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Exemption Status:

Exempt

Schedule Details:

Monday through Friday

Scheduled Hours:

will vary

Shift:

1 - Day Shift, 8 Hours (United States of America)

Hours:

40

Cost Center:

99940 - 5510 Finance Administration

This position may have a signing bonus available a member of the Recruitment Team will confirm eligibility during the interview process.

Everyone Is a Caregiver

At UMass Memorial Health, everyone is a caregiver – regardless of their title or responsibilities. Exceptional patient care, academic excellence and leading-edge research make UMass Memorial the premier health system of Central Massachusetts, and a place where we can help you build the career you deserve. We are more than 16,000 employees, working together as one health system in a relentless pursuit of healing for our patients, community and each other. And everyone, in their own unique way, plays an important part, every day.

Reporting to the Senior Vice President of Finance, the Vice President of Finance will provide executive leadership within the Finance function for UMass Memorial. This position is responsible for overseeing financial planning & analysis (FP&A), business intelligence, and budgeting functions for all entities within UMass Memorial. As a shared service for the organization, this position will work collaboratively with the individual institutions to provide regular analysis of financial results. In addition, this position will be actively involved in ongoing process improvement efforts. The VP of Finance will work closely with senior leadership to drive financial performance, support strategic decision-making, and ensure the financial health of the organization.

I. Major Responsibilities:

1.    Leads the financial planning & analysis (FP&A) function, including forecasting, budgeting, and long-term financial planning.
2.    Oversees the business intelligence team to provide actionable insights and data-driven recommendations to support strategic initiatives.
3.    Develops and manages the annual operating and capital budgeting processes, ensuring alignment with organizational goals and objectives.
4.    Provides financial leadership and guidance to senior management, department heads, and other key stakeholders.
5.    Monitors financial performance and develop strategies to address variances and improve financial outcomes.
6.    Ensures compliance with all financial regulations and reporting requirements.
7.    Collaborates with other departments to support operational and strategic initiatives.
8.    Manages and mentors a team of finance professionals, fostering a culture of continuous improvement and professional development.
9.    Performs similar or other related duties as required or directed.

Standard Executive Level Responsibilities:  

1.    Directs and supervises assigned personnel including performance evaluations, scheduling, orientation, and training.  Makes recommendations on employee hires, transfers, promotions, demotions, discipline, terminations, and similar actions.
2.    Develops and recommends the budgets for the areas managed. Ensures adequate equipment and supplies for department. Manages activities to assure financial goals are met.
3.    Encourages and supports diverse views and approaches, demonstrates Standards of Respect, and contributes to creating and maintaining an environment of professionalism, respect, tolerance, civility and acceptance toward all employees, patients and visitors.
4.    Integrates diversity into departmental objectives, such as hiring, promotions, training, vendor selections, etc.
5.    Fosters the effective integration of efforts with system-wide initiatives. Participates in performance improvement initiatives and demonstrates the use of quality improvement in daily operations.
6.    Ensures compliance with regulatory agencies such as Joint Commission, DPH, etc.  Develops and maintains procedures necessary to meet regulatory requirements.
7.    Ensures that department complies with hospital established policies, quality assurance programs, safety, and infection control policies and procedures.
8.    Develops and maintains established departmental policies, procedures, and objectives.
9.    Ensures compliance to all health and safety regulations and requirements.

II. Qualifications:
License/Certification/Education:
Required:
1.    Bachelor's degree in Finance, Accounting, or a related field.
Preferred:
1.    MBA or CPA.

Experience/Skills:
Required:
1.    Minimum of 10 years of progressive experience in finance, with at least 5 years in a leadership role within a health care organization.
2.    Strong knowledge of financial planning & analysis (FP&A), business intelligence, and budgeting processes.
3.    Excellent analytical, problem-solving, and decision-making skills.
4.    Strong leadership and team management abilities.
5.    Exceptional communication and interpersonal skills.
6.    Ability to work effectively in a fast-paced, dynamic environment.
Preferred:
1.    Experience with Workday and Workday adaptive a plus.

III. Physical Demands and Working Conditions:

Work is considered (sedentary/light/medium, heavy, very heavy): Sedentary 

Is the majority of time spent dealing directly with patients (Y/N): N 

Hazardous: Position likely has exposure to needles, bodily fluids, sickness, potential violence, or other hazardous materials (Y/N): N

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

We’re striving to make respect a part of everything we do at UMass Memorial Health – for our patients, our community and each other. Our six Standards of Respect are: Acknowledge, Listen, Communicate, Be Responsive, Be a Team Player and Be Kind. If you share these Standards of Respect, we hope you will join our team and help us make respect our standard for everyone, every day.

As an equal opportunity and affirmative action employer, UMass Memorial Health recognizes the power of a diverse community and encourages applications from individuals with varied experiences, perspectives and backgrounds. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, gender identity and expression, protected veteran status or other status protected by law.

If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentacquisition@umassmemorial.org. We will make every effort to respond to your request for disability assistance as soon as possible.