Director - Enterprise Budget (Hybrid-Based in New York City)

Director, Enterprise Budget

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HSS is consistently among the top-ranked hospitals for orthopedics and rheumatology by U.S. News & World Report. As a recipient of the Magnet Award for Nursing Excellence, HSS was the first hospital in New York City to receive the distinguished designation. Whether you are early in your career or an expert in your field, you will find HSS an innovative, supportive and inclusive environment.
Working with colleagues who love what they do and are deeply committed to our Mission, you too can be part of our transformation across the enterprise.
Budget & Decision Support
(Hybrid-Based in New York City-Midtown location)
Full-Time
The Director, Enterprise Budget will report to the Vice President of Budget & Financial Forecasting. He/she will also work closely with the Sr. Vice President of Budget and Financial Forecasting, other members of Finance management, and senior leadership/management throughout HSS.
The Director will be responsible for the enterprise budget as well as hospital's patient-revenue budgeting process. Working with key stakeholders throughout the organization, he/she will manage the annual budgeting process and develop the annual budget for all external entities/collaborations. The Director will evaluate the current processes for budgeting and help implement process enhancements in furtherance of strategic goals.
He/she will have deep knowledge of, and direct the creation of, every component of HSS's financial budgets, including but not limited to: income statements for all divisions/entities, balance sheets, capital budgets, strategic initiatives, and volume/patient revenue.
RESPONSIBILITIES: The specific responsibilities include, but are not limited to:
Develop an extensive understanding of the hospital, its strategy and mission, its operations and finances, and its integrated strategic financial plan.
Manage the annual budget development process for hospital and all external entities and collaborations.
Manage the patient-revenue budgeting process; develop and oversee the patient-revenue budgeting model; analyze and explain patient-revenue variances throughout the year.
Work with key stakeholders throughout the organization to develop annual volume budgets, key budget assumptions pertaining to revenue and expenses, as well as monthly spreads for all entities.
With the VP of Budget and Financial Forecasting, conduct monthly reviews of the financial performance and update overall financial projections (P/Ls, cash flows, etc.) for the year.
Assist with the preparation of monthly reporting packages and dashboards for distribution to senior leadership.
Develop and coordinate all supporting budget documents required for Board presentations, annual budget book, management presentations, etc.
Manage all projects through a systematic approach that translates work plans into deliverables, with measurable outcomes, on a timely and cost-effective basis.
Manage a highly capable and engaged team and foster a team-centered culture wholly consistent with that of the hospital.
Stay current on developments in hospital/healthcare finance and industry dynamics; anticipate changes and their corresponding impact on the department/organization; provide strategic counsel and new thinking that adds value to the institution.
Establish best practices; improve processes, systems, and methods of work to achieve the highest level of productivity and service to all constituents.
Establish strong working relationships with financial leadership and colleagues and key personnel of interfacing departments, as well as other HSS departments and staff.
Qualifications
EDUCATION:
A bachelor's degree in accounting/finance or other relevant specialty is required. MBA or other advanced degrees are desirable, but not required.
EXPERIENCE, COMPETENCIES, AND PERSONAL CHARACTERISTICS:
Solid experience (7-10 years) in hospital budgeting and finance is required. Experience in a successful, dynamic and growing organization is highly desirable.
Minimum of 3-5 years of supervisory, team-related experience is required.
Proven experience with all aspects of finance and budgeting in hospital environments (e.g., income statements for all divisions/entities, balance sheets, capital budgets, strategic initiatives, and volume/patient revenue, etc.)
Expertise in planning and developing hospital budgets and financial plans and working with budgeting systems.
Experience in leading and achieving results in a matrixed environment and working with various internal and external stakeholders
Capable of quickly gaining a strong understanding of the operations and finances of the hospital and its integrated strategic plan.
Technology and system savvy. Strong Excel, Word, and PowerPoint skills.
Strong financial, analytical, and problem-solving skills. Experience resolving issues through innovative problem solving and solution development.
"Big-picture" thinker, with ability to carry out high-level analyses and relate findings to strategic goals.
Possesses a continuous-improvement mind-set. Tackles challenges and issues with a fresh approach; is creative and thinks "out of the box."
Detailed, thorough, well organized and disciplined, with the ability to proactively manage multiple priorities/projects and meet tight deadlines.
Outstanding written and oral communication skills; good listening capability; skilled at clearly and concisely communicating with all constituencies; can structure and effectively lead business meetings.
Exceptional interpersonal skills; success at cultivating strong relationships with internal and external stakeholders and creating partnerships at all levels within the organization.
Highly confident, results-driven person. Focused on achieving the goals of the organization.
Unquestionable personal integrity. Exudes credibility and professionalism. Very likeable. Quickly builds confidence in others. Team player and understands his/her role in relationship to others.
A highly committed individual, with the necessary drive and stamina to respond to the demands of the institution and work collaboratively to achieve results.
Other Requirements
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