Schedule Details/Additional Information: Fulltime, dayshift Monday through Friday. Hybrid position with approximately 3 days onsite and up to 2 days remote, based on operational needs.
$54.90 - $82.35 Major
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. Provides consultation to operating departments on financial modeling and forecasting to establish and maintain financial and budgetary accountability.
Analyzes data and offers recommendations to 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. Identifies and benchmarks financial opportunities and trends using business and industry as well as competitive analysis.
Works with operational leadership to implement operational improvements. 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.
Manages and participates in the production of reports and distributions to the organization. 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.
Ensures compliance with financial regulatory and payer requirements. Interprets and enforces system, region, PSA, site and entity policies and procedures to ensure the smooth operation of financial functions and department operations. 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.
Develops and recommends operating and capital budgets and controls expenditures within approved budget objectives. Responsible for understanding and adhering to the organization's 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 the organization's business. Licensure, Registration, and/or Certification Required: None Required.
Education Required: Bachelor's Degree in Finance or related field. Experience Required: Typically requires 5 years of experience in finance or accounting. Includes 1 year of supervisory experience in budgeting, financial forecasting, modeling, and planning.
Experience Preferred: Healthcare finance experience strongly preferred. Experience with budgeting, forecasting, financial analysis, and operational finance support. Strong Excel and financial modeling skills.
Ability to partner effectively with operational leaders and present financial information to management. Prior leadership or supervisory experience preferred. Knowledge, Skills & Abilities Required: 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 relational skills and ability to get things done through teamwork, persuasion and influence Strong analytical skills, including ability 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.
Physical Requirements and Working Conditions: Must be able to operate all equipment essential in performing the job. Generally will be exposed to a normal office environment. This position requires some travel; so will be exposed to weather and road conditions.
This
indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.
Our Commitment to You: Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including: Compensation Base compensation listed within the listed
based on factors such as qualifications, skills, relevant experience, and/or training Premium pay such as shift, on call, and more based on a teammate's job Incentive pay for select positions Opportunity for annual increases based on performance Benefits and more Paid Time Off programs Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability Flexible Spending Accounts for eligible health care and dependent care expenses Family benefits such as adoption assistance and paid parental leave Defined contribution retirement plans with employer match and other financial wellness programs Educational Assistance Program Note: Eligibility for programs listed above may depend on your FTE or status (e.g., full-time, part-time, per diem, temporary, etc.); please ask a Recruiter for more information during an interview.
About Advocate Health Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care.
Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs.
Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation’s largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits.