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.

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

Finance / Legal

Salary 💸 unspecified	Remote Location USA
Job Type full-time	Posted Mar 16, 2025

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📍	Be aware of the location restriction for this remote position: USA
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[Hiring] Financial Business Partner @C999 UMass Memorial Health Care, Inc.

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