Director Finance
ESSENTIAL FUNCTIONS AND BASIC DUTIES Develops and contributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards and safety standards. Ensures compliance with system/hospital/facility policies and procedures and governmental/accreditation regulations. Consults with Vice President for Finance concerning the hospital's financial affairs, development of operating policies and procedures, department needs and issues. Keeps Vice President informed of departmental activities. Closes the monthly books timely and completes the financial package for Corporate and internal team. Discuss management issues, department budgets and major purchase priorities, policies, procedures, and regulatory matters with others as necessary for effective decision-making. Makes recommendations to resolve issues- insuring the outcomes align with our AOP and strategic initiatives. Direct the maintenance of complete and systematic records of assets, liabilities, and financial transactions so that control over finances may be maintained. Prepares or directs the preparation of reports for administration, regulatory agencies, third-party payers and MedStar Corporate Finance as required including but not limited to the Annual Audit, Annual Operating Budget, Annual Capital Equipment Budget, Annual Inflation Adjustment System Filing, Medicare Cost Report, Annual Filing to HSCRC, Monthly Financial & Statistical Report, and Annual Tax Returns. Prepares regularly scheduled DSS (Decision Support Services) margin update reports for Senior Leadership. Ensures statistical information and required data is kept as needed for reporting to regulatory agencies. Ensures that the Hospital CDM and patient charges are in compliance with the rates approved by the HSCRC and/or other regulatory agencies. Consults with and advises departments concerning functions and activities, work assignments, workflow, deadlines, policies, procedures, problems, grievances, interdepartmental relations. Performs Ad Hoc validation on financial and statistical information for internal and external reporting including communications for the Board of Directors, Finance Committee and Senior Leadership Teams, as well as Quarterly Report filings and special reports for the President, CFO and other executives. Works closely with Rates/Reimbursement team to compile stats, data, time studies, or other schedules as needed. Acts as our liaison with corporate team. Timely reviews, approves, and is the DFM for selected departments. This includes PO requisitions, invoices, check requests, and capital requests as needed. Provides direct oversight and coaching of staff and senior analysts. Assists with the building and retention of a high-caliber professional team, including participation in interviews for selection of candidates in key cross-functional areas where regular interaction occurs. Works with Directors/Leaders on MVRs and IPAs for accurate, detailed, and timely completion. Organizes and has responsibility for the budget process, adheres to deadlines and works with internal team to submit budget for approval Reviews, and will produce ROIs as needed for capital acquisition, new services, or business arrangements. Performs other duties as assigned.
Qualifications Education:
Bachelor's Degree in Finance or other related field, Master's Degree is preferred.
Experience:
Previous hospital management experience preferred. Knowledge of/experience with PeopleSoft, Hyperion, Axiom, SmartView, and cost accounting system preferred. Licensure, Certification & Registration:
N/A Age Specific:
No direct patient care contact PHYSICAL REQUIREMENTS Visual Acuity Manual dexterity Light physical effort:
Physical mobility with ability to lift, push or pull up to and including 15 lbs Ability to hear and orally communicate Ability to read, comprehend and write the English language Ability to exert up to 10 lbs of force Carry Reach Bend Gross Motor Function of both hands Ability to stand/walk 1-2 hours Ability to sit 6-8 hours Some skills/physical requirements can be altered and appropriate accommodations or use of adaptive equipment will be made in accordance with the ADA. Associates should discuss accommodations and provide medical documentation to Occupational Health. WORKING CONDITIONS Body Fluid Exposure:
Yes/No Walking, standing, sitting for prolonged periods. Mostly sedentary work in office type setting. Use of office equipment on a regular basis including computers, phones, etc. Potential for incidental exposure to patients, visitors, and family members with a variety of physical and psychiatric/mental health conditions. Job may require flexible scheduling, off-shifts, weekend, holiday, on-call and/or additional hours of work in accordance with department policy or procedures. PROTECTIVE EQUIPMENT (Used only as required by setting/environment) N/A About MedStar Health MedStar Health is dedicated to providing the highest quality care for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation and research. Our 30,000 associates and 5,400 affiliated physicians work in a variety of settings across our health system, including 10 hospitals and more than 300 community-based locations, the largest visiting nurse association in the region, and highly respected institutes dedicated to research and innovation. As the medical education and clinical partner of Georgetown University for more than 20 years, MedStar is dedicated not only to teaching the next generation of doctors, but also to the continuing education and professional development of our whole team. MedStar Health offers diverse opportunities for career advancement and personal fulfillment.
Salary Range:
$150K -- $200K
Minimum Qualification
Accounting, Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
Qualifications Education:
Bachelor's Degree in Finance or other related field, Master's Degree is preferred.
Experience:
Previous hospital management experience preferred. Knowledge of/experience with PeopleSoft, Hyperion, Axiom, SmartView, and cost accounting system preferred. Licensure, Certification & Registration:
N/A Age Specific:
No direct patient care contact PHYSICAL REQUIREMENTS Visual Acuity Manual dexterity Light physical effort:
Physical mobility with ability to lift, push or pull up to and including 15 lbs Ability to hear and orally communicate Ability to read, comprehend and write the English language Ability to exert up to 10 lbs of force Carry Reach Bend Gross Motor Function of both hands Ability to stand/walk 1-2 hours Ability to sit 6-8 hours Some skills/physical requirements can be altered and appropriate accommodations or use of adaptive equipment will be made in accordance with the ADA. Associates should discuss accommodations and provide medical documentation to Occupational Health. WORKING CONDITIONS Body Fluid Exposure:
Yes/No Walking, standing, sitting for prolonged periods. Mostly sedentary work in office type setting. Use of office equipment on a regular basis including computers, phones, etc. Potential for incidental exposure to patients, visitors, and family members with a variety of physical and psychiatric/mental health conditions. Job may require flexible scheduling, off-shifts, weekend, holiday, on-call and/or additional hours of work in accordance with department policy or procedures. PROTECTIVE EQUIPMENT (Used only as required by setting/environment) N/A About MedStar Health MedStar Health is dedicated to providing the highest quality care for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation and research. Our 30,000 associates and 5,400 affiliated physicians work in a variety of settings across our health system, including 10 hospitals and more than 300 community-based locations, the largest visiting nurse association in the region, and highly respected institutes dedicated to research and innovation. As the medical education and clinical partner of Georgetown University for more than 20 years, MedStar is dedicated not only to teaching the next generation of doctors, but also to the continuing education and professional development of our whole team. MedStar Health offers diverse opportunities for career advancement and personal fulfillment.
Salary Range:
$150K -- $200K
Minimum Qualification
Accounting, Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
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