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Strategic Financial Management
Operate at a strategic level by monitoring, assessing, interpreting, and reporting on the fiscal performance of Partners Community Health (PCH).
Evaluate resource utilization, expenditure patterns, and critical performance indicators to ensure budgetary targets are met.
Recommend corrective actions to the Executive Team when variances or risks are identified.
Prepare multi-year operating and business plans, annual budgets, and forecasts.
Lead the annual budgeting process in collaboration with department directors, developing detailed budgets for staffing, medical supplies, facility maintenance, and operational expenses.
Prepare briefing notes and presentation materials for committee meetings, including the Finance & Audit (F&A) Committee and the Risk & Quality (R&Q) Committee.
Financial Analysis & Reporting
Monitor and analyze variances between actual and budgeted performance, identifying cost drivers and areas for improvement.
Develop and maintain complex financial models, including sensitivity and scenario analyses.
Analyze trends in resident demographics, healthcare costs, and funding mechanisms such as occupancy rates and government reimbursements.
Prepare accurate and timely financial forecasts, highlighting key assumptions, risks, and opportunities.
Present monthly and quarterly management reports to senior leadership and the Board of Directors, highlighting KPIs and recommending action plans to achieve financial balance.
Operational & Performance Analysis
Provide in-depth analysis of operational performance, expenses, cash flow, working capital, and key performance indicators.
Identify business opportunities and revenue enhancement strategies, including drafting proposals for new funding and cost recovery initiatives.
Partner with cross-functional teams to evaluate strategic initiatives and assess financial implications of new business plans.
Work with department directors to optimize resource allocation, ensuring efficient use of funds while maintaining quality care standards.
Collaborate with operational teams to design and monitor cost control measures that do not compromise resident care.
Risk Management & Compliance
Identify and mitigate financial risks while capitalizing on emerging opportunities.
Support the development of business cases and analytical reports for departmental initiatives.
Collaborate with external stakeholders such as auditors and financial institutions.
Stay current with government funding programs and long-term care regulations; maintain funding summary reports to support strategic decision-making.
Ensure compliance with funding requirements and prepare financial reports for government audits and inspections.
Clearly communicate financial performance, trends, and recommendations to non-financial stakeholders.
Maintain compliance with all relevant healthcare finance regulations and standards.
Participate in ad-hoc financial projects and assignments as required.
Qualifications
Education:
Bachelor's degree in Finance, Accounting, Healthcare Administration, or a related field.
Master's degree in Business Administration, Healthcare Administration, or equivalent experience preferred.
Chartered Professional Accountant (CPA) designation preferred or actively pursuing.
Experience:
Minimum of 7+ years of progressive experience in financial analysis within the healthcare or long-term care sector.
Proven expertise in budgeting, forecasting, and complex financial modeling.
Technical Skills:
Advanced proficiency in Microsoft Excel (including modeling and analytics).
Proficient in Microsoft Word and PowerPoint.
Experience with enterprise financial systems and budgeting software; proficiency with Adaptive, Microsoft Business 365, and PeopleSoft preferred.
Core Competencies:
Strong understanding of financial regulations, accounting principles, and industry best practices.
Excellent communication and presentation skills with the ability to explain complex data to diverse audiences.
Exceptional organizational, project management, and time management skills.
Proven analytical and problem-solving abilities.
Ability to multitask and prioritize in a fast-paced environment.
Strong leadership, collaboration, and interpersonal skills; capable of building relationships across departments.
Demonstrated effectiveness in leading cross-functional projects and contributing to team success.
Sprachkenntnisse
- English
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