Finance Manager, Operating Budgets
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Job Location:
Monthly Salary:
Posted on:
23 days ago
Vacancies:
1 Vacancy
Job Summary
The Manager of Operating Budgets supervises and coordinates the preparation of UI Health Cares annual hospital operating budget. The Manager of Operating Budgets will work closely with the Budget Director and other UI Health Care staff to lead in the annual budget development and in the monitoring of actual versus budget performance on a routine basis. The role keeps the Budget Director and team informed of changes to policy and procedure that may impact operations.
Position responsibilities:
Financial Oversight and Budgeting
Assist the Budget Director in the planning development and compilation of the annual hospital operating budgets.
Analyze and provide data for use in the budget process including UOS gross and net revenue FTEs and labor hours.
Assist in the preparation of budget reports for the State of Iowa Board of Regents.
Provide ongoing support to departmental and management staff regarding financial performance data and processes.
Manage the FTE Management Process for the hospital as far as reviewing all hiring requests providing vacancy reporting and working with leadership on reporting and refining the process.
Financial Reporting
Supervise and coordinate the annual preparation of the various budgetary units within UIHC. Make recommendations regarding appropriate policies procedures and guidelines.
Monitor monthly performance versus budget. Contact departmental managers to analyze and understand variances. Support actions to implement corrections.
Develop implement and maintain the Strata operating budget system and other data sources used to support the budget process.
Develop reporting as needed to communicate financial and statistical data to management.
Financial Analysis and Planning
Review flexible budget performance and analyze changes in Unit of Service statistics impacting financial performance.
Assist in the development of systems and processes used for data collection and reporting in the budget process.
Oversee the rolling forecast process throughout the fiscal year assessing the impact of changes from budget projections.
Provide guidance and analysis for departmental and management questions and for new requests as they arise.
Participate in the development of a process to forecast RVU volumes and to translate the impact of the change in physician volumes on hospital volumes.
Leadership and Training
Support departments and coordinate education on the budget process.
Coordinate feedback from users to improve the budgeting system and procedures.
Supervise budget staff including hiring training and performance management.
Required Qualifications
- A Bachelors degree in Business Administration Accounting or an equivalent combination of education and experience is required
5-7 years of experience in accounting auditing cost accounting budget and/or financial analysis.
Demonstrated proficiency in complex financial and statistical analysis and presentation.
Excellent written and verbal communication skills.
Demonstrated proficiency in computer software applications.
Demonstrated ability to resolve problems and develop operational solutions.
Demonstrated ability to develop and manage a high-performing and collaborative team.
Demonstrated experience working effectively in a welcoming and respectful workplace environment.
Desired Qualifications
4 years of relevant healthcare accounting experience. A background in an academic setting is highly desired.
A Masters degree in Business Administration or Accounting.
Knowledge of University of Iowa and UI Health Care financial and operational policies and procedures.
Application Process:To be considered applicants must uploada cover letter and resume(under the submission of relevant materials)that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of7calendar days. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification.
Up to 5 professional references will be requested at a later step in the recruitment process. For questions contact Sharon Walther at.
This position is not eligible for University sponsorship for employment authorization now or in the future.
Required Experience:
Manager
Key Skills
- Robot Programming
- System Design
- Algebra
- Computer Skills
- Microsoft Outlook
- HVAC
- Mechanical Knowledge
- CMMS
- OSHA
- Microsoft Excel
- Geometry
- Writing Skills
About Company
The University of Iowa is a top-tier public research university in Iowa City—home to more than 32,000 students, offering world-class programs across 200+ fields of study, renowned especially for its creative writing, acclaimed medical center, and balanced excellence in the arts and sc ... View more
