Finance plans, organizes, and oversees all activities related to financial management for Baylor Scott and White Health (BSWH), which may include financial planning and research, accounting, patient financial services, budgeting, external financing, treasury, investment, reimbursement, and financial and accounting systems. Develops, interprets, and implements financial concepts for financial planning and control. Performs in-depth study and assessment to calculate present and future financial performance for BSWH organizations and areas of responsibility. Provides financial oversight of major BSWH business initiatives. Gathers, examines, prepares, summarizes, and presents financial recommendations, which may include plans, proposals, trending reports, operating forecasts, joint venture structuring, and acquisition study. Performs research and studies in areas of rates of return, depreciations, revenue recognition, working capital requirements, investment opportunities, investment performance, and impact of government requirements. Establishes and implements policies and procedures related to financial operations and accounting practices. Develops programs and processes necessary to monitor and measure the execution of financial plans and ensures that BSWH operates in a financially responsible manner.
ESSENTIAL FUNCTIONS OF THE ROLE
Directs the financial planning and budget processes for assigned area of responsibility within BSWH.
Runs the study and interpretation of financial results and creates financial performance plans for senior leadership in support of BSWH business priorities.
Drives and manages the capital expenditure process and ensures financial resources to meet operating targets of BSWH.
Ensures accurate, timely, and relevant financial reporting to various audiences in accordance with GAAP for assigned areas within BSWH.
Monitors financial activities, reporting, and transactions to ensure compliance with all applicable regulatory requirements.
Establishes and maintains financial policies and procedures within the assigned area of responsibility that ensures consistency with BSWH guidelines and standards.
Evaluates financial operations for adherence to predetermined operational goals and develops operational improvement plans as appropriate.
Develops and implements financial calculations, metrics, and dashboards to provide operational updates on revenue, costs, productivity, and variances for assigned area of responsibility within BSWH.
Develops and maintains a system of internal controls to safeguard financial assets of the organization.
Directs the coordination of autonomous auditors to ensure successful completion of periodic audits and resolution of audit issues.
KEY SUCCESS FACTORS
Bachelor's degree in Finance, Accounting, Business, or equivalent experience required.
5+ years of experience in Finance, Accounting, or related field. Healthcare experience preferred.
1+ years of experience in a leadership role.
Demonstrated experience in financial study, issue identification, financial recommendation/action planning.
Excellent data-backed, quantitative, and statistical skills.
Proven organizational skills, including ability to prioritize and run several complex financial projects simultaneously.
Proven written and verbal skills.
Our competitive benefits package includes the following
Immediate eligibility for health and welfare benefits
401(k) savings plan with dollar-for-dollar match up to 5%
PTO accrual beginning Day 1
Note: Benefits may vary based upon position type and/or level
EDUCATION - Bachelor's or 4 years of work experience above the minimum qualification
Baylor Scott & White Health (BSWH) is the largest not-for-profit health care system in Texas and one of the largest in the United States. With a commitment to and a track record of innovation, collaboration, integrity and compassion for the patient, BSWH stands to be one of the nation’s exemplary health care organizations. Our mission is to serve all people by providing personalized health and wellness through exemplary care, education and research as a Christian ministry of healing. Joining our team is not just accepting a job, it’s accepting a calling!