Overview

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Manager of Site Financial Operations for the Physician Services Division (PSD) is a network position within the Finance Department of Hackensack Meridian Health (HMH). Will assist in providing support to the Site Controller relative to financial operations including but not limited to, budgets, monitoring monthly financial performance, financial planning for PSD projects, etc.

Responsibilities

A day in the life of a Manager of Site Financial Operations for the Physician Services Division (PSD) at Hackensack Meridian Health includes:

• Assists in development of operating budgets. Reviews current expense trends, research budget discrepancies and anticipates new expenditures. Reviews departmental budgets with on-site department directors/managers. Analyzes and validates budget assumptions.

• Supervises the work of a Financial Analyst responsible for compiling and analyzing financial information.

• Prepares detailed financial analysis and trend reports including FTE, supplies expense and statistical data to support strategic goals and targets set by Network Leadership and Corporate Finance Team.

• Supports Site Controller with completion of forecasts of Physician Volume providing detailed analysis by Physician, Physician Specialty and Practice including current and prior year activity.

• Assists in the monthly financial close process for assigned network areas , researching revenue and expense variances and providing guidance related to areas of strengths and weaknesses.

• Prepares for review with the Senior Finance and Opersations leadership on a monthly basis a package/report that includes detailed financial, statistical, and productivity information.

• Tracks and works with on-site executive leadership team to monitor funds for projects/initiatives around practices and affiliated campuses.

• Assists in providing information and or coordination, where necessary, for the practices , relative to construction projects, annual statistics for marketing materials, surveys, and other projects.

• Assists Site Controller and Corporate Finance Team in other projects, including leading due diligence, development of feasibility studies, valuation, financial disclosures, and other related duties as assigned.

• Directs and disseminates financial reports within the organization to aid corporate decision making and strategic planning. Ensures reports reflect accurate and up-to-date information and are distributed on a timely basis. Acts as a liaison for on-site staff and provides support for systems conversions, upgrades, etc.

• Acts as a liaison for on-site staff to educate and ensure staff understand Physician practice policies.

• Conducts financial planning and analysis to interpret trends, variances from budgets, and variances from standards and provides advice and counsel to staff consistent with established financial policy. Makes recommendations based on these analysis.

• Develops and monitors internal control systems to safeguard assets.

• Assures the absolute financial integrity of the PSD's financial reporting data.

• Actively participates in development of financial and statistical reports/charts/graphs/analysis within Network business intelligence reporting system.

• Assumes an active role in analyzing and exploring means of reducing operating costs and increasing revenues based on knowledge of market trends, financial reports and operating procedures.

• Works with operations leadership in the development of short and long range planning objectives. Provides leadership and professional skills to ensure financial plans meet desired objectives.

• Other duties and/or projects as assigned.

• Adheres to HMH's Organizational and Managerial competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required:

• Bachelor's Degree in Accounting or Finance.

• A minimum of 5 years of management experience and/or 7+ years of progressive experience in finance, planning, or directly related activities in the healthcare industry.

Education, Knowledge, Skills and Abilities Preferred:

• Master's of Business Administration (MBA) or Certified Public Accountant (CPA).

• Prior public accounting experience.

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!

Job ID 2024-147572

Department Corp Finance-Physician Svs

Site HMH Hospitals Corporation

Job Location US-NJ-Edison

Position Type Full Time with Benefits

Standard Hours Per Week 40

Shift Day

Shift Hours Day

Weekend Work Weekends as Needed

On Call Work No On-Call Required

Holiday Work No Holidays Required