Dir Fin Plan & Analysis

Overview

This position is responsible for strategic financial planning and analysis for potential new business opportunities related to capital investment. The role coordinates completion of the annual capital budgeting process and oversees capital project accounting functions, including detailed project financial tracking. The position also supports structuring and securing financing arrangements and ensures ongoing compliance with regulatory requirements on tax-exempt debt.

Responsibilities

• Coordinate and complete the annual capital budget for WVUH and UHA, consistent with WVUHS budget guidelines as applicable.
• Monitor strategic capital projects, including multi-year major construction projects, to ensure budget compliance.
• Communicate budget progress regularly with project managers and leadership.
• Serve as a capital accounting and budgeting subject matter expert for other WVUHS entities as needed, including assisting with new hospital integration related to capital budgeting, capital procurement, compliance/policies, and taxation.
• Review monthly capital purchases to ensure state and municipal sales tax is remitted to the correct taxing authority timely, requiring understanding of tax regulations in the various states and municipalities where capital assets are utilized.
• Evaluate the organization’s financial position to determine capital budgeting targets and recommend periodic adjustments as needed.
• Lead cross-functional efforts with senior management and leadership teams to achieve capital budget targets in a timely manner and provide financial guidance at all levels to support capital budgeting objectives.
• Monitor capital budget-to-actual spending to ensure timely in-service reporting and manage available funds for maximum effectiveness.
• Assign capital project costs to depreciable components using AHA useful life guidelines to manage capital planning, accurately recover capital investment through depreciation expense, and meet regulatory requirements.
• Ensure accurate and timely capitalization, depreciation, and disposal of capital assets in accordance with Generally Accepted Accounting Principles (GAAP) and organizational policies.
• Work with lease, legal, and reimbursement teams to ensure capital and embedded leases are recorded in accordance with GAAP and comply with federal Anti-Kickback Statutes, including appropriate decrementation of the WVUH capital budget for new capital and embedded leases.
• Assist with structuring and securing debt to finance objectives of the Hospital, Practice Plan, and subsidiary corporations.
• Develop and monitor organizational policies, practices, and procedures related to capital lease accounting, including impacts of new accounting standards on existing policies.
• Consult with external bond counsel in early stages of structuring new financing arrangements to ensure legal and regulatory considerations are handled appropriately.
• Serve as a member of the tax-exempt debt compliance team, ensuring ongoing compliance with federal tax rules governing use of bond proceeds, use of financed property, yield restriction, and rebate requirements.
• Track detailed project charges by funding source to comply with debt requirements, support construction fund draw-downs, and calculate construction period interest; assign depreciable assets to relevant funding sources for compliance reporting throughout the life of the debt.
• Provide timely financial assistance related to financial matters and maintain effective working relationships with executives, physicians, management, and staff.
• Model adaptive behavior and demonstrate proactive, ethical, and collaborative work practices across different cultures and divisions.
• Identify future needs and problem areas, develop workable solutions, and follow through; take immediate action when serious discrepancy situations are discovered and document actions and rationale.
• Support or participate on various committees as appointed.
• Carry out special projects and other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in accounting, finance, or business administration.
• Five (5) years’ experience in accounting or finance.
• Two (2) years supervisory experience.

Preferred Qualifications

• Master’s degree in accounting, finance, or business administration.
• CPA certification.
• Experience in healthcare.

Skills & Abilities

• Demonstrates leadership abilities.
• Excellent written and verbal communication skills and interpersonal skills.
• Ability to communicate ideas.

Physical Requirements

• Office work which includes sitting for extended periods of time.

Working Environment

• Normal office working environment.

Compensation & Benefits

Not specified in the provided job description.

Location & Schedule

• Location: United States of America (Exempt)
• Scheduled weekly hours: 40
• Shift: United States of America (Exempt)
• Cost Center: 541 WVUH Accounting