ASSISTANT DIRECTOR OF REVENUE, School of Medicine, Department of Medicine (24500616890229)

ASSISTANT DIRECTOR OF REVENUE, School of Medicine, Department of Medicine

Tracking Code: 24500616890229

Reporting to Sr. Director of Revenue, Financial Operations, Budgeting and Strategy, the Assistant Director of Revenue facilitates all aspects of departmental financial operations, including a $140M annual operating budget, a $35M investment portfolio, and a $7.0M endowment income and expenditure, involving collaboration with Boston Medical Center, Boston University, Faculty Practice Foundation, and sponsored institutions. The role includes developing financial models and managing projects in support of financial planning, budgeting, and strategy. The position involves analyzing financial information and developing revenue/expense analyses, projections, reports, and presentations. This position will work with hospital and physician leadership, finance staff, department managers, administrators, and others.

Position Essential Functions:

• Finance & Project Management:
• Assist in oversight of the finances of 18 sections including 10 clinical and 4 research sections within the Department of Medicine.
• Assist in management of $34M in CARE+ funding and an endowment of $7M annually including adherence to regulatory requirements.
• In coordination with Senior Director, develop standard financial and operational metrics to assist Section Chiefs, Center Directors, and Administrators in monitoring clinical, educational, and research performance.
• Develop and maintain dashboards and reporting for assigned projects.
• Work with Section Administrators, DOM Finance, and Administration to ensure accuracy.
• Collaborate with FPP Internal Audit staff as required.
• Create, prepare, and review monthly financial and statistical reports regarding hospital funding, financial statements, payroll analysis, endowment funding, and other key financial indicators of department performance.
• Develop training materials, best practices, and documentation for end users (INFOR, Workday, BU SAP).
• Communicate with and meet with sections on an as-needed basis.
• Work with IT and INFOR to make necessary updates and improvements to the accounting system.
• Provide ongoing validation and reconciliation of data within applications, budget reconciliation, payroll reconciliation, etc.
• Identify and troubleshoot data discrepancies with appropriate parties.
• Develop a deep understanding of data extracts and how data layers are stitched together.
• Work with and act as liaison to BMC, BU, BUMG.

Budgeting:

• Develop and implement annual section budgets in conjunction with section administrative directors, Vice Chair of Finance and Administration, and Department Chair.
• Design, maintain, and analyze actual to budget reporting distributed at multiple levels throughout the organization.
• Work with Directors to develop budgets, analyze variances, and develop action plans.
• Work with Directors in developing and refreshing annual compensation models.

Strategic Planning:

• Facilitate financial forecasting and planning for leadership, including budgeting and forecasting models, financial analyses.
• Support Sr. Director in developing and implementing strategic initiatives.
• Complete analyses and provide recommendations for Cash Flow and Professorship Funding.
• Assist in analyzing financial implications of organizational change.
• Work closely with Chair, Vice Chair, and Sr. Director to execute departmental goals.
• Support implementation of new processes/systems (Infor, AP, New BU I/Os).
• Contribute in negotiations with hospital partners for mutually beneficial cost-sharing arrangements (CARE+).
• Participate in ad-hoc departmental projects as needed.

Required Skills:

• Advanced communication skills, written and oral.
• Strong Microsoft Excel skills.
• Master's Degree required.
• Supervisory and management experience preferred.
• Minimum 5 years of relevant work experience; advanced financial and/or research management experience is a plus.

Please note all newly hired staff and faculty will need to be in compliance with Boston University’s COVID-19 Vaccination and Booster Requirement within 30 days of the date of hire. You must upload your vaccine documentation or request a medical or religious exemption. For further information on the University’s response to COVID-19, please visit the COVID-19 Resources site.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, natural or protective hairstyle, religion, sex, age, national origin, physical or mental disability, sexual orientation, gender identity, genetic information, military service, pregnancy or pregnancy-related condition, or because of marital, parental, or veteran status. We are a VEVRAA Federal Contractor.

Job Location: BOSTON, Massachusetts, United States

Position Type: Full-Time/Regular