Budget Manager, Finance, Hybrid, New Brunswick - RWJBarnabas Health

Description

Budget Manager, Finance, Hybrid, New Brunswick

Req #:

Category:
Leadership


Status:
Full-Time


Shift:
Day


Facility:
Barnabas Health Medical Group


Department:
Financial Services


Location:
Barnabas Health Medical Group,
95 OLD SHORT HILLS RD, New Brunswick, NJ 08901


Job Overview:

The Manager, Financial Analytics & Budgets will oversee and supervise a team of analysts who generate standard and custom financial and productivity reports.

This manager will oversee preparation of portions of the medical group annual health system operating and capital budgeting projects, under the director of the Director of Finance.

Qualifications:

Required:
At least 5-10 years of experience working as a financial, budget or business analyst required
Bachelor s Degree in Finance, Accounting, Economics, Business Administration or related field required
Prior healthcare industry experience
Demonstrated proven ability to take on increasing responsibility in a fast pace environment
Progressive experience working as part of a team and as an individual
Proficient in Microsoft Office with advanced skills in excel (Pivot tables, conditional statements, and v-lookups required)
Excellent written and oral communication skills
Demonstrated ability to understand internal and external financial reports to develop meaningful analysis for leadership

Ability to communicate and work effectively with a diverse group of business professionals at all levels of the organization including management, physicians, operations, and business development.

Ability to prioritize and meet multiple deadlines effectively
Must have strong attention to details
Maintaining strict confidentiality of files and reports

Preferred:
Master s degree strongly preferred
Prior knowledge of industry benchmarking data (MGMA, AMGA, etc.) and CMS physician coding/billing/wRVU guidelines is preferred

Essential Functions:
Review monthly results vs budget and provide feedback to clinical division/department leadership on opportunities.

Oversee the preparation of adjusting journal entries as necessary for either actual or budget timeseries within the health system financial reporting systems.

(AXIOM, Strata, Peoplesoft)
Lead monthly MOR preparation of financial materials for all divisions/departments.
Manage the preparation of annual budgets for portions of the health system clinical professional enterprise. This includes maintaining staffing grids, position control, other expenses.

Assist department leadership with statistical budgeting at provider level to support benchmarking initiatives.
Directly work with health system physician compensation team to track and review compensation data and calculate bonus reconciliations. Support all physician compensation reconciliation efforts across the clinical departments.

Oversee the prepare standard financial impact analysis in conjunction with division/department leadership for clinical enterprise FTE requests related to replacements, upgrades, downgrades and net new requests.

Oversee financial impact analysis for all PRRC and Workforce processes.
Oversee the preparation of proforma analysis in conjunction with clinical leadership related to capital spending needs.

Calculate ROI and assist with SBAR items as necessary.
Assist department leadership with revenue cycle items as necessary.

This includes researching work queue issues, interacting with corporate revenue cycle team and providing impact analysis for new procedures, supplies or the like.

Assist with coding/HIM inquiries as required.

Oversee through leadership and professional development of all analysts supporting the clinical division/departments including recruitment, coaching, annual performance evaluations and employee disciplinary actions, as required.

Other duties as assigned

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.

Duties, responsibilities and activities may change at any time with or without notice.


Additional Information:

Benefits and Perks:
At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees

physical, emotional, social, and financial health.
Paid Time Off (PTO)
Medical and Prescription Drug Insurance
Dental and Vision Insurance
Retirement Plans
Short & Long Term Disability
Life & Accidental Death Insurance
Tuition Reimbursement
Health Care/Dependent Care Flexible Spending Accounts
Wellness Programs
Voluntary Benefits (e.g., Pet Insurance)
Discounts Through our Partners such as NJ Devils, NJ PAC, Verizon, and more
Choosing RWJBarnabas Health

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team.

We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time.

As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey.

From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state.

We understand the growing and evolving needs of residents in New Jersey whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer

RWJBarnabas Health is an Equal Opportunity Employer

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