Manager, Budgets

Employer
Wellforce
Location
Burlington, Massachusetts
Salary
Competitive
Closing date
Dec 15, 2021

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Finance Industry
Corporate Finance
Contract Type
Permanent

Manage the day-to-day operations of the assigned department and its professional staff. This individual will be responsible for leading, coordinating and overseeing the process and preparation of the annual budget and forecast, working closely with Wellforce Operational, Accounting and Finance leaders and staff to evaluate financial/budget performance across the organization, and develop budget/planning recommendations for the organization.  Additionally, the manager will partner with operational leaders to help manage revenue/expense variances and will support those leaders in executing corrective action plans to help get cost centers/divisions back on track with assigned financial targets. The manager will train/oversee the functions of Senior/Budget Analysts. This candidate is also responsible for the data integrity of budget/dynamic planning reporting systems, and will be responsible for evaluating the program effectiveness of strategic and routine capital funding to determine if redistribution of funds is required.

Responsibilities:

  • Manages and coordinates annual budget process for the Corporation and in conjunction with the Wellforce System’s direction. In collaboration with leaders and key stakeholders across Wellforce and its affiliate members, manages, develops and coordinates organizational and department-level budgets and rolling forecasts using Dynamic Planning and/or other rolling forecast platforms
  • This includes projection of volume, GPSR, and expenses as well as dissemination of reposts and analyses to managers, necessary workshops/trainings, and meetings with Finance Executives.
  • Prepare financial reports as needed and/or review reports created by Budget analysts and utilize the data to proactively estimate future financial needs and proactively make recommendations
  • Manages and trains budget department staff
  • Oversees maintenance and enhancement of the existing Budget/Forecast and supporting systems.
  • Participates in cross functional /multi-entity planning, development, and implementation of future systems
  • Oversees daily, weekly, and monthly standard budget department statistical and/or variance reporting as well as various requests for additional budget-related analysis
  • Educates Wellforce department and senior leaders on the use of dynamic planning / rolling forecasts and variance analysis tools, and works with Finance leads to identify causes, while reporting to management potential impacts on operating results
  • Facilitates the preparation of the annual capital budget process.  Works closely with Senior Management, physician leaders, department directors, managers, and Budget analysts to support the capital budget and cash flow impact
  • Project manages staffing meetings, special project meetings, and analyses on behalf of the corporation VP of Finance.  Collaborates with Wellforce counterparts and finance leadership as needed
  • Consolidate the organization’s budgets for review with senior leadership as needed
  • Defend budget recommendations with data and evidence-based analyses
  • Cultivates and maintains productive working relationships with internal and external customers
  • Prepare various financial analyses for the VP of Budget & Decision Support and the CFO/VP’s for Finance in preparation for committee and board meetings
  • Assist in the preparation of the monthly accounting and productivity monitoring for the hospitals
  • Assist in preparing all required filings of regulatory agency reports
  • Respond to ad hoc financial analyses, special projects, and other similar or related duties as required or directed
  • Other related duties as assigned

Qualifications:  

  • B. S. in accounting or a related financial field
  • CPA or MBA is desirable 
  • 7+ years of relevant experience with primary responsibilities including budgeting (operational and capital), planning, rev/expense analysis, forecasting, and budget/planning application and systems maintenance
  • Experience working in a complex, matrixed healthcare organization is desirable 
  • 3+ years of supervisory experience is required
  • Experience converting / upgrading budget systems is desirable
  • Proven track record of working with key stakeholders to determine, create and track budgets
  • Knowledge of Dynamic Planning / Rolling Forecast tools and applications
  • Strong analytical and communications skills
  • Strong computer skills especially in budget/planning applications (Strata, Axiom, etc.), general ledger systems (Lawson, PeopleSoft, Workday), Excel, Word and PowerPoint. 
  • Proficient with spreadsheets and relational databases.
  • SQL experience a plus
  • Software implementation and project management skills required

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