Manager Finance & Decision Support - Waterbury Hospital
Waterbury, CT 06702
About the Job
SCOPE OF POSITION:
The Manager of Finance & Decision Support provides leadership and direction to members of the Finance Department and oversees the budget and financial analysis activities of the entire Waterbury Health system. Responsible for the preparation of financial, statistical and operational analyses for management as well as other internal and external clients. Coordinates the annual budget process. Develop forecast models to be used by senior leadership. Coordinates the analyses to be utilized in preparation of various business unit initiatives such as incremental bridge items, new business development, service line growth, capital investment strategies, and expense control. This position requires knowledge of cost accounting and pro forma modeling to provide financial reports utilized in decision making opportunities. Coordinates all quarterly and annual state reporting requirements, as well as state audits and filings. Responsibilities also include involvement in various special projects as requested. Provides consistent leadership to team members using the Waterbury Health Core Values in all daily interactions.
RESPONSIBILITIES:
Disclaimer: Job descriptions are not intended, nor should they be construed to be, exhaustive lists of all responsibilities, skills, efforts or working conditions associated with the job. They are intended to be accurate reflections of the principal duties and responsibilities of this position. These responsibilities and competencies listed below may change from time to time.
- Leads management in decision support procedures, report processing and database integrity issues/impact. Serves as internal contact for Decision Support and database tools.
- Ensures accurate net revenue modeling in conjunction with Accounting Manager.
- Manage the financial and decision support analyst’s daily workload.
- Coordinate the completion of the annual budget.
- Works in collaboration with the Accounting Manager to prepare forecasts and projections.
- Participate in the development and monitoring of operations budget as it relates to expenses and staffing. Take appropriate actions to ensure financial and staffing targets are met.
- Generates timely and accurate reports for departmental and service line management
- Coordinates and prepares all annual filings, including but not limited to Annual State Filing, OHS 12-Month Filing, Medicare Cost Report Schedules, and annual Facility Fee Filing.
- Oversees the development and improvement of the LaborLytics (productivity) system.
- Manages and/or performs profit/loss analysis for hospital services; manages the development of pro forma financials for new hospital services.
- Support Finance Department with daily/monthly/weekly reporting.
- Coordinate special projects and business analyses as requested.
- Prepare and analyze the annual performance improvement initiatives (bridge).
- Coordinate, prepare and analyze yearly filings for various third-party agencies as requested.
- Provide as a working liaison with other departments to compile financial information and data with follow-up.
- Oversees the monthly accounting for the bridge performance and quarterly financial statement preparation.
- Performs all other duties as assigned.
REQUIREMENTS:
EDUCATION/CERTIFICATION:
- BA or BS in accounting or business or equivalent experience
EXPERIENCE:
- Eight (8) years of experience in the Finance Department and/or Operations/Support Division of an acute care hospital.
- 3-5 plus years of supervisory/leadership experience.
- Technical and professional financial & accounting skills are required.
COMPETENCIES:
- Builds and maintains good working relationships, working collaboratively to do what is best for staff and patients.
- Complies with all applicable laws, regulations and standards of the Waterbury Health Corporate Compliance Code of Conduct.
- Demonstrates ability to make decisions, displaying initiative and awareness of what needs to be done to meet stated goals.
- Intermediate ability to use Microsoft Office, including Word, Excel, and Outlook.
- Ability to manage complex projects and resources (people, cost, and time) across multiple departments.
- Work effectively amid multiple, changing priorities.
THE ABOVE DESCRIPTION COVERS THE MOST SIGNIFICANT DUTIES PERFORMED BUT DOES NOT EXCLUDE OTHER OCCASIONAL WORK ASSIGNMENTS NOT MENTIONED, THE INCLUSION OF WHICH WOULD BE IN CONFORMITY WITH THE FACTOR DEGREES ASSIGNED TO THIS JOB.
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