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Director, Health System Funds Flow
4 months ago
Special Selection Applicants : Apply by 05/22/2024. Eligible Special Selection clients should contact their Disability Counselor for assistance.
DESCRIPTIONThe Director, Health System Funds Flow provides financial guidance, advising and decision making on behalf of Health leadership (generally defined as Finance Chief of Staff, Associate Chief Financial Officer, or Chief Administrative Officer), relative to short and long-range financial projections, development, analysis, and communication of new funds flow structures and financial arrangements between the health system entities and School of Medicine. In addition to executive advising, may also manage an independent program and/or professional staff engaged in a range of financial administrative functions.
The Director will serve as a technical leader with a high degree of knowledge in the overall field and recognized expertise in specific areas; problem-solving frequently requires analysis of unique issues/ problems without precedent and/or structure. May manage programs that include formulating strategies and administering policies, processes, and resources; functions with a high degree of autonomy.
The Director serves as key financial advisor in initiating and developing new financial arrangements between the Health System and Health Sciences, long- and short-range financial impact analysis, and innovative initiatives. Makes recommendations to the Finance Chief of Staff regarding official commitments and broadly represents the Finance Chief of Staff's interests across the organization. Responds to issues with little or no precedence. May manage and administer independent programs, typically with organization-wide impact. May advise professional staff handling diverse administrative functions such as human resources and budgetary planning. Uses advanced concepts and organizational objectives to resolve highly complex issues. Regularly works on highly complex issues or problems which require analysis of unique issues/problems without precedent and/or structure. Exercises a high level of judgment in selecting methods, techniques and evaluation criteria for obtaining results.
Key Responsibilities:
Represents the Chief of Staff on high-level task forces and long- and short-range financial planning groups.
Establishes collaborative partnerships with School of Medicine Business Officers across all departments, and operational and administrative leadership across the Health System.
Handles highly complex and critical projects and leads projects of significance requiring facilitation and collaboration with representation across organizational functions.
Provides high level analyses on a broad range of issues, including new financial arrangements.
Acculturates new leaders in financial structures, methodologies, resources, tools, and processes.
Participates in the development of the annual funds flow budget to Health Sciences as an advisor; determining expense priorities, recommending and implementing changes to methods, unit planning, staffing, programs and other financial activities.
Provides a framework for changes to financial structures and funds flows, develops strategies for change management to remove barriers and achieve goals.
Stays well-informed and keeps abreast of key healthcare trends and regulatory changes impacting financials, as well as current issues in higher education to inform the Chief of Staff and leadership with broad perspective across the organization.
Initiates and designs studies, summary reports and background materials including approaches, trends, sources and uses, etc., that have a significant impact on individual or multiple departments.
Administers small to mid-level independent program(s), typically with broad and/or organization-wide impact.
Other duties as assigned. MINIMUM QUALIFICATIONS
- Bachelor's degree and five or more years of relevant experience, or equivalent combination of experience, education and training.
- Senior level finance or strategy experience within healthcare or academic medical center.
- Substantial experience overseeing and/or negotiating financial arrangements/professional services agreements between physicians and health system.
- Successful experience working with confidential and sensitive matters.
- Solid business acumen and analytical skills, including an understanding of academic medicine, demonstrated experience developing and implementing operating plans
