Assistant Vice President, Financial Reporting and Budget Operations

MedStar Georgetown University Hospital & Medical Center

Introduction
MedStar Georgetown University Hospital (MGUH) in Washington D.C. has begun a search for two key roles, reporting directly to the MGUH Vice President and Chief Financial Officer.

Walling, June and Associates is a 30+ year boutique national management consulting and executive search firm based in Baltimore-D.C. We have a broad and diverse national healthcare practice

Walling, June & Associates is conducting a formal concentrated search for these positions:

  • Assistant Vice President, Financial Reporting and Budget Operations
  • Assistant Vice President, Financial Planning and New Business Ventures

Job Description

Assistant Vice President, Financial Reporting and Budget Operations

Major responsibilities for this position include:

  • Develops, monitors, and maintains the annual operating and capital budgets by way of analyzing the current financial data, forecasting future trends, anticipating organizational and external reimbursement changes, and recommending alternative financial strategies to ensure the continued financial robust growth of the hospital and affiliated entities
  • Ensures the accurate and timely development and issuance of monthly, quarterly, and annual financial statements in accordance with GAAP and system financial reporting policies and standards and provides proactive leadership in the development and continuous evaluation of the short and long-term strategic financial objectives of the hospital
  • Works collaboratively with corporate financial executives on system-wide reporting, compliance, revenue cycle, and budgeting and forecasting activities and operates as strategic business partner to department leadership across the enterprise
  • Contributes to revenue cycle activities and initiatives and develops and implements hospital systems to monitor and improve financial reporting, compliance, budgeting, data analysis, and reimbursement

Assistant Vice President, Financial Planning and New Business Ventures

Major responsibilities for this position include:

  • Develops, monitors, and enhances the hospital’s strategic planning and financial analysis process. Reviews and analyzes internal and external financial opportunities. Recommends specific action to strengthen existing internal programs and clinical services. Performs complex financial analyses and offers stakeholders recommendations on how to improve financial results.
  • Directs and conducts a wide variety of financial projects and activities at the request of the President and CFO including preparing objective market data analysis and financial due diligence on new opportunities. Uses state-of-the-art statistical/data driven financial modeling tools to carry out these responsibilities.
  • Analyzes and troubleshoots a wide variety of financial reporting systems. Recommends and implements appropriate corrective actions for service line programs. Provides financial direction and guidance to department heads, project, and support personnel. Prepares and analyzes financial reports and information for internal and external presentations to groups including executive staff, physicians, and clinical program leaders.
  • Provides the long-range strategic plan for assigned departments and services by way of analysis, forecasting trends, anticipating organizational changes, and recommending alternative strategies to ensure continued success.

Anyone interested can review the full position descriptions on www.wallingjune.com

Required Qualifications

Requirements for the AVP, Financial Reporting and Budget Operations position include:

  • 6+ years of hands-on healthcare finance and accounting experience.
  • Prior financial and accounting experience in an academic or tertiary care hospital is highly desired.
  • Experience in public accounting will be considered. Hands-on experience in financial statement preparation, budgeting, forecasting, financial compliance reporting, and decision support systems is required.
  • This position requires a high energy, committed financial professional who thrives in a team oriented, “results driven”, demanding, complex healthcare organization.
  • This highly visible position requires an individual who has the confidence and leadership skills to successfully work with a wide spectrum of hospital administrators, clinicians, and corporate executives.
  • Educational requirements includes a B.S. degree in Accounting or Finance; an MBA is a plus; a CPA is preferred but not required.

Requirements for the AVP, Financial Planning and New Business Ventures position include:

  • Requirements for this newly created position include 6+ years of hands-on healthcare finance and business development experience.
  • Prior financial experience in an academic or tertiary care hospital is highly desired.
  • Experience in public accounting or healthcare consulting will also be considered.
  • Hands-on experience doing due diligence analysis on healthcare acquisition is required.
  • Current hands-on experience with decision support systems is a must.
  • This position requires a high energy, innovative, hands-on, outward thinking financial professional.
  • Ability to work in a complex, results-driven environment is a must. This highly visible position requires an individual who has the personal confidence and leadership skills to successfully work with a wide spectrum of top-flight hospital administrators, clinicians, and corporate executives.
  • Educational requirements include a B.S. degree in Business or Finance; an MBA/MHA is a plus.

Education Qualifications

  • Educational requirements for the AVP, Financial Reporting & Budget Operations position include a B.S. degree in Accounting or Finance; an MBA is a plus; a CPA is preferred but not required.
  • Educational requirements for the AVP, Financial Planning & New Business Development position include a B.S. degree in Business or Finance; an MBA/MHA is a plus.

Compensation/Benefits

Compensation is market competitive and includes a top-notch fringe benefits and relocation program.

Instructions for Resume Submission

For confidential inquiries and for resume submission pertaining to the AVP Financial Reporting & Budget Operations position, please contact:

Mike Yudkin
Senior Search Associate
Walling, June & Associates
myudkin@wallingjune.com
(703) 360-2788 (private dd home office)

For confidential inquiries and for resume submittal pertaining to the AVP Financial Planning and New Business Ventures position, please contact:

Cliff Howe 
Senior Search Associate
Walling, June & Associates
(410) 263-3288
cliffordhowe@aol.com