Finance Director, Physician Practices

3 weeks ago

Brentwood, United States Surgery Partners Full time
Description

SUMMARY:

The Finance Director, Physician Practices will fill a key role within the Corporate Finance organization. This leader will support our portfolio of 15+ physician practices and over 350 providers. The Director will play a crucial role in analyzing, interpreting, and optimizing the financial performance of our physician practices, contributing to overall operational success. The ideal candidate will have exceptional financial competence, strong business acumen, robust organizational skills, knowledge of financial analysis tools and techniques, and exceptional communication skills. The candidate must be able to balance the demands of a rapidly growing, complex environment. This candidate must be self-sufficient and confident in their ability to support practice transformation in delivering on its long-term business model.

QUALIFICATIONS:

  • 7+ years of progressive work experience in a finance environment with diverse experience in budgeting, forecasting, variance analysis and financial analysis
  • Accounting, M&A and/or finance background preferred
  • MBA or CPA highly preferred
  • Advanced experience with use of Excel required
  • Financial experience supporting physician practices or healthcare preferred
  • Experience with MS Office and financial systems also required
  • Expertise in building EHR/PMS system reports to support detailed financial analyses
  • Strong understanding of financial principles, budgeting, forecasting, and performance metrics.
  • Demonstrated background in creating/improving processes and process management
  • Hands-on leadership style with a proven ability to drive results
  • Demonstrated ability to consult and advise business leaders on a range of issues related to financial performance, business planning, and business case analysis
  • Demonstrated ability to effectively articulate an issue or point of view to a varied audience both verbally and in writing
  • Strong communication skills including demonstrated ability to interact with senior management and influence outcomes across all levels of the organization
  • Ability to meet rigorous deadlines of a growth-oriented company; ability to multi-task and prioritize responsibilities, coordinate and manage multiple commitments simultaneously
  • High standards of ethics, integrity, and trust
  • Experience diagnosing, isolating, and resolving complex issues and recommending and implementing strategies to resolve problems
  • Executive presence

Key competencies required for the position:

  • Financial Planning & Analysis Capabilities: Leading Candidates must possess FP&A experience, including the ability to develop and maintain a comprehensive financial projection model. Conduct comprehensive financial analyses of physician practices, including revenue cycle, expense management, profitability, and key performance indicators (KPIs). Provide insights and recommendations to optimize financial performance. Collaborate with IT and other stakeholders to create real-time dashboards for monitoring of practice performance metrics, trends, and improvement areas.
  • Problem Solving & Analytical Orientation: Excellent problem-solving and analytical skills that are used to track, analyze, interpret and report key historical and projected operating metrics, trends, and financial results. Able to take a "deep dive" into the details of the business while staying focused on the big picture
  • Benchmarking and Operational Improvement: Analyze and benchmark operational cost and efficiency performance to identify improvement opportunity, while maintaining high quality patient care.
  • Results Oriented: Results oriented, including the capacity to both think strategically and execute tactically, embodying a blend of technical, creative, business and communications skills.
  • Effective Communication and Decision Making: Highly articulate and able to convey important messages in a clear and compelling manner. Makes timely decisions when a quick response is required, and a number of possible alternatives are available. Outstanding written and verbal communication skills.
  • Collaboration: Foster strong relationships and effective communication channels with other finance and operational leaders and cross-functional teams to align objectives, share best practices, and implement standardized processes.

Duties & Responsibilities

  • Proactively drive significant ad-hoc projects and analysis of key business issues that provide insight to senior leadership to facilitate action.
  • Leverage available and newly developed systems data to create management reporting for physician practices
  • Collaborate with business intelligence to create real time actionable analysis
  • Assist in the development and maintenance of annual budgets for physician practices. Collaborate with senior, regional, and local leaders and stakeholders to create accurate financial forecasts and variance analysis reports
  • Ensure compliance with regulatory standards and internal policies. Monitor adherence to financial guidelines and recommend corrective actions when necessary.
  • Create and maintain management reports for monthly, quarterly, and annual analysis containing profitability analysis, segment metrics, and capital utilization analysis.
  • Understand and effectively communicate cost drivers in the organization.
  • Presents financial and operational results to management on a regular and ad-hoc basis, including trends and competitive analysis giving full insight into the Physician Practice financial statements.
  • Prepare presentations and provide critical input into management discussions and strategy planning
  • Performs other duties as assigned




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