Sr. Director, Finance

About this role

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The Urology Department is seeking a Sr. Director of Finance to work full-time, on-site in Miami, FL.

The Sr. Director, Finance acts as principal advisor regarding all financial matters which may affect the short-term or long-term financial success of the University. More specifically, the Director, Finance oversees the development, implementation, and administration of internal controls and operating systems and establishes financial policies in accordance with generally accepted accounting principles, tax regulations, and existing federal and state laws. The ideal candidate for this role should hold 8 years minimum of healthcare financial experience.

CORE JOB FUNCTIONS 1. Establishes budgets and audit process for all facilities and provides appropriate training to management. 2. Communicates financial policies and matters to appropriate finance committees. 3. Prepares appropriate financial reports necessary to show overall financial performance. 4. Develops and manages strategies to maintain the financial well-being of the organization. 5. Determines economic implications and feasibility for modifications to existing systems and installation of new systems. 6. Provides financial analyses, feasibility studies, and others to translate strategic plans into quantifiable data and analysis. 7. Cultivates and maintains payor contract relationships and develops joint venture and collaborative arrangements with external parties. 8. Invests excess short-term and long-term cash and investment portfolios to maximize the return on investment while maintaining the safety of the investments. 9. Conducts timely and thorough analysis of the financial results and forecasts the budgeting processes. 10. Develops timelines, the planning calendar, and planning templates, and improves the planning cycles. 11. Supports financial reporting accuracy and early warning of variances to budget or project risks. 12. Ensures that all standard operating processes (SOPs) are implemented or updated. 13. Establishes and continuously assesses the effectiveness of the internal controls within the unit and compliance with University policies and procedures. Ensures employees are trained in controls within the function and on University policy and procedures.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.

CORE QUALIFICATIONS

Education : Bachelor’s degree in relevant field required

Experience : Minimum 10 years of finance experience, in a healthcare setting required for at least 3-4 years referred

Knowledge, Skills and Abilities: - Strategic Alignment: Skilled in aligning departmental goals with enterprise-wide strategy and develops comprehensive strategic plans. - Financial Management: Ensures fiscal responsibility, and optimization of financial performance. - Resource Management: Ability to allocate resources and drive innovation and growth. - Adaptability: Proven ability to adjust to changes and leads/inspires transformational change. - Team Leadership: Ability to build and lead high-performing teams, manage complex projects, and ensure successful project delivery. - Technology & Analytics: Understanding of technology, data analytics, and performance measurement  to drive strategic decisions and identify opportunities. - Communication: Ability to influence others, articulate strategic vision, and ensure clear and persuasive communication.

Primary Duties and Responsibilities: • Provide accurate and timely management and decision-making information; highlighting improvement initiatives and action plans for assigned departments.

• Participate and contribute on the design and development of business initiatives to include key performance indicators and benchmarks linking performance to strategy.  Make recommendations in strategic long range and tactical planning by providing financial analyses and business evaluation reports and information.

• Conduct fiscal analysis of the departments by preparing and reviewing the monthly and quarterly financial reports, creating forecasts for each department and generate relevant commentaries of key variances to budget, highlighting risks and opportunities to achieving goals and impact upon operations.

• Prepare detailed budgets and operational forecasts for all level of activities conducted by the Department while meeting University guidelines and deadlines.

• Present summarized monthly departmental performance report with key indicators (financial and non-financial) including, income statements, reconciliation and faculty productivity reports.

• Develop financial metrics and monitor faculty performance to make recommendations regarding compensation plans and potential areas for increased revenue.

• Develop and implement financial reporting and analysis to include clinical and research activities by individual areas and physicians.

• Contribute to the development of growth opportunities, studying economic trends, competitive analysis, market share and business case development including scenario planning

• Work with the department administrators and Chairs alongside Planning and Analysis to support the development and management of Chair packages, analyzing the impact of new recruits, acquisitions, etc.

• Develop management and budgetary controls including forecasts and business plans to analyze and generate potential growth and profitability.

• Assist departments with performing economic evaluation of new programs/capital equipment and prepare budgets, financial plans, including financial analysis and business case evaluation highlighting value for money and affordability issues.

• Ensure proper mo

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