1 Director Finance Job in Baytown, TX
Houston Methodist is Hiring a Director Finance Near Baytown, TX
At Houston Methodist, the Director Finance position is responsible for directing the financial operations and financial planning of assigned entity and ensures the smooth running of the hospital's finances through effective oversight of internal controls, reporting, policy implementation and improving financial processes. This position may also direct the accounts payable function which includes directing the execution and tracking of accounts payable to ensure timely and accurate payment of invoices in accordance with company policies and procedures. The Director Finance position seeks out opportunities for ongoing automation and efficiency and interfaces with all levels across the organization and with external vendors to ensure efficient and effective service delivery.
The Director position responsibilities include overseeing the activities of the department staff, ensuring quality, productivity, functional excellence and efficiency to accomplish strategic and operational objectives. In addition, this position is accountable for employee engagement, adequate staffing levels, budget development and compliance, staffing decisions such as hiring and terminating employment, coaching and counseling employees on work related performance, and developing and implementing policies and procedures to ensure a safe and effective work environment. This position also ensures training, monitoring and operations initiatives are implemented which secure compliance with ethical and legal business practices and accreditation/ regulatory/government regulations.
- Directs, develops and implements strategic and operational/high level projects and processes either through independent/highly autonomous work or through the facilitation of work teams to enable the effective and efficient completion of objectives.
- Oversees management of and ensures development for staff to meet overall objectives in terms of quality, service and cost effectiveness. Provides timely guidance and feedback to help others strengthen specific knowledge/skill areas needed to accomplish a task or solve a problem. Directs management responsibilities of selection, scheduling, supervision, retention, and evaluation of employees.
- Meets or exceeds threshold goal for department turnover and/or system metrics on employee engagement indicators.
- Provides leadership and communication to maintain a competent and engaged employee group by conducting regular department meetings to review policies and procedures and operational matters, rounding on all employees, completing performance appraisals, conducting new hire feedback sessions, coaching/corrective counseling, and providing recognition/commendations to achieve desired outcomes.
- Identifies opportunities and takes action to build strategic relationships between one's area and other areas, teams, departments, and units to achieve business goals. Drives the promotion of teamwork within and between departments; participates and/or leads and facilitates department process improvements as needed.
- Partners effectively with internal and external parties to ensure cost effective and efficient financials and payables processes.
- Oversees department operations, designated projects, schedules and activities as needed to ensure that goals or objectives are accomplished within the prescribed time frame. Sets priorities and functional standards, giving direction to staff as necessary to ensure the best possible delivery of service and high customer/patient satisfaction.
- Drives department service standards and activities to impact department and/or system score for patient/customer-based satisfaction, through role modeling and fostering accountability. Serves and actively participates on various entity committees as a voice for the department.
- Directs the preparation of financial statements, financial reports, special analyses and information reports. Ensures accuracy.
- Ensures a safe and effective working environment; monitors and/or revises the department safety plan and/or any specific accreditation/regulatory required safety guidelines. Responsible for staff maintenance of credentials and competencies, per accrediting/ licensing agency and/or department guidelines as applicable.
- Employs a proactive approach in the optimization of safe outcomes and information systems by monitoring and improving the department workflow and enhancing operations, using peer-to-peer accountability and identifying solutions via collaboration. Implements process improvements utilizing tools such as lean principles. Role models situational awareness, using teachable moments to improve safety.
- Responsible for employee compliance to policies and procedures and performs associated actions upon non-compliance (i.e., licensure/certification compliance, focal point review requirements, disaster plan, in-services, influenza immunization, wage and hour, standard hours, timely termination submission, timely timecard approval, etc.).
- Ensures adherence to internal control policies and procedures. Supports internal and external audits. Partners across Houston Methodist to support cost-effective, efficient and value added financial operations.
- Designs, documents and implements procedures to ensure quality payable processing.
- Develops and manages department operational and capital budgets, approvals, and ongoing maintenance of the department(s), ensuring operation in a cost-effective manner. Proactively identifies and plans for capital needs related to current equipment and future department projects. Ensures staffing plans and schedules meet department needs that reflect understanding of the importance of cost-effectiveness.
- Creates department strategies to achieve financial target and staffing needs, through optimizing productivity, supply/resource efficiency, minimizing incidental overtime and overtime percentage, and other areas according to department specifications.
- Acts as a critical resource in the development and monitoring of annual operating budget and ensures effective compliance.
- Coordinates monthly and year-end processing and vendor 1099 and other required regulatory reporting.
- Observes expense variances accounts, departments and service lines to identify errors or opportunities for cost reduction. Provides decision making support related to resource allocation for departments and executives using labor productivity, overtime, and contract labor data.
- Identifies and implements innovative solutions for practice or workflow changes to improve department, entity or system operations by leading unit projects and/or other department/ system-directed activities. Proactively leads task forces and committees. May represent HM at assigned community or professional organization meetings.
- Drives change initiatives, maintaining effectiveness when experiencing major changes in work responsibilities or environment; adjusts effectively to work within new work structures, processes, requirements or cultures. Partners effectively with stakeholders as appropriate.
- Ensures own career discussions occur with appropriate management. Completes and updates My Development Plan (MDP) on an on-going basis. Conducts conversations with staff on their development and MDP.
- Participates in workgroups to enhance the financial processes and software systems that support strategic goals of Houston Methodist.
- Analyzes and assesses present and future needs, trends, challenges and opportunities related to hospital operations. Makes recommendations to executive leadership. Proactively leads the Finance division by interpreting results and trends and taking a proactive role in solution development.
- Actively supports the analysis of growth opportunities including business case formulation and providing input on key assumptions utilized in forecasting and proforma development.
- Bachelor's degree in accounting, Business, Finance or related field
- Master's degree preferred
- Five years of progressively responsible experience in finance, of which two years must have been in a people management role. May consider Houston Methodist employee with five years of progressively responsible experience in applicable field, at least two of which must have been in a role that demonstrates progressive leadership responsibility.
Job Summary
Full Time
Ambulatory Healthcare Services
$179k-242k (estimate)
05/13/2024
07/20/2024
houstonmethodist.org
CYPRESS, TX
7,500 - 15,000
2010
GABRIELA NICOLA
$5B - $10B
Ambulatory Healthcare Services
Related Companies
The job skills required for Director Finance include Accounting, Leadership, Financial Statements, Accounts Payable, Internal Control, Initiative, etc. Having related job skills and expertise will give you an advantage when applying to be a Director Finance. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director Finance. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Director Finance positions, which can be used as a reference in future career path planning. As a Director Finance, it can be promoted into senior positions as a Top Division Financial Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director Finance. You can explore the career advancement for a Director Finance below and select your interested title to get hiring information.
If you are interested in becoming a Director Finance, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director Finance for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Director Finance job description and responsibilities
They create and maintain an organisation's financial strategy for generating revenue and oversee the accounting and finance operations.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Director Finance jobs
Strategic and analytical skills.
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Outstanding communication and interpersonal abilities.
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Excellent organizational and leadership skills.
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Keep communication open and honest.
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Expand critical thinking skills.
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Step 3: View the best colleges and universities for Director Finance.
