Financial Manager II

2 weeks ago


New York, New York, United States Mount Sinai Health System Full time
Job Description

The Senior Financial Director will oversee all financial and related activities for a large, complex institute, department, or division, with multiple financial initiatives, including large grants, patient revenue, and the management of a significant budget.

Responsible for the overall management and delivery of the business plan. Financial analysis and creation of reports as requested by the department administrator or chairman as applicable.

Ensures that the day-to-day financial operations of the department, center, or unit, including payroll, month-end reporting, and accounts payable activities, are handled effectively.

Develops business plans for new academic hires, if applicable to the department and position.

Prepares salary and supply budgets and monitors accounts payable and receivable.

Compiles productivity, compliance, and profit/loss reports.

Analyzes revenues to identify collection problems, billing issues, and other trends.

May be well-versed and take a proactive role in the revenue cycle, which includes all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue, including overseeing those who may counsel patients on how best to meet their financial obligations.

Reviews all departmental accounts as applicable.

Reviews processes and makes recommendations to implement effective changes in procedures and policies.

Ensures all grant and IRB submission deadlines are met.

Oversees Administrator Assistants, Coordinators, Financial Specialists, and other staff, ensuring that they are appropriately trained in workflow processes and procedures, specific to the department.

Approves all travel, check, and purchase order requests; initiates Human Resources transactions and follows up.

Assists with or leads special projects and provides analytical support.

Performs other related duties.

Requirements
  • Bachelors degree required, Masters degree preferred
  • 7 years of directly related experience
  • Excellent written and oral communication
  • Attention to detail
  • Knowledge of economic and accounting principles and practices
  • Thorough knowledge of accounting principles and procedures
  • Knowledge of operating procedures of best practices for health care organizations
  • Microsoft Office Advanced


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