Job Information
Atlantic Health System Manager, Finance in Morristown, New Jersey
Atlantic Health System is seeking a skilled Manager of Finance to join our team. The Manager of Finance will play a critical role in analyzing and interpreting financial data, contributing to strategic decision-making, and ensuring the hospital's financial health. The ideal candidate is curious about numbers, data, business, and healthcare; Operations-based mindset is a plus. This is an excellent opportunity to learn about a diverse range of hospital finances and be part of the core leadership team for the 735 licensed-bed flagship AHS hospital.
JOB DESCRIPTION
Collaborate with the CFO and Finance team to develop, monitor, and analyze financial performance metrics, budgets, and forecasts.
Generate detailed financial reports, including monthly, quarterly, and annual financial statements, variance analyses, and trend reports.
Conduct in-depth financial analysis to identify trends, outliers, and opportunities for cost savings or revenue enhancement.
Assist in preparation of annual operating budget for the site. Work with budget analyst and CFO in troubleshooting any issues.
Work with the accounting team to facilitate month end close and variance reporting.
Utilize cost accounting system to provide contribution margin analysis report to aid in strategic decision making.
Assist in the development and evaluation of strategic financial plans, capital expenditure proposals, and business cases for new initiatives.
Provide support in evaluating the financial impact of potential contracts, partnerships, and business development opportunities.
Monitor and assess key performance indicators (KPIs) related to hospital operations, revenue generation, and expense management.
Contribute to the preparation of financial presentations for executive leadership and board meetings.
Assist in the preparation of financial models and scenarios to support long-term financial planning and risk assessment.
Participate in the annual budgeting process, providing insights and recommendations to align budget allocations with strategic goals.
Support ad-hoc financial projects and initiatives as directed by the CFO.
Analyze the productivity metrics across MMC and assist departments (as needed).
Work with the CNO and Nursing Leadership in creating appropriate staffing plans.
Create and present educational sessions to hospital management as part of Fiscal Committee.
Update agency staffing template bi-weekly for the CFO.
Assist (as needed) with on-site productivity meetings with department leadership and staff.
Attend Daily Operational Huddle and speak to areas of financial concern.
Attend monthly Patient Care Management Council and present on Finance matters.
Attend monthly Fiscal Committee Meetings and inform team of Finance updates.
Oversee and review work done by finance team.
Stay informed about industry trends, regulations, and best practices in healthcare finance.
Other duties as assigned.
QUALIFICATIONS
Minimum Degree Required: Bachelor’s degree in Accounting or Finance
Minimum of 5-7 years of progressive experience in a managerial role, preferably within a healthcare or hospital environment.
Proficient with MS Office Applications.
Knowledge of Oracle, HPM, EPIC and Axiom strongly preferred.
Strong analytical skills with the ability to interpret complex financial data, identify trends, and provide actionable insights.
Proficiency in financial modeling, budgeting, and forecasting techniques.
Excellent communication skills, both written and verbal, with the ability to present financial information to non-financial stakeholders.
Advanced proficiency in Microsoft Excel and financial software applications.
Attention to detail, accuracy, and a strong sense of accountability.
Ability to work collaboratively in a fast-paced, dynamic environment.
Knowledge of healthcare regulations and reimbursement methodologies is advantageous.
Strong ethical standards and the ability to handle confidential information with discretion.
ABOUT US
At Atlantic Health System, our promise to our communities is; Anyone who enters one of our facilities, will receive the highest quality care delivered at the right time, at the right place, and at the right cost. This commitment is also echoed in the respect, development and opportunities we give to our more than 20,000 team members. Headquartered in Morristown, New Jersey, we are one of the leading non-profit health care systems in the nation. Our facilities and sites of care include:
Morristown Medical Center, Morristown, NJ
Overlook Medical Center, Summit, NJ
Newton Medical Center, Newton, NJ
Chilton Medical Center, Pompton Plains, NJ
Hackettstown Medical Center, Hackettstown, NJ
Goryeb Children's Hospital, Morristown, NJ
CentraState Healthcare System, Freehold, NJ
Atlantic Home Care and Hospice
Atlantic Mobile Health
Atlantic Rehabilitation
We also have more than 900 community-based healthcare providers affiliated through Atlantic Medical Group. Atlantic Accountable Care Organization is one of the largest ACOs in the nation, and we are a member of AllSpire Health Partners.
We have received awards and recognition for the services we have provided to our patients, team members and communities. Below are just a few of our accolades:
100 Best Companies to Work For ® and FORTUNE® magazine for 15 years
Best Places to Work in Healthcare - Modern Healthcare
150 Top Places to work in Healthcare - Becker's Healthcare
100 Accountable Care Organizations to Know - Becker's Hospital Review
Best Employers for Workers over 50 - AARP
Gold-Level "Well Workplace": Wellness Council of America (WELCOA)
One of the 100 Best Workplaces for “Millennials” Great Place to Work® and FORTUNE® magazine
One of the 20 Best Workplaces in Health Care: Great Place to Work® and FORTUNE® magazine
Official Health Care Partner of the New York Jets
NJ Sustainable Business
Morristown Medical Center is a nationally-recognized leader in cardiology and heart surgery, orthopedics, gynecology, geriatrics, gastroenterology and GI surgery, pulmonology and lung surgery, and urology.
We are the only hospital in New Jersey named one of America's '50 Best Hospitals' for six consecutive years by Healthgrades and one of the World's Best Hospitals by Newsweek. We were included on Becker's Healthcare 2020 list of "100 Great Hospitals in America". In addition, Leapfrog recognized us with an "A" hospital safety grade - its highest - twelve consecutive times, and the Centers for Medicare and Medicaid Services awarded us again with its highest five-start rating in 2020.
Morristown Medical Center is a Magnet Hospital for Excellence in Nursing Service, the highest level of recognition achievable from the American Nurses Credentialing Center for facilities that provide acute care services. Our nonprofit hospital was also designated a Level I Regional Trauma Center by the American College of Surgeons and a Level II by the State of NJ.
EEO STATEMENT
Atlantic Health System, Inc. is an equal employment opportunity employer and federal contractor or subcontractor and therefore abides by applicable laws to protect applicants and employees from discrimination in hiring, promotion, discharge, pay, fringe benefits, job training, classification, referral, and other aspects of employment, on the basis of race, color, religion, sex (including pregnancy, gender identity and sexual orientation), national origin, citizenship status, disability, age, genetics, or veteran status.