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Job Description
The Director of Finance is responsible for the development and maintenance of institution-wide financial transactions for currently 3 Heart Hospitals in Plano, Denton, & McKinney, including long range financial planning, budgeting, and reporting.
Analyzes complex financial information and provide management with reports regarding the institution’s financial performance and the financial effect of business plans and strategies, including performing financial modeling, analysis, and business plan development. Responsible for work assignments, hiring/firing, performance evaluations of assigned staff.
CONTRIBUTES TO THE EFFECTIVENESS AND ACCURACY OF ALL FINANCIAL FUNCTIONS RELATED TO THE FINANCE MANAGEMENT AND OPERATIONS.
Prepares reports and/or presents relevant data in a timely, accurate, and user-friendly format (sub-reports, charts, graphs, etc.) that is appropriate for the desired result.
Ensures that reporting requirements and financial reports are prepared in a timely manner.
Consistently demonstrates the ability to recognize, establish and deal with priorities promptly.
Ensures compliance with corporate policies & procedures.
Coordinates with CFO to maintain physician Partnership data as it relates to Ownership, New Offerings, Distributions, & Redemptions.
Ensures Partnership K-1’s and tax deposit tax letters are sent out on a timely basis in coordination with the Partnership’s outside CPA firm & the BSWH tax department.
Oversees Threshold and Non-Threshold Capital Project planning & modeling including approvals in Kaufmann Hall.
Oversees the monthly inventory process.
Ensures Directors sign off on monthly attestations & annual fixed asset audits if applicable.
Assists with Partnership valuations & equipment valuations & ensures the process of submitting fixed asset disposal paperwork to accounting and legal is followed.
Coordinates cost reporting and audit requirements with Reimbursement department as well as coordinates Physician contracting audits & Revenue Cycle audits.
Ensures Quarterly Physician Accommodation reports are submitted to Corporate Compliance
Consistently demonstrates an ability to keep up workload, using support staff to assist as needed.
Prepares management reports and other financial reports, as required.
Coordinates year-end audit activities between hospital & accounting.
Maintains favorable working relationships between hospital and corporate departments such as accounting, revenue cycle, & government reimbursement.
Analyzes financial results and provides management with reports, as requested.
Strives to meet deadlines on special projects and studies, as assigned.
Collects necessary supporting statistical information to facilitate monthly journal entries.
MANAGES AND DIRECTS STAFF TO CREATE AND MAINTAIN AN OPTIMAL
WORK ENVIRONMENT.
Establishes a climate that reduces obstacles and promotes staff to formulate and practice own initiatives and perform at maximum achievement level.
Identifies and provides opportunities for the staff to develop knowledge, skills, and abilities needed to contribute to the success of the department.
Trains and cross-trains personnel to increase productivity and improve area operations.
COORDINATES BUDGET PREPARATION AND PRESENTATION. MONITORS BUDGET TO MAINTAIN FINANCIAL VIABILITY.
Reviews Kaufman Hall departmental budgets with directors & managers.
Month End Variance Reports Due to Corporate Office
PERFORMS OTHER POSITION APPROPRIATE DUTIES AS REQUIRED IN A COMPETENT, PROFESSIONAL AND COURTEOUS MANNER.
REQUIRED SKILLS, KNOWLEDGE AND ABILITY:
Bachelor’s degree in Accounting, Finance or Business required.
Master’s degree preferred.
CPA certification preferred.
Ten years’ experience in healthcare and/or managed care; including previous management experience required.
Proficiency with MS Office applications; strong leadership, analytical and communication skills required.
QUALIFICATIONS
- EDUCATION – Bachelors
- EXPERIENCE – A minimum of 10 years experience required
