Hospital Financial Controller

Hospital Financial Controller

Requirements

• Bachelor’s Degree in Accounting, Business Administration, or related field or equivalent combination of education and experience
• MBA or equivalent Advanced degree preferred
• Five – Seven years experience in a progressively more responsible Health Care Financial position
• Experience with budgeting, cost accounting and financial analysis

Responsibilities

• Functions as the Hospital Controller responsible for budgeting, overall cost control, purchasing liaison, inventory and supply control, position control, and other financial matters as directed
• Prepares and submits for approval the annual Operating Budget
• Translates hospital objectives into departmental objectives
• Assists operating management in identifying and implementing plans to achieve Budget objectives
• Works with corporate Budget director to meet timing and data requirements
• Establishes a Budget reporting process that focuses on measurable cost performance to complement and align with reporting for revenue elements
• Integrates reporting input into senior management and corporate reports
• Identifies cost control and cost management issues and recommends actions to resolve
• Assists in the implementation of the corrective actions
• Meets regularly with department and senior operating management to review financial results; participates in senior management meetings involving financial issues
• Investigates variances from budget or plan
• Quantifies the variance in dollar terms, and distinguishes those variances between price/rate and volume factors
• Prepares and submits for approval the annual Capital Budget
• Works with Departments and Senior Management to develop a criterion based selection process and to prioritize capital needs based on this process
• Monitors the ongoing use of capital funds and reassessment of capital priorities as needed
• Works with operating management to achieve cost and business objectives; establishes cost control mechanisms that are easily understood by operating management
• Establishes cost metrics that management can use to achieve financial objectives
• Identifies cost control and cost management issues and recommends actions to resolve
• Assists in the implementation of the corrective actions
• Works with Department Management and Senior Management in the review of new and existing product lines, contracts and business ventures to provide in-depth cost and financial analysis and make recommendations regarding financial issues
• Approves personnel actions such as hires, fires, disciplines, etc.
• Ensures the timely completion of performance appraisals
• Allocates resources to carry out necessities required by the organization
• Monitors activities for and ensures compliance with laws, government regulations, JCAHO requirements and DMC policies
• As directed, implements external and internal audit recommendations

Preferred Qualifications

• MBA or equivalent Advanced degree preferred