Other Opportunities: Manager, Finance
| Reference # | 00375 |
| Posted | Friday, December 24th, 2021 at 12:00am |
| Scope | Public Applications Accepted |
| Position | Manager, Finance |
| Department | Finance |
| Term | Fulltime |
| Application Deadline | Friday, January 7th, 2022 at 12:00am |
WHY NHH: Exceptional Patient Care. Every Time.
At the Northumberland Hills Hospital, we are focused on nurturing health care professionals in an environment that is both progressive and supportive.
Approximately 100 kilometers east of Toronto, Northumberland Hills Hospital is located in Cobourg, Ontario, home to one of the top-rated beaches in the province, the Cobourg Beach. Guided by our core values of integrity, quality, respect, teamwork, and compassion, Northumberland Hills Hospital (NHH) delivers a broad range of acute, post-acute, outpatient and diagnostic services.
Members of our team enjoy both career success and lifestyle excellence due in large part to the time we take to ensure the work life of our employees is both fulfilling and rewarding. From flexible work hours, new graduate initiative supports, and student scholarships, to mentoring programs and opportunities for advancement, our aim is to help our staff members grow both personally and professionally.
If you enjoy working with dedicated specialists, using state-of-the-art equipment, and are looking for a supportive work environment, then you need look no further than the Northumberland Hills Hospital. We welcome your enthusiasm, your community spirit and your dedication to wellness in our local communities.
We are Stronger Together.
Position
MANAGER, FINANCE
Reporting to the Director of Finance and/or VP Finance and CFO , the Manager, Finance is responsible for month end activities such as revenue recognition, ministry and LHIN reporting and variance analysis, budgeting, forecasting and assisting the Director of Finance and/or VP Finance and CFO (“finance leadership”) on other ad-hoc projects. The Manager, Finance is a member of the leadership team at Northumberland Hills Hospital (NHH) and plays a pivotal role in the stewardship of financial resources at the hospital.
PRIMARY RESPONSIBILITIES
Leadership and Advice on Financial Information Issues
- Advises finance leadership on hospital financial matters, including financial results and monthly variance analysis.
- Assists in the preparation of the financial results and indicators, including operating results, financial position, budget to actual variances, forecasts, benchmarking and statistical indicators
- Recommends to the finance leadership areas to improve financial position, minimize expenses and maximize revenue or funding through the use of such tools as the Health Based Allocation Methodology (HBAM) tool
- Serves as a role model by creating an environment and culture that is consistent with the Hospital’s mission, vision and values
Financial and Statistical Reporting
- Ensures timely and accurate accounting treatment, reporting and disclosure of financial and statistical information to the finance leadership on a monthly basis and to the Central East Local Health Integration Network (CE LHIN) and/or Ministry of Health and Long-term Care (MOHLTC) and other government agencies (e.g. Cancer Care Ontario) as required on a quarterly basis
- Assists in yearend activities such as preparation of lead sheets and supporting schedules
- Prepares, analyzes and submits upon approval, year-end and quarterly supplementary information, including financial and statistical results to the CE LHIN and/or MOHLTC and other government agencies
- Prepares, analyzes and submits upon approval monthly, quarterly and year-end financial reports for other votes programs, including Mental Health and Regional Specialized Geriatric Services
Financial and Statistical Budgeting
- Working with the finance leadership, to establish the annual operating plan, capital plan, other votes and priority program budgets and any special projects budgets as required
- Upon approval by the Board, prepares and submits the Hospital Annual Planning Submission and the Community Annual Planning Submission, including all templates and narratives, to the CE LHIN as required
- Assists Decision Support and other program managers with any financial and/or statistical planning submissions for wait time funding or other special funding opportunities
- Monitors departmental financial performance on a monthly basis and implements corrective action for significant variances in a timely fashion to ensure efficient and effective use of limited resources within the departments
- Forecasts year-end departmental financial performance on a quarterly basis, including sound rationale and supported arguments for requests to change from approved budget
Data Quality and Internal Controls
- Reviews Quality Based Procedures (QBPs) reports to ensure accuracy of reporting and to advise of any potential impact to funding
- Facilities financial and statistical audits and studies being carried out by Administration, clinical departments and committees
- Strict adherence to policies and procedures, and internal controls are in place that meet standards of practice, legal, LHIN, Ministry and other reporting requirements
- Recommends improved internal control procedures where areas of weakness are discovered
QUALIFICATIONS
Education and Experience
- Required - graduate of a recognized post-secondary education program, preferably in Business Administration or Accounting
- Required- Professional accounting designation, Chartered Professional Accountant
- Minimum five (5) years current experience in a hospital setting, including a demonstrated understanding of hospital funding, operational planning and budgeting, MIS guidelines, MOHLTC/ LHIN reporting requirements, revenue and expenses
Skills and Abilities
- Demonstrated working knowledge of Canadian public sector accounting standards , in particular, those that pertain to not-for-profit organizations
- Excellent data analysis skills
- Advanced level excel skills (pivot tables, look ups and handling large data sets)
- Attention to detail and adherence to policy and protocol are required to ensure that standards are met
- Strict adherence to privacy and confidentiality standards are required
- Demonstrated critical, technical/analytical and factual thinking ability
- Excellent communication skills, written, verbal and interpersonal
- Knowledge of Ormed financial systems and Meditech computer systems is desirable
- Strong organizational and reporting skills