About the Job General Summary of Position The Finance Business Partner Director collaborates with local CFOs and functional representatives to facility-wide and department-level results explaining overall financial outcomes compared to planned financials. As a subject matter expert the Finance Business Partner Director leverages finance expertise and market understanding to support business leaders in achieving short and long-term objectives.
Champions leading practice data management and reviews centralized reports to provide data-driven insights anticipating financial performance questions. Handles ad hoc strategic financial requests relays local needs to central teams and serves as a key partner and collaborates with MedStar's Centers of Excellence and Shared Service groups. This position is pivotal in enhancing the system's financial position through strategic financial management and operational insight.
Primary Duties and Responsibilities Annual operating and capital budget: Understands how systemwide assumptions and local budgets were developed. Provides leadership and direction to the development of the annual operating and capital budget including but not limited to engagement with clinical operational and executive leadership. Financial planning cycle: Serves as a strategic partner to clinical and operational leaders to ensure the long-range financial plan incorporates real-time knowledge and insights from front-line leaders.
Challenges assumptions and status-quo in a tactful thoughtful way. Performance trending and other ad hoc analyses: Ensures appropriate data collection and reviews reporting generated by centralized teams to enable data-driven insights. Leverages data relationships with local stakeholders and deep financial expertise to deliver service-oriented and highly responsive results and insights to support enhanced decision making by functional teams.
Proactively anticipates questions concerns and risks associated with financial performance or variances New business/venture assessment: Serves as a strategic partner to clinical and operational leaders in the formulation and evaluation of new business development and/or changes to core business. Supporting strategic initiatives and implementation: Orients functional leaders to key financial reports and provides guidance on their use and applicability.
Proactively seeks to identify process improvement opportunities and provides leadership to address issues. Supports the development of performance improvement plans and mechanics which support the tracking of progress to achieving those plans. Routine monthly/annual reporting: Actively participates in monthly quarterly and annual financial close cycles.
Serves as liaison between Finance Centers of Excellence and front-line leaders to understand business results ensuring appropriate data collection & review as well as local operational relationships & insights to articulate issues or concerns with financial performance and support ad-hoc analyses. Works with the local CFO to explain the overall financial results of the entity. Supervisory/Leadership/Performance Reviews: Assists in building and retaining a high-caliber professional team essential to a high-performance organization including mentorship and succession planning.
Assists in motivating and engaging staff leading change building trust and regional consistency and appropriately delegating and empowering the team. Serves as a trainer and coach to the team as it relates to all job duties. Completes annual performance reviews and provides coaching to team.
Key business partner to clinical operational and executive teams: Provides support for ad hoc requests from functional leaders at the local level seeking time sensitive information that is financial in nature. Relays local needs to central support colleagues to determine whether adjustments are required to recurring data and reporting packages based on requests originating from local teams. Balancing priorities and managing to tight deadlines: Balances multiple deadlines and prioritizes work to ensure deadlines are met.
Describing relationship between local and COE: Serves as a primary local liaison to MedStar's Centers of Excellence and Shared Service groups to investigate financial and operational activity requiring operational insight. In addition communicates the needs of local team members and activity which may impact financial results (e.g. adjustments to standard reports activity which would trigger a Journal Entry etc.). Minimal Qualifications Education Bachelor's degree In Finance or Accounting required and Master's degree preferred One year of relevant education may be substituted for one year of required work experience.
Experience 8-10 years Experience at a senior or higher level in cost accounting and finance related to financial planning and analysis; managerial experience required and Project management operational lean and/or sigma experience a plus One year of relevant professional-level work experience may be substituted for one year of required education. Licenses and Certifications Certified Public Accountant (CPA) Upon Hire preferred Knowledge Skills and Abilities Possesses a `One MedStar system mindset' taking local requirements and collaborating with Finance CoE colleagues to drive system-level standardizationAbility to Prioritize problems in terms of strategic and possible long-term impactsAbility to Build effective internal customer and vendor relationshipsAbility to Analyze problem solve and drive decision-makingAbility to Mentor coach and develop talentAbility to Partner closely with customers to drive good financial hygiene and practicesAbility to Build capability and share financial knowledge with stakeholdersAbility to Manage ambiguityAbility to Realize benefits from Finance process standardizationUnderstanding of Finance value drivers across business segmentsUnderstanding of Financial analyses and modeling techniques and toolsUnderstanding of Broad business perspective and department nuancesExperience with Standardized finance service deliveryExperience with Developing and communicating complex process metrics and topics to stakeholders Experience with Managing change to meet organizational goals Experience with Managing executive leadership relationships This position has a hiring range of USD $114,004.00 - USD $219,960.00 /Yr.