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Leads, coordinates, and supports the budget, financial analysis and monthly financial results review process for the WVUH & UHA Signature Service Lines (“SSL”). This position will work closely with the SSLs’ administrative team, department directors and managers to ensure accurate budgeting and strong monitoring of financial results to maximize efficiency and identify opportunities for margin enhancement. This also includes analytical research of historical data as well as projected impact of new or changing services related to the service line. This position will have the responsibility of leading Senior Financial Analysts of the SSL and reporting back to the Director, Finance SSL of the progress of the SSL Finance Team, status of various projects, and overall evaluation of the SSLs’ financial well-being.
MINIMUM QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1. Bachelor’s degree in business administration, accounting, finance or other related area
EXPERIENCE:
1. Five years of experience in accounting/finance field
2. One year of experience with demonstrated leadership and supervisory experience
PREFERRED QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1. CPA certification
2. Master’s degree in accounting, finance, or business administration
EXPERIENCE:
1. 3 years experience in Healthcare finance preferred.
CORE DUTIES AND RESPONSIBILITIES: The statements described here are intended to describe the general nature of work being performed by people assigned to this position. They are not intended to be constructed as an all-inclusive list of all responsibilities and duties. Other duties may be assigned.
1. Coordinate and lead operating budget process, in collaboration with budgeting team, by working with Service Line directors and managers who play a role in the process.
2. Lead day to day financial operations for the Service Lines, including servicing as service line liaison to Revenue Cycle departments for both WVUH & UHA.
3. Coordinates and lead capital budget process for service lines with directors and managers in accordance with WVUH and UHA capital budget procedures and policies.
4. Conduct and lead ongoing actual-to-budget variance analysis and forecasting. Communicates directly with Service Line and Finance leadership regarding negative variances.
5. Continuously identify and lead SSL finance team members to identify budget performance improvement and margin enhancement opportunities and communicate to Finance.
6. Leads and evaluates financial processes to maximize efficiency in daily Service Line Finance operations.
7. Coordinates and leads SSL finance team for the completion of financial analysis related to and in support of new services, provider and staffing needs, and long-term strategic initiatives of the service line.
8. Collaborate and leads with the SSL finance team with Finance & Reimbursement team on the completion of larger scale financial projections related to the Service Lines.
PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. May need to sit during extended periods of time using a computer.
WORKING ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Standard office environment.
SKILLS AND ABILITIES:
1. Ability to work with computer databases and spreadsheet software
2. Strong organizational skills and attention to detail
3. Ability to multi-task and work in a challenging fast paced environment
4. Excellent written and verbal communication skills
5. Independent worker and analytical thinker with ability to conduct research, data analysis and resolve complex problems
Additional Job Description:
Scheduled Weekly Hours:
40
Shift:
Exempt/Non-Exempt:
United States of America (Exempt)
Company:
WVUH West Virginia University Hospitals
Cost Center:
4500 WVUH CH Pediatrics Admin
Address:
1 Medical Center Drive
Morgantown
West Virginia
WVU Medicine is proud to be an Equal Opportunity employer. We value diversity among our workforce and invite applications from all qualified applicants regardless of race, ethnicity, culture, gender, sexual orientation, sexual identity, gender identity and expression, socioeconomic status, language, national origin, religious affiliation, spiritual practice, age, mental and physical ability/disability or Veteran status.
What We Do
The WVU Health System, which operates under the brand name WVU Medicine, is comprised of 22 member, managed, and affiliated hospitals in West Virginia, Maryland, Ohio, and Pennsylvania. It is West Virginia’s largest healthcare system and largest private employer with more than 2,500 licensed beds, 4,900 providers, approximately 30,000 employees, and more than $5 billion in total operating revenues.
It includes:
• J.W. Ruby Memorial Hospital in Morgantown (flagship), including WVU Medicine Children’s in Morgantown and Fairmont Medical Center in Fairmont;
• United Hospital Center in Bridgeport;
• Camden Clark Medical Center in Parkersburg;
• Berkeley Medical Center in Martinsburg;
• Barnesville Hospital in Barnesville, Ohio;
• Braxton County Memorial Hospital in Gassaway;
• Garrett Regional Medical Center in Oakland, Maryland;
• Harrison Community Hospital in Cadiz, Ohio;
• Jackson General Hospital in Ripley;
• Jefferson Medical Center in Ranson;
• Potomac Valley Hospital in Keyser;
• Princeton Community Hospital in Princeton, including The Behavioral Health Pavilion in Bluefield;
• Reynolds Memorial Hospital in Glen Dale;
• Saint Francis Hospital in Charleston;
• St. Joseph’s Hospital in Buckhannon;
• Summersville Regional Medical Center in Summersville;
• Thomas Memorial Hospital in South Charleston;
• Uniontown Hospital in Uniontown, Pennsylvania;
• Wetzel County Hospital in New Martinsville;
• Wheeling Hospital in Wheeling;
• And five institutes – the WVU Cancer Institute, the WVU Critical Care and Trauma Institute, the WVU Eye Institute, the WVU Heart and Vascular Institute, and the WVU Rockefeller Neuroscience Institute.
The WVU Health System also provides management services to Grant Memorial Hospital in Petersburg.
For more information, visit WVUMedicine.org