Senior Director of Finance – Radiology Department
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- 1125654_RR00089877
- Finance/Accounting/Billing, NYU Grossman School of Medicine, Radiology-Finance (S157)
- Full-Time/Regular
- NYU Grossman School of Medicine (SOM)
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- days
ABOUT NYU LANGONE HEALTH
NYU Langone Health is a world-class, patient-centered, integrated academic medical center. Ranked as the #1 Hospital for quality and patient safety by Vizient, Inc., and with 10 clinical specialties among the top 10 in the nation according to U.S. News & World Report, NYU Langone’s culture is rooted in excellence in patient care, education, and research. NYU Langone comprises more than 320 locations throughout the New York area and in Florida, including six inpatient locations, a children’s hospital, and four emergency rooms. Also part of NYU Langone Health is the Laura and Isaac Perlmutter Cancer Center, a National Cancer Institute designated comprehensive cancer center, NYU Grossman School of Medicine, and NYU Grossman Long Island School of Medicine. For more information, go to nyulangone.org, and interact with us on LinkedIn, Glassdoor, Indeed, Facebook, Twitter, YouTube, and Instagram.
Working at NYU Langone Health
At NYU Langone Health, there are numerous areas for you as a leadership professional to make an impact on our organization. As one of the nation’s leading medical centers, we need bright, innovative people to step up and take charge of the many initiatives currently taking place here. From our brand new 830,000-square-foot Helen L. and Martin S. Kimmel Pavilion to our new 16 story Science Building, NYU Langone Health is ripe with career-opportunities that are sure to transform the way we think about medical care.
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Job Details
Position Summary:
We have an exciting opportunity to join our team as a Senior Director of Finance.
The Radiology Department’s Sr. Director of Finance will report directly to the Radiology Department Chairman. The Sr. Director of Finance provides expert counsel and directs the fiscal operations of the Department of Radiology. The Sr. Director of Finance is assigned financial responsibility for the departments operations. The Sr. Director of Finance directs, analyzes and monitors all department
financial activities; keeping the Department Chairman informed of the financial condition of the department.
Job Responsibilities
Job Responsibilities:
- Provides guidance to the Chair regarding the departmental financial trends
• Works under the direction of the Chairman to complete financial analysis of new
programs, acquisitions and business development ventures
• Oversees budgetary planning and cost management in alignment with
departmental and institutional strategic plan
• Ensures that financial statements and reports are completed & distributed on a
timely basis
• Works with billing leadership to ensure that revenue cycle processes are efficient
and effective
• Oversees all operating and capital budgeting processes
• Administrator for all financial reporting (internal/external); financial policies &
procedures
• Develops and implements tools/systems to provide critical financial/operational
information to the Chairman and makes actionable recommendations on
financial strategy
• Serves as a member of the senior leadership team. Mentors and develops a
team of direct reports, hiring, managing work allocation, training, problem
resolution, performance evaluation and building effective team dynamics.
• Perform other related duties and participate in special projects as assigned - Specific Responsibilities:
Financial Strategy:
• Analyzes and implements financial plans and trends, monitoring progress towards financial goals
• Completes financial analysis of new programs, acquisitions and business
development ventures
• Develops and implements tools/systems to provide critical financial/operational
information to the Chairman and makes actionable recommendations on
financial strategy
• Perform other related duties and participate in special projects as assigned
Budgeting & Financial Projections
• Oversee Radiology FGP & Non-FGP annual operating & capital budget process in alignment with the departmental and institutional strategic plan
• Ensures that annual projection is inclusive of all expected changes and that it provides a clear snapshot of the anticipated revenue & expenses; confirms that budget reflects current volume and practice changes and provides an explanation for variances(Includes but not limited to analysis of average reimbursement rates per modality and volume metrics to forecast accurate revenue targets).
