Associate Director of Finance – HYBRID

Job Description

Vanderbilt Health

Internal Number: R-29112

Discover Vanderbilt University Medical Center: Located in Nashville, Tennessee, and operating at a global crossroads of teaching, discovery, and patient care, VUMC is a community of diverse individuals who come to work each day with the simple aim of changing the world. It is a place where your expertise will be valued, your knowledge expanded, and your abilities challenged. Vanderbilt Health recognizes that diversity is essential for excellence and innovation. We are committed to an inclusive environment where everyone has the chance to thrive and where your diversity of culture, thinking, learning, and leading is sought and celebrated. It is a place where employees know they are part of something that is bigger than themselves, take exceptional pride in their work and never settle for what was good enough yesterday. Vanderbilt’s mission is to advance health and wellness through preeminent programs in patient care, education, and research.



Organization:

Underpymts, Enroll, & Auth


Job Summary:

JOB SUMMARY
Provides leadership in developing, analyzing, and conducting complex net patient service revenue analyses to assess the viability of financial plans. Maintains the established goals of the organization with an emphasis on the independent analysis and reporting of financial information. Analyzes and supports scenario planning and financial modeling of expected operational and regulatory changes specific to net patient service revenue. Mentors and coaches staff.



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KEY RESPONSIBILITIES

  • Independently monitors operational statistics and financial performance for the organization.
  • Leads the coordination, validation and reconciliation of key revenue assumptions pertaining to the budgeting and financial planning processes.
  • Leads the development and optimization of key reports used for statistical monitoring and financial reporting.
  • Support the budgeting and financial planning process specific to net patient service revenue.
  • Support the development of divisional operating budgets specific to net patient service revenue.
  • Support the analysis of divisional and organizational budget to actual performance reviews.
  • Recommends enhancements of budgeting, forecasting, and budget-to-actual reporting practices to improve efficiency.
  • Provides financial modeling analyses and evaluates the impact of payer mix fluctuations, acuity changes, and reimbursement changes (including contracted or regulatory reimbursement rate changes) specific to net patient service revenue.
  • Provides information and analysis for long-range financial planning and cash flow forecasting.
  • Provides advice and direction in the development of business plans, regulatory changes, and compliance matters, specific to net patient service revenue.
  • Analyzes and reports the effects of proposed federal and state regulatory actions which may impact financial planning specific to net patient service revenue.
  • Support analyses involving new business initiatives and models net patient service revenue impacts.
  • Analyzes future trends and indicators in related areas of interest.
  • Manages special projects and assignments, including support and preparation of special impact studies and other financial surveys and questionnaires.

  • Works with manager to formulate plan for professional development. Attends educational in-services as appropriate.
  • Participates in professional activities and organizations to maintain knowledge of current trends, practices, and developments.
  • Provides guidance and direction to professional staff.
  • The responsibilities listed are a general overview of the position and additional duties may be assigned.

TECHNICAL CAPABILITIES


  • Peer Leadership (Advanced): The ability to show leadership and influence people of equal rank to accomplish team goals.
  • Project Management (Expert): Planning, organizing, and managing timelines and resources to bring about the successful completion of specific project goals and objectives.
  • Financial Analysis (Expert): The process of evaluating businesses, projects, budgets, etc. to determine their performance, stability and profitability.
  • Problem Solving (Expert): Uses critical thinking and process improvement i.e. coaches and mentors development of problem statement, describes current state, identifies root causes, creates future state, coaches and mentors development of solutions and action plans with a sustainability plan. Applies proper tools to address issues.
  • Written Communication (Advanced): Demonstrates the ability to write clear, detailed, and comprehensive status reports, memos and documentation. Demonstrates an understanding of effective composition, such as having first line in a paragraph state the subject.
  • Communication of Results (Advanced): Communicates results and recommendations to customers in a concise and non-technical format. Clearly states implications and potential next steps. Presents analysis, ideas, and findings using the appropriate data visualization and presentation tools [such as Word, Excel, Tableau, and PowerPoint].

