University of Maryland, Baltimore (UMB) · 1 week ago
Director, Finance for a Clinical Department
Baltimore, MD
Full-time
Onsite
Director/Executive
$143K/yr - $160K/yr
7+ years expThe University of Maryland, Baltimore (UMB) is seeking a Director of Finance for the Department of Psychiatry, which focuses on clinical, education, and research agendas. This role involves providing strategic direction for financial operations, overseeing complex funding agreements, and ensuring efficient financial management within the clinical department.
Higher Education
Responsibilities
Provide strategic direction and leadership for the control of a clinical department’s financial operations through the development, enhancement, and guidance of its various functions and staff members
Oversee management of complex funding and service agreements, patient billing and managed care contracts
Review, analyze and interpret all financial and budgetary reports to ensure timely and effective decision making by senior management
Collaborate with upper-level managements and other directors within the business unit and throughout the campus in order to ensure the delivery of high-quality service
Direct the management of complex funding and service agreements, patient billing and managed care contracts
Provide general direction and leadership for all aspects of the financial functions within a clinical department in order to maintain their efficient operation
Direct the income of the department and divisions and its programs, including coordinating payments from different budget sources, as well as managing the purchasing of supplies and other expenses
Oversee financial accounting and GAAP/GASB reporting to include managing the department’s external financial reporting process; manage the periodic internal financial reporting process of the department
Maintain financial management systems and internal controls required to ensure that the clinical department commitment, operating, and cash management accounts are safeguarded and that accounts are appropriately maintained in order to ensure accurate financial data
Direct the budgeting and financial reporting including tracking of all financial transactions, reporting transactions to external agencies for department, and providing detailed financial plans to the department head
Oversee all financial transactions for clinical revenue including annual audits, tax return preparation and cash management
Manage assigned staff in the efficient and confidential processing of all financial transactions
Direct payroll and fringe benefits systems which may include the coordination and processing of multi employment entities (UMB, UMMS, UPI, private practice, and VA)
Ensure efficient recruitment/interviewing and training functions to continually review strengths and weaknesses in maintaining a staff of well-trained, highly involved, and motivated employees
Develop, direct, and implement critical clinical financial path activities and projects to ensure efficient and effective processes and practices
Define and deliver key performance indicators (KPIs) and dashboards to track operational performance
Partner with management on a regular basis in setting strategic goals and objectives and budgets, and/or in fostering improvements in policies/procedures for the entire clinical department
Prepares operating and project budget drafts and monitors departmental budgets and reports any significant deviations from approved budgets
Monitor and oversee all clinical department asset and liability accounts; ensure proper accounting methodology, techniques, and policies are adopted in departmental operations
Improve business with constraint analysis, target costing, capital budgeting, and cost of quality analysis
Performs other duties as assigned
Qualification
Required
Bachelor's degree in Accounting, Finance, Business Administration and/or related field
Seven (7) years spent progressively building a background in the accounting, financial, and business operations of a clinical departmental or clinical office
Five (5) years of direct management involved in recruitment, training, and professional development of staff
Annual financial disclosure required by Maryland State law
Thorough knowledge of position requirements
Thorough knowledge of all applicable requirements, regulations, and laws
Skill in effective use of applicable technology/systems
Ability to effectively communicate both verbal and written thoughts, ideas, and facts
Ability to support a mission and strategic vision
Instructional, training, and teambuilding skills to strengthen and cultivate relationships
Skill in consultation and change management
Ability to demonstrate, understand, apply, and adhere to the UMB Core Values of Respect and Integrity, Well-being and Sustainability, Equity and Justice, and Innovation and Discovery
Preferred
Master's in related field
Prior experience in health care or higher education
Certified Public Accountant (CPA)
Certified Management Accountant (CMA)
Certified Financial Manager (CFM)
Certified Internal Auditor (CIA)
Benefits
Comprehensive benefits package that prioritizes wellness, work/life balance, and professional development
Participates in a retirement program (pension or optional retirement plan/ORP)
Generous PAID leave package that includes over 4 weeks of vacation accrued each year
16 paid holidays
3 personal leave
Unlimited accrual of sick time
Comprehensive health insurance
Professional learning and development programs
Tuition remission for employees and their dependents at any University System of Maryland school
Flexible work schedules and teleworking options (if applicable per job)
Company
University of Maryland, Baltimore (UMB)
The University of Maryland, Baltimore (UMB) was founded in 1807.
5001-10000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
CDA Foundation
2024-03-18Grant
Leadership Team
Scott Bitner
Vice President Finance & Auxiliary Services, Deputy CFO
Diane Forbes Berthoud, Ph.D.
Vice President and Chief Diversity Officer; Professor, Graduate School
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