Manager in West Orange, New Jersey at RWJBarnabas Health

Job Title: Manager

Location: SBC Corporation

Department Name: Finance - Medical Group

Req #: 0000244980

Status: Salaried

Shift: Day

Pay Range: $110,000.00 - $155,000.00 per year

Pay Transparency:

The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.

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 the annual health system operating and capital budgeting projects, under the director of the Director of Finance for the non-academic region

Specific Responsibilities:

• 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 (Strata, Peoplesoft)
• Lead monthly MOR preparation of financial materials for all divisions/departments
• Manage the preparation of annual budgets for the health system academic clinical 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
• 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

Job Qualifications:

• Bachelor s Degree in Finance, Accounting, Economics, Business Administration or related field required
• Master s degree strongly preferred
• 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
• At least 5-10 years of experience working as a financial, budget or business analyst required
• Prior healthcare industry experience
• Proficient in Microsoft Office with advanced skills in excel (Pivot tables, conditional statements, and v-lookups required)
• Prior knowledge of industry benchmarking data (MGMA, AMGA, etc) and CMS physician coding/billing/wRVU guidelines is preferred

Required Core Competencies:

• 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
• Reports to: Director of Finance, Region (North or South/Central)
• Supervises: Analyst team
• Other: Remote/hybrid work opportunity

Benefits and Perks:

At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees’ physical, emotional, financial, personal, career, and community wellbeing. These benefits and resources include, but are not limited to:

Paid Time Off including Vacation, Holidays, and Sick Time
Retirement Plans
Medical and Prescription Drug Insurance
Dental and Vision Insurance
Disability and Life Insurance
Paid Parental Leave
Tuition Reimbursement
Student Loan Planning Support
Flexible Spending Accounts
Wellness Programs
Voluntary Benefits (e.g., Pet Insurance)
Community and Volunteer Opportunities
Discounts Through our Partners such as NJ Devils, NJ PAC, and 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
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