Finance Manager, Operating Budgets

The Manager of Operating Budgets supervises and coordinates the preparation of UI Health Care’s annual hospital operating budget.  The Manager of Operating Budgets will work closely with the Budget Director and other UI Health Care staff to lead in the annual budget development and in the monitoring of actual versus budget performance on a routine basis.  The role keeps the Budget Director and team informed of changes to policy and procedure that may impact operations.

Position responsibilities:

Financial Oversight and Budgeting

• Assist the Budget Director in the planning, development, and compilation of the annual hospital operating budgets.

• Analyze and provide data for use in the budget process, including UOS, gross and net revenue, FTEs, and labor hours. 

• Assist in the preparation of budget reports for the State of Iowa Board of Regents.

• Provide ongoing support to departmental and management staff regarding financial performance, data, and processes.

• Manage the FTE Management Process for the hospital, as far as reviewing all hiring requests, providing vacancy reporting, and working with leadership on reporting and refining the process.

Financial Reporting

• Supervise and coordinate the annual preparation of the various budgetary units within UIHC.  Make recommendations regarding appropriate policies, procedures, and guidelines.

• Monitor monthly performance versus budget.  Contact departmental managers to analyze and understand variances.  Support actions to implement corrections.  

• Develop, implement, and maintain the Strata operating budget system and other data sources used to support the budget process. 

• Develop reporting as needed to communicate financial and statistical data to management.      

Financial Analysis and Planning

• Review flexible budget performance and analyze changes in Unit of Service statistics impacting financial performance.

• Assist in the development of systems and processes used for data collection and reporting in the budget process.

• Oversee the rolling forecast process throughout the fiscal year, assessing the impact of changes from budget projections.   

• Provide guidance and analysis for departmental and management questions and for new requests as they arise.

• Participate in the development of a process to forecast RVU volumes and to translate the impact of the change in physician volumes on hospital volumes.

Leadership and Training

• Support departments and coordinate education on the budget process. 

• Coordinate feedback from users to improve the budgeting system and procedures.  

• Supervise budget staff, including hiring, training, and performance management.

Required Qualifications

• A Bachelor’s degree in Business Administration, Accounting, or an equivalent combination of education and experience is required