Assistant Director of Cost and Budget

Position Summary

Reporting to the Director of Cost & Budget, the Assistant Director of Cost and Budget is responsible for overseeing the day-to-day operations of the Cost & Budget Department and supporting the organization’s financial planning and reporting functions. This role assists in directing departmental and hospital wide operations to ensure budget development, financial monitoring, and reporting activities are completed accurately, efficiently, and within established timelines.

This position is a key financial resource to organizational leadership and collaborates closely with Finance staff, clinical administrators, department heads and executive staff. The ideal manager is an experienced healthcare finance professional with strong leadership, analytical and communication skills  who has experience adjusting to a variety of learning/communication styles in order to effectively lead and engage this team. The successful manager embraces challenges, proactively approaches problem solving and process improvement while collaborating across functional areas. The candidate must demonstrate a proven history of successful collaboration, communication, and partnership with Department Heads and Executive Staff.

Duties of the Assistant Director of Cost and Budget may include but are not limited to:

• Coordinate the development of the hospital operating budgets, including payroll, supplies and expenses, capital, revenue, and statistical reporting.

• Prepare and distribute financial management reports and supporting analyses.

• Manage the capital equipment budgeting and funding process.

• Monitor financial performance and conduct variance analysis and forecasting activities.

• Identify system, process, and workflow issues and recommend process improvements that results in greater accuracy of data

• Assist in the development and maintenance of financial dashboards and data visualizations using tools such as Tableau.

• Analyze and synthesize large volumes of financial and operational data with a high degree of accuracy and attention to detail.

• Provide education and support to managers and supervisors regarding hospital finance and budgeting processes.

• Participate in ad hoc financial reporting, special projects, and performance improvement initiatives.

• Collaborate with leadership and cross-functional teams to support strategic financial decision-making.

• Perform other duties as assigned.

Qualifications

Required Qualifications

• Master's degree in Accounting, Finance, Business Administration or related field - Please Note: Verification of degree (e.g., diploma or official transcript) is required for this role. Upload of documentation must be included with your application for consideration.

• At least 6 years of budgeting, accounting, or financial analysis experience in a hospital or health system

• Strong knowledge of hospital financials, budgeting, forecasting, variance analysis, and financial reconciliations

• Experience with process improvement initiatives and operational efficiency projects

• Advanced proficiency in Microsoft Office Suite, particularly Excel and Access

• Experience with financial and enterprise systems such as Lawson, PeopleSoft, and SUNY BI

• Knowledge of SQL or database queries, Crystal Report proficiency and visualization tools such as Tableau

• Strong interpersonal and communication skills to effectively interact with employees at all levels of the organization