Senior Director of Finance, Heart and Vascular Institute

Massachusetts General Hospital; Boston (MA); On-site; USD 150,000 - 200,000; Full time

Job summary

Massachusetts General Hospital seeks a Senior Director of Finance to lead financial management across three divisions of the Heart and Vascular Institute. The role involves strategic oversight of financial operations, working closely with leadership to enhance performance and ensure effective budget management. Candidates should possess a strong background in healthcare finance and experience leading teams within an academic medical center.

Qualifications

• 8-10 years of progressive leadership in a healthcare setting is required.
• 5-7 years of leadership in an academic medical center is preferred.
• Strong data analytical skills and extensive knowledge in financial and operational management.

Responsibilities

• Oversees financial management for Heart and Vascular Institute.
• Collaborates closely with leadership to assess and direct financial performance.
• Integrates financial operations to manage an integrated profit/loss statement.

Skills

Time Management

Personnel Management

Professional knowledge

Data analytics

Leadership

Fiscal Responsibility

Discretion and Confidentiality

Critical Thinking/Decision Making

Interpersonal communication

Information Systems/Technology Skills

Education

Bachelor's Degree Related Field of Study

Master's Degree in Healthcare Administration

Master's Degree in Business Administration

Master's Degree in Public Health

Job description

• Job Description Summary

  Receiving general direction from the Heart and Vascular Institute Chief Administrator the Senior Director of Finance is responsible for overseeing the financial management and coordination for the three divisions of the MGB Heart and Vascular Institute (HVI), Cardiology, Cardiac Surgery and Vascular Surgery. Fiscal oversight includes a broad range of strategic, data analytic, planning, benchmarking, and other management support activities. Drawing on a broad understanding of hospital, Physician Organization, and MGB finance and budgetary practices and Harvard Medical School (HMS) policies and procedures, the Senior Director of Finance will display a high degree of initiative and independent judgment over the fiscal management of the HVI.

  The incumbent will collaborate closely with HVI leadership to continually assess and direct financial performance and administrative activities. Incumbent will oversee all financial management for the HVI, including Hospital, MGPO/BWPO, HMS, research, sundry funding and endowments (total AMC annual clinical and research budgets $400M). Additionally, this person is responsible for integrating financial operations across the HVI with the goal of managing an integrated profit/loss statement, margin targets, and overall HVI financial performance. The Senior Director of Finance will assist with the development of a financial and growth strategy for the Institute determining appropriate opportunities. This person will communicate and coordinate regularly to stakeholder groups across AMC and Community Hospitals.

Bachelor's Degree Related Field of Study required

Master's Degree Healthcare Administration preferred

Master's Degree Business Administration preferred

Master's Degree Public Health preferred

Can this role accept experience in lieu of a degree?
No

Licenses and Credentials

Experience
Progressive leadership in a healthcare setting 8-10+ years required and Progressive leadership in academic medical center 5-7 years preferred

Knowledge, Skills and Abilities

• Time Management: Exceptional organizational skills and ability to organize time and priorities effectively, asking for direction when appropriate. Flexibility to handle multiple tasks and deadline pressures.
• Personnel Management: Ability to skillfully handle issues of sensitive nature with respect to confidentiality, abiding by institutional guidelines. Ability to recruit, train and supervise staff and to ensure that performance evaluations, payroll, employee changes and other HR transactions are completed in an accurate and timely manner. Ability to provide support, direction and development to staff.

• Professional knowledge: Extensive knowledge regarding financial, operational, research, and physician practice management, business planning, project management etc. Sufficient knowledge to improve, enhance, or upgrade complex financial, operational and technical systems.
• Data analytics: Superior data analytical skills manipulating and reporting on large, complex data sets.
• Leadership: Ability to identify issues/projects and initiates plans to address; Demonstrates forthrightness and integrity. Ability to develop a common vision for diverse constituents, communicate effectively, sell ideas, and take ownership and responsibility for activities.

• Fiscal Responsibility: Effective financial and analytical skills, including ability to develop and monitor budgets, manage professional revenue cycle, review and address billing statistics and issues to ensure revenue maximization. Ability to ensure timely submission and review of budgets and performance evaluations.
• Discretion and Confidentiality: Ability to handle sensitive and confidential matters discreetly and to ensure confidentiality guidelines are maintained by staff.
• Critical Thinking/Decision Making: Ability to appropriately evaluate all aspects of a situation and to independently make appropriate and timely decisions.
• Interpersonal/communication: Excellent interpersonal/communications skills and a good command of English language, including medical and scientific terminology.
• Information Systems/Technology Skills: Exceptional computer skills (including operating systems, word processing, database, analytic electronic mail, Internet, spreadsheets, and other office management systems).