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Director of Finance

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  • Job
    Full-time
    Senior & Expert Level
  • Banking & Finance
  • Dallas

Requirements

  • Education: Bachelors in Finance, Business, Accounting, or related field required.
  • Experience:
  • Two to five (2-5) years’ experience in a healthcare-related industry.
  • Five to ten (5-10) years’ experience in a Finance or Accounting role.
  • Experience with physicians services consulting in a multi-location physician’s practice is preferred.
  • Performance Requirements:
  • Excellent communication skills to distill information into a digestible presentation for senior management with recommended corrective actions.
  • Demonstrated ability to build strong cross-functional relationship throughout the organization to achieve common goals.
  • Comfortable managing multiple projects with tight or overlapping deadlines.
  • Able to motivate others and hold them accountable by monitoring progress/results and giving effective feedback in a timely manner.
  • Excellent presentation, interpersonal, and communication skills, and the ability to effectively interface and build relationships with various departments and management levels and stakeholders
  • Process orientation with the ability to put plans into action
  • Excellent problem-solving and analytical skills
  • Collaborative style with the ability to communicate clearly and precisely on technical and operational issues, both verbally and in writing
  • Ability to effectively elicit/provide information to and from appropriate individuals (including, but not limited to, supervisors, co-workers, physicians, and staff) via strong communication skills
  • Solid understanding of finance and accounting
  • Strong Microsoft Office Suite proficiency, including an intermediate knowledge of Excel and ability to create Powerpoint presentations
  • Ability to effectively prioritize and handle multiple tasks
  • Ability to maintain the highest level of confidentiality
  • Ability to work with a high degree of autonomy as well as part of team

Responsibilities

  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Budget & Forecast: Create annual budget and ongoing forecasts to support operational planning and decision making for assigned area. Work with key stakeholders to determine budget and forecast assumptions. Identify risks and opportunities key to achieving targets, providing recommendations to counter measure identified risks.
  • Operational Efficiency: Identify and track performance towards key performance metrics. Monitor and communicate practice and physician productivity. Track and communicate progress towards cost efficiency targets. Effectively communicate and collaborate with key stakeholders to support the realization of opportunities.
  • Financial Compliance: Monitor compliance with regulatory requirements, financial policies, and internal controls.
  • Financial Reporting & Analysis: Prepare and present meaningful and actionable financial and operational reports, analysis, and commentary relevant for each key audience’s understanding of performance, including physicians and senior management. Perform ad hoc modeling of financial impact of operational decisions as needed. Lead detailed forecast and actual results analysis to anticipate short and long-term business trends and provide recommendations to improve performance.
  • Financial Results Review: Partner with accounting team for month, quarter, and year-end close review to drive process improvement and ensure results are accurately stated. Drive process enhancements to improve reporting and variance analysis. Perform general ledger and data validation to ensure data accuracy and completeness for proper financial reporting. Perform monthly variance analysis in collaboration with FP&A and Accounting.
  • Management & Supervision: Select, train, and performance manage support staff to ensure the successful delivery of financial operations functions.
  • Financial Operations: Review and approve invoices and other payables to ensure compliance with budget and proper general ledger classification. Provide ongoing review of employee roster and ensure proper designation of personnel expenses. Perform review and analysis for contract service arrangements (hospital call, contract physician services, shared services agreements, etc.) Implement and monitor controls to ensure business activities meet targeted performance goals.
  • Relationship Manager: Serve as point person for physician and operations partners within assigned territory for finance, accounting, physician compensation, MSO and related inquiries and issues. Maintain service centric culture. Develop and foster relationship as trusted advisor with key stakeholders.
  • M&A/ Integrations: Support M&A analysis and assumptions for potential acquisitions within assigned territory. Manage and serve as point person for integration of finance and accounting activities for new practices. Perform income repair analysis and monitor ongoing performance versus expectations.
  • Other: Travel as needed. Manage special projects. Other duties as assigned.

FAQs

What is the primary responsibility of the Director of Finance?

The primary responsibility of the Director of Finance is to direct the financial operations of the assigned area, providing strategic and tactical support to key stakeholders, including areas like physician compensation, accounting, and financial planning and analysis.

What educational qualifications are required for this position?

A Bachelor’s degree in Finance, Business, Accounting, or a related field is required for the Director of Finance position.

How much experience is needed for a candidate to apply for the Director of Finance role?

The position requires five to ten (5-10) years of experience in a Finance or Accounting role, with an additional two to five (2-5) years of experience in a healthcare-related industry preferred.

What specific skills are important for this role?

Important skills for the Director of Finance include excellent communication skills, the ability to build cross-functional relationships, strong problem-solving and analytical skills, proficiency in Microsoft Office Suite (especially Excel), and the ability to handle multiple tasks and maintain confidentiality.

What are some of the key tasks the Director of Finance will perform?

Key tasks include creating annual budgets and forecasts, monitoring operational efficiency, ensuring financial compliance, preparing financial reports and analysis, and supporting mergers and acquisitions.

How does the Director of Finance contribute to operational planning?

The Director of Finance creates annual budgets and ongoing forecasts to support operational planning and decision-making, identifies risks and opportunities, and provides recommendations to achieve targets.

What role does the Director of Finance play in compliance?

The Director of Finance monitors compliance with regulatory requirements, financial policies, and internal controls to ensure that all financial operations adhere to established standards.

In what ways will the Director of Finance engage with physicians and operations partners?

The Director of Finance will act as a trusted advisor, serve as the point of contact for inquiries and issues, and maintain a service-centric culture with key stakeholders.

Is travel required for the Director of Finance position?

Yes, travel as needed is expected as part of the responsibilities of the Director of Finance position.

What management responsibilities does the Director of Finance have?

The Director of Finance is responsible for selecting, training, and performance managing support staff to ensure the successful delivery of financial operations functions.

Patient First. Quality Centric. Physician-Led. The Nation's Leading Gastroenterology Practice.

Science & Healthcare
Industry
1001-5000
Employees
2018
Founded Year

Mission & Purpose

At the core, GI Alliance operates on a philosophy grounded by three guiding principles: Patient First. Quality Centric. Provider-Led. Our strength comes from the diversity of talented individuals who make up our organization—everyone striving to serve our patients with excellence every day. We have designed our practice to foster and develop a diverse culture, both clinical and non-clinical. It is not merely words for our practice. Our company values and celebrates the diversity of our physicians, staff and patients. We firmly believe our service is greatly enriched by our diversity of thought, experience, perspective, culture and background. The people of GI Alliance are the best in the industry, and that results in a great working environment.

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