• Reviews and works on accruals for the month as well as year-end. Supervises submissions for the year & year-end accruals
• Presents monthly & final budgets to senior leadership and makes adjustments accordingly
Financial Controls, Accounts Payable, Purchasing & Journal Voucher (JV)
Processing
• Oversees the accounts payable process for the Radiology Department. Ensures that all processes are efficient, accurate and compliant with institutional polices & procedures.
• Reviews recurring expenses, requisitions, purchase orders, check requests, travel & expense reimbursements, P-card transactions ensuring that expenses are compliant, accurate and budgeted
• Reviews and processes all faculty/staff reimbursement requests. Verifies that battle pay is allocated properly and paid out in the faculty paychecks or credited to their professional funds.
• Reviews malpractice charges and submits malpractice charge forms for new providers, terminations and status changes
• Oversees the PO balances and annual replacement of the POs
• Oversees petty cash process, monthly JV processing process
• Responsible for financial contract maintenance
• Identifies areas of cost-savings for the department
Accounts Receivable
Oversees the accounts receivable process for the Radiology Department.
Ensures that all processes are efficient, accurate, well-documented and compliant with institutional polices & procedures.
• Reviews all A/R (outside of EPIC billing) transactions, direct charges, charge back process (i.e.NYU Long Island Hospital reimbursement) and other monthly allocations; make adjustments to correct as needed.
• Reviews the monthly per click reconciliations and payment processing for our various ambulatory sites. Confirms that the payment calculation is correct and submits for processing. In collaboration with the Central Finance, makes adjustments to the monthly accruals accordingly.
• Ensures documentation and reimbursement process for all site agreements including but not limited to Cancer Center, Orthopedic Sites, Richmond University Medical Center (RUMC), Veterans Affairs (VA), Cyclotron Isotope Production (FDG) Chargebacks.
Payroll (Faculty & Non Faculty Salaries)
• Processes and reviews all faculty and non-faculty salary increases, new hires and termination maintaining documentation of changes. Responsible for all update notifications regarding changes.
• Reviews the monthly faculty, physician assistants, NPs and residents/fellows monthly coverages. Confirms that the submitted data is correct and prepares
payment templates to FGP and payroll upload. Submits the Coverages.
• Verifies, reconciles, and confirms that the Trinet (NYU Imaging) biweekly payroll is correct and submits wire transfer forms to transfer funds to NYU Imaging to fund the payroll.
• Provides analysis of overtime expenses for the department
• In collaboration with senior leadership oversight, oversee process related to annual faculty and non-faculty bonus program. Implement adjustments to bonus criteria/policy on annual basis or as needed.
• Updates the internal faculty and non-faculty salary databases on a monthly basis using the salary download.
Post Award – Research Finance
• Oversees management and staff dedicated to ensuring efficient, accurate and compliant post award research finance processes
• Oversees the monthly PI Financial portfolios, ensuring that all financial reports are distributed on a monthly basis and that all PI financial needs are met
Ensures that grants have an appropriate budget, required documents are submitted to SPA, sub-awards are set up as necessary, all personnel and other grant allocations are submitted on a timely basis.
• Reviews various reports including but not limited to the Clearing Account, Payroll Suspense, Projects in Deficit, and Projects with no activity, etc.
• Ensures all faculty and non-faculty are appropriately charged and removed from grants based on budget and grant end dates.
• Ensures that all NIH and other sponsored grants reporting deadlines and closings are met
Reporting & Meetings
• Oversees visualization and distribution process for financial statements & reports for both internal and external stakeholders. Reporting includes but is not limited to account balance report, non FGP monthly P&Ls including CBI, GRF,
Radiochemistry, discretionary balances, research fund balances and cash reports.
• Reviews various Post Award reports including but not limited to Clearing Account/ Payrolls suspense account.
• Identifies gaps & problem solves any gaps in financial reporting
• Conducts/leads all financial meetings for the Department of Radiology
• Represents the financial interests of the Department of Radiology in institutional
meetings
Administrative Departmental Support
• Serves as a resource to faculty/staff for issues regarding financial process including but not limited to salary discrepancies, coverage payments, reimbursements, fund balances.
