Location
Iowa | United States
Job description
Full job description
The financial manager will assist the Clinic Department Administrator in the department's daily financial operations and manage the annual budget process for the Center for Disabilities and Development (CDD). They will oversee all accounting services, financial management, and reporting, including clinical and grant reporting. As a member of the CDD Leadership Team, this position contributes to the strategic goals and aligns CDD with UIHC financial objectives. This position involves analyzing complex departmental funding, expenses, and administration issues, including implementing policies and procedures for administrative needs. Proactively monitor and resolve revenue cycle issues, collaborate with UI Health Care (UIHC) departments to identify expense management opportunities, and oversee projects related to new reimbursement/payor arrangements affecting CDD. Additionally, this role involves supervising staff working within CDD's financial systems and providing end-user support and backup. The financial manager should possess extensive knowledge of clinical and grant reporting and workflow, with the ability to streamline processes. They must be strongly committed to providing high-level service to the department's leadership. Duties also include managing pre- and post-award processes for grant and contract administration with various partners and agencies and analyzing patient revenue and reimbursement.
This position is eligible for a combination of remote work and in-person (hybrid) work within Iowa and will require a work arrangement form to be completed upon the start of your employment. Per policy, work arrangements will be reviewed annually, and must comply with the remote work program and related policies and employee travel policy when working at a remote location.
Budget Development and Implementation:
- Contribute to the development and implementation of annual operating and capital budgets.
- Ensure alignment of budgetary allocations with departmental goals and objectives.
- Manage yearly close of CDD Operating budget, grants and contracts and provide direction for final close and invoicing.
- Submit financial information for contracting, budgeting and daily management functions using multiple UI systems including Oracle Peoplesoft, Stratajazz, and complex Excel spreadsheets.
Accounting Processes Management:
- Oversee accounting processes, including yearly budget close and invoicing.
- Review fiscal statements and coordinate processes for UI and State of Iowa audits to ensure compliance with regulatory standards. Ensure recommendations are implemented.
Grant Funding Management:
- Develop funding recommendations to enhance efficiency across grants and contracts.
- Ensure compliance with UI for pre- and post-award grant requirements and advise Principal Investigators (PIs) accordingly in addition to F&A reduction and cost share requirements. Division of Programs and Grant Accounting.
- Lead grant salary planning meetings and prepare accounting change of status forms to implement needed changes.
- Provide interpretation of grant financial guidance, RFP requirements, UI Sponsored Programs policies and procedures, and UI purchasing and payments policies and procedures. Develop budget projections, analysis, and fiscal guidance for grant proposals and applications.
Expense and Revenue Reporting:
- Prepare and distribute detailed reports on budget and personnel expenses.
- Analyze revenue streams and provide insights into revenue generation trends.
- Prepare monthly analysis and financial reports for the CDD Administrator, Clinic Managers, UCEDD Directors, Department Supervisors, and Grant Principal Investigators. As requested, provide specialized reports.
Customized Reporting Solutions:
- Design and customize organizational methods for financial reporting to meet specific departmental needs.
- Generate ad hoc reports to address immediate financial concerns and provide actionable insights.
Budget Analysis and Forecasting:
- Conduct detailed analysis of financial information to facilitate budget preparation.
- Contributes information and recommendations to the development and implementation of CDD’s annual operating and capital budgets, currently in excess of $20 million dollars, with diverse funding streams of clinical revenue, building and capitol development, state and federal grants/contracts, and State of Iowa appropriation.
- Develop forecasting tools to predict budgetary changes based on trends and data analysis accurately.
Financial Statement Analysis:
- Conduct comprehensive analyses of various financial statements and indicators.
- Identify trends and patterns to guide strategic decision-making processes.
- Analyze and accrue contractual liabilities for CDD
Cost Management:
- Oversee and monitor expense activity of CDD’s University of Iowa Foundation accounts. Ensure compliance with donor intent for all gift account spending.
- Prepare various cost analyses related to CDD building, renovations, and utility expenses as needed.
- Manage TDR Reconciliations
- Monitor cost-saving initiatives and assess revenue enhancement opportunities.
- Implement strategies to optimize departmental expenses while maintaining quality of service.
Financial Statement Evaluation:
- Evaluate financial statements for accuracy and compliance with regulatory requirements.
- Review fiscal statements and provide analysis of revenue and expenditures.
- Compare planned budgets to actual expenditures and provide comprehensive reports on variances.
Productivity and Utilization Analysis:
- Monitor monthly productivity metrics and analyze Full-Time Equivalent (FTE) utilization.
- Provide reports and recommendations to the leadership team for optimizing resource allocation.
- Develop funding recommendations for increased efficiencies across grants and contracts.
Policy Adherence and Compliance:
- Ensure compliance with university policies and procedures related to financial management.
- Provide expert advice on interpreting grant financial guidance, RFP requirements, and purchasing policies.
- Evaluate and update CDD accounting procedures to maintain strong internal controls and assure compliance with all UI financial policies and procedures.
- Responsible for managing and regulating all accounting processes within CDD.
- May act as initiator, reviewer and/or final approver of complex or specialized financial transactions in HRIS.
- May initiate adjusting journal entries resulting from audit adjustments.
Staff Development and Training:
- Provides administrative supervision of CDD Finance & Accounting staff by managing performance and assisting in the hiring and professional development.
- Recruit, hire, and onboard accounting staff, ensuring alignment with departmental goals.
- Provide ongoing training and professional development opportunities to enhance staff competencies.
Stakeholder Communication:
- Effectively communicate with stakeholders at all levels, including department managers and university partners.
- Review and analyze, in collaboration with CDD’s Administrator, the financial information and requirements for developing new clinical and grant programs.
- Participate in committees and working groups to provide financial expertise and guidance.
- Serve as liaison with UI Purchasing, Division of Sponsored Programs, Grant Accounting, and Finance and Accounting for all CDD budget and financial processes.
- Develop strong working relationships with UI partners, including DSP, GAO, and AP.
Required Qualifications:
- Master’s degree in business administration or a related field, e.g., Healthcare Administration, Accounting, or an equivalent combination of education and experience.
- 3-5 years of experience in accounting or finance
- Prior supervisory experience that includes direct supervision of staff, financial management and/or oversight of financial operations
- Demonstrated proficiency in complex budget development
- Experience with financial contracts
- Excellent written, verbal, and interpersonal communication skills
- Demonstrated proficiency in computer software applications, including Microsoft products (Excel, Word, and Outlook) and databases.
- High attention to detail
- Strong organizational skills, ability to manage multiple projects, and adherence to deadlines.
Desired Qualifications:
- Experience with University of Iowa accounting financial systems
- Experience with University insurance and/or billing process
- Knowledge of University of Iowa accounting policies, procedures, and systems.
- Previous experience in pre- and post-award grants management.
- Experience working with grant accounting processes.
- Experience working with patient revenue systems.
Application Process:
In order to be considered, applicants must upload a resume and cover letter (under submission relevant materials) that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of 14 calendar days.
Successful candidates must self-disclose any conviction history and will be subject to a criminal background check and education verification. This position is not eligible for University sponsorship for employment authorization. Please contact [email protected] with any questions.
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Salary