Budget Director

Company: Lawrence General Hospital
Location: Lawrence
Posted on: January 27, 2023

Job Description:

As the Lawrence General Hospital Budget Director, you will be responsible for overseeing all budgeting activities including budget formulation, monitoring and reporting for Lawrence General Hospital and Affiliates. Provides strategic and tactical financial leadership to ensure that budget activity meets the goals, objectives and standards of the organization. DUTIES AND RESPONSIBILITIES:

• Adhere to and establish Financial Planning department goals and objectives consistent with the Hospital's strategic and operating plans. Provide high level and in-depth budget and special project analysis for all operating areas and various strategic hospital initiatives.
• Lead the development and validation of all strategic and tactical budget assumptions. The budget will include Revenue, Statistical, Contractual, FTE/Salary, Non-Salary, Capital, Balance Sheet and Cash Flows.
• Analyze proposed operating budget requests and ensure compliance with established hospital operating targets. Manage the annual salary-rate increase model for both union and non-union employees.
• Prepare monthly and annual budget presentations for the Hospital and its Affiliates.
• Provides education to staff in areas relevant to budgeting, staffing and operating expense management.
• Facilitates benchmarking and performance improvement initiatives.
• Develops performance metrics, measurements, methods and targets; assists in identifying performance improvement opportunities.
• Work with all levels of Hospital management and finance staff on issues surrounding budget development, reporting and analytical special projects.
• Analyze current and past trends in key performance indicators including revenue, labor and other operating expenses.
• Other duties and special projects as assigned by the CFO. Required:
• A Bachelor's degree in finance, accounting, economics or related field.
• Three to five years' experience in healthcare or hospital finance.
• Excellent expense and revenue analysis skills.
• Knowledge of Excel and Access skills.
• Analytical and customer problem resolution skills.
• Excellent interpersonal, oral and written communication skills.
• Ability to work effectively in teams.
• Ability to work independently with operating managers on issues such as cost per unit analysis, periodic product-line analysis, forecasting and variance analysis.
• Must be extremely well organized to handle multiple tasks simultaneously under sometimes tight deadlines.
• Take-charge ability and excellent judgment in determining and leveraging resources. Preferred:
• Master's degree.

Keywords: Lawrence General Hospital, Lawrence , Budget Director, Executive , Lawrence, Massachusetts