Director Financial Operations
Job Summary Directs overall operations of the Office of Financial Management. Oversees and assists in all phases of financial analysis including but not limited to financial reporting, financial and operational analysis, ad-hoc reporting, budgeting, forecasting, general ledger account analysis, deferred revenue, and audits. Establishes goals and policies for area of responsibility subject to senior management review. Plays an active role regarding the interpretation of policies, development of procedures, and selection appropriate course of action. Minimum Qualifications Education/Training Bachelors Degree (accounting major preferred). Experience 5 years of related experience required. Previous healthcare research finance, accounting experience and/or relevant public accounting and auditing experience required. Previous experience with PeopleSoft and Hyperion strongly required. License/Certification/Registration CPA or CPA candidate preferred. Knowledge, Skills & Abilities Thorough working knowledge of the concepts, theories, principles and practices of general and cost accounting and the analysis of financial statements. Working knowledge of GAAP and U.S. Government cost principals, preferably OMB Circular A-133/Uniform Guidance. Working knowledge of PeopleSoft and Hyperion to extract and financial data and create reports. Ability to present and communicate ideas effectively both verbally and in writing. Ability to establish and maintain effective working relationships with MedStar associates. Requires a highly motivated and independent thinker. Primary Duties and Responsibilities Designs, implements, controls and manages all MedStar Health Research Institute's financial operations. Coordinates and monitors monthly financial statement closing process - including reporting to MedStar Health Finance. Directs the preparation and review of timely and accurate monthly financial statements assuring compliance with generally accepted accounting principles. Ensures preparation, enhancement, review, distribution, and interpretation of financial statements and management reports. Leads the monthly departmental finance meetings and follows up on issues that arise. Works closely with CFO in the development and submission of the five year financial forecast and the annual budget. Leads the annual Hyperion budget training for department heads. Works closely with the CFO in all technical aspects of financial management. Establishes and maintains partnerships with department managers and staff to promote organizational efficiency and effectiveness. Establishes and maintains partnerships with MedStar Health Central Business Office (Budgeting, Capital) and PSS (Accounting, Billing, Collections, and Reporting). Services internal customer's needs for ad-hoc and routine information/report requests. Oversees the investigation and analysis of financial fluctuations over consolidated MHRI results and departmental fluctuations. Ensures documentation of variances and other explanations of financial statement activity. Reviews and approves monthly general ledger account reconciliations. Ensures corrective actions take place. Directs and maintains information reporting systems (PeopleSoft, Hyperion, and Axiom Capital Tool) between the Office of Financial Management and users of financial information. Assists in the recommendation and implementation of financial strategies for the organization. Responsible for the hiring, training, direction and performance of the Research Institute Finance staff. Consistently demonstrates support for compliance in the performance of job duties and responsibilities by a) developing and maintaining knowledge of, and performing job functions in compliance with, rules, regulations, policies, and statues that affect his/her job; b) maintaining knowledge of and performing job functions in compliance with MedStar Health and MedStar Health Research Institute policies and procedures; and c) reporting compliance concerns in an appropriate and timely manner. Designs, writes, oversees, and implements procedures and controls for all financial reporting and records that will meet all audit requirements of the Research Institute and MedStar Health for public and government audits, and any state and local government reviews as may be applicable. (This is a matrix responsibility with the Office of Contracts and Grants Management.) Oversees the annual A133 audit, which includes working closely with external auditors and internal stakeholders. Coordinates preparation of the SEFA, sub monitoring, and responses to inquiries and requests of auditors. (This is a matrix responsibility with the Office of Contracts and Grants Management.) Coordinates preparation and submission of fringe and F&A for indirect cost proposal. (This is a matrix responsibility with the Office of Contracts and Grants Management.) Reviews and approves contract and grant set-up, central review and approval of cost transfers for federal compliance, and works with Scientific Center staff on sponsored award cost allowability issues. (This is a matrix responsibility with the Office of Contracts and Grants Management.) Develops and contributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards and safety standards. Ensures compliance with hospital/facility policies and procedures and governmental/accreditation regulations. Participates in multidisciplinary quality and service improvement teams as appropriate. Participates in meetings, serves on committees and represents the department and hospital/facility in community outreach efforts as appropriate. Performs other duties as assigned. About MedStar Health MedStar Health is dedicated to providing the highest quality care for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation and research. Our 30,000 associates and 5,400 affiliated physicians work in a variety of settings across our health system, including 10 hospitals and more than 300 community-based locations, the largest visiting nurse association in the region, and highly respected institutes dedicated to research and innovation. As the medical education and clinical partner of Georgetown University for more than 20 years, MedStar is dedicated not only to teaching the next generation of doctors, but also to the continuing education and professional development of our whole team. MedStar Health offers diverse opportunities for career advancement and personal fulfillment.
Salary Range:
$150K -- $200K
Minimum Qualification
Accounting, Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
Salary Range:
$150K -- $200K
Minimum Qualification
Accounting, Corporate FinanceEstimated Salary: $20 to $28 per hour based on qualifications.
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