Rhinebeck,
NY
12572
US
Posted: 07/26/24
2024-05-03
2024-08-25
Employment Type:
Permanent
Job Number: 15683
Job Description
Director of Budgets and Financial Reproting
Location: Rhinebeck NY
Salary: 100K
Job Type:Perm
Schedule: Monday - Friday 35hours
Summary:
The Director of Budget and Financial Reporting is responsible for the production of all operating, capital, cash, and grant program budgets, as well as tracking and monitoring the progress and actual performance of those budgets. Additionally, the Director of Budget and Financial Reporting is responsible for developing financial reports for all areas of operations, analyzing key financial measures, including budget performance, financial viability, revenue and expense by site, program, department, and agency service lines.
Responsibilities:
Budget Development and Projections
- Works closely with all levels of management to coordinate the preparation of the annual operating budget and related activities required to develop capital budgets, cash flow projections and new initiatives including all internal documentation, support schedules, and accurate data metrics to support the revenue and expense assumptions.Â
- Identify and implement a cloud-based budgeting enterprise software solution to automate and streamline the agency’s budgeting and planning processes; must integrate with Dynamics GP.Â
- Creates annual projections, as necessary, based on data trends from actual expenditures, changes to reimbursement rates, opening/closing of new programs or sites, and significant changes to fiscal and cross-year government contract funding levels.  Â
Risk Assessment and Compliance
- Maintain policies and procedures for the preparation of the agency annual operating budget, including estimates of public and private revenues, cost center specific expenses, and allocation of fringe benefits and central administrative expenses (using the ratio-value method).
- Document and annually update all workflows for cross-training and business continuity.
Budget Monitoring and Monthly Reporting
- Designs, implements, and maintains a monthly budget reporting system that provides our clients Executive Cabinet and program leadership with timely and accurate budget reports that compare actual revenues and expenses to both the approved agency budget and projections with explanations for all large variances.
- Assist Director of Accounting with month-end close financial data collection and reporting as it relates to the following applications: Microsoft Dynamics Great Plains (Accounting), Qualifacts CareLogic (Billing System), Paylocity (Payroll System), and Power BI (Data Warehouse).
- Develops monthly revenue accrual for all medical services billed in the Qualifacts CareLogic system with assistance from the Director of Billing and Revenue Cycle Management.
- Prepare the Statement of Functional Expenses (SFE) and other White Papers in preparation for the annual financial statements audit.
Financial Analysis and Planning
- Provide financial analyses of operations, using the monthly results to initiate discussions and plans with appropriate management to address significant revenue and expense variances.
- Maintains and reconciles the agency Full-Time Equivalents (FTEs) salary detail report monthly.
- Develops and maintains agency cost allocation methodologies for all direct and indirect expenses; maintains cost allocations for all positions, fringe benefits, non-salary expenses, and central administrative costs.
- Reviews personnel allocation change requests presented by program leadership against the budget to ensure accuracy before approval and implementation to applicable systems.
- Assist Director of Accounting with quarterly financial analysis of government contracts to ensure timely spending and maximization of funding through detailed expense analysis. Â Â Â
- Assists Director of Accounting with planning and preparation of annual Consolidated Budget Report (CBR), Consolidated Fiscal Report (CFR), Statewide Standards of Payment (SSOP), and other government reports as required.
Performs other duties as assigned by the Chief Financial Officer.
Requirements and Skills:
- Successful record developing and implementing budget management and expense control systems, including the preparation of analytical reports for senior management.
- Demonstrated record of analytical skills that enhances the financial decision-making capacity of the organization’s leadership with a specific emphasis on financial analysis and statistics.
- Computer proficiency with accounting software, advanced Microsoft Excel skills (using macros, PivotTables, managing large datasets with functions: IF, SUM, and VLOOKUP and building charts and graphs). MS Word, and Office 365; Microsoft Access is a plus.
- Experience with budget applications; Microsoft Dynamics Great Plains accounting software experience is a plus.
- Excellent time management and organizational skills.
- Strong written and verbal communication skills, including the ability to interpret budget performance reports to non-financial managers.
Education:
- Bachelor’s degree in Business, Finance, Accounting or related field. Master’s degree preferred.
Experience:
- Ten years of progressively responsible budgeting and financial analysis and reporting experience at a health care nonprofit organization with minimum of 5 years accounting experience.
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