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Medical University of South Carolina

Health sciences university in Charleston, SC

Vice Chair for Finance and Administration - Department of Medicine

Full-Time
No salary listed
Expert
Master's
Charleston, SC, USA
In Person
Business & StrategyBusiness Operations

About the job

Requirements
  • A master's degree in Healthcare Administration, Business Administration, Public Health, Finance, Accounting, or a related field is required.
  • At least 10 years of progressive management and leadership experience in healthcare administration, academic medicine, finance, operations, or physician practice management is required.
  • Demonstrated experience managing complex budgets, financial planning, and administrative operations within a healthcare organization is required.
  • Experience leading multidisciplinary teams and collaborating with physician leaders, faculty, and senior administrators is required.
  • Knowledge of academic medical center operations, including clinical, research, and educational missions, is required.
  • Demonstrated ability to develop and implement strategic initiatives and operational improvements is required.
  • Minimum 10 years of progressive management and leadership experience in healthcare administration, academic medicine, finance, operations, or physician practice management.
  • Demonstrated experience managing complex budgets, financial planning, and administrative operations within a healthcare organization.
  • Experience leading multidisciplinary teams and collaborating with physician leaders, faculty, and senior administrators.
  • Knowledge of academic medical center operations, including clinical, research, and educational missions.
  • Demonstrated ability to develop and implement strategic initiatives and operational improvements.
  • Excellent communication, leadership, and relationship management skills.
  • Ability to perform job functions in an upright position, seated, and while walking/mobile, at the stated frequencies.
  • Ability to work indoors continuously and outdoors in all weather and temperature extremes infrequently.
  • Ability to work in confined or cramped spaces, kneel, squat, and perform pinching operations infrequently.
  • Ability to fully use both hands and arms, perform repetitive motions with hands, wrists, elbows, and shoulders, and reach in all directions at the stated frequencies.
  • Good finger dexterity and tactile sensory functions are required continuously.
  • Ability to lift and carry up to 15 pounds unassisted, lift and lower objects up to 15 pounds between floor level and 36 inches, and push or pull objects up to 15 pounds, infrequently.
  • Ability to maintain corrected 20/40 vision in one or both eyes, recognize objects near and at a distance, determine depth and spatial relationships, and maintain peripheral vision.
  • Ability to maintain hearing acuity with correction and perform gross motor functions with frequent fine motor movements.
Responsibilities
  • Administer and manage the Department of Medicine’s finances across the University, practice plan, foundation, and VA.
  • Oversee and direct department and divisional budgets; develop and operationalize the department’s financial allocation plan and hold divisions accountable for fiduciary responsibilities.
  • Oversee budgets, personnel and non-personnel transactions, and financial reconciliation through the Department Management Team and Division Administrators.
  • Serve as the department’s administrative and financial liaison and representative with internal and external entities, committees, and task forces.
  • Ensure department compliance across clinical, research, and administrative functions.
  • Lead program development and business planning, including growth forecasts, strategic business initiatives, faculty manpower requirements, financial pro formas, and operational and business strategies; collaborate with Department Vice Chairs on strategic goals, planning, and activities; develop and implement faculty and divisional startup packages and commitments.
  • Oversee department facilities and space management, supervise coordination with auxiliary service areas on construction, renovations, and repairs, and ensure adherence to institutional and departmental physical-resource policies and procedures.
  • Manage revenue and expense reporting, monitor and review expenditures, generate reports, prepare financial forecasts, identify and analyze financial problems, and recommend solutions.
  • Monitor, report, and explain budget variances, address variances, and present alternatives for achieving goals.
  • Support decision-making with information on trends in research, teaching, and clinical practice; perform feasibility studies and cost and revenue analyses and projections; and determine impacts on staffing, space, facilities, and administrative structure.
  • Manage the Department Chair’s Office Management Team and Division Administrators; manage department personnel activities and liaise with the College of Medicine Dean’s Office, University, VA, and practice-plan HR.
  • Provide executive oversight of faculty effort allocation to align with departmental strategic priorities, distribute responsibilities equitably, support financial sustainability, and ensure institutional compliance across clinical, research, education, and administrative missions.
  • Review and approve staff and faculty job-posting requests, ensuring compliance with HR policies and procedures and funding for proposed hires.
  • Review and approve faculty offer letters before College of Medicine approval, ensuring salaries, duties, and financial commitments are realistic and fundable.
  • Work with the Chair, Division Directors, and Division Administrators to recruit and hire faculty members.
  • Develop, analyze, review, and approve annual faculty contracts.
  • Coordinate the annual personnel evaluation process for the Chair’s Office Management Team, support staff, and Division Administrators.
  • Manage teams that review employee engagement and make recommendations, and implement action plans as needed.
  • Oversee publication of the Department of Medicine newsletter and annual report.
  • Coordinate departmental development efforts with the enterprise Institutional Advancement office and ensure proper use of foundation funds in support of the department’s mission.
  • Assist the Chair and Vice Chair for Research in achieving the department’s strategic research goals.
  • Oversee department- and division-level grants and contracts administration, including pre-award, post-award, and clinical-trial management processes in coordination with institutional research administration offices, and ensure adherence to research policies and procedures.
  • Support and monitor research-related financial activities for compliance with university and funding-agency regulations and prepare required reports.
  • Provide oversight and administrative direction for grant-management activities and clinical-research compliance in coordination with sponsored-projects and grants-and-contracts accounting offices.
  • Coordinate clinical-trial processes with university, practice-plan, and hospital compliance offices.
  • Develop financial and operational strategies that support the department’s educational priorities.
  • Partner with the Residency Program Director, Medical Clerkship Directors, Division Chiefs, and institutional education leaders to align educational initiatives with departmental strategic goals.
  • Develop and oversee the annual education budget, including departmental educational funds, graduate medical education support, philanthropy, grants, and discretionary resources.
  • Evaluate the financial sustainability of educational programs and recommend resource-allocation priorities.
  • Collaborate on faculty effort allocation for teaching responsibilities.
  • Ensure administrative infrastructure supports educational programs efficiently.
  • Develop and implement the department and divisions’ Clinical Compensation Practice Plan in alignment with College of Medicine guidance and update it annually.
  • Analyze and report clinical-practice data and assess and evaluate clinical faculty and advanced practice provider productivity in partnership with Division leaders.
  • Meet regularly with practice-plan revenue-cycle teams regarding departmental performance and issues.
  • Ensure clinical providers and staff meet compliance and regulatory requirements.
  • Ensure all new providers are enrolled with all payors in a timely manner.
  • Work with hospital administration and clinical leaders on clinical-service operations and quality, and maximize divisional clinical revenues and business practices.

About the company

M

Medical University of South Carolina

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Medical University of South Carolina is a public academic health sciences university in Charleston, South Carolina. It offers bachelor's, master's, doctoral, and professional degrees through six colleges in dental medicine, graduate studies, health professions, medicine, nursing, and pharmacy.

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