BOSTON TRUST WALDEN COMPANY
Director, Finance for a Clinical Department
BOSTON TRUST WALDEN COMPANY, Baltimore, Maryland, United States, 21276
Job Description
The Department of Psychiatry – Financial Management with the University of Maryland School of Medicine (UMSOM) has an exciting opportunity for a Director, Finance for a Clinical Department. The Department of Psychiatry has a tripartite mission of Clinical, Education, and Research agendas, serving our surrounding community and the State of Maryland, and providing expertise at a national and international level. We are staffed with 85 full-time and 30 part‑time faculty and provide a robust array of evidence based services both locally at the University of Maryland Medical Center and remotely to the entire University of Maryland Medical System, which encompasses 13 hospitals.
Benefits Information UMB offers a comprehensive benefits package that prioritizes wellness, work/life balance, and professional development, along with additional exciting perks. This position participates in a retirement program that must be selected and is effective on your date of hire. Exempt regular staff receive a generous paid leave package that includes over 4 weeks of vacation accrued each year, 16 paid holidays, 3 personal leave, unlimited accrual of sick time, and comprehensive health insurance; professional learning and development programs; tuition remission for employees and their dependents at any University System of Maryland school; and flexible work schedules and teleworking options, if applicable per job.
Primary Duties
Provide strategic direction and leadership for the control of a clinical department's financial operations through the development, enhancement, and guidance of its various functions and staff members. Oversee management of complex funding and service agreements, patient billing and managed care contracts. Review, analyze and interpret all financial and budgetary reports to ensure timely and effective decision making by senior management.
Collaborate with upper‑level management and other directors within the business unit and throughout the campus to ensure the delivery of high‑quality service.
Direct the management of complex funding and service agreements, patient billing and managed care contracts. Review, analyze and interpret all financial and budgetary reports to ensure timely and effective decision making by senior department management.
Provide general direction and leadership for all aspects of the financial functions within a clinical department in order to maintain their efficient operation.
Direct the income of the department and divisions and its programs, including coordinating payments from different budget sources, as well as managing the purchasing of supplies and other expenses. Oversee financial accounting and GAAP/GASB reporting to include managing the department's external financial reporting process; manage the periodic internal financial reporting process of the department.
Maintain financial management systems and internal controls required to ensure that the clinical department commitment, operating, and cash management accounts are safeguarded and that accounts are appropriately maintained in order to ensure accurate financial data.
Direct the budgeting and financial reporting including tracking of all financial transactions, reporting transactions to external agencies for department, and providing detailed financial plans to the department head. Oversee all financial transactions for clinical revenue including annual audits, tax return preparation and cash management.
Manage assigned staff in the efficient and confidential processing of all financial transactions.
Direct payroll and fringe benefits systems which may include the coordination and processing of multi employment entities.
Ensure efficient recruitment/interviewing and training functions to continually review strengths and weaknesses in maintaining a staff of well‑trained, highly involved, and motivated employees.
Develop, direct, and implement critical clinical financial path activities and projects to ensure efficient and effective processes and practices. Define and deliver key performance indicators and dashboards to track operational performance.
Partner with management on a regular basis in setting strategic goals and objectives and budgets, and/or in fostering improvements in policies/procedures for the entire clinical department.
Prepare operating and project budget drafts and monitor departmental budgets and report any significant deviations from approved budgets.
Monitor and oversee all clinical department asset and liability accounts; ensure proper accounting methodology, techniques, and policies are adopted in departmental operations.
Improve business with constraint analysis, target costing, capital budgeting, and cost of quality analysis.
Perform other duties as assigned.
Qualifications Education: Bachelor’s degree in Accounting, Finance, Business Administration, and/or related field. Master’s in related field preferred.
Experience: Seven years spent progressively building a background in the accounting, financial, and business operations of a clinical departmental or clinical office. Prior experience in health care or higher education is preferred.
Supervisory Experience: Five years of direct management involved in recruitment, training, and professional development of staff.
Certification/Licensure: Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Financial Manager (CFM), or Certified Internal Auditor (CIA) preferred.
Other: Annual financial disclosure required by Maryland State law. Eligible for substitution of education or experience on a year‑for‑year basis with 30 undergraduate college credits being equivalent to one year of related experience.
Knowledge, Skills, and Abilities Thorough knowledge of position requirements, all applicable requirements, regulations, and laws; skill in effective use of applicable technology/systems; ability to effectively communicate verbal and written thoughts and ideas; ability to support a mission and strategic vision; instructional, training, and team‑building skills; skill in consultation and change management; ability to demonstrate, understand, apply, and adhere to the UMB Core Values of Respect and Integrity, Well‑being and Sustainability, Equity and Justice, and Innovation and Discovery.
Hiring Range $143,000 – $160,000, commensurate with education and experience.
