What are the responsibilities and job description for the Executive Director of Finance position at Johns Hopkins Medicine?
Job Responsibilities:
The Executive Director of Finance oversees financial operations for The Johns Hopkins Hospital. This position will provide strategic leadership and direction for all financial aspects and will provide senior management with financial reports and overall financial management necessary for the fiscally prudent operation of each of its clinical, administrative, and support areas. The position will be an integral part of the hospital management committee and will ensure the development of a strong finance team through the mentoring of key individuals within the department.
Role Accountabilities Include
- Development and review of the functional area(s)’ finance staff. Manages staff and has responsibility for hiring, firing, and performance management
- Provide financial guidance and consultation to senior management and key stakeholders, including recommendations of strategic investments
- Develop annual operating and capital budgets within agreed upon targets. ensuring that the combined whole is accurate and complete. Monitor and address budget variances
- Financial analysis of actual and budgeted performance
- Production and maintenance of the monthly financial statements and reports
- Partner with key stakeholders across the Johns Hopkins Health System to achieve strategic and operational objectives
- Responsible for using a data driven approach to assess new opportunities in the context of market demand and financial/resource investment feasibility within the service region
- Program/product development and business plan analysis
- Develop and/or monitor compliance with JHH and JHHS financial policies, internal controls, and internal audit recommendations
- Oversee hospital performance improvement initiatives and make recommendations for course correction
- Resolve issues that block process; Identify appropriate communication channels; Primary responsibility for financial issues of assigned JHM entities; Must ensure accuracy of data and quality of service. Utilize techniques of financial analysis to identify, plan, develop, implement and monitor financial strategies and resolutions to problem areas
- Develop and interpret a variety of financial reports which may include: Income statements, balance sheets, statement of cash flows; Ratio interpretation, financial performance monitoring
Qualifications:
- BS/BA in Accounting, Finance, or related field required. CPA or Master’s degree strongly preferred.
- Minimum ten years progressive experience in Business and Finance preferably in an academic medical center. Physician practice management experience desirable. 5-7 years of management experience with significant business impact.
Salary Range: $205,000 to $260,000 per year. Compensation will be commensurate with equity and experience for roles of similar scope and responsibility.
We are committed to creating a welcoming and inclusive environment, where we embrace and celebrate our differences, where all employees feel valued, contribute to our mission of serving the community, and engage in equitable healthcare delivery and workforce practices.
Johns Hopkins Health System and its affiliates are drug-free workplace employers.
Salary : $205,000 - $260,000