. Identifies and manages continuous process improvement initiatives and drives strategic Finance initiatives.
12. Participates in performance management process including performance evaluation, coaching, and development of direct reports.
13. For entities that are still running legacy computer systems, position may be responsible for a variety of tasks supportive of broader financial and / or other needs.
14. Performs other duties as assigned.
KNOWLEDGE, SKILLS, ABILITIES
Skill and ability to communicate effectively both verbally and in-writing.
Skill and ability to handle multiple priorities and deadlines.
Ability to work as a member of a team.
Skill and ability in Microsoft Office applications.
Disclaimer
The above information is intended to describe the general nature and level of work being performed by people assigned to this job. It is not intended to be an exhaustive list of responsibilities, duties and skills required of personnel so classified.
Qualifications:
MINIMUM EDUCATION REQUIRED:
Bachelors degree from a recognized college or university in Business Administration, Business Management, or business-related field is required.
MINIMUM EXPERIENCE REQUIRED:
Seven (7) years of work experience in a Finance role, preferably in a multi-entity healthcare environment, is required.
ADDITIONAL QUALIFICATIONS:
Masters Degree in Business Administration, Hospital Administration, Accounting, Finance or a closely related field, or designation as a Certified Public Accountant is preferred.
Demonstrates strong communication and interpersonal skills at all levels including the ability to explain business metrics that drive financial performance.
Demonstrates strong problem solving, project management, teamwork, and organizational skills.
JOB PURPOSE:
Responsible for managing the hospital Finance department. This includes, but is not limited to, overseeing and monitoring project accounting, business case development, variance analysis, department level budgets, measurement and tracking of new services, and labor analysis. Works collaboratively with entity department leaders and other Finance departments to develop and deliver management reports and meaningful insights from data to further decision making.
KEY RESPONSIBILITIES:
1. Supervises overall business performance analyses and decision support activities and provides strategic financial insight to the hospital CFO.
2. Collaborates with PHC Financial Planning and Analysis and Strategic Planning departments to prepare the annual capital and operating budgets (entity and departmental level) in a manner congruent with PHC and local strategic plans and operating goals. Report on interim progress toward budgeted objectives on a regular basis.
3. Collaborates with shared functions and other departments on cash control, physician inventory, tax filings (e.g. 990-T), cost report workpaper development, and works to understand and resolve other issues as needed (e.g. over/under accruals, prepaid needs, and etc.).
4. Works with PHC Strategic Planning and other departments to produce the Georgia Annual Hospital Questionnaire (AHQ), and Hospital Financial Survey (HFS), and other related submissions.
5. Liaises with physician accounting and the physician practices as needed on physician practice subsidies, income guarantees, practice startups/acquisitions, and etc. to help support information sharing, communications, performance improvement, decision making and other needs, as required.
6. Produces, distributes, and explains management reports and analyses that relate to past activity, operational opportunities, and strategic objectives. This includes standard format Financial Statements, concurrent month-to-date activity, ratio analysis, and coordinating/reviewing departmental responsibility report submissions. Analysis should include feedback of service line results as needed, pro-forma projections of proposed decisions and specific staffing and productivity
data. The Hospital Finance Director should produce analysis on an ad-hoc basis upon requests and be proactive in bringing issues and opportunities to decision-makers.
7. Establishes ongoing communication and review with agreed upon parties (e.g. CFO, departments, department leaders, and VPs) to review performance and explore opportunities for improvement.
8. Translates system-wide operating strategies and key performance indicators (KPIs) into entity specific initiatives and uses financial analysis to provide insightful interpretations for decision making.
9. Drives entity-wide Finance strategy and assists the hospital CFO in making key decisions.
10. Assists hospital CFO with reviewing the methodology used by Finance staff to evaluate internal and external business opportunities and suggests alternatives.
11. Identifies and manages continuous process improvement initiatives and drives strategic Finance initiatives.
12. Participates in performance management process including performance evaluation, coaching, and development of direct reports.
13. For entities that are still running legacy computer systems, position may be responsible for a variety of tasks supportive of broader financial and / or other needs.
14. Performs other duties as assigned.
KNOWLEDGE, SKILLS, ABILITIES
Skill and ability to communicate effectively both verbally and in-writing.
Skill and ability to handle multiple priorities and deadlines.
Ability to work as a member of a team.
Skill and ability in Microsoft Office applications.
Disclaimer
The above information is intended to describe the general nature and level of work being performed by people assigned to this job. It is not intended to be an exhaustive list of responsibilities, duties and skills required of personnel so classified.
Qualifications:
MINIMUM EDUCATION REQUIRED:
Bachelors degree from a recognized college or university in Business Administration, Business Management, or business-related field is required.
MINIMUM EXPERIENCE REQUIRED:
Seven (7) years of work experience in a Finance role, preferably in a multi-entity healthcare environment, is required.
ADDITIONAL QUALIFICATIONS:
Masters Degree in Business Administration, Hospital Administration, Accounting, Finance or a closely related field, or designation as a Certified Public Accountant is preferred.
Demonstrates strong communication and interpersonal skills at all levels including the ability to explain business metrics that drive financial performance.
Demonstrates strong problem solving, project management, teamwork, and organizational skills.
Created: 2024-06-23
Reference: 1114860
Country: United States
State: Georgia
City: Atlanta
ZIP: 30334
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