What are the responsibilities and job description for the Hospital Financial Controller position at DMC Children's Hospital of Michigan?
Children’s Hospital of Michigan is an international leader in pediatric and adolescent medicine. Surgical services include general, thoracic, reconstructive and cardiovascular. Imaging technology designed specifically for children provides advanced diagnostic services including Positron Emission Tomography (PET) and MRI. The Children’s Hospital of Michigan Emergency Department is a verified Level 1 Pediatric Trauma Center and dedicated pediatric burn center. Experts in pediatric critical care, rehabilitation, and neonatal and perinatal medicine provide care for thousands of children every year at Children’s Hospital of Michigan, Children’s Hospital of Michigan - Troy and six ambulatory sites.
Job Summary
Functions as the Hospital Controller responsible for budgeting, overall cost control, purchasing liaison, inventory and supply control, position control, and other financial matters as directed. Prepares and submits for approval the annual Operating Budget. Translates hospital objectives into departmental objectives.
Assist operating management in identifying and implementing plans to achieve Budget objectives. Work with corporate Budget director to meet timing and data requirements.
Establishes a Budget reporting process that focuses on measurable cost performance to complement and align with reporting for revenue elements. Integrates reporting input into senior management and corporate reports. Identifies cost control and cost management issues and recommends actions to resolve.
Assists in the implementation of the corrective actions Meets regularly with department and senior operating management to review financial results; participates in senior management meetings involving financial issues. Investigates variances from budget or plan.
Quantifies the variance in dollar terms, and distinguishes those variances between price/rate and volume factors. Prepares and submits for approval the annual Capital Budget. Works with Departments and Senior Management to develop a criterion bases selection process and to prioritize capital needs based on this process.
Monitors the on going use of capital funds and reassessment of capital priorities as needed. Works with operating management to achieve cost and business objectives; establish cost control mechanisms that are easily understood by operating management. Establishes cost metrics that management can use to achieve financial objectives. Identifies cost control and cost management issues and recommends actions to resolve. Assists in the implementation of the corrective actions.
Works with Department Management and Senior Management in the review of new and existing product lines, contracts and business ventures to provide in depth cost and financial analysis and make recommendations regarding financial issues. Approves personnel actions such as hires, fires, disciplines, etc.
Ensures the timely completion of performance appraisals. Allocates resources to carry out necessities required by the organization. Monitors activities for and ensures compliance with laws, government regulations, JCAHO requirements and DMC policies. As directed, implements external and internal audit recommendations.
Qualifications:
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Bachelor's Degree in Accounting, Business Administration, or related field or equivalent combination of education and experience. MBA or equivalent Advanced degree preferred.
2. 5 years experience in a progressively more responsible Health Care Financial position, experience with budgeting, cost accounting and financial analysis.
