Executive Director of Hospital Finance and Administration bei Tamus

Job Title

Executive Director of Hospital Finance and Administration

Agency

Texas A&M University

Department

Finance - College of Veterinary Medicine

Proposed Minimum Salary

Commensurate

Job Location

College Station, Texas

Job Type

Staff

Job Description

A Glimpse of the Job

The primary responsibility of the Executive Director of Hospital Finance and Business Operations is to assist and advise the Associate Dean for Hospital Operations on financial, strategic, and business services for the Veterinary Medical Teaching Hospital. The Executive Director of Hospital Finance and Business Operations provides strategic direction and overall hospital financial management. The Executive Director works closely with the Hospital Board of Directors and College and University financial leadership to ensures the Veterinary Medical Teaching Hospital’s resources are deployed in the most efficient manner possible to maximize the financial health, strategic initiatives, and future viability of the hospital while anticipating and minimizing internal and external risk to the teaching, research, and service missions of the hospital.

Essential Duties/Tasks

Leadership and Personnel Management

• Responsibility for management, oversight, and planning of the Veterinary Medical Teaching Hospital’s (VMTH) financial and operations

• Hires, evaluates, and supervises finance staff within the finance team. Develops standard procedures for finance staff to follow and ensures best practices are followed to maintain consistency across all departments

• Establishes key performance metrics to evaluate and measure performance of the finance team in the areas of customer satisfaction, productivity, efficiency, service quality, and service value

• Monitors performance and takes action to ensure appropriate staffing and performance levels are maintained

• Develop and implement strategic planning specific to financial organization within the Hospital

• Participate as an active member of the Hospital leadership team

• Represent the Associate Dean for Hospital Operations in their absence

• Collaborate on making key administrative decisions in the VMTH

• Serve on various Hospital, College, and University committees, as well act as the liaison from the Hospital to the University in key areas

• Assist the Associate Dean in directing hospital administrative personnel and help provide leadership and vision for the administrative team and Hospital

• Assist in development and assessment of Hospital metrics

• Annual review of budgeted positions and financial implementation of market analysis for hospital personnel to maintain competitive salaries with specialty veterinary and human hospitals

• Strategic management and planning for capital expenditures such as equipment and on-going service contracts

Data Reporting and Compliance

• Responsible for the dissemination of information regarding financial and budgetary matters for the hospital

• Ensure that programs, activities, and services comply with University, State, and Federal regulations and make recommendations for policies, regulations, rules, and compliance

• Monitor the dynamics of the financial and administrative condition of the Hospital; formulate and implement necessary adjustments

• Coordinates the preparation and administration of the annual Hospital operating budget and provide long-range budget planning expertise and strategies

• Provide regular financial reports, analyses, and projections as needed to the Associate Dean, Hospital Board, Executive Committee, and Dean

• Reconciles the University accounting system (FAMIS) with the Hospital accounting system (VMIS)

Financial Operations Management

• Directs and manages the hospital financial and business operations. Approves purchases, reviews reconciliations, monitors financial conditions, and takes appropriate steps to implement corrective actions

• Reviews and approves department financial documents requiring department head approval and signature authority as delegated. Liaises with college leadership to ensure the strategy is aligned with the organizational mission

• Proposes solutions to complex financial, business, and personnel issues

• Ensures the Hospital maintains at least 3 months of income to continue operations in the event of a major economic downturn

• Responsible for ensuring hospital finances are able to support 365 annual operating days 24 hours a day including central receiving and purchasing support

What you need to know

Salary: Commensurate

Special Instructions: A cover letter and resume are strongly recommended. You may upload these in the CV/Resume section.

Required Education and Experience and Experience

• Bachelor’s degree in applicable field or equivalent combination of education and experience

• Ten years of business finance experience or related

Preferred Qualifications

• Ten years of experience in a hospital financial environment or ten years of related experience in an academic setting

• Master’s degree in related field or equivalent combination of education and experience

Knowledge, Skills, and Abilities

• Able to work independently and implement policies

• Excellent communication skills, ability to train, develop and streamline processes

Other Requirements and Factors

• This a supervisory position that has the authority to hire employees

• Recommendations for hiring, termination or other change of employment status are given strong consideration

All positions are security-sensitive. Applicants are subject to a criminal history investigation, and employment is contingent upon the institution’s verification of credentials and/or other information required by the institution’s procedures, including the completion of the criminal history check.

Equal Opportunity/Veterans/Disability Employer.

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