How have YOU impacted someone's life today? At Hackensack Meridian Health our teams are focused on changing the lives of our patients by providing the highest level of care each and every day. From our hospitals, rehab centers and occupational health teams to our long-term care centers and at-home care capabilities, our complete spectrum of services will allow you to apply your skills in multiple settings while building your career, all within New Jersey's premier healthcare system.

The Director, Budget & Revenue Analytics is fully responsible for establishing goals, objectives, policies, procedures and priorities related to activities of the department. Conducts and develops the annual operating budget for Hackensack Meridian Health (HMH) and all of its affiliates. Responsible for monthly valuation and presentation to Executive Management of patient revenue and accounts receivable; monitors revenues and statistics for conformance to budget; develops recommendations for adjustments. Also coordinates detailed financial research and analysis related to the HMH budget, special reports and other areas as required. Responsible for: monitoring the budget status/ledger reports and revenues of HMH; assists various budgeting departments for submission of accurate and viable budget proposals.

A day in the life of a Director, Budget & Revenue Analytics at Hackensack Meridian Health includes:

• Directly responsible for monthly valuation of patient revenue and accounts receivable as well as analysis of variances and trends for presentation to Executive Management.
• Works directly with IT Business Intelligence team and directs the integration of new hospitals revenue models, accounts receivable models and statistical reports. Ensures data integrity and accuracy in reporting.
• Directs annual budget process to facilitate interaction, accurate information, timeliness and management of income and cash flow expectations.
• Develops annual revenue budget calendar and format of budget process and procedures and provides departments with budget information and forms.
• Monitors statistics, revenues and account receivables (AR) to conform to budget and recommends to senior management necessary changes and corrections to the current year's appropriations.
• Implements effective mechanisms for the review of department revenue and statistical budgets to identify opportunities to more effectively deploy HMH's financial resources.
• Performs financial forecasting; Analyzes trends, costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses.
• Develops and maintains long-range budgetary financial models.
• Provides budget estimates with future years' revenue and cost projections as necessary. Assists as necessary in the preparation of financial reports, grant applications, and other reports.
• Assists in the development of and oversees the integrity of monthly AR Realization, Cash vs Revenue, and Subsequent Cash modeling.
• Establishes and maintains procedures for acquiring, compiling and reporting accurate key operating and financial statistics to include monthly details.
• Establishes and maintains regular reporting protocols to ensure that all levels of management receive and understand their relevant budget data on a timely basis.
• Has direct report responsibility for all members of the revenue analytics staff and provides appropriate and adequate training, mentoring and day-to-day guidance for regular and ad hoc duties. Arranges for routine training and external educational opportunities for all staff and assists them with career development opportunities.
• Works directly with external auditors to support the annual audit process. Provides requested documents as well as analysis of revenue, AR and related requests.
• Ongoing review of credit balances and revenue recognition.
• Monitor and maintain bad debt expenses and reserves.
• Facilitates multi-disciplinary meetings with departments including Managed Care, Patient Financial Services and General Accounting to discuss issues that may impact revenue valuation.
• Other duties and/or projects as assigned.
• Adheres to HMH Organizational and Managerial competencies and standards of behavior.

Education, Knowledge, Skills and Abilities Required:

• Bachelor's degree in Finance, Business or Accounting.
• Ten or more years of demonstrated, increasing levels of responsibility in a financial setting.
• Five or more years of experience in a large accounting management environment with project management and planning responsibilities.
• Five or more years of managerial experience including planning work activities, goal setting and performance management.
• Health care experience.
• Knowledge of Financial Information Systems.
• Strong relationship development skills and be an excellent collaborator across the organization.
• Strong business acumen and results orientation.
• Ability to build strong relationships and work on cross-functional teams, and have excellent process/project management skills.
• Ability to negotiate and persuade groups with diverse perspectives to gain cooperation and achieve objectives, influence at all levels, including senior leaders.
• Strong leadership skills including the ability to articulate and defend a point of view.

Education, Knowledge, Skills and Abilities Preferred:

• Master's degree in Business administration.

Licenses and Certifications Required:

• Certified Public Accountant (CPA) License. 

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!