Key Responsibilities

• Under general direction, develops the hospital’s annual operating budget for approval by the Finance Committee and Board of Trustees.
• Participates in all aspects of the budget process including developing projections for key components of the budget, reviewing managers’ submissions, analyzing and explaining variations, and preparing summary analyses, presentations, and reports for management.
• Prepares financial analyses and reports in areas such as budgets, forecasts, utilization, and operational metrics. Identifies trends, explains variances, and prepares data in a presentable format for manager review.
• Serves as a consultant to department managers and directors in the development and understanding of budgets, projections, financial analyses, and variance analyses.
• Develops and prepares the hospital’s annual operating budget including: preparation, completion and consolidation of annual budget templates, reviewing department budget submissions for accuracy and appropriateness, working with managers to develop budgets and resolve issues with submitted information, and preparing analyses and reports for management.
• Consolidates individual departmental budgets into operating budget summaries.
• Identifies changes in submitted expense budgets and provide detailed analytics and explanations around any significant changes made.
• Performs strategic financial analysis and collaborates with Clinical and Administrative Directors, Business Managers and Business Planning in support of the preparation and administration of actual, budgeted, and projected expense analysis.
• Responsible for the ongoing monitoring of key metrics and trends, comparing actual information to budget.
• Maintains the Position Control Reporting System to comply with pre-established guidelines outlined by the current operating salary and wage budget.
• Oversee the production and analysis of regularly scheduled financial reports. Interprets, reviews, summarizes and presents financial results, highlighting areas of concern and significant variances.
• Performs ad hoc reporting, financial and statistical comparative analyses, variance analyses, trending, metric development and analyses, benchmarking, and financial projections for finance and management needs.
• Works with department managers to educate, advise, interpret, troubleshoot, resolve problems, and provide written analyses, explanations and interpretations of all aspects of financial and budgeting processes.
• Develops and presents to hospital management information around the current year budget cycle, including Budget General Sessions in addition to technical Hyperion new and refresher courses.
• Provides education of the Hyperion budget tool on an ongoing basis to new managers.
• Provides advice and technical assistance to hospital management as it relates to the budget process, including movement of budgets across departments, changes to the current year budget, and budget re-allocations.

Knowledge and Skills

• Expert knowledge of budgetary analytics and operational effectiveness.
• Skilled at enterprise wide/complex analysis to identify and design solutions with limited information or based on trends.
• Ability to influence high level stakeholders.
• Ability to lead enterprise wide efforts designed to enhance budgetary analysis and ensure consistent implementation.
• Ability and inclination to proactively and consistently implement process improvements and enhanced analytics techniques.
• Interest in and the ability to assist in building the technical, data and budgetary analytics skill set of team members and enterprise wide end users.
• Strong leadership skills and ability to mentor and assist junior staff members.

Education

• Bachelor’s degree in business or closely related field

Experience

• Five years of related experience in budgetary analysis or similar role