MedStar Health

Not-for-profit health system delivering patient care

Finance Business Partner Director

Corporate Finance & FP&AConfirmed live in the last 24 hours

Full-timeWashington, DC, USA$114k - $220k /yrIn-person

About the Job

Requirements

A bachelor's degree in Finance or Accounting is required. A master's degree is preferred.
Eight to ten years of experience at a senior or higher level in cost accounting and finance related to financial planning and analysis, including managerial experience.
One year of relevant education may be substituted for one year of required work experience, and one year of relevant professional-level work experience may be substituted for one year of required education.
Ability to prioritize problems by strategic and possible long-term impact.
Ability to build effective internal customer and vendor relationships.
Ability to analyze, problem-solve, and drive decision-making.
Ability to mentor, coach, and develop talent.
Ability to partner closely with customers to drive good financial hygiene and practices.
Ability to build capability and share financial knowledge with stakeholders.
Ability to manage ambiguity.
Ability to realize benefits from Finance process standardization.
Understanding of Finance value drivers across business segments.
Understanding of financial analysis and modeling techniques and tools.
Understanding of broad business perspectives and department nuances.
Experience with standardized finance service delivery.
Experience developing and communicating complex process metrics and topics to stakeholders.
Experience managing change to meet organizational goals.
Experience managing executive leadership relationships.

Responsibilities

Collaborate with local CFOs and functional representatives to facilitate understanding of facility-wide and department-level results and explain overall financial outcomes compared with planned financials.
Leverage finance expertise and market understanding to support business leaders in achieving short- and long-term objectives.
Champion leading-practice data management and review centralized reports to provide data-driven insights and anticipate financial performance questions.
Handle ad hoc strategic financial requests, relay local needs to central teams, and partner with MedStar's Centers of Excellence and Shared Service groups.
Provide leadership and direction for development of the annual operating and capital budget, engaging clinical, operational, and executive leadership.
Partner with clinical and operational leaders so the long-range financial plan incorporates current insight from front-line leaders; tactfully challenge assumptions and the status quo.
Ensure appropriate data collection and review centralized reporting to produce data-driven insights for decision-making; use stakeholder relationships and financial expertise to anticipate questions, concerns, and risks related to financial performance or variances.
Partner with clinical and operational leaders to formulate and evaluate new business development and changes to core business.
Orient functional leaders to key financial reports and provide guidance on their use and applicability.
Identify process-improvement opportunities and provide leadership to address issues; support development of performance-improvement plans and mechanisms to track progress.
Participate in monthly, quarterly, and annual financial close cycles; liaise between Finance Centers of Excellence and front-line leaders to understand results, ensure appropriate data collection and review, and articulate financial performance concerns.
Work with the local CFO to explain the entity's overall financial results and support ad hoc analyses.
Assist in building and retaining a high-caliber professional team through mentorship and succession planning; motivate and engage staff, lead change, build trust and regional consistency, delegate and empower the team, and serve as a trainer and coach.
Complete annual performance reviews and provide coaching to the team.
Provide timely financial information to local clinical, operational, and executive leaders in response to ad hoc requests; relay local needs to central support colleagues to assess adjustments to recurring data and reporting packages.
Balance competing priorities and deadlines to ensure work is completed on time.
Serve as the primary local liaison to MedStar's Centers of Excellence and Shared Service groups to investigate financial and operational activity requiring operational insight.
Communicate local team needs and activity that may affect financial results, including adjustments to standard reports and activity that may trigger a journal entry.

Desired Qualifications

A master's degree.
Project management, operational lean, and/or Six Sigma experience.
Certified Public Accountant certification upon hire.

About the Job

General Summary of Position
The Finance Business Partner Director collaborates with local CFOs and functional representatives to facility-wide and department-level results explaining overall financial outcomes compared to planned financials. As a subject matter expert the Finance Business Partner Director leverages finance expertise and market understanding to support business leaders in achieving short and long-term objectives. Champions leading practice data management and reviews centralized reports to provide data-driven insights anticipating financial performance questions. Handles ad hoc strategic financial requests relays local needs to central teams and serves as a key partner and collaborates with MedStar's Centers of Excellence and Shared Service groups. This position is pivotal in enhancing the system's financial position through strategic financial management and operational insight.

Primary Duties and Responsibilities

Annual operating and capital budget: Understands how systemwide assumptions and local budgets were developed. Provides leadership and direction to the development of the annual operating and capital budget including but not limited to engagement with clinical operational and executive leadership.

