Bryant Staffing Solutions Looking for Senior Director Of Finance, Pharmacy at Boston, MA, United States Full Time

Job Description

Title: Senior Director of Finance, Pharmacy
Level: Senior
Status: Full-Time
Location: Boston, MA
Salary: Salary to be discussed during phone screen with Bryant Staffing Solutions recruiter
Sponsorship: No visa sponsorships are supported
Bonus: :Signing Bonus Negotiable
Relocation: :Partial

JOB SUMMARY:

• Expertise and advanced experience in financial modeling: Sr. Director must have expert quantitative analysis and critical reasoning skills to structure and carry out analyses, including the ability to understand complex contracts and design and execute complex financial analyses (e.g.. dynamic modeling in Excel). Experience in financial services firms preferred.

• Managerial deft: The position includes leading a growing team. The candidate must have the ability to develop and mentor team members in a fast-paced, complex environment while staying up to date on the market and strategic vision of our health system and marshaling team resources toward those ends.

• Familiarity with routine FP&A processes: The Sr. Director is the quarterback of the monthly accounting close and leads the preparation of the annual operating budget and quarterly forecast. A background in retail pharmacy operations, billing, and reimbursement is a plus. A comfort level in working closely with accounting partners and proven success in building financial controls, particularly for the national for-profit pharmacy managed services company, which includes understanding for-profit tax complexities is preferred. Additionally, must understand and communicate the economic contribution of the business, especially under different scenarios.

• Communications ability: Must be highly effective at communicating with various department leaders including accounting and budget, legal, and IT. The role also requires close coordination with health plan pharmacy leads on key assumptions that impact the business, and coordination with Revenue Cycle Management (for the proactive identification of AR issues). The ideal candidate has superb communication skills to distill complicated issues into clear recommendations, as well as strong interpersonal skills to navigate competing stakeholder interests.

• Confidence and adaptability to tackle complex and unstructured problems: Beyond the ability to think on one’s feet, the role requires a natural curiosity and willingness to take ownership in going beyond the obvious to understand the “why” of the drivers of our economic reality, and leading analysis to identify the hidden issues (e.g. pointing out issues like concentration of revenue, excessive costs/buying, FTE growth and “runaway hiring,” etc.).

• Ability to organize and structure work: Beyond being a self-starter with the ability to work under high pressure and prioritize staff and resources to meet competing deadlines, the role requires the ability to look at what’s required, develop an efficient critical path, and tactfully break work into work streams and resources (human capital and otherwise) required to meet goals.

• Optimize data and workflows: Critical to this role is an understanding of data from various software and systems to ensure the integrity of revenue and expenses. For example, the team relies heavily on Access databases, SQL, and Infor. In addition to a broad understanding of where data lives and how it is structured, the role requires the ability to build processes, design standard operating procedures, optimize workflows and lead KPI Development for managing the health of the business (including leading indicators, metrics to drive better operations, etc.)

ESSENTIAL RESPONSIBILITIES / DUTIES:
The Sr. Director will be responsible for understanding all financial elements of the Pharmacy and be able to communicate a clear narrative of the business by guiding a team that:

• Prepares monthly revenue entries across all locations and contract pharmacy clients

• Manages end to end Revenue Cycle process, including cash reconciliation, A/R, rebilling, and compliance

• Tracks all 340B drug spend, from distributer and non-distributer sources to ensure accuracy in coordination with accounting

• Monitors labor spending and position control

• Creates client-specific P&Ls for partners, including overhead allocations and purchase order management

• Creates a thorough slide presentation monthly, including standard analytics and ad-hoc variance analysis

• Prepares annual operating budget at the cost center level and continuously updates a rolling forecast

• Ensures contract compliance with contract pharmacy partners, including identifying eligible claims for fee calculations

• Regularly collaborates with accounting on annual inventory, audit, and UBIT filings

The Sr. Director is required to become the curator of large Pharmacy finance data sets across multiple disparate databases to ensure accurate measurement of performance across many KPIs, including:

• 340b vs WAC split and new drug distributer impact

• Productivity and labor management

• PBM fees and contract adherence

• Revenue, expense, and gross margins per script or NDC

• Payor shifts and rate changes

• Profitability by pharmacy location and service line

The Sr. Director has to leverage business expertise to drive strategic planning and opportunities by:

• Developing sophisticated financial models with pharmacy operations for performance improvement

• Identifying opportunities in current processes, including optimizing the revenue cycle process and data integration

• Leading capital planning initiatives related to Pharmacy

• Being the Finance presence during State negotiations on Pharmacy economics and rate negotiations with Payors

• Developing a stronger relationship with the company’s health plan around utilization and cost

QUALIFICATIONS:

• Bachelor’s degree in Business Administration, Finance, Accounting, or related field. A Master’s Degree in Business Administration or advanced degree in a related field is preferred

• CPA or CFA

• 7-10 years of relevant work experience in accounting and/ or finance management

• 4-6 years of management experience

• Experience working in health care finance and/or retail pharmacy industry is preferred

• Expertise in SQL recommended

• Advanced MS Excel, Word, Access, and PowerPoint skills

• High level of analytical, quantitative, and problem-solving skills in order to function as a business manager, and to prepare financial proposals, budget plans, reports, and analyses in support of programs and activities

• Knowledge of retail pharmacy business preferred

• Requires a comprehensive knowledge of accounting, finance, general accounting practices, and business administration

• Strong interpersonal skills and ability to work collaboratively across various business units’ hierarchy and functions

• Ability to assess needs quickly and identify logical solutions

• Ability to successfully lead projects, set priorities, meet deadlines, and multi-task

• Ability to balance multiple projects at one time

• Ability to conduct detailed analysis, as well as distill relevant findings for presentation to a high-level audience

• Exceptional verbal and written communication and presentation abilities

• Comfort in interfacing with senior level leadership

• Experience in translating and communicating key analyses and assumptions in a concise fashion to Senior Management for decision-making purposes

• Enjoys working on teams

• Desire to learn and grow within the organization

• Ability to operate effectively in a fast-paced, constantly changing environment

• A natural curiosity and energetic, creative, and collaborative approach to working and problem-solving

• A balance of patience and perseverance is necessary to affect change in a large and complex organization