Director of Finance - Henry Ford Rochester Hospital

Henry Ford Health System • Rochester, MI • 8h ago

GENERAL SUMMARY:

Provides financial leadership for Rochester Hospital (and associated locations) supporting executive and operational leaders. Directs and oversees financial related activities including, but not limited to, financial reporting, budgeting, forecasting, expense management, service line profitability, financial analysis, business plans and other financial information to support operations in the identification and implementation of financial improvement plans and strategic planning. Ensures achievement of Business Units financial objectives and alignment with HFHS system operational and strategic goals and expectations. This position reports to the Vice President Finance, West Region.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Accountable for the monthly financial reporting process to ensure leadership receives timely and accurate data. Provides explanation of variances and advises management as to the areas of significant variance from plan. Prepares reports for leadership, boards and finance committees.

Directs the annual budget/forecast process for assigned Business Unit as well as short and long term financial forecasting and ensures consistency with HFHS system guidance.

Collaborates and partners with HFHS Strategic Planning in the development and support of short and long term strategic plans for assigned Business Unit.

Provides financial leadership and operational support relative to the implementation of business opportunities, challenges and risks, including financial analysis, critical review of programs and services and relevant capital expenditures.

Collaborates and partners with service line/department leaders on business plans to help achieve financial performance goals.

Develops business plans to determine financial viability and to ensure that financial resources are optimized and short and long-term goals are achieved.

Oversees expense management reporting to help monitor expenses against budget while working with operational leaders to help identify expense savings opportunities.

Monitors financial systems to ensure data integrity and proactively identifies opportunities to improve processes and increase value of financial activities.

Manages and completes special projects and serves on various committees as assigned.

Maintains a working knowledge of applicable Federal, State and local laws and regulations, the Corporate Compliance Program, Code of Ethics, as well as other policies and procedures in order to ensure adherence in a manner that reflects honest, ethical and professional behavior.

EDUCATION/EXPERIENCE REQUIRED:

Bachelor's Degree is required with a preferred emphasis in Accounting or Finance.

Master's Degree preferred.

Approximately 7 years progressively more responsible work-related experience required.

Minimum of 3 years of healthcare finance experience required.

Additional Information

Organization: Henry Ford Rochester Hospital

Department: HFRH General Finance

Shift: Day Job

Union Code: Not Applicable

Additional Details

This posting represents the major duties, responsibilities, and authorities of this job, and is not intended to be a complete list of all tasks and functions. It should be understood, therefore, that incumbents may be asked to perform job-related duties beyond those explicitly described above.

Overview

Henry Ford Health partners with millions of people on their health journey, across Michigan and around the world. We offer a full continuum of services - from primary and preventative care to complex and specialty care, health insurance, a full suite of home health offerings, virtual care, pharmacy, eye care and other health care retail. With former Ascension southeast Michigan and Flint region locations now part of our team, Henry Ford's care is available in 13 hospitals and hundreds of ambulatory care locations. Based in Detroit, Henry Ford is one of the nation's most respected academic medical centers and is leading the Future of Health: Detroit, a $3 billion investment anchored by a reimagined Henry Ford academic healthcare campus. Learn more at henryford.com/careers .

Benefits

The health and overall well-being of our team members is our priority. That's why we offer support in the various components of our team's well-being: physical, emotional, social, financial and spiritual. Our Total Rewards program includes competitive health plan options, with three consumer-driven health plans (CDHPs), a PPO plan and an HMO plan. Our team members enjoy a number of additional benefits, ranging from dental and eye care coverage to tuition assistance, family forming benefits, discounts to dozens of businesses and more. Employees classified as contingent status are not eligible for benefits.

Equal Employment Opportunity/Affirmative Action Employer

Equal Employment Opportunity / Affirmative Action Employer Henry Ford Health is

committed to the hiring, advancement and fair treatment of all individuals without regard to

race, color, creed, religion, age, sex, national origin, disability, veteran status, size, height,

weight, marital status, family status, gender identity, sexual orientation, and genetic information,

or any other protected status in accordance with applicable federal and state laws.

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