Healthcare Finance Director: Strategy & Budgeting

Advocate Health; Barrington (IL); On-site; USD 130,000 - 180,000; Full time

Job summary

Advocate Health in Barrington, IL seeks an experienced Senior Finance Leader to steer budgeting, forecasting, and financial planning for the site. You will prepare proformas, lead the budget process, and partner with site leadership to improve financial performance.

The role requires a Master's in Finance or related field, 7 years in financial operations with at least 3 in management, healthcare experience preferred, and strong communication with executives.

Qualifications

• Master's Degree in Finance or related field required.
• Typically 7 years of experience in financial operations including overseeing financial operations and developing/executing financial strategies.
• Healthcare experience preferred; includes 3 years of management experience in financial management.

Responsibilities

• Lead the budget process for the site, establishing timing, methods and process for the budget and ensuring integrity of the budget.
• Prepare proformas or financial analyses to meet organizational decision making needs.
• Lead the forecast process and partner with site leaders to improve financial performance.
• Direct or prepare revenue budgeting including gross revenues, contractuals and bad debts/charity; identify opportunities for revenue enhancement and cost reduction.
• Oversee capital process, including capital requests, tracking, and reporting; staff the site capital committee.
• Prepare presentations and reports for Senior Finance Leader and executive team; may present financial information at management meetings.
• Collaborate with site department leaders and corporate finance to impact net reimbursement, denials reduction, labor productivity and cost management.
• Explain and interpret close results, reconcile variances, and produce reports for distribution to leadership.
• Lead productivity huddles to help achieve labor productivity and cost management goals.
• Perform HR responsibilities for staff including hiring, promotions, performance evaluations, and morale.
• Develop and recommend operating and capital budgets within approved objectives.
• Ensure adherence to the organization's Code of Ethical Conduct.

Skills

Excellent relational skills

Excellent communication skills

Excellent analytical skills

Effective collaboration and teamwork

Healthcare economics understanding

Education

Master's Degree in Finance or related field

Job description

Advocate Health in Barrington, IL seeks an experienced Senior Finance Leader to steer budgeting, forecasting, and financial planning for the site. You will prepare proformas, lead the budget process, and partner with site leadership to improve financial performance.

The role requires a Master's in Finance or related field, 7 years in financial operations with at least 3 in management, healthcare experience preferred, and strong communication with executives.