Position purpose
The Finance Manager position will provide direct support to the financial, operational, and physician aspects of the region. This role will assist in the financial operations of assigned areas, delivering strategic and tactical support to key stakeholders, including but not limited to, physician’s compensation, accounting, and financial planning and analysis. This position will also assist the Director of Finance in acting as a trusted advisor to physicians and operations partners. Perform financial results review, approval, analysis, and reporting. Support the acquisition and integration of new practices.
Responsibilities/Duties/Functions/Tasks:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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Budget & Forecast: Assist in creating the annual budget and ongoing forecasts to support operational planning and decision making for assigned area. Work with the Director of Finance to determine budget and forecast assumptions to ensure accuracy and alignment with strategic goals. Identify risks and opportunities key to achieving targets, providing recommendations to counter measure identified risks.
- Operational Efficiency: Identify and track performance towards key performance metrics. Monitor and communicate practice and physician productivity. Track and communicate progress towards cost efficiency targets. Analyze and prepare dashboard recommendations to assist with communication with the key stakeholders to support the realization of opportunities.
- Financial Compliance: Assist in monitoring compliance with regulatory requirements, financial policies, and internal controls.
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Financial Reporting & Analysis: Prepare meaningful and actionable financial and operational reports, analysis, and commentary relevant for each key audience’s understanding of performance. Perform ad hoc modeling of financial impact of operational decisions as needed. Lead detailed forecast and actual results analysis to anticipate short and long-term business trends and provide recommendations to improve performance.
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Financial Results Review: Partner with accounting team for month, quarter, and year-end close review to drive process improvement and ensure results are accurately stated. Identify process enhancements to improve reporting and variance analysis. Perform general ledger and data validation to ensure data accuracy and completeness for proper financial reporting. Perform monthly variance analysis in collaboration with FP&A and Accounting in supporting the Director of Finance.
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Management & Supervision: Select, train, and performance manage support staff to ensure the successful delivery of financial operations functions.
- Financial Operations: Review for accuracy other payables to ensure compliance with budget and proper general ledger classification. Provide ongoing review of employee roster and ensure proper designation of personnel expenses. Perform review and analysis for contract service arrangements (hospital call, contract physician services, shared services agreements, etc.). Monitor controls to ensure business activities meet targeted performance goals.
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Relationship Manager: Partner with Director of Finance as an additional point person for physician and operations partners within assigned territory for finance, accounting, physician compensation, MSO and related inquiries and issues. Maintain service centric culture. Develop and foster relationships within the region and throughout the organization.
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M&A/ Integrations: Assist in supporting M&A analysis and assumptions for potential acquisitions within assigned territory. Support of integration of finance and accounting activities for new practices. Perform income repair analysis and monitor ongoing performance versus expectations.
Qualifications
Education: Bachelor’s degree in accounting or related field required. CPA is preferred.
Experience: Minimum 5+ years of related work experience. Previous experience leading PE backed portfolio company through multiple merger integrations is strongly desired. Prior large accounting firm background and health care industry preferred. Netsuite ERP experience is a plus.
Additional Qualifications: N/A
Performance Requirements:
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Demonstrated ability to build strong cross-functional relationship throughout the organization to achieve common goals.
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Excellent communication skills to distill information into a digestible presentation for senior management with recommended corrective actions.
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Comfortable managing multiple projects with tight or overlapping deadlines.
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Excellent Microsoft computer skills with superior ability to manipulate large amounts of data.
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Experience in creating ad hoc reporting and board materials as required.
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Able to motivate others, promote cross training and create succession planning for the key accounting areas.
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Hold others accountable by monitoring progresses/results and giving effective feedback in a timely manner.
Equipment Operated: This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
