Director, Clinical Finance

Position Summary

The Director of Clinical Finance supports the Clinical Finance team and collaborates with VP&S, Columbia Faculty Practice office, and CUIMC Controller's office to analyze financial and operational metrics of the Clinical margin. They assist in identifying and interpreting trends, construct quantitative models, and design key metric reporting.

Responsibilities

• Collaborates with clinical departments and CUIMC Budget team to ensure accuracy of revenue and expense budget entries, prepares variance analysis of patient care revenue and expense lines for senior management.
• Develops and maintains budget calendars to ensure timely completion of deliverables.
• Develops solutions to optimize budget development, analysis, and reporting.
• Manages departmental implementation of CUIMC standards for accounting and reporting, ensuring proper allocation of revenues and expenses.
• Offers training and technical advice on using university and campus financial systems and tools.
• Participates in clinical department budget and estimate financial target setting exercises, aligning revenue and expenses to expectations.
• Participates in the financial aspects of the VP&S Clinical Compensation plan.
• Leads the clinical finance team in the design and build of department financial scorecard and monthly/quarterly reporting.
• Analyzes the clinical margin, including key drivers related to productivity/volumes, staffing levels, and OTPS spend, establishing key metrics, trend data, and benchmarks.
• Assists with establishing monthly/quarterly financial reporting, working jointly with CUIMC, ColumbiaDoctors, and VP&S, conducting ad hoc patient care financial analyses, and providing in-depth reports and forecasts as needed.
• Supervises and manages 2 Finance Analysts.

Qualifications

• Bachelor’s degree or equivalent in education and experience, plus five years of experience.
• Bachelor’s degree, preferably in accounting- or finance-related field, with at least five years of progressively comprehensive experience in budgeting and financial analysis.
• Experience in an academic medical center or hospital is strongly preferred.
• MHA, MBA, or comparable advanced degree, or equivalent experience preferred.
• Self-starter with well-developed knowledge of quantitative analysis, capable of solving problems independently.
• Demonstrated financial analysis skills, including preparing detailed financial reports, analyzing variances, and explaining complex financial information.
• Attention to detail and ability to work closely with diverse groups of administrators.
• Expert-level computer proficiency in Microsoft Excel and Word, including an in-depth knowledge of spreadsheet functions and pivot tables.