The School of Medicine Department of Pathology is now recruiting for a Director, Finance for Clinical Department.

This position provides oversight of the funds for business activities, applying general acceptable accounting principles (GAAP) to analyze the clinical financial operations of the department. These clinical financial operations include common and complex accounting transactions that include patient billing and managed care agreements, clinical revenue statements, ledger maintenance, financial statements and other reports creation, budget maintenance, internal control audits, and inventory control maintenance. The selected candidate will review, analyze and interpret all financial and budgetary reports to ensure timely and effective decision making by senior management. This position provides strategic direction and leadership for the control of financial accounting operations through the development, enhancement, and guidance of its various functions and staff members.

UMB offers a comprehensive benefits package that prioritizes wellness, work/life balance, and professional development, along with additional exciting perks that employees can take advantage of. 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, 15 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).

UMB is a public university and constituent institution of the University System of Maryland. All employees are expected to work primarily physically within the State of Maryland.

ESSENTIAL FUNCTIONS:

• 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 managements and other directors within the business unit and throughout the campus in order 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 and auditing 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 (UMB, UMMS, UPI, private practice, and VA).
• 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 (KPIs) 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.
• Prepares operating and project budget drafts and monitors departmental budgets and reports 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 of analysis.
• Direct the day-to-day administration of the departmental budget for timely and accurate maintenance including general ledger and financial management reporting and disbursements.
• Oversee pre-award and post-award management, personnel-related functions, and procurement activities.
• Recommend, establish, implement and monitor the application of internal controls within the department while in compliance with University and State of Maryland policies and procedures.
• Performs other duties as assigned.

MINIMUM QUALIFICATIONS:

Education: Bachelors in Accounting, Finance, Business Administration, and/or related field. Masters in related field preferred.

Experience: Seven (7) years spent progressively building a background in the financial and business operations of a clinical departmental or clinical office.