MINIMUM QUALIFICATIONS


  • A bachelor’s degree in accounting, finance, or technology related field with +5 years of related experience required, preferably in healthcare with an MBA or CPA preferred.
  • Knowledge and relevant experience with Epic, Kodiak (RCA), Workday, Adaptive Planning, Alteryx, Power BI, SQL, PowerPivot, and Tableau strongly preferred.
  • Experience in Healthcare Quality of Earnings or Hospital Quality of Revenue analyses is strongly preferred.

Our professional administrative functions include critical supporting roles in information technology and informatics, finance, administration, legal and community affairs, human resources, communications and marketing, development, facilities, and many more.

At our growing health system, we support each other and encourage excellence among all who are part of our workforce. High-achieving employees stay at Vanderbilt Health for professional growth, appreciation of benefits, and a sense of community and purpose.


    Core Accountabilities:

    * Organizational Impact: Establishes key tactical and operational plans of a sub-function or multiple departments that has longer-term effect on results of the sub-function. * Problem Solving/ Complexity of work: Integrate knowledge and in-depth analysis from several areas to resolve complex problems that are both technical and operational. * Breadth of Knowledge: Applies comprehensive knowledge of professional/technical area and broad management knowledge of other professional areas to carry out objectives. * Team Interaction: Leads multiple departments with a function.

    Core Capabilities :


    Supporting Colleagues: – Develops Self and Others: Acts upon constructive feedback from all levels of the organization and initiates strategies to develop talent in others. – Builds and Maintains Relationships: Leverages relationships and insight to forecast potential future needs and influence delivery of work to exceed expectations. – Communicates Effectively: Anticipates difference audience concerns, styles and finds mutually beneficial solutions across conflicting and sensitive issues. Delivering Excellent Services: – Serves Others with Compassion: Demonstrates in-depth knowledge of broad-based issues and considers the interests of others to improve satisfaction of services. – Solves Complex Problems: Critically evaluates complex information and identifies trends/risks to make recommendations to improve processes across areas. – Offers Meaningful Advice and Support: Provides ongoing feedback and development discussions to motivate and support team members to maximize performance.Ensuring High Quality: – Performs Excellent Work: Anticipates problems or obstacles which may interfere with quality standards and develops plants to ensure area’s quality standards are met. – Ensures Continuous Improvement: Routinely draws upon valuable learning from others, past experiences, and new information to determine key opportunities. – Fulfills Safety and Regulatory Requirements: Develops appropriate corrective actions for unsafe environments in order to ensure operational and safety compliance. Managing Resources Effectively: – Demonstrates Accountability: Identifies potential obstacles to goal achievement and develops solutions to address those obstacles. – Stewards Organizational Resources: Creates the appropriate systems and processes to effectively manage resources. – Makes Data Driven Decisions: Applies in-depth knowledge of data to recommend and implement new approaches to improve decision making capabilities. Fostering Innovation: – Generates New Ideas: Identifies opportunities and leads development of new initiatives that create value across areas. – Applies Technology: Creates the energy and drive for self/others to identify and leverage technology in new, innovative ways to drive greater efficiencies. – Adapts to Change: Anticipates the change process and clearly communicates impact on others/own team(s), assisting them in embracing the change.

    Position Qualifications:

    Responsibilities:



    Certifications:

    Work Experience:


    Relevant Work Experience

    Experience Level:


    5 years


    Education:


    Bachelor’s

    Vanderbilt Health recognizes that diversity is essential for excellence and innovation. We are committed to an inclusive environment where everyone has the chance to thrive and to the principles of equal opportunity and affirmative action. EOE/AA/Women/Minority/Vets/Disabled

    Source

    To apply, please visit the following URL:https://jobs.healthcareercenter.com/jobs/rss/20612790/associate-director-of-finance-hybrid→