• Collaborates with various internal and external parties including FGP, Faculty Records, Treasury, Finance, Insurance Department, Legal, RED&F, and Research Finance.
• Collaborates with leadership to develop new policies & procedures related to radiology financial operations in compliance with institutional policies & procedures.
• Conducts other financial analysis as needed
System Updates & Maintenance
Oversees all financial systems/tools
• Keeps up to date on all available financial systems/tools in order to oversee financial operations for the department
Staff Management
• Serves as a member of the senior leadership team.
• Provides supervision for Radiology Finance Management & Staff. Mentors and develops a team of direct reports, hiring, managing work allocation, training, problem resolution, performance evaluation and building effective team dynamics.
• Responsible for setting staff goals.
• Responsible for disciplinary action as needed.
Qualifications
Minimum Qualifications:
To qualify you must have a Master’s degree, preferably in in finance, or business administration Minimum of 7 years experience. Excellent knowledge of research and medical center accounting, reimbursement and financial reporting Comprehensive knowledge of financial management responsibilities including effective presentation skills of financial reports and P&L statements.
Excellent budget, cost control skills, organization skills and a management style which develops and encourages excellent relationships and communication with community, the SOM administrative and medical staff Analytical, organizational, and verbal and written communication skills required to interact successfully with professional groups and committees Candidate must have a proven ability to work in a fast-paced environment and manage several projects simultaneously
Preferred Qualifications:
MBA. Prior Experience in Healthcare field. Advanced skill in Microsoft Excel. Intermediate to Advanced skills in Microsoft
Access.
Qualified candidates must be able to effectively communicate with all levels of the organization.
NYU Grossman School of Medicine provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you’ll feel good about devoting your time and your talents.
NYU Grossman School of Medicine is an equal opportunity and affirmative action employer committed to diversity and inclusion in all aspects of recruiting and employment. All qualified individuals are encouraged to apply and will receive consideration without regard to race, color, gender, gender identity or expression, sex, sexual orientation, transgender status, gender dysphoria, national origin, age, religion, disability, military and veteran status, marital or parental status, citizenship status, genetic information or any other factor which cannot lawfully be used as a basis for an employment decision. We require applications to be completed online.
If you wish to view NYU Grossman School of Medicine’s EEO policies, please click here. Please click here to view the Federal “EEO is the law” poster or visit https://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm for more information.
NYU Langone Health provides a salary range to comply with the New York state Law on Salary Transparency in Job Advertisements. The salary range for the role is $213,477.56 – $304,968.49 Annually. Actual salaries depend on a variety of factors, including experience, specialty, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.
To view the Pay Transparency Notice, please click here
Organization
NYU Grossman School of Medicine is one of the nation’s top-ranked medical schools. For 175 years, NYU Grossman School of Medicine has trained thousands of physicians and scientists who have helped to shape the course of medical history and enrich the lives of countless people. An integral part of NYU Langone Health, the Grossman School of Medicine at its core is committed to improving the human condition through medical education, scientific research, and direct patient care. At NYU Langone Health, equity, diversity, and inclusion are fundamental values. We strive to be a place where our exceptionally talented faculty, staff, and students of all identities can thrive. We embrace diversity, inclusion, and individual skills, ideas, and knowledge. For more information, go to med.nyu.edu, and interact with us on LinkedIn, Glassdoor, Indeed, Facebook, Twitter and Instagram.
How Our Employees Grow
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Manager–School Health Clinical Services
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Assistant Director, Professional Billing Operations
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Director, Revenue Cycle Initiatives
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Respiratory Therapist
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Talent Acquisition Specialist
At NYU Langone Health, I’ve been fortunate to have leaders that supported my growth within the institution. I have taken many courses that NYU Langone offers, which have been extremely valuable in helping me become the professional I am today. I recently completed the Team Leadership Development Program which has provided me with tools to upskill to the next step in my career. The opportunities here are endless.
Nazneen H.
Clinical Charge Nurse Auditor in Revenue Management Initiatives
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