Position Overview
The Budget Director is responsible for ensuring the Organization maintains financial accountability while delivering high-quality patient care with a strong commitment to service excellence. This role involves managing and coordinating all aspects of the facility's operating and capital budgets and actively participating in efforts to identify opportunities for restructuring work and implementing new care and labor models. As an internal consultant, the Budget Director will help identify and implement process improvements for greater efficiency and oversee the monitoring and analysis of all relevant statistical and financial variance reports.
Key Responsibilities
- Comprehend and uphold the hospital’s Performance Standards, Policies, and Behaviors.
- Supervise and coordinate Organizational Management Reports, including:
- Preparation of monthly reports on Volume Statistics, Operating Revenue, Operating Expenses, and Capital Expenditures.
- Identification of trends and fluctuations.
- Presentation of findings to Senior Leadership.
- Provision of insightful ad hoc analyses as required.
- Collaborate with department leaders and the finance team to ensure the timely and accurate completion of the Annual Capital and Operating Budgets, as well as Year-End Financial Forecasts.
- Prepare presentations for Annual Budgets, Year-End Forecasts, and monthly variance analyses.
- Oversee the maintenance and enhancement of the Syntellis Budgeting & Management Reporting system, continuously improving reports and systems.
- Supervise and mentor Financial Analysts.
- Lead and participate in various special projects related to Finance and Operations as needed.
- Perform additional duties as assigned.
Education & Experience Requirements
- Bachelor’s degree required; a Bachelor’s or Master’s degree in Hospital Administration, Business, or Finance is preferred.
- Strong understanding of healthcare budgeting, financial forecasting, cost accounting, and industry best practices.
- Experience with Kaufman Hall/Axiom/Syntellis Budgeting & Management Reporting is advantageous.
- Proficient in advanced Excel functions.
- Excellent written and verbal communication skills.
- Ability to synthesize complex information and communicate effectively to diverse audiences.
- Strong analytical skills, with the ability to manipulate and summarize data from large datasets.
Core Competencies
- Effective planning and problem-solving skills.
- Ability to manage multiple projects concurrently.
- Adaptable and collaborative.
- Detail-oriented and proactive.
- Maintain positive relationships with peers, supervisors, department heads, senior staff, and external agency representatives.
- Strong communication skills, understanding constituent needs, and fostering professional collaboration across the organization.
- Demonstrate integrity and confidentiality when handling sensitive information, including HIPAA-related data.
- Maintain composure under stress.
Physical and Mental Demands/Work Environment
- May encounter chemicals necessary for performing job tasks; all hazardous materials are documented in the hospital’s Safety Data Sheet (SDS) database, accessible via the hospital’s Intranet.
- Frequent sitting for extended periods.
- Ability to navigate the office environment.
- Constantly manage competing priorities.
- Operate computers and other office equipment regularly.
- Ability to adapt in a high-stress environment with frequent interruptions.