Financial planning cycle: Serves as a strategic partner to clinical and operational leaders to ensure the long-range financial plan incorporates real-time knowledge and insights from front-line leaders. Challenges assumptions and status-quo in a tactful thoughtful way.

Performance trending and other ad hoc analyses: Ensures appropriate data collection and reviews reporting generated by centralized teams to enable data-driven insights. Leverages data relationships with local stakeholders and deep financial expertise to deliver service-oriented and highly responsive results and insights to support enhanced decision making by functional teams. Proactively anticipates questions concerns and risks associated with financial performance or variances

New business/venture assessment: Serves as a strategic partner to clinical and operational leaders in the formulation and evaluation of new business development and/or changes to core business.

Supporting strategic initiatives and implementation: Orients functional leaders to key financial reports and provides guidance on their use and applicability. Proactively seeks to identify process improvement opportunities and provides leadership to address issues. Supports the development of performance improvement plans and mechanics which support the tracking of progress to achieving those plans.

Routine monthly/annual reporting: Actively participates in monthly quarterly and annual financial close cycles. Serves as liaison between Finance Centers of Excellence and front-line leaders to understand business results ensuring appropriate data collection & review as well as local operational relationships & insights to articulate issues or concerns with financial performance and support ad-hoc analyses. Works with the local CFO to explain the overall financial results of the entity.

Supervisory/Leadership/Performance Reviews: Assists in building and retaining a high-caliber professional team essential to a high-performance organization including mentorship and succession planning. Assists in motivating and engaging staff leading change building trust and regional consistency and appropriately delegating and empowering the team. Serves as a trainer and coach to the team as it relates to all job duties. Completes annual performance reviews and provides coaching to team.

Key business partner to clinical operational and executive teams: Provides support for ad hoc requests from functional leaders at the local level seeking time sensitive information that is financial in nature. Relays local needs to central support colleagues to determine whether adjustments are required to recurring data and reporting packages based on requests originating from local teams.

Balancing priorities and managing to tight deadlines: Balances multiple deadlines and prioritizes work to ensure deadlines are met.

Describing relationship between local and COE: Serves as a primary local liaison to MedStar's Centers of Excellence and Shared Service groups to investigate financial and operational activity requiring operational insight. In addition communicates the needs of local team members and activity which may impact financial results (e.g. adjustments to standard reports activity which would trigger a Journal Entry etc.).

Minimal Qualifications
Education

Bachelor's degree In Finance or Accounting required and
Master's degree preferred
One year of relevant education may be substituted for one year of required work experience.

Experience

8-10 years Experience at a senior or higher level in cost accounting and finance related to financial planning and analysis; managerial experience required and
Project management operational lean and/or sigma experience a plus
One year of relevant professional-level work experience may be substituted for one year of required education.

Licenses and Certifications

Certified Public Accountant (CPA) Upon Hire preferred

Knowledge Skills and Abilities

Possesses a `One MedStar system mindset' taking local requirements and collaborating with Finance CoE colleagues to drive system-level standardizationAbility to Prioritize problems in terms of strategic and possible long-term impactsAbility to Build effective internal customer and vendor relationshipsAbility to Analyze problem solve and drive decision-makingAbility to Mentor coach and develop talentAbility to Partner closely with customers to drive good financial hygiene and practicesAbility to Build capability and share financial knowledge with stakeholdersAbility to Manage ambiguityAbility to Realize benefits from Finance process standardizationUnderstanding of Finance value drivers across business segmentsUnderstanding of Financial analyses and modeling techniques and toolsUnderstanding of Broad business perspective and department nuancesExperience with Standardized finance service deliveryExperience with Developing and communicating complex process metrics and topics to stakeholders Experience with Managing change to meet organizational goals Experience with Managing executive leadership relationships

This position has a hiring range of

USD $114,004.00 - USD $219,960.00 /Yr.

About the Company

MedStar Health

Not-for-profit health system delivering patient care

MedStar Health is a not-for-profit health system serving Maryland and the Washington, D.C. region, with hospitals, ambulatory and urgent care centers, and a health research institute. It delivers medical care through a network of facilities and care teams, supported by ongoing education and research to inform everyday practice. It stands out through its Georgetown University academic partnership, large regional network, and emphasis on patient experience, education, and research. Its goal is to improve regional health by providing high-quality medical care and advancing medicine through education and clinical excellence.

Company size: 10,001+
Company stage: Grant
Total funding: $29M
Headquarters: Columbia, MD
Founded: 1999

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