REMOTE Financial Liaison Senior - Financial Support

Overview

Under general supervision the Senior Financial Liaison serves as the principal finance person of the assigned department(s) and business unit(s), providing direct and proactive support with budget development, performance analyses, and operation and strategic financial analyses. The Senior Financial Liaison reports to PSH Finance leadership, with accountabilities to the operational leaders of the assigned department(s) and business unit(s) (including department chairs, vice presidents of operations, or operations directors).

It is general practice that the senior financial liaison has assignments that are more complex and/or higher volume, serving departments with complex finances. The Senior Financial Liaison serves as finance leader, consultant, and educator, and is the finance representative at meetings or on teams and committees. Provides guidance to other staff members on complex financial matters.

Summary of position: THIS IS A REMOTE POSITION.

The percentage of time spent performing essential functions is 98%. Qualified individuals must have the ability (with or without reasonable accommodation) to perform the following duties:

The Senior Financial Liaison provides the following services to assigned department(s) and business unit(s), in coordination with Penn State Health Corporate Finance shared service areas as appropriate:

• Accounting:
  Review and recommend revenue and expense accruals, verifying appropriate cost center usage and revenue/expense mapping.
• Financial reporting:
  Produce routine (monthly) managerial financial performance reports (that reconcile to the official Penn State Health system reports), including clinical volumes, staffing levels, and other statistics and indicators. Compose analyses with respect to variances from budgets and prior actual results, efficiency measures, and resource utilization statistics. Produce ad hoc reports that meet the demands of the department(s) and business unit(s), for example productivity measures by provider.
• Budgeting:
  Lead the department(s) and business unit(s) annual capital and operating budget processes, aligned with the Penn State Health system overall plan and timing. Create department(s) and business unit(s) annual and long-range capital plans, with close alignment to the chief financial officer. Forecast clinical volumes, plan fixed costs and adjust variable costs to volumes, conduct and/or verify revenue projections, and associate operating budgets to institutional strategic plans.
  
  Ensure that the capital and operating budgets reflect the direction set by management and leadership.
• Business planning:
  Participate in business planning efforts involving the department(s) and business unit(s), and connect with the coordinated shared services business planning office in Penn State Health Corporate Finance. Assemble pro formas and forecasts for new operations and ventures in coordination with the operations management and as an active member of the Penn State Health Corporate Finance business planning effort.
• General services:
  Research financial and statistical information for the department(s) and business unit(s). Work with the finance lead or entity chief financial officer, around areas such as reimbursements, invoice payments, payroll issues, and expense classifications.
• Communication:
  Present routine (monthly) financial and productivity information to department chairs and operations management. Discuss financial management decisions that impacted the outcomes. Relay operational issues and concerns to the chief financial officer.
• Collaboration:
  
  Serve the team of Financial Liaisons as an active partner to improve processes and services to department(s) and business unit(s). Partner with management and staff to facilitate the resourcing of clinical care. Build constructive working relationships with financial analysts and the staff in Penn State Health Finance.

• Bachelor's Degree in finance, accounting, or related field from an accredited college or university is required.
• Seven (7) years of functional experience providing financial analysis of operations is required.

• 5 years of experience in Healthcare Finance.

Penn State Health offers exceptional opportunities to learn and grow, exposure to a wide patient population, and the ability to provide individualized, innovative, and specialized care to patients in the community.

Penn State Health offers an exceptional benefits package including medical, dental and vision with no waiting period as well as a Total Rewards Program that highlights a few of the many additional offerings below:

• Be Well with Employee Wellness Programs and Fitness Discounts (University Fitness Center, Peloton).
• Be Balanced with Generous Paid Time Off, Personal Time, and Paid Parental Leave.
• Be Secured with Retirement, Extended Illness Bank, Life Insurance, and Identity Theft Protection.
• Be Rewarded with Competitive Pay, Tuition Reimbursement, and…