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Banner - University Medical Center Phoenix has held Magnet status since 2005 and was recently bestowed its fourth consecutive Magnet designation by The American Nurses Credentialing Center???s (ANCC). This designation is considered the gold standard of nursing excellence. What makes this truly extraordinary is only 1% of hospitals nationwide have achieved this designation four times.
This position oversees the Hospital Finance team at Banner University Medical Center Phoenix including 3 direct reports, the Associate Director, a Senior Financial Analyst, and a Senior Executive Assistant, as well as 3 indirect reports. Typical duties include management and oversite of the rolling forecast, monthly financial close, adhoc proformas and analysis but in addition, the complexity and exciting finance work supporting an AMC thru the triple mission of clinical, teaching and discovery with our University of Arizona partner. This position requires an independent leader and offers opportunities for further growth and advancement within the company. MBA and FHFMA preferred.
This position will be Monday-Friday 8am-5pm.
Your pay and benefits are important components of your journey at Banner Health. This opportunity is also eligible for our Management Incentive Program, as part of your Total Rewards package. Banner Health offers a variety of benefits to help you and your family. We provide health and financial security options so you can focus on being the best at what you do and enjoying your life.
Your pay and benefits are important components of your journey at Banner Health. This opportunity includes the option to participate in a variety of health, financial, and security benefits. In addition, this position may be eligible for our Management Incentive Program as part of your Total Rewards package.University Medical Center Phoenix Banner - University Medical Center Phoenix is a nationally recognized academic medical center. The world-class hospital is focused on coordinated clinical care, expanded research activities and nurturing future generations of highly trained medical professionals. Our commitment to nursing excellence has enabled us to achieve Magnet??? recognition by the American Nurses Credentialing Center. The Phoenix campus, long known for excellent patient care, has over 730 licensed beds, a number of unique specialty units and is the new home for medical discoveries, thanks to our collaboration with the University of Arizona College of Medicine - Phoenix. Additionally, the campus responsibilities include fully integrated multi-specialty and sub-specialty clinics, and with a new $400 million campus investment, a new patient tower and 2 new clinic buildings will be built.
POSITION SUMMARY This position provides overall direction of the Finance functions for separate operating unit(s) to support the achievement of facility and related entities' financial and strategic objectives.
CORE FUNCTIONS 1.??Reports financial performance metrics for assigned facilities.
2.??Directs and manages key processes including financial, management and cost reporting and analysis; net revenue modeling; operating and strategic financial planning; annual operating and capital budgeting; decision support and business analysis.
3.??Establishes systems to monitor performance and assure all departments are delivering financial goals as committed through the budget. Recommends redistribution of resources when necessary to deliver outcomes.
4. Assures adherence to company financial policies and internal controls, regulatory compliance, and generally accepted accounting principles. Develops and implements financial policies and/or procedures as needed.
5. May direct personnel actions including recruiting, new hire actions, interviewing and selection of new staff, salary determinations, training, and personnel evaluations. Provides on-going financial education opportunities for staff, department managers and administration, as necessary.
6. May leads teams and models behaviors to improve processes, customer satisfaction, and profitability. Works with department managers and other department personnel to identify financial improvement opportunities through monthly budget variance analysis, studying trended data, comparing benchmark information and reviewing productivity data.
7. Provides financial decision support to assigned operating unit(s) and selected service lines by providing program, payer and service profitability reports and operating and capital investment analysis and forecasting.
8. Ensures the achievement of financial goals and performance metrics for operating unit. Primarily supports senior leadership across the operating unit and facility.
Knowledge and understanding of business and financial healthcare as normally obtained through the completion of a Bachelor???s Degree in Business, Accounting, Finance or other related degree
Requires a proficiency level typically attained with seven or more years experience in healthcare finance. Employees working at Banner Behavioral Health Hospital or the Whole Health Clinic must possess an Arizona Fingerprint Clearance Card at the time of hire and maintain the card for the duration of their employment.
Requires ability to prepare detailed operating and financial reports using advanced computer skills. Requires strong interpersonal, leadership and communication/presentation skills.
Master of Business Administration or Certified Public Accountant (MBA/CPA) is highly desirable or equivalent work experience with an in-depth knowledge of accounting principles, budgeting, cost accounting and healthcare reimbursement methodologies. Previous management of professional level staff highly preferred.
Additional related education and/or experience preferred.
What might draw you to Banner Health? A great health care career, of course—and a great place to live, no matter what stage of life you’re in. With facilities across the West, there is a health care career for everyone, from big city living in the Phoenix area to friendly small towns in the mountains and plains. As one of the largest nonprofit health systems in the country, Banner Health offers both the stability that comes with success and the possibility of exploring new areas of the country. If you’re looking to be a key contributor to a forward-looking organization, you’ll experience a wide variety of professional advantages:
Our expansive system offers you an unmatched variety of clinical settings – from large urban trauma center to small rural hospital, ambulatory to home health.
Our commitment to healthcare innovation means you always have the latest technologies at your fingertips to help you provide the finest care possible.
The size, success and growth of our system provide you with the stability and options to pursue your desired career path.
Competitive compensation and comprehensive benefits offer you options to complement your unique needs.