Director of Finance/ Director of Revenue Cycle
Brown Emergency Medicine (BEM) is the academic emergency medicine physician practice plan of the Department of Emergency Medicine at the Alpert Medical School of Brown University. BEM provides emergency department staffing for Rhode Island Hospital, the only Level I trauma center in this region; Hasbro Children’s Hospital, Rhode Island’s only children’s specialty hospital; The Miriam Hospital, a leading community teaching hospital and Newport Hospital, a community Magnet Hospital. BEM member physicians and providers treat over 250,000 patients per year at our 4 clinical sites, drawing patients from Rhode Island, Massachusetts and Connecticut. As a non-profit foundation, BEM is committed to its mission and vision of academic and research support. BEM offers an excellent benefits package, including 85-90% employer-paid medical and dental, vision, employer-paid life insurance, long-term disability, paid time off, paid holidays and generous 401(k) retirement plan.
BEM is looking for a full-time, 40-hour per week Director of Finance/ Director of Revenue Cycle who will be responsible for planning and overseeing day-to-day operations of the Finance Department (Finance, Accounting, Payroll & Retirement, Accounts Payable, Contract Accounts Receivable, and others as needed). The Director of Finance/ Director of Revenue Cycle will establish appropriate performance standards and expectations and will be responsible for preparing and monitoring the annual budget and ensuring financial alignment with the Foundation’s core mission areas.
The Director of Finance/ Director of Revenue Cycle will report to the Chief Financial Officer and will be based in Providence. The position responsibilities will be customized to the qualifications of the person filling the role. Other responsibilities may include:
- Provide support and consultation to the Board of Directors, committees, physicians, and administrative leadership teams.
- Oversees the Foundation budgetary process to ensure proper operational and capital planning; appropriate and efficient use of resources; consistent compliance to budgetary and fiscal controls.
- Provide oversight of the Revenue Cycle team.
- In conjunction with the CFO, negotiate with third party payers for contracts.
- Keeps employees informed of current issues, including new procedures, developments, and innovations. Maintains professional growth and development through seminars, workshops, and professional affiliations to keep abreast of latest trends in field of expertise.
- Provides financial and risk management guidance, analysis, and evaluation in the development of new programs and ventures.
- Ensures consistent leadership amongst managers. Promotes effective communication and collaboration with all employees.
- Coach, motivate, develop, and provide guidance to direct reports.
- Work with managers and direct reports on issues and opportunities as they arise.
- Meet with staff on a periodic basis to review individual and departmental performance and progress toward goals.
- Ensure that proper policies, procedures, and control framework are in place to allow the group to operate effectively as well as safeguard the assets of the Foundation.
- Maintain close working relationship with outside accounting firm regarding annual audits, reviews, tax filings, and changes in accounting policies.
- Supervise external audits (Foundation and Retirement). Ensure processes are in place to ensure clean audit opinions are completed in a timely manner. Review work papers and set direction on internal audit testing as appropriate.
- Maintain close working relationship with banks and investment brokers, regarding cash and account management.
- Prepare financial analysis (monthly, quarterly, and annually) highlighting results compared to the budget along with variance analysis and commentary. Update annual projections based on changes in the business as needed.
- Identifies appropriate internal controls for department and provides mechanisms to monitor and enforce compliance and coordinates the annual audit or reviews, and preparation of 990 form with external auditing firm as needed.
- Develop new ad hoc reporting and analysis to better analyze Foundation operations.
The qualifications for the position are:
- Bachelor’s Degree in Finance, Accounting, or equivalent discipline; Master’s Degree preferred.
- Ten years’ experience in financial operations management; four plus years in healthcare preferred.
- Excellent analytical skills, ability to creatively problem solve, and exemplary verbal, written, and interpersonal skills.
- Strong computer skills and proficiency in Microsoft Office applications, spreadsheets, and database systems. Extensive experience with Peachtree, Adaptive Insights, or similar general ledger and business planning platforms required.
- Professional accreditation, such as CPA, CMA, or CHFP preferred.
Successful candidate must submit to a background release form, demonstrate proof of being free from disqualifying information and must possess a driver’s license and access to an insured vehicle as some transportation may be required.
All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves and others. BEM is an equal opportunity employer. We strive to provide a workplace free from harassment. For more information about BEM, please visit our website at www.uemf.org.
Job Type: Full-time