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Penn Medicine, University of Pennsylvania Health System · 15 hours ago

Senior Manager Financial Operations - Emergency Department

Philadelphia, PA

Full-time

Onsite

Senior Level

6+ years exp

Penn Medicine is dedicated to providing high-quality patient care while conducting innovative research and educating future medical leaders. The Senior Manager Financial Operations will oversee financial operations for the Emergency Department, including financial statement preparation, budget development, and management of cash and accounts payable functions. This role will also involve communicating financial information to leadership and ensuring efficient financial processes are in place.

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Responsibilities

Preparation of monthly financial statement package which includes variance review and comments for the monthly financial statements. This is done on a consolidated basis. Presents financial data, provides explanations, and communicates data to relative stakeholders

Oversees monthly financial reporting and variance processes for the department. This includes review of department, divisional, and physician level income statements and department balance sheet. Also oversees all physician level snapshots and Vizient quarterly reporting

Preparation of annual operating budgets and current year projection. This includes working with Hyperion Planning. Provide information to the COO, CFO and Department leadership in the development and implementation of operating budgets. Centrally manage all Hyperion budget reporting/rollup/balancing

Active involvement in inter entity transactions and funds flow accounting. Direct interface with leadership for IET reconciliation

Monthly, quarterly, ad hoc. Revenue in excess of $170 million

Managing miscellaneous accounts receivable, accounts payable and purchasing functions. Authorize all purchase orders and check requests. Complete authorization for substantial purchase orders or check requests per department guidelines

Responsible for monthly incentive compensation accrual calculations. Expense in excess of $12 million

Serves as point of contact for SOM Senior Director for university bill, SOM transfers, etc

Serves as a point person for our affiliates. Reconciles invoices (OOR in excess of $11 million) and payments on a monthly basis

Accountable for having financial statements and statistical results accurately and consistently prepared and reported in conformity with general accounting principles and in accordance with Penn Medicines’ policies and procedures. Maintain working knowledge of University/SOM/Hospital/VA side of financial operations

Serves as point of contact for SOM Senior Director for university bill, SOM transfers, etc

Serves as a point person for our affiliates. Reconciles invoices (OOR in excess of $11 million) and payments on a monthly basis

Responsible for managing the daily activities of the Finance Staff. This position is responsible for hiring and evaluating personnel, staff development, training, scheduling and delegation of workload

Analyzing the profitability of individual physicians, programs and Divisions so Department Leadership can rely on this data to make strategic decisions

Development of MBPLs and Effort Reports for compliance with new Effort Guidelines

Accountable for maintaining proper control over inventory

Works collaboratively with CPUP Finance on monthly basis

Reviews, analyzes and updates faculty coverage reports and proactively address physicians not meeting benchmarks

Calculate and maintain CFTEs on a quarterly basis. Provide physician productivity data as it relates to benchmarks, historical data, etc

Maintain Lawson security and access for the department including 12 divisions

Proper individuals have the necessary access to the reporting/ systems that they need. Confidential data is safeguarded

Qualification

Financial statement preparationBudget developmentAccounts payable managementHyperion PlanningVariance analysisFinancial reportingStaff managementAnalytical skillsCommunication skillsCollaboration

Required

Bachelor of Arts or Science (Required) Education Specialization: Accounting, Business Administration, Finance or related discipline

6+ years progressive experience in general accounting and/or budgeting is required; health system or an academic medical center related experience preferred

Preferred

Master of Arts or Science (Preferred) Education Specialization: Accounting, Business Administration, Finance or related discipline

Benefits

Prepaid tuition assistance programs

Company

Penn Medicine, University of Pennsylvania Health System

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Penn Medicine is a world leader in academic medicine, setting the standard for cutting-edge research, compassionate patient care, and the education of future health care professionals.

Founded in 1765

Philadelphia, Pennsylvania, USA

10001+ employees