http://advocatehealth.org

Department:

11537 Advocate Aurora Health Corporate - HTM: Corporate Administration

Status:

Full time

Benefits Eligible:

Yes

Hours Per Week:

40

Schedule Details/Additional Information:

Daytime schedule. fully remote role. may attend onsite corporate meetings.

Pay Range

$40.30 - $60.45

Major Responsibilities:

Develop detailed financial models to assist management in making strategic business decisions. Present information in a clear and concise manner.

2)Calculate key investment metrics including the Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period.

3)Develop financial models with the ability to run various scenario analysis dependent on key variable to gauge risk as well as the overall sensativity of key assumptions.

4)Calculate key financial and operating ratios the developed financial models. Understand their impact on Advocate operations.

5)Monitor performance compared to projections. Prepare reports for sites and Senior Management relative to actual performance versus projections. Explain variances and key drivers of change.

6)Develop PowerPoint presentations that clearly present complex financial information in a user friendly format for "non-financial" audiences.

7)Analyze internal and external financial statements and understand key drivers of financial performance and operational metrics.

8)Develop and prepare reports analyzing performance and identifying opportunities for revenue enhancement and/or cost management.

9)Work closely with other Advocate departments including Business Development, Financial Decision Support, Budgeting to collect key data. Work closely with sites to gather and understand key data.

1)Develop financial models that include volume, revenue and expense components that build comprehensive financial statements including the Income Statement, Balance Sheet, and Statement of Cash Flow.

Develop financial assessments of potential acquisition targets (hospitals and physicians practices) as well as competitor profiles.

1)Assist in the development of financial assessments of acquisition targets including their historical financial performance and key operating metrics (e.g., admissions, LOS, market share, etc.).

2)Assist in the development of consolidated operating statements that show the impact of merging a new entity into Advocate. These statement will include the combined financial statements and key financial ratios. Identify and present the impact of the consolidated financial ratios on Advocate's bond rating.

3)Work closely with Business Development and Financial Decision Support in gathering information to prepare the financial assessments.

4)Provide recommendations to leadership within Finance regarding strategic decisions that impact Advocate Health Care, including hospital operations and ambulatory development (including physician employment / acquisitions).

Finance resource for System projects, committees and special projects.

1)Serve as the System finance resource for System-wide and/or site specfic projects.

2)Demonstrate the ability to interact with Senior Management at Advocate facilities --- representing the System's goals and financial alignment.

3)Sit on various System-wide committees as the System financial representative. Serve as the "financial voice" regarding recommendations and implications of various decisions.

4)Serve as a resource to the System-wide Monthly Operating Reveiw. Attend select meetings and follow-up on key initiatives.

5)Serve as a resource to Advocate in System-wide cost margin management effort in quantifying financial impact of both revenue and expense management initiatives.

6)Work closely with the Supply Chain and Clinical Effectiveness departments. Serve as a financial resource in the documentation of savings.

Finance resource for monthly financial reviews and annual mid-year forecast, budget preparation, and capital review.

1)Assist Management in the development of mid-year forecasts and budget preparations. Assist Budgeting department in the development of key assumptions and the review of submitted budgets.

2)Serve as a resouce to the Capital process. Assist in the design and development of the annual Capital model. Review Capital submissions. Meet with sites to review Capital submissions.

3)Work closely with other departments in the development of key assumptions for the Budget and Capital model (e.g., inflation, merit increases, volume, etc.).

Education/Experience Required:

- BA in business or BS in finance or related field (e.g., accounting, economics, etc.) - 3 years of finance / business management experience and - 2 years of health care experience --- in a provider setter or health care consulting (note: degree in public health or masters in health administration would count towards health care experience). - Experience in the application of financial metrics (e.g., NPV, IRR and Payback Period).

Knowledge, Skills & Abilities Required:

- Strong Microsoft Office skills (Excel, PowerPoint, Word). - Strong writing skills. - Strong financial pro forma development skills. - Attention to detail. - Good presentation skills

- Not required

Physical Requirements and Working Conditions:

- Ability to work under time pressures and meet deadlines with overtime as needed. - Ability to communicate effectively. - Ability to work independently. - Ability to learn and pick up on new concepts quickly. - Ability to work as part of a team. - Ability to travel to/from Advocate sites

This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.

Our Commitment to You:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:

Compensation

• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
• Premium pay such as shift, on call, and more based on a teammate's job
• Incentive pay for select positions
• Opportunity for annual increases based on performance

Benefits and more

• Paid Time Off programs
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
• Flexible Spending Accounts for eligible health care and dependent care expenses
• Family benefits such as adoption assistance and paid parental leave
• Defined contribution retirement plans with employer match and other financial wellness programs
• Educational Assistance Program

About Advocate Health 

Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs. Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation’s largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits.