Dir Fin Plan & Analysis

Overview

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

Responsibilities

• Coordinate and complete the annual capital budgeting process for related hospital and organization entities, consistent with applicable budget guidelines.
• Gather and analyze publicly available competitive information (including cash flow, costs, margins, investments) to support understanding of competitor strategies.
• Monitor multi-year strategic capital projects (including 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 organizational entities as needed, including support for new hospital integration related to capital budgeting, capital procurement, compliance/policies, and taxation.
• Review all monthly capital purchases to ensure state and municipal sales tax is remitted to the correct taxing authority on a timely basis; apply tax regulations across states and municipalities where capital assets are utilized.
• Evaluate the organization’s financial position to determine capital budgeting targets and recommend periodic adjustments.
• Lead timely efforts with senior management and leadership stakeholders to achieve capital budget targets and provide financial guidance to support capital budgeting objectives.
• Monitor capital budget-to-actual spending to support timely in-service reporting and manage available funds effectively.
• Assign capital project costs to depreciable components using AHA useful life guidelines to manage capital planning, 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 and reimbursement stakeholders, along with legal partners, to ensure capital and embedded leases are recorded in accordance with GAAP and comply with federal Anti-Kickback Statutes, including appropriate budget decrementing for new capital and embedded leases.
• Assist with structuring and securing debt financing objectives for the hospital, practice plan, and subsidiary corporations; develop and monitor policies, practices, and procedures related to capital lease accounting, including impacts of new accounting standards.
• Consult with external bond counsel early in the structuring of new financing arrangements to ensure legal and regulatory aspects are addressed.
• Serve as a member of the tax-exempt debt compliance team by ensuring ongoing compliance with federal tax rules and regulations governing the use of bond proceeds, including requirements related to use of financed property and 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.
• Provide timely financial assistance to senior management and other stakeholders, including tracking project charges and related compliance needs.
• Build and maintain strong working relationships with executives, physicians, management, and staff to support institutional goals and objectives.
• Perform ongoing professional development through meetings and seminars to stay current on trends and developments; present information as in-service training sessions as necessary.
• Support or participate on committees as appointed.
• Complete 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.

Compensation & Benefits

• Not specified in the provided job description.

Location

• United States of America (Exempt)

Work Schedule

• Scheduled Weekly Hours: 40
• Exempt/Non-Exempt: Exempt

Physical Requirements

• Office work, including sitting for extended periods of time.

Working Environment

• Normal office working environment.