Employment Type:

Full time

Shift:

Day Shift

Description:

Director of Financial Operations - Albany, NY - FT Days

POSITION PURPOSE

In conjunction with the Regional VP, Financial Operations - Acute, the Director of Financial Operations (Acute) provides strategic and operational leadership and direction in the development and implementation of financial management, business planning scenarios, budgeting, accounting, supply chain and revenue cycle operations.  Serves as a member of the Hospital's Senior Management Team and plays a key role on operational committees by conducting research, making recommendations for process improvements and efficiencies.  Leads the annual planning process for the hospital(s), ensuring development of operational budgets that support the organization's strategic objectives. Ensures the establishment and maintenance of sound financial information and functions as a liaison between the financial reporting team and Operations. Leads special projects, as requested.

ESSENTIAL FUNCTIONS

• Knows, understands, incorporates and demonstrates the Trinity Health Mission, Vision and Values in behaviors, practices and decisions.
• Takes the lead in coordination, preparation and support of annual operating and capital budget process.  Provide education and training to management on the budget process, as needed.  Provide technical assistance to department directors and senior management related to methodologies, benchmarks, and common industry practices and data interpretation to support budgetary decisions. Coordinate and collaborate with key leadership within WFM and Operations to prepare and submit annual budget files within established timelines.
• Takes lead in quarterly forecasting and mid-month forecast process for respective acute entities within scope.  Assists in consolidation of all forecasts for the total ministry and supports analysis and review.
• Works collaboratively with fellow Director of Financial Operations to identify opportunities for consistency across the portfolio.
• Act as Financial Resource Expert to Operational and Senior Management- review all department requests for capital expense items, FTE's, supplies and other operating expenses.  Research issues and provide accurate analysis of results on special projects as requested.
• Prepare business plans and various scenario planning based on discussions with Operations and Senior leadership to quantify ideas brought forth for consideration either operationally or from a capital planning perspective.  It is key this position is an excellent and attentive listener; able to readily convert operational discussion into financial modeling. 
• Support ET-9 initiative generation, calculation/valuation of initiatives and monthly and annual reporting to System Office. Act as lead finance representative to certain ET-9 teams.
• Work collaboratively with Financial Reporting/Accounting in regards to the month end close.  Analyze and provide variance explanations for both revenue and expense, leveraging Financial Operations team members. Work with department directors to prepare action plans as needed to get back to budget.
• Participates in RHM management and staff meetings and presents financial results as requested.
• Provide ad hoc financial analyses as requested.  Must be comfortable with analyzing large data sets across a variety of disciplines.
• Provides education and support for departments to enhance their financial acumen of hospital financials including revenue, expense, profitability and key indicators.
• Coordinates with Regional Director of Business Analytics/Decision Support to produce relevant service line analysis for review with Operations team.
• Maintains a working knowledge of applicable Federal, State and local laws and regulations, the Trinity Health Corporate Integrity Program, Code of Ethics, as well as other policies and procedures in order to ensure adherence in a manner that reflects honest, ethical and professional behavior.

MINIMUM QUALIFICATIONS

• Bachelor’s degree in Accounting or Finance or an equivalent combination of education and experience.  A Master’s degree is preferred.
• Certification as a Certified Public Accountant (CPA) or HFMA Certification is preferred.
• Minimum seven (7) to ten (10) years of progressively more responsible experience in health care finance.  Previous managerial experience is preferred.
• Must be proficient in Excel.
• Experience in researching and analyzing complex financial/operational issues.
• Ability to communicate in clear, concise terms with management and governance at all levels, includi