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Financial Business Partner @C999 UMass Memorial Health Care, Inc.

[Hiring] Financial Business Partner @C999 UMass Memorial Health Care, Inc.

Mar 16, 2025 - C999 UMass Memorial Health Care, Inc. is hiring a remote Financial Business Partner. 💸 Salary: unspecified. 📍Location: USA.

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.

Role Description

This position acts as a Business Partner to various clinical departments and service lines, covering financial and performance management support for several service lines.

  • Functions as the Finance Business Partner to the clinical and operational service lines.
  • Provides education and guidance for department and service line leaders related to sources of financial and operational data and reports.
  • Functions as the subject matter expert regarding management reports provided to department and service line leaders and functional area managers.
  • Provides training and interpretation to clinical managers.
  • Reports inclusive of Medical Center and Medical Group detailing financial performance reports, budget reports, productivity report and various scorecards or dashboards.
  • Service line activities may include member and affiliate hospitals.
  • Provides feedback and input to report development and performance analysis.

Budget Support:

  • Provide assistance to Vice Presidents, managers, and service line leaders in developing operational budgets.
  • Review intercompany transactions and provide recommendations for changes in funding based on funds flow principles and SLAs.
  • Provide financial analysis when appropriate.
  • Assist in revenue and cost initiatives, track initiatives and report on progress.
  • Meet with Vice Presidents, managers and service line leaders on a monthly basis to review performance.
  • Assist frontline manager in the development of recovery plans in areas not performing to budget.
  • Train managers in the use of the variance reporting system and development of recovery plans.

Performance Tracking and Reporting:

  • Meets regularly (at least monthly) to review various financial performance, operational and scorecard reports.
  • Assist in the development of reports and scorecards that will be meaningful and actionable to the service line leaders and managers.
  • Identifies significant variances and trends, presents progress reports to the service line leaders and senior leadership and makes recommendations for corrective action as necessary.
  • Follows up on questions from department and service line leaders and provide more in depth analysis on various items as requested.

Opportunity Identification:

  • Assist department and service line leadership in identifying various opportunities for performance improvement in the areas of volume growth, revenue improvement and expense reduction.
  • Coordinates with other finance departments to provide the needed data and information for analyzing such opportunities.
  • Identifies expense opportunities utilizing benchmarking and productivity analyses.

Strategic Business Planning:

  • Participates in service line planning activities such as the coordination of proposed business plans for various enhancements to the service line operations.
  • Coordinates the appropriate finance resources to provide projected performance analysis and business plans around such changes.
  • Works in conjunction with representatives of the Medical Center and the Medical Group to define and prioritize departmental strategy and direction.
  • Participate in other service line or management meetings as requested.

Qualifications

  • Bachelor’s degree in Business Administration or equivalent experience required.
  • Master’s degree in Business Administration preferred.
  • Five years of related experience required, preferably in a Healthcare setting.
  • Must be highly motivated and dedicated professional who demonstrates a strong commitment to excellence, customer focus, and understands the importance of accountability.
  • Must have problem solving abilities, work independently and communicate effectively.
  • Able to manage high quality and exceptional customer service in a fast pace environment.
  • Requires some flexibility to work off-hours as required.

Requirements

  • Minimum of 2 year’s experience working with cost accounting systems preferred.
  • Knowledge of major accounting and Business Intelligence systems preferred.
  • Hospital clinical or operational experience preferred.

Company Description

At UMass Memorial Health, everyone is a caregiver. No matter their responsibilities or title, every employee or “caregiver” fills an important role for our patients and their families every day.

  • More than 16,000 employees working together as one health system.
  • Relentless pursuit of healing for our patients, community and each other.

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Before You Apply
📍 Be aware of the location restriction for this remote position: USA
Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
Financial Business Partner @C999 UMass Memorial Health Care, Inc.
Finance / Legal
Salary 💸 unspecified
Remote Location
USA
Job Type full-time
Posted Mar 16, 2025
Apply for this position Unlock 52,691 Remote Jobs
📍 Be aware of the location restriction for this remote position: USA
Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
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