Director Finance Service

About the role

The role is located within Department 13437 Enterprise Corporate - Financial Planning at Advocate Health. This position is full-time with benefits eligibility.

Major Responsibilities

• Prepares proformas or financial analyses to meet organizational decision-making needs.
• Leads the budget process for the site(s), including establishing the timing, methods, and process for the budget.
• Establishes controls and processes to ensure the integrity of the budget.
• Directs or prepares revenue budget for the organization, including gross revenues, contractuals, and bad debts/charity.
• Quantifies and budgets revenue enhancement and cost reduction opportunities.
• Affords support to the Senior Finance Leader and site leadership in identifying financial improvement opportunities.
• Leads the forecast process in a similar manner.
• Works collaboratively with site department leaders and SRCO to enhance site financial performance, including improved labor productivity, cost management, revenue capture, denials reduction, and other areas.
• Directs the site capital process, including the capital request and approval process, tracking and reporting of capital dollars, and preparation of proformas and other financial analyses as directed.
• Serves as a resource/liaison for site(s) or service line leadership, corporate finance staff (general accounting and reimbursement, etc.), and departments/functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology for the site(s) or service line by providing guidance on policies and procedures, consultation on specific finance-related issues or day-to-day operations issues, notification regarding material issues impacting net reimbursement, etc.
• Oversees, explains, and interprets close results for site(s) or service line leadership.
• Presents financial information at management team meetings.
• Partners with leadership to review and reconcile unusual expenses, unfavorable variances, or cost saving opportunities.
• Directs the production of reports and distributions to the organization.
• Analyzes close while explaining variances.
• Partners with site(s) or service line leadership to review and reconcile unusual expenses, unfavorable variances, or cost savings opportunities.
• Directs the production of reports and distributions to the organization.
• Leads site(s) or service line productivity huddle while partnering with operational leaders to assist in achieving labor productivity and cost management goals.
• Performs human resources responsibilities for staff which include interviewing and selection of new employees, promotions, staff development, performance evaluations, compensation changes, resolution of employee concerns, corrective actions, terminations, and overall employee morale.
• Develops and recommends operating and capital budgets and controls expenditures within approved budget objectives.
• Responsible for understanding and adhering to the organization's Code of Ethical Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations, and laws applicable to the organization's business.

Qualifications

Education: Master's Degree (or equivalent knowledge) in Finance or related field. Experience: Typically requires 7 years of experience in financial operations which includes experiences overseeing financial operations and developing and executing financial strategies within a large complex organization. Healthcare experience preferred. Includes 3 years of management experience in financial management.

Skills & Abilities

• Excellent relational skills and ability to get things done through teamwork, persuasion and influence.
• Excellent communication skills and ability to work with executive boards, teams, physicians and staff.
• Formal presentation and business writing skills.
• Ability to explain complex financial information in ways non-financial people can understand and relate to.
• Excellent analytical skills, including ability to review quantitative and qualitative data and reach sound conclusions.
• Effective collaboration and teamwork skills, including ability to partner with operations leaders to improve financial management of organization resources.
• Strong understanding of health care dynamics and economics as it relates to the profitability of various services and the margin contribution available with marginal investment.

Physical Requirements and Working Conditions

Operates all equipment necessary to perform the job. Exposed to a normal office environment. This position requires travel so the incumbent will be exposed to weather and road conditions.

Benefits and More

Compensation: Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training. Premium pay such as shift, on call, and more based on a teammate's job. Incentive pay for select positions. Opportunity for annual increases based on performance. Benefits and More: Paid Time Off programs, Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability, Flexible Spending Accounts for eligible health care and dependent care expenses, Family benefits such as adoption assistance and paid parental leave, Defined contribution retirement plans with employer match and other financial wellness programs, Educational Assistance Program. Note: Eligibility for programs listed above may depend on your FTE or status (e.g., full-time, part-time, per diem, temporary, etc.); please ask a Recruiter for more information during an interview. About Advocate Health: Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs. Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation’s largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits.