MANAGER BUDGETS

This position will work with the HealthAlliance Director of Finance and also the Budget Team of Westchester Medical Center which includes multiple hospitals, physician groups and other affiliated entities in preparing the annual budget. In addition, throughout the year, the Budget Manager will assist in preparing the monthly financial statements and will monitor expenses for departments within the organizations and prepare various reports to analyze budget variances and communicate with department managers and senior management the results of analysis and work to help resolve any budget discrepancies and develop short term and long-term projections. This individual will also participate in special projects as needed.


Responsibilities:

• Work with the Finance Team and Performance Management to develop the organization's annual budget.
• Manage the development of the organization's annual budget which includes:
  • Reconcile all Strata (budget software) data loads
  • Prepare current year projections
  • Prepare and validate payroll information
  • Prepare budget reports for Senior Management meetings
  • Assist in preparing budget books and presentations
• Manage staff responsible for budget reporting and analysis in a way that supports the department's goals and objectives.
• Work with the Budget Team to identify enhancements to the budget model.
• Responsible for maintaining the budget calendar and informing departmental managers of due dates for budget submission.
• Act as an advisor to department managers in formulating their budget submissions.
• Review managers' budget proposals for completeness, accuracy, and compliance with hospital policies.
• Help identify cost savings through review of current year expenditures while working with managers to develop their budgets.
• Examine whether budget submissions can be achieved based on known organizational constraints and inform management of potential problem areas.
• Work with Performance Management to develop a capital budget.
• Develop a cash projection in conjunction with the annual budget.
• Monitor and report on the capital budget throughout the year and notify management of potential areas of concern.
• Combine departmental and company budgets together into a consolidated budget.
• Ensure timely production and distribution of department head reports.
• Assist in the development and implementation of a new process to be completed quarterly wherein department heads will be required to formally report on their cost center variances and project the remainder of the year versus budget.
• Meet with managers monthly to review and explain budget discrepancies and develop steps to minimize or eliminate the discrepancies before yearend close.
• Monitor compliance with the budget through review of contracts and detailed general ledger analysis.
• Prepare monthly metric reports to be used by departments.
• Assist in the month end closing process through general ledger review and the preparation of required journal entries and supporting schedules.
• Prepare all salary and benefit analysis as compared to budget.
• Prepare all high level OTPS analysis as compared to budget.
• Assists in special projects, ad hoc analysis and other requests from the Director of Finance and senior management.
• Performs other duties as required to meet the needs of the department

• 5+ years of budgeting and accounting experience

• Bachelor's Degree in Accounting or Finance

• Solid knowledge of Generally Accepted Accounting Principles and ability to learn Government Accounting Standards.
• Experience in working with enhanced ERP systems.
• Advanced Excel skills.