Dir Fin Plan & Analysis

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Responsible for strategic financial planning and analysis of potential new business opportunities related to capital investment. Coordinates the completion of the annual capital budgeting process for WVU Medicine. Oversees construction project and other capital project accounting functions and detailed project financial tracking. Assists with structuring and securing financing arrangements and ensures ongoing compliance with regulatory requirements on tax-exempt debt.

MINIMUM QUALIFICATIONS:

EDUCATION, CERTIFICATION, AND/OR LICENSURE:

1. Bachelor’s degree in accounting, finance, or business administration required.

EXPERIENCE:

1. Five (5) years’ experience in accounting or finance.

2. Two (2) years supervisory experience.

PREFERRED QUALIFICATIONS:

EDUCATION, CERTIFICATION, AND/OR LICENSURE:

1. Master’s degree in accounting, finance, or business administration.

2. CPA certification.

EXPERIENCE:

1. Experience in healthcare preferred.

CORE DUTIES AND RESPONSIBILITIES: The statements described here are intended to describe the general nature of work being performed by people assigned to this position. They are not intended to be constructed as an all-inclusive list of all responsibilities and duties. Other duties may be assigned.

1. Responsible for the coordination and completion of the annual capital budget for WVUH and UHA, consistent with WVUHS budget guidelines as applicable. Gathers competitive, publicly available information regarding cash flow, cost, margins, investments, etc., necessary for understanding competitor strategies, strengths and weaknesses as needed.

2. Responsible for monitoring strategic capital projects including multi-year major construction projects to ensure budget compliance. Regularly communicate budget progress with project managers and leadership

3. Serves as capital accounting and budgeting subject matter expert for other WVUHS entities as needed. Assisting with new hospital integration concerning capital budgeting, capital procurement, compliance/policies, taxation, etc

4. Responsible for reviewing all monthly capital purchases to ensure that state and municipal sales tax is remitted to the correct taxing authority timely. Requires an understanding of tax regulations in the various states and municipalities where capital assets are utilized.

5. Routinely evaluates the organization’s financial position in order to determine capital budgeting targets and makes recommendations regarding periodic adjustments as needed.

6. Responsible for the coordination and completion of the annual capital budget for WVUH and UHA, consistent with WVUHS budget guidelines as applicable. Assists with capital budgeting for other subsidiary entities as needed.

7. Works collaboratively with the WVUH/UHA senior management team, SOM leadership, WVUHS executives, and other WVU Medicine staff to achieve capital budget targets in a timely manner. Directly responsible for leading this effort and providing financial guidance to all levels of WVUH/UHA management to facilitate meeting the organization’s capital budgeting objectives. Routinely evaluates the organization’s financial position in order