Northern Light Health Hiring for Dir- Finance Business Partner Job at Bangor, ME Full Time

Northern Light Eastern Maine Medical Center

Department: Admin Member Integration – Finance

Position is located: Northern Light Eastern Maine Medical Center

Work Type: Full Time

Hours per Week: 40

Work Schedule: 8:00 AM to 5:00 PM

POSITION SUMMARY:

The Director is responsible for leading in the preparation of member level long range financial plans, operating budgets, capital plans, and forecasts in accordance with corporate guidelines. This role will coordinate and sometimes self-perform financial analysis for entity level issues and initiatives; the role will be the primary conduit for the business to coordinate support from the centralized Strategic Finance & Analytics function. This role will report directly to the AVP, Financial Planning & Analysis at Home Office. In addition, this role will receive direction from and have frequent interaction with the SVP of Finance at assigned member organization.

Job Functions and Duties:

Key Responsibilities:

• Act as a business partner to the entity (including entity level executives and department directors) including proactively providing entity level financial analysis and insights

• Proactively advise and educate management on all aspects that financially impact operations

• Present financial reports to entity leaders as appropriate

• Proactively advise and educate management on all aspects that financially impact operations

• Participate in leadership activities at the Entity level commensurate with other Directors at the entity

• Develop and maintain key relationships with business counterparts to understand their requirements for financial data and analysis

• Participate in performance improvement initiatives by acting as analytical support

• Manage shared intake process for entity level information requests with HO Business Finance, including being part of rotational routing team for requests

• Support entity-wide strategic planning, business prioritization and resource allocation processes with respect to finances, budgets, opportunities for cost reduction, and opportunities for growth

• Receive and perform analysis over reports on the entity’s financial performance in all areas based on past, present and future operations, including variance analysis of actual to expected performance

• Present financial reports to department leaders as appropriate

• Develop and maintain key relationships with business counterparts to understand their requirements for financial data and analysis

• Perform benchmarking analysis (financial and clinical cost) and ensure updates are provided to leadership on a regular basis

• Utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the entity’s operations and business plans

• Provide input to and support finance initiatives driven by entity leaders

• Perform financial analysis for entity level issues and initiatives

• Perform productivity reporting for the entity, utilizing standard tools and templates as issued by Corporate Financial Planning & Analysis

• Oversee and conduct preparation of long-term financial plans for the entity.

• Oversee and conduct preparation of operating budgets and forecasts for the entity.

• Oversee and conduct preparation of capital budgets and associated business cases for the entity.

People and Leadership Responsibilities

• Hold direct reports accountable for managing and developing their assignments to ensure goals are achieved

• Provide ongoing feedback to the team to ensure they develop the skills and competencies required for effective planning and individual professional and personal career growth

• Motivate and inspire the team by providing them with the information and tools they need to do their jobs well

• Manage performance issues, discipline as necessary and address poor standards, ensuring department targets

Decision Rights/Collaborative Responsibilities:

• Responsible for performing financial analysis and performance tracking and analysis for the entity – Coordinated with the centralized Business Finance Team

• Responsible for developing entity level long term financial plans, capital plans, operating budgets, and forecasts

• Collaborate with Strategic Finance & Analytics and IT to manage shared intake process for entity level information requests

• Collaborate with other Finance & Accounting functional areas

QUALIFICATIONS:

Education and Experience:

Completion of a bachelor’s degree in Accounting, Finance or Business is required. CPA, CMA or master’s level coursework preferred. Must possess seven to ten years of progressively more responsible finance experience.

• Understanding of the healthcare industry, trends, issues, risks, etc

• Demonstrated knowledge of and experience in finance in an integrated healthcare environment

• Advanced computer skills with strong knowledge of spreadsheet programs

• Ability to perform under changing circumstances and deadlines

• Strong attention to detail with the ability to learn quickly

• Strong written and verbal communication skills

• Ability to command respect and confidence with professional peers

• Management & leadership experience in healthcare highly preferred.

• Demonstrated leadership skills and executive presence

• Experience working and communicating with physicians and direct care providers preferred.

• Must ascribe to and represent Northern Light Health Ethics, Values, and Principles

PREFERED EXPERIENCE : Significant experience in developing financial projections, including assumptions. Specific experience with hospital operations in a clinical, nursing, ancillary or ambulatory setting. Experience with provider reimbursement rules and regulations, and the operations of a provider practice.

Other Knowledge, Skills, and Abilities

• Able to follow standards of ethical and moral behavior that are in accordance with Northern Light Health values

• Ability to apply business concepts of accounting and finance

• Possess exceptional business acumen with ability to assess and identify opportunities within specific business processes

• In-depth knowledge of corporate structures and potential political interactions thereof

• Strong follow-up skills with the ability to interpret underlying issues in responses received

• The ability to apply creative thought to resolve problems

• Excellent oral and written communications skills with the ability to adapt communication style to audience

• Demonstrated willingness to make and enact decisions applying feedback appropriately.

• Ability to read, analyze, and interpret general business periodicals, professional journals, technical documents, and government regulations

• Ability to effectively translate technical requirements into actionable steps for both technical and non-technical team members

• Ability to delegate when appropriate

• Ability to work with a large number of practice managers, directors and leadership required

• Leads in the development of process workflows and develop basic business processes

Physical Requirements:

While performing the duties of this Job, the employee is regularly required to sit and talk or listen. The employee is often required to stand and walk. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus. Ability to use a keyboard for typing. Ability to travel to different locations along with weekend and overnight stays. Must be able to provide own transportation.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.