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Exemption Status:

Exempt

Schedule Details:

Monday through Friday

Scheduled Hours:

9-5

Shift:

1 - Day Shift, 8 Hours (United States of America)

Hours:

40

Cost Center:

99940 - 5530 Financial Operations Reporting

This position may have a signing bonus available a member of the Recruitment Team will confirm eligibility during the interview process.

Everyone Is a Caregiver

At UMass Memorial Health, everyone is a caregiver – regardless of their title or responsibilities. Exceptional patient care, academic excellence and leading-edge research make UMass Memorial the premier health system of Central Massachusetts, and a place where we can help you build the career you deserve. We are more than 20,000 employees, working together as one health system in a relentless pursuit of healing for our patients, community and each other. And everyone, in their own unique way, plays an important part, every day.

Responsible for the lead role in coordination and preparation of key net revenue financial reports and financial statement valuations for the system level/division levels of UMass Memorial Health Care (UMMHC), using advanced technical expertise and/or financial modeling capabilities.

I. Major Responsibilities:

1.  Assumes the lead role in supporting the system’s/division’s financial management and UMMHC senior management in the preparation and analysis of financial reports and statistics to management boards, administration and external organizations.
2.  Assumes the lead role in collaborating with Financial Reporting Leadership to optimize efficiencies of the system towards the financial reporting process.  
3.  Assists in managing the monthly closing process, including preparation of interim and year-end financial reports. 
4.  Responsible for the financial development, review and analysis of monthly contractual allowances, third party settlements and payer revenue variance analysis.
5.  Investigates and reports on current reimbursement developments on the State and Federal level.
6.  Participates in the development of UMMHC management/financial information systems as they apply to net revenue reporting. 
7.  Seeks, pro-actively, new functionality, process improvements to simplify data collection, as well as monitoring system performance.
8.  Assists in devising and recommending new or modified accounting systems to provide complete and accurate financial and statistical reports.
9.  Coordinates system-wide financial and third-party audits.  Reviews required records and files prepared by internal accountants for all UMMHC entities in preparation for external audit. Works closely with the auditors for interim, quarterly and annual audits.
10. Serving as subject matter expert, interprets and applies current financial reporting standards and ensures departmental compliance.
11. Develops, prepares and retains essential documentation to support external compliance requirements of various regulating agencies. This includes, but is not limited to, adherence with the filing requirements of the Center for Medicare/Medicaid Services (CMS) and multiple agencies of the Commonwealth of Massachusetts.
12. Participates in performance improvement initiatives including compilation and interpretation of financial information for management decision making purposes. This includes trend analysis and interpretation and analysis of complex financial arrangements and business contracts. Identifies, communicates and resolves financial discrepancies.
13. Demonstrates use of quality improvement in daily operations through a positive and professional approach to meeting the needs of internal and external customers.
14. Responds to multi-disciplinary customer demands.

Standard Management Level Responsibilities:

1.  Directs and supervises assigned personnel including performance evaluations, scheduling, orientation, and training.  Makes recommendations on employee hires, transfers, promotions, salary changes, discipline, terminations, and similar actions.  Resolves grievances and other personnel problems within position responsibilities.
2.  Develops and recommends the budgets for the areas managed. Manages activities to assure financial goals are met.
3.  Coordinates the assignment of tasks and helps resolve technical and operational problems. Evaluates the impact o