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The position is responsible for the financial oversight and coordination of activities across WVU Hospitals (WVUH), University Health Associates (UHA), and the associated entities and service lines. This includes overseeing financial reporting, budget development, variance analysis, financial forecasting, and margin improvement initiatives. Additionally, the role provides leadership in financial support for both the clinical and research aspects of these entities and service lines, ensuring accurate budgeting and strong monitoring of financial performance. Serving as a key financial leader, the individual will collaborate closely with various leadership teams as appropriate, providing strategic financial insights to drive decisions. The position also leads a team of financial and business analysts and accountants in providing day-to-day financial support to service line and hospital leadership, ensuring effective financial management across the organization.
Job Description
MINIMUM QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1. Bachelor’s degree in accounting, finance, or business administration.
EXPERIENCE:
1. Ten (10) years of experience in accounting/finance field, including five (5) years with demonstrated leadership and supervisory experience.
PREFERRED QUALIFICATIONS:
EDUCATION, CERTIFICATION, AND/OR LICENSURE:
1. Certified Public Accountant (CPA) OR Master’s degree in accounting, finance, or business administration.
EXPERIENCE:
1. Experience in Healthcare, Health Insurance, or Research Industry
CORE DUTIES AND RESPONSIBILITIES: The statements described here are intended to describe the general nature of work being performed by people assigned to this position. They are not intended to be constructed as an all-inclusive list of all responsibilities and duties. Other duties may be assigned.
1. Provides financial leadership support for strategic and tactical planning to the leadership team of the appropriate entity or service line, including partnering with operational and finance teams to development short term and long term financial and operational plans required to strengthen financial performance.
2. Oversees the monitoring of the entity’s or service line’s financial performance, achievement of financial goals, and identification and execution of margin improvement opportunities.
3. Serves as the financial lead working with the respective Foundation leadership, supporting appropriate organizational goals and development efforts, including ensuring sound financial policies and processes to ensure achievement of longer-term development goals. Maximizes the impact of foundation funding to support programs, patient access, research, and teaching goals.
4. Partners with the entity or service line leadership team in support of ongoing capital planning efforts including oversight of the capital budget process in collaboration with directors and managers in accordance with WVUH and UHA capital budget procedures and policies.
5. Leads the ongoing review and overall financial performance updates to the appropriate leadership team, including conducting comprehensive financial analysis, evaluation of performance against targets and providing actionable insights to leadership.
6. Facilitates the entity’s or service line’s annual strategy and operating budget process in collaboration with the leadership team.
7. Leads and manages complex financial statement reporting and investment projects in collaboration with leadership, foundation, and hospital organizations.
8. Leads the establishment of robust financial processes and protocol for the entity’s or service line’s research and commercialization business as appropriate, including analyzing new opportunities, forecasting, monitoring and reporting financial results.
9. Leads day to day financial operations for the entity or service line, including serving as liaison to revenue cycle departments for both WVUH & UHA
10. Oversees the capital budget process with directors and managers in accordance with WVUH and UHA capital budget procedures and policies.
11. Oversees ongoing actual-to-budget variance analysis and forecasting. Communicates directly with appropriate leadership regarding large or negative variances.
12. Continuously identifies budget performance improvement and margin enhancement opportunities and communicate to Finance and administrative leadership.
13. Directs and evaluates financial processes to maximize efficiency in daily Finance operations.
14. Coordinates the completion of financial analysis related to and in support of new services, provider and staffing needs, and long-term strategic initiatives.
15. Serves as the primary Finance liaison to shared service departments.
16. Oversees the work and development of the financial analysts responsible for producing financial statements, efficiency reports, and key performance metrics including but not limited to inpatient services, outpatient ambulatory, and procedural services.
17. Promotes teaching and learning goals of the appropriate entity or service line as coordinator of fiscal spend and budgets for applicable programs; and models fiscal needs of programs to attract external sponsorship for program growth as appropriate for the service line.
18. Supports financial goals through sound provider contracting, routine review of inter-organizational and external service agreements, provider targets and onboarding with focus on expeditious provider credentialing, privileging, licensing, and payor enrollment.
PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. May need to sit during extended periods of time.
WORKING ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Standard office environment.
SKILLS AND ABILITIES:
1. Ability to work with computer databases and spreadsheet software
2. Strong organizational skills and attention to detail
3. Ability to multi-task and work in a challenging fast paced environment
4. Excellent written and verbal communication skills
5. Independent worker and analytical thinker with ability to conduct research, data analysis and resolve complex problems
Additional Job Description:
Scheduled Weekly Hours:
40
Shift:
Exempt/Non-Exempt:
United States of America (Exempt)
Company:
WVUH West Virginia University Hospitals
Cost Center:
132 WVUH HVI Admin
Address:
1 Medical Center DriveMorgantownWest Virginia
WVU Medicine is proud to be an Equal Opportunity employer. We value diversity among our workforce and invite applications from all qualified applicants regardless of race, ethnicity, culture, gender, sexual orientation, sexual identity, gender identity and expression, socioeconomic status, language, national origin, religious affiliation, spiritual practice, age, mental and physical ability/disability or Veteran status.
