Senior Director, Finance Pharmacy

Excellent Senior Director Opportunity for a Healthcare CPA

  • Boston, MA
  • $110,000 - $115,000
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A bit about us:

Renowned and well recognized hospital in Boston is looking for a Senior Director of Finance with healthcare experience.
This is a recognized Magnet hospital with top tier benefits.
This is and opportunity to work for one of the largest hospitals in New England.

If you are interested in working with an established health care system please reach out to me at:

949.946.4847– Feel free to call or text
Michael.Gartman@jobot.com – Feel free to send a confidential resume

Why join us?

  • Amazing benefits!
  • Enormous Growth Opportunities
  • Great culture
  • Growth Opportunities

Job Details

This role requires:

Expertise and advance experience in financial modeling: Sr. Director must have expert quantitative analysis and critical reasoning skills to structure and carry out analyses, including ability to understand complex contracts and design and execute complex financial analyses (e.g.. dynamic modeling in Excel). Experience in financial services firms preferred.
Managerial deft: Position includes leading a growing team which currently has a support staff of 9 employees, including a Sr. Manager of Revenue Cycle and several analysts. The candidate must have the ability to develop and mentor team members in a fast paced, complex environment while staying up to date on the market and strategic vision of our health system and marshalling team resources toward those ends.
Familiarity with routine FP&A processes: The Sr. Director is the quarterback of the monthly accounting close and leads the preparation of the annual operating budget and quarterly forecast. A background in retail pharmacy operations, billing and reimbursement is a plus. A comfort level in working closely with accounting partners and proven success in building financial controls, particularly for the national for-profit pharmacy managed services company, which includes understanding for-profit tax complexities is preferred. Additionally, must understand and communicate the economic contribution of the business, especially under different scenarios.
Communications ability: Must be highly effective at communicating with various department leaders including accounting and budget, legal and IT. Role also requires close coordination with health plan pharmacy leads on key assumptions that impact the business, and coordination with Revenue Cycle Management (for proactive identification of AR issues). Ideal candidate has superb communication skills to distill complicated issues into clear recommendations, as well as strong interpersonal skills to navigate competing stakeholder interests
Confidence and adaptability to tackle complex and unstructured problems: Beyond the ability to think on one's feet, the role requires a natural curiosity and willingness to take ownership in going beyond the obvious to understand the "why" of the drivers of our economic reality, and leading analysis to identify the hidden issues (e.g. pointing out issues like: concentration of revenue, excessive costs/buying, FTE growth and "runaway hiring," etc.)
Ability to organize and structure work: Beyond being a self-starter with ability to work under high pressure and prioritize staff and resources to meet competing deadlines, the role requires the ability to look at what's required, develop an efficient critical path, and tactfully break work into work streams and resources (human capital and otherwise) required to meet goals.
Optimize data and workflows: Critical to this role is an understanding of data from various software and systems to ensure integrity of revenue and expenses. For example the team relies heavily on Access databases, SQL, and Infor. In addition to a broad understanding of where data lives and how it is structured, the role requires the ability to build processes, design standard operating procedures, optimize workflows and lead KPI Development for managing the health of the business (including leading indicators, metrics to drive better operations, etc.)

ESSENTIAL RESPONSIBILITIES / DUTIES:

The Sr. Director will be responsible for understanding all financial elements of the Pharmacy and be able to communicate a clear narrative of the business by guiding a team that:
Prepares monthly revenue entries across all locations and contract pharmacy clients
Manages end to end Revenue Cycle process, including cash reconciliation, A/R, rebilling, and compliance
Tracks all 340B drug spend, from distributer and non-distributer sources to ensure accuracy in coordination with accounting
Monitors labor spend and position control
Creates client specific P&Ls for Community Health Center (CHC) partners, including overhead allocations and purchase order management
Creates a thorough slide presentation monthly, including standard analytics and ad-hoc variance analysis
Prepares annual operating budget at the cost center level and continuously updates a rolling forecast
Ensures contract compliance with contract pharmacy partners, including identifying eligible claims for fee calculations
Regularly collaborates with accounting on annual inventory, audit, and UBIT filings

The Sr. Director is required to become the curator of large Pharmacy finance data sets across multiple disparate databases to ensure accurate measurement of performance across many KPIs, including:
340b vs WAC split and new drug distributer impact
Productivity and labor management
PBM fees and contract adherence
Revenue, expense and gross margins per script or NDC
Payor shifts and rate changes
Profitability by pharmacy location and service line

The Sr. Director has to leverage business expertise to drive strategic planning and opportunities by:
Developing sophisticated financial models with pharmacy operations for performance improvement
Identifying opportunities in current processes, including optimizing the revenue cycle process and data integration
Leading capital planning initiatives related to Pharmacy
Being the Finance presence during State negotiations on Pharmacy economics and rate negotiations with Payors

EDUCATION:

Bachelor's degree in Business Administration, Finance, Accounting, or related field. Master's degree in business administration or advanced degree in related field preferred. CPA/CFA required

CERTIFICATES, LICENSES, REGISTRATIONS REQUIRED:

CPA or CFA required

EXPERIENCE:

7-10 years of relevant work experience in accounting and/ or finance management required

Experience working in health care finance and/or retail pharmacy industry preferred

4-6 years of management experience required.

KNOWLEDGE AND SKILLS:

Advanced MS Excel, Word, Access, and PowerPoint skills. Expertise in SQL recommended.
High level of analytical, quantitative and problem-solving skills in order to function as business manager, and to prepare financial proposals, budget plans, reports and analysis in support of programs and activities
Knowledge of retail pharmacy business preferred.
Requires a comprehensive knowledge of accounting, finance, general accounting practices and business administration.
Strong interpersonal skills and ability to work collaboratively across various business units' hierarchy and functions.
Ability to assess needs quickly and identify logical solutions.
Ability to successfully lead projects, set priorities, meet deadlines, and multi-task.
Ability to balance multiple projects at one time.
Ability to conduct detailed analysis, as well as distill relevant findings for presentation to high-level audience.
Exceptional verbal and written communication and presentation abilities.
Comfort in interfacing with senior level leadership.
Experience in translating and communicating key analyses and assumptions in concise fashion to Senior Management for decision making purposes.
Enjoys working on teams.
Desire to learn and grow within the organization.
Ability to operate effectively in a fast-paced, constantly changing environment.
A natural curiosity and energetic, creative, and collaborative approach to working and problem solving.
A balance of patience and perseverance necessary to affect change in a large and complex organization.

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Job Details
Managed by Jobot Pro
Location
Boston, MA
Job Type
Permanent
Compensation
$110,000 - $115,000