SCPMG – Area Financial Officer

SCPMG – Area Financial Officer

SCPMG – Area Financial Officer

SCPMG – Area Financial Officer

Primary Location Downey, California

Job Number 1143827

Date posted 01/10/2023

Description:

The task of creating SCPMG financial targets and operating budgets within the SA Division/Regional Targets is delegated to the SCPMG Leadership. Develops the overall financial goals for the SA in coordination with the Business Strategy and Finance Leader. assists the SCPMG Leadership in developing the Service Area's strategic directions. assists in the local strategic goal-setting process and offers financial consulting skills in relation to the various business goals. Makes certain that SCPMG Leadership receives efficient business analysis and project management support to aid them in making decisions and solving problems in areas like operational analysis, facility/medical services planning, clinical analysis, performance analysis, market assessment, and finance.

Is responsible for the Medical Group's overall financial operations, including ensuring compliance with organizational policies and procedures, standard accounting practices, and reporting financial operations in accordance with those guidelines, as well as maintaining adequate controls over all financial processes within the Medical Group.

oversees, holds accountable for, and reports on the budgeting process, budget variation, and financial performance. acts as the point of contact for SCPMG's planning and development activities amongst Regional departments in charge of financial operations. oversees all business operations for the Medical Group, such as outpatient revenue management, physician payroll billing procedures, and data/reporting for critical operational activities. serve as the administrative point of contact for additional strategic commitments and goals like access and outpatient utilization management.

 

Essential Responsibilities:
  • Finance Strategy:

In coordination with the Business Strategy and Finance Leader and with the guidance of the SCPMG Leadership

creates action plans and yearly and multi-year financial performance goals to meet predefined financial performance targets (e.g. operating margin, operating expense, cash generation, revenue optimization).

Plans and initiatives that are intended to improve financial performance and opportunities in operations, capital and facilities, the market, and through modifications to current systems and procedures are recommended and supported.

Analyzes and develops financial strategies with Chiefs and Operations Managers to resource new or additional systems or services. This involves determining the financial impact of changes to the current delivery systems and working with Operations Managers to properly assess and/or resource the new system or changes.

Organizes and acts as a point of contact for Regional Office staff in matters of Financial Planning and Financial Analysis, offering SA comments and input as necessary and appropriate.

  • Finance Operations:

develops the budgeting process and is responsible for its completion (rate making, preliminary operating, operating budget cycles).

Develops department/unit financial strategies and budgets in collaboration with local managers and leaders.

Prepares reports and variance analyses to aid in the achievement of budget goals and efforts to solve issues.

explains budgeting techniques, audit trails, and the use of financial policies and procedures to SA managers and their personnel.

Managers are consulted on the use of financial policies and procedures, audit trails, and budgeting processes.

Consults with area managers about the potential for changing procedures to improve budget performance, and trains staff on accounting rules and practices for buying products and services, internal payroll procedures, renting property and equipment, and properly coding and allocating expenses.

through regular review and auditing, ensures proper control and compliance with financial policies and procedures.

By putting local control functions into place and keeping an eye on them, including safeguards for all physical assets, local control functions ensure adherence to administrative, legal, and regulatory requirements of local, state, and federal agencies.

provides local administration for the Medical Group Operations' Patient Revenue department.

Working with regional and local SCPMG staff, including appropriate billing and payment, to execute and oversee outside medical contracts

functions as a bridge between SCPMG Regional Staff and Financial Operations/General Accounting coordination.

  • Enterprise Planning:

provides internal advice and research to the SCPMG Leadership for tasks involving formulating strategic objectives for SA and doing business planning.

This includes: a) Establishing a financial strategy direction in line with divisional/program goals.

formulation of a strategy.

setting objectives.

Action preparation.

Monitoring and implementation.

develops a long-term and operating (year) finance plan/budget in collaboration with the business strategy and finance leader.

Organizes/acts as a connection between SA feedback and Divisional Office staff about the creation of business plans.

  • Analytical Support:

The provision of operational analysis and consulting support to SCPMG managers in the areas of facilities planning, operational/medical services planning, benchmarking, member/market assessments, clinical analysis, database creation, make vs. buy analysis, cost-benefit/NPV analysis, and business/strategic development

Organizes/acts as a liaison between SA staff and SCPMG Regional Office personnel for planning and development tasks, providing SA feedback/input as required/appropriate.

  • Business Operations:

oversees all or a portion of the Medical Group's business operations, including physician salaries and benefits, outpatient miscellaneous revenue, and administrative and commercial operations including life insurance, administrative services, and medical requests (Medical Records and Disability).

controls the systems that the local levels of OPAS, DCAP, FMS, and CARG use to support business operations.

oversees the OHS/EHS Business line's Medical and Business operations.

 

Read also employees expected conduct for this job

 

Basic Qualifications:
Experience
  • Minimum ten (10) years of experience in finance and strategic planning; including five (5) years of management experience.
  • Also includes five (5) years of experience in a multifaceted healthcare system and multiservice provider setting.
Education
  • Master's degree in accounting, finance, business health care or public administration required.
License, Certification, Registration
  • N/A.

 

Additional Requirements:
  • Thorough knowledge of federal, state, and regulatory accounting and reporting regulations, GAAP cost management techniques, financial analysis, cost accounting techniques and budgeting systems.
  • Demonstrated organizational skills and action orientation.
  • Effective collaborator with strong working relationships with members of the HP and SCPMG Leadership Teams.
  • Demonstrated level of expertise in quantitative and applied research methods.
  • Demonstrated capacity to hold staff/other leaders accountable and expertise in managing complex operations in a matrix organization.
  • Demonstrated capacity to bring projects/initiatives to completion.
  • Demonstrated negotiation, conflict management, problem resolution and change management skills.
  • Demonstrated business planning (process, writing) skills and proven ability to develop strategic goals.
  • Must be able to work in a Labor/Management Partnership environment.

 

Preferred Qualifications:
  • CPA is strongly preferred.

 

Primary Location: California, Downey, Garden Medical Offices Building No. 1
Scheduled Weekly Hours: 40Shift: Day
Workdays: Mon, Tue, Wed, Thu, Fri
Working Hours Start: 08:00 AM
Working Hours End: 05:00 PM
Job Schedule: Full-time
Job Type: Standard
Employee Status: Regular
Employee Group/Union Affiliation: NUE-SCAL-01|NUE| Non-Union Employee
Job Level: Director/Senior Director
Specialty: Finance
Department: Downey Medical Center Area – Admin – Medical Group – 0806
Travel: Yes, 10 % of the Time

 

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