Finance Business Partner

Finance Business Partner

Dell Medical School is seeking a Finance Business Partner. This is a state-funded position with an end date of 8/31/27, renewable based upon availability of funding, work performance, and progress toward goals.

The UT Health System & Dell Medical School Finance Business Partner provides consultative support for assigned departments and offices, creating a trusted and active partnership between finance and operations. This position spends significant time with executives and leaders to assess needs while providing real time support, financial analysis, and strategic guidance as a trusted advisor to the department/office. Finance Business Partner provide financial insight across their assigned areas as well as enterprise wide. They are responsible for working closely with assigned departments to understand the business and competitive environment, applicable metrics of performance, and other trends affecting the industry. They will bring their knowledge of financial modeling, business planning, data analysis and visualization, and understanding of financial processes to ensure their departments/offices are supported in all areas of finance.

The financial business partner will play a key role in developing individual budgets for their assigned areas as well as rolling up information into the overall system budget each year. They will work with departments to develop proformas, adjust forecasts, analyze trends, and use their insight to provide information and recommendation to leadership in both assigned departments and finance. This position reports directly to the Budget Manager in Finance with matrix reporting to the departmental and office leadership that they support.

Responsibilities include:

• Serve as a leader in creating operational, capital, and project-specific budgets while working closely with Finance on the system-wide budget process.
• Supports the annual budget process by participating in development of the annual budget including leading and providing guidance for budget development to assigned departments.
• Provides on-going oversight of budget performance, updates monthly forecasts, and provides variance analysis reporting to department and finance.
• Acts as a primary contact and partner to their assigned departments for all things related to organizational finance. Develops and maintains a trusted relationship with leadership in their assigned departments. Provides oversight of departmental financial processing.
• Analyzes clinical and healthcare trends as they relate to operational areas, providing guidance on how these affect financial metrics.
• Collaborates with operational areas to create business plans, ensuring they align with operational and strategic goals. Ensures financial modeling is accurate and provides ongoing follow up analysis on performance of any approved business plans.
• Collaborates on the development of financial dashboards for departments and school-wide utilization.
• Understands productivity targets and provides analysis related to MGMA, AAMC, and department-specific benchmarks. Provides recommendations to leadership to meet expected targets.
• Provides training to departments on productivity benchmarks and reporting. Collaborates on investigating benchmark results or questions.
• Reviews and ensures position control data is accurate and provides the financial details necessary for any new requests going to the Operations Coordinating Group which may include, but is not limited to, volume trends, FTE trends, benchmarking, and operational change impacts.
• Understands and communicates financial trends to assigned departments and proactively identifies opportunities to improve productivity, efficiency, utilization which may result in cost savings or revenue improvements.
• Participates or leads process improvement projects impacting finance and operations, this may be at the institution or departmental level.
• Adheres to internal controls and reporting structure.
• Performs other duties as assigned.

Marginal or periodic functions include:

• Adheres to internal controls and reporting structure.
• Performs related duties as required.

Knowledge/Skills/Abilities include:

• Experience in communicating and presenting complex ideas and processes to varied audiences.
• High level of proficiency in Microsoft Excel.
• Demonstrated leadership skills, including but not limited to, collaboration, communication, integrity, transparency, and execution.
• Must possess broad industry knowledge of academic health care
• Strong knowledge of financial applications and processes.
• Strong communication and interpersonal skills with a high degree of professionalism in dealing with staff at all levels of the institution.
• Effective problem-solving skills.
• Ability to develop, prioritize, and accomplish goals.
• Demonstrated analytical thinking, critical thinking, and project management competencies.
• Ability to analyze and evaluate data and make appropriate decisions/ recommendations.

Education & Experience

Minimum qualifications require a Bachelor's Degree in Accounting or related field with at least 5 year(s) of experience in progressive, professional finance, accounting, or consulting experience with broad knowledge of budgeting, forecasting, and financial analysis. Relevant education and experience may be substituted as appropriate.

Preferred qualifications include a Master's Degree in Business Administration or related field. with at least 3 year(s) of experience in Experience working with Workday Financials. 3 years of experience working in a financial role at an Academic Health institution.

Licenses, Registrations or Certifications required: None. Preferred: Certified Public Accountant (CPA), Certified Management Accountant (CMA).

Salary Range

$83,443 + depending on qualifications

Working Environment/Equipment

This is a full-time position; remote work is expected with limited possibility of hybrid work. Standard office environment and equipment. Requires occasional travel to local, state, and national meetings.

Required Materials

• Resume/CV
• 3 work references with their contact information; at least one reference should be from a supervisor
• Letter of interest