Director of Finance

Responsibilities

• Ensures that the highest standards of integrity, ethics, control, and confidentiality are maintained at all times across all financial and accounting matters under the purview of the NSI and MGB Departments of Neurology and Neurosurgery.
• Continually and openly communicates with the NSI Chief Administrator and NSI Executive Administrators on all matters related to the NSI and Departments of Neurology and Neurosurgery fiduciary responsibilities.
• Provides financial leadership and counsel.
• Establishes and enforces finance and accounting policies across the MGB Departments of Neurology and Neurosurgery congruent with NSI, BWH, BWPO, BWFH, MGH, MGPO, HMS, and MGB guidelines.
• Develops and maintains healthy working relationships with NSI and MGB Departments of Neurology and Neurosurgery administrators and central team members, ensuring their understanding of and compliance with finance and accounting policies, deadlines, controls, separation of duties, and directives, and providing training as appropriate.
• Provides analytical support, projections, modeling, and recommendations to NSI and Department leadership, Chairs, division administrators, central team, and others regarding current financial status, budgets / forecast, compensation, and proposed initiatives (e.g. compensation plan redesign, overhead allocations, department charge analysis).
• Reviews and approves selected transactions and requests for spending (e.g., advanced authorizations, expense reports) for the MGB Departments of Neurology and Neurosurgery.
• Makes measurements and communicates operational performance of the NSI and Departments of Neurology and Neurosurgery, identifies opportunities, assists in the implementation of any enhancements, and is responsible for internal control processes.
• Works closely with the Executive Administrators of Neurology and Neurosurgery on the development of policies, operating and administrative programs, and strategic plans.
• Provides primary support to the Executive Administrators in the development of consistent clinical financial reporting for the divisions.
• Meets with administrators as needed to review and monitor reports.
• Leads monthly finance meetings.
• Designs and implements a budget process that leverages the technology (e.g., Workday and Strata) and resources (e.g., Revenue Cycle Operations) available for an accurate and efficient budget.
• Responsible for the timely and accurate preparation of annual financial plans and forecasts for the NSI and Departments of Neurology and Neurosurgery.
• Ensures that the NSI and Departments of Neurology and Neurosurgery budgets are developed, reviewed, approved, and submitted consistent with MGB, and HMS standards.
• Meets with NSI Executive Director and Chief Administrator, and Department Chairs and Executive Administrators to review annual budget pre- and post-submission.
• Leads monthly and/or quarterly update meetings as needed.
• Oversees budget variance and expense management issues; works with Executive Administrators on strategies for cost containment as necessary.
• Represents the NSI and Departments of Neurology and Neurosurgery in budget reviews with BWH/MGH President, COO, CFO, NSI Executive Director, Departments of Neurology and Neurosurgery Chairs, and others as necessary.
• Accounts and Financial Operations:
• Maintains accurate reporting of profit and loss statements for operational accounts, balance sheets, reforecasts, and cash flows for the NSI and Departments of Neurology and Neurosurgery.
• Collaborates with Accounts Payable, Research Finance, Payroll, and other departments as needed for resolution of errors or identification of charges.
• Prevents, identifies, and resolves projected overruns and deficits in a timely manner for clinical funds.
• Oversees account reconciliation process and ensures appropriate adjustments, inter-company settlements and follow-up are performed on a timely basis.
• Ensures comprehensive monthly accounting of hospital support to the NSI and Departments of Neurology and Neurosurgery, including via direct and indirect support.

Qualifications

• CPA, master’s degree in finance, business, public or health management, or equivalent work experience required.
• 7-10 years of experience in healthcare in an academic medical center, with a combination of finance, accounting, and/or operations management experience required.
• Mastery of budgetary and accounting principles/practices required, including the ability to prepare, interpret, and analyze financial information.
• Experience including budget, financial analysis, and/or reimbursement in a physician practice or managed care environment, required.
• Significant management experience required with a demonstrated track record of successfully leading teams.
• Experience working in a highly matrixed organization / environment strongly preferred.
• Outstanding organizational skills to manage many competing responsibilities and priorities.
• Able to delegate, effectively supervise, and plan for the timely and successful completion of objectives.
• Excellent interpersonal skills and a high degree of social facility in obtaining cooperation and support from a broad range of people.
• Demonstrated ability to interact with all members of the organization in ways that enhance understanding, respect, cooperation, and problem solving.
• Excellent verbal and written communication skills to communicate effectively with a large and diverse constituency, including the chairs/chiefs, senior departmental leaders, research faculty at all levels, research trainees and staff, potential donors, representatives, and vendors.
• Demonstrated ability to independently resolve quickly most problems encountered.
• Demonstrated sensitivity, discretion, and judgment regarding confidential matters.