Equal Employment Opportunity Statement UMB is committed to cultivating a diverse and inclusive workforce and is proud to be an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, ancestry or national origin, sex, pregnancy or related conditions, sexual orientation, gender identity or expression, genetic information, physical or mental disability, marital status, protected veteran's status, or any other legally protected classification. If you anticipate needing a reasonable accommodation for a disability, submit the UMB Job Applicant Accommodation Request. For additional information, read the UMB Notice of Non‑Discrimination.
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Benefits Information UMB offers a comprehensive benefits package that prioritizes wellness, work/life balance, and professional development, along with additional exciting perks. This position participates in a retirement program that must be selected and is effective on your date of hire. Exempt regular staff receive a generous paid leave package that includes over 4 weeks of vacation accrued each year, 16 paid holidays, 3 personal leave, unlimited accrual of sick time, and comprehensive health insurance; professional learning and development programs; tuition remission for employees and their dependents at any University System of Maryland school; and flexible work schedules and teleworking options, if applicable per job.
Primary Duties
Provide strategic direction and leadership for the control of a clinical department's financial operations through the development, enhancement, and guidance of its various functions and staff members. Oversee management of complex funding and service agreements, patient billing and managed care contracts. Review, analyze and interpret all financial and budgetary reports to ensure timely and effective decision making by senior management.
Collaborate with upper‑level management and other directors within the business unit and throughout the campus to ensure the delivery of high‑quality service.
Direct the management of complex funding and service agreements, patient billing and managed care contracts. Review, analyze and interpret all financial and budgetary reports to ensure timely and effective decision making by senior department management.
Provide general direction and leadership for all aspects of the financial functions within a clinical department in order to maintain their efficient operation.
Direct the income of the department and divisions and its programs, including coordinating payments from different budget sources, as well as managing the purchasing of supplies and other expenses. Oversee financial accounting and GAAP/GASB reporting to include managing the department's external financial reporting process; manage the periodic internal financial reporting process of the department.
Maintain financial management systems and internal controls required to ensure that the clinical department commitment, operating, and cash management accounts are safeguarded and that accounts are appropriately maintained in order to ensure accurate financial data.
Direct the budgeting and financial reporting including tracking of all financial transactions, reporting transactions to external agencies for department, and providing detailed financial plans to the department head. Oversee all financial transactions for clinical revenue including annual audits, tax return preparation and cash management.
Manage assigned staff in the efficient and confidential processing of all financial transactions.
Direct payroll and fringe benefits systems which may include the coordination and processing of multi employment entities.
Ensure efficient recruitment/interviewing and training functions to continually review strengths and weaknesses in maintaining a staff of well‑trained, highly involved, and motivated employees.
Develop, direct, and implement critical clinical financial path activities and projects to ensure efficient and effective processes and practices. Define and deliver key performance indicators and dashboards to track operational performance.
Partner with management on a regular basis in setting strategic goals and objectives and budgets, and/or in fostering improvements in policies/procedures for the entire clinical department.
Prepare operating and project budget drafts and monitor departmental budgets and report any significant deviations from approved budgets.
Monitor and oversee all clinical department asset and liability accounts; ensure proper accounting methodology, techniques, and policies are adopted in departmental operations.
Improve business with constraint analysis, target costing, capital budgeting, and cost of quality analysis.
Perform other duties as assigned.
Qualifications Education: Bachelor’s degree in Accounting, Finance, Business Administration, and/or related field. Master’s in related field preferred.
Experience: Seven years spent progressively building a background in the accounting, financial, and business operations of a clinical departmental or clinical office. Prior experience in health care or higher education is preferred.
Supervisory Experience: Five years of direct management involved in recruitment, training, and professional development of staff.
Certification/Licensure: Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Financial Manager (CFM), or Certified Internal Auditor (CIA) preferred.
Other: Annual financial disclosure required by Maryland State law. Eligible for substitution of education or experience on a year‑for‑year basis with 30 undergraduate college credits being equivalent to one year of related experience.
Knowledge, Skills, and Abilities Thorough knowledge of position requirements, all applicable requirements, regulations, and laws; skill in effective use of applicable technology/systems; ability to effectively communicate verbal and written thoughts and ideas; ability to support a mission and strategic vision; instructional, training, and team‑building skills; skill in consultation and change management; ability to demonstrate, understand, apply, and adhere to the UMB Core Values of Respect and Integrity, Well‑being and Sustainability, Equity and Justice, and Innovation and Discovery.
Hiring Range $143,000 – $160,000, commensurate with education and experience.
Equal Employment Opportunity Statement UMB is committed to cultivating a diverse and inclusive workforce and is proud to be an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, ancestry or national origin, sex, pregnancy or related conditions, sexual orientation, gender identity or expression, genetic information, physical or mental disability, marital status, protected veteran's status, or any other legally protected classification. If you anticipate needing a reasonable accommodation for a disability, submit the UMB Job Applicant Accommodation Request. For additional information, read the UMB Notice of Non‑Discrimination.
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