Vice President of Finance

The University of Maryland Medical System (UMMS) is an academic private health system, focused on delivering compassionate, high quality care and putting discovery and innovation into practice at the bedside. Partnering with the University of Maryland School of Medicine, University of Maryland School of Nursing and University of Maryland, Baltimore who educate the state's future health care professionals, UMMS is an integrated network of care, delivering 25 percent of all hospital care in urban, suburban and rural communities across the state of Maryland. UMMS puts academic medicine within reach through primary and specialty care delivered at 11 hospitals, including the flagship University of Maryland Medical Center, the System's anchor institution in downtown Baltimore, as well as through a network of University of Maryland Urgent Care centers and more than 150 other locations in 13 counties. For more information, visit www.umms.org.

While professional experience and qualifications are key for this role, make sure to check you have the preferable soft skills before applying if required.

Job Description

General Summary

Under the direction of the UMMC SVP / CFO, assists in the development of key operating and financial strategies; plans, organizes and directs the financial operations of UMMC (Downtown and Midtown Campuses), including the development, interpretation, coordination and administration of the Medical System's policies and procedures. These include finance, accounting, budgeting, business systems, internal controls and auditing in accordance with the Mission, Vision and Values of UMMS. Develops and directs a management team which is committed to the organization's service quality mission.

Principal Responsibilities and Tasks

The following statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by personnel so classified.

• Assists the Senior Vice President of Finance / CFO in developing short-term operating and capital budgets as well as long term strategic operating and capital plans.
• Recommends budget planning guidelines and coordinates preparation of current year operating and capital budgets, as well as five-year planning budgets, with the Senior Vice President of Finance / CFO, UMMS Finance Shared Services, and both campus’s Leadership Groups.
• Develops and implements policies and procedures for efficient and effective financial operations.
• Oversees operating and capital expenditures annually. Ensures fiscal responsibility through controls and accountability and provides feedback to senior management and department heads.
• Supervises and coordinates, either through direct staff oversight or coordination with UMMS Shared Services, the Medical System's financial resources and the functions of rates and reimbursement and general accounting in accordance with departmental procedures.
• Reviews and ensures the timely and accurate preparation of accounting and financial reports outlining Medical Center’s financial position in all areas of assets, liabilities, income, and expense based on past, present, and planned future operations.
• Evaluates business transactions of all corporations to include records, purchases, sales and capital assets to ensure that funds are handled judiciously in accordance with sound financial management principles, approved budgets and corporate policy.
• Implements rates to be charged at UMMC & Midtown consistent with the HSCRC rate order and ensures charge capture controls are in place to support accurate patient billing.
• Directs the Access Department (inpatient and outpatient registration) at Midtown to ensure patient experience targets, demographic data collection and provision of services.
• Keeps abreast of current national and local economic conditions and serves as advisor to Executive Management on potential impact.
• Demonstrates support and compliance with UMMC’s mission, vision, values, philosophy, goals, objectives and policies.
• Under the direction of the UMMC SVP / CFO, serves as the lead finance representative for the UMMC Midtown Campus.
• Serves as a member of the leadership team of the UMMC MTC.
• Works directly with the UMMC MTC Chief Administrative Officer to evaluate operations and financial performance and provide analysis and recommendations for financial performance improvement.
• Supports MTC strategy development and provides analytics for new strategies and initiatives, in coordination with the UMMC Vice President of Decision Support.

General Responsibilities :

Qualifications

Additional Information

All your information will be kept confidential according to EEO guidelines.

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