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Mgr Financial Planning

Req #:  109520
Facility:  Good Samaritan Hospital
Department:  Management/Supervisory
City:  Downers Grove
Posting Budget Status:  Day
Shift Type:  Full Time - Permanent
Posting FTE:  1

Over its nearly 40-year history, Advocate Good Samaritan Hospital has evolved into a recognized national leader in health care. Good Samaritan Hospital has been named to the 100 Top Hospitals list six times and is the only health care organization in the state to earn the prestigious Malcolm Baldrige National Quality Award, achieving the honor in 2010. Good Samaritan Hospital features DuPage County’s only Level I trauma center, a certified Level III neonatal intensive care unit and received the American Nurses Credentialing Center Magnet® recognition for nursing excellence. A range of services are offered at the hospital, including cardiology, oncology, orthopedic surgery, neurosurgery, general surgery, gastroenterology, stroke care, obstetrics and gynecology, and low-dose diagnostic imaging. Good Samaritan Hospital is part of Advocate Health Care.

Purpose

Manages financial and business functions activities related to coordinating budget activities, forecasting processes, financial modeling, and benchmarking as well as defining operating performance measures.  Assists leadership in the financial oversight and implementation of operations improvements, and provides education on financial implications.

 

Qualifications

  • Bachelors degree in Finance or Accounting.  MBA or CPA preferred.
  • 5 years of experience in finance or accounting. Includes 1 year of supervisory experience in budgeting, financial forecasting, modeling, and planning.
  • Excellent communication skills essential in order to interact effectively with all levels of management and staff.  Demonstrated ability to explain complex financial issues to non-financial staff and leadership.
  • Demonstrated proficiency in the Microsoft office (Word, Excel, PowerPoint, Access) or similar products.  Ability to use accounting and financial software, systems, and data retrieval techniques.
  • Demonstrated ability to handle multiple priorities.
  • Strong analytical skills, including abilility to review quantitative and qualitative data and reach sound conclusions
  • Strong understanding of health care dynamics and economics as it relates to the profitability of various services and the margin contribution available with marginal investment.

 

Major Responsibilitiies

  1. Coordinates, compiles and reviews the operating and capital expenditure budgets, both annually and for long range planning to achieve desired goals and objectives.   Develops and refines budgeting techniques to provide leadership with optimum financial control and planning tools.
  2. Provides consultation to leadership on financial modeling and forecasting to establish and maintain financial and budgetary accountability.
  3. Analyzes data and offers recommendations to Finance leaders and senior leadership, which are in line with Advocate Aurora Health's strategic vision and objectives.  Educates leadership on potential implications, identifies key issues, and assists with the interpretation of data and information.
  4. Identifies and benchmarks financial opportunities and trends using business and industry as well as competitive analysis.  Works with operational leadership to implement operational improvements.
  5. Manages, explains and interprets close results for site(s) or service line leadership.  Partners with direct leader and leadership to review and reconcile unusual expenses, unfavorable variances, or cost saving opportunities.  Manges and participates in the production of reports and distributions to the organization.
  6. Serves as a resource/liaison for site(s) or service line leadership, corporate finance staff (general accounting and reimbursement, etc) departments and functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology for the site(s) or service line by providing guidance on policies and procedures, provides direction of financial statement preparation process, consultation on specific finance-related issues or day-to-day operations issues, notification regarding material issues impacting net reimbursement, etc.
  7. Ensures compliance with financial regulatory and payer requirements.
  8. Interprets and enforces system, region, PSA, site, and entity policies and procedures to ensure the smooth operation of financial functions and department operations.
  9. Performs human resources responsibilities for staff which include interviewing and selection of new employees, promotions, staff development, performance evaluations, compensation changes, resolution of employee concerns, corrective actions, terminations, and overall employee morale
  10. Responsible for understanding and adhearing to the Advocate Aurora Health Care Code of Ethical Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations and laws applicable to Advocate Aurora Health.

About Advocate Health Care

 

Advocate Health Care, named among the nation’s Top 5 large health systems based on quality by Truven Analytics, is the largest health system in Illinois and one of the largest health care providers in the Midwest. Advocate operates more than 250 sites of care, including 12 hospitals that encompass 11 acute care hospitals, the state’s largest integrated children’s network, the state’s largest emergency and Level I trauma network, one of the area’s largest home health care companies, and the region’s largest medical group. Advocate Health Care has 4 teaching hospitals and is a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ.


Nearest Major Market: Chicago