The Decision Support Cost Analysis Manager will support Corporate Finance in a service-line approach to analyzing data to forecast service-line profitability. The Manager will be a strategic thinker who can combine data and recognize key patterns to recommend alternative business options that increase profitability.
Decision Support Cost Analysis Manager will partner with service line leaders to analyze financial reports, identify variances, recommend cost-saving initiatives, and improve overall processes that increase efficiency and revenue.
Decision Support Cost Analysis Manager is comfortable reviewing, analyzing, and interpreting financial data, preparing financial reports, and communicating with key stakeholders, decision-makers, and executive leaders.
This position reports to the Director of Finance Decision Support and has substantial growth opportunities. The manager will work a Monday through Friday schedule, primarily onsite, with some work-from-home flexibility.
JOB QUALIFICATIONS:
Bachelor’s degree in business, preferably Accounting or Finance. Master’s degree in business or healthcare administration preferred. A minimum of five years of hospital cost accounting and financial analysis experience is preferred. Experience with Microsoft Office, Strata EPSi, or similar computer-based cost accounting decision support systems is preferred. Extensive experience with Microsoft Excel is desired.
SKILLS, EXPERIENCE AND LICENSURE:
Knowledge of cost accounting as applied to business processes; ability to handle large volumes of diversified work and meet deadlines; good oral and written communication skills; ability to analyze and prepare financial schedules and reports; ability to prepare oral and written reports; ability to make reasonable independent judgments, work with limited supervision and follow directions.
DUTIES AND RESPONSIBILITIES:
- Maintains cost models to accurately calculate the cost of products, services, and operations, including direct and indirect expenses.
- Performs monthly cost accounting functions, including database structure, cost allocations, and assumptions.
- Establishes accurate cost data for organizational decision-making.
- Verifies and reconciles the source data for all analyses and confirms assumptions with finance management.
- Leads in-depth profit and loss analysis for various service lines, including Surgical Services, Cardiology, and Interventional Radiology.
- Partner and collaborate with cross-functional teams across departments to gather information, better understand business needs, and communicate findings through analytics.
- Works with various department leaders, including Revenue Cycle and Supply Chain, to help improve the organization's financial performance.
- Collaborates closely with the CFO, Director of Finance Decision Support, Controller, and department managers to align financial performance with organizational goals.
- Mentors new hires/ less-tenured employees on the monthly cost accounting process, assisted in answering their questions as they eventually performed the process independently, and worked with them to design and implement process improvements.
- Performs ad hoc profitability and statistical analysis upon request.
- Track and monitor the effectiveness of cost-saving initiatives.
WORKING CONDITIONS:
Office environment, sitting for long periods, standing and walking. Some stress due to deadlines and expectations. Day shift with extended hours and possible weekend/holiday work hours when necessary to meet deadlines. Occasional out-of-town travel for professional training and seminars.
SUPERVISION:
Works independently using manuals, policies, guidelines, precedents, or general instructions from a supervisor who reviews the results produced. When necessary, confer with superiors regarding assigned tasks, policies, procedures, etc.
See attached
Skills Required
- Bachelor's degree in Business, preferably Accounting or Finance
- Master's degree in Business or Healthcare Administration
- Minimum of five years of hospital cost accounting and financial analysis experience
- Experience with Microsoft Office and Microsoft Excel
- Experience with Strata EPSi or similar cost accounting/decision support systems
- Knowledge of cost accounting as applied to business processes
- Ability to analyze and prepare financial schedules and reports
- Good oral and written communication skills
- Ability to handle large volumes of diversified work and meet deadlines
- Ability to make independent judgments and work with limited supervision
What We Do
Halifax Health is a community healthcare leader serving residents and visitors in Volusia and Flagler counties, Florida, for over 95 years. It operates a system of hospitals and professional centers, including a tertiary hospital, community hospital, freestanding emergency departments, and specialized psychiatric and cancer treatment services. The organization is dedicated to providing exemplary, patient-centered medical, emotional, and spiritual care throughout East Central Florida.
