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Finance / Legal
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. đź’¸ Salary: unspecified. đź“ŤLocation: USA.
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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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| đź“Ť | 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. |
Back to Remote jobs >
Finance / Legal
Finance / Legal
|
Salary
đź’¸
unspecified
|
Remote
Location
USA
|
|
Job Type
full-time
|
Posted
Mar 16, 2025
|
️
| đź“Ť | 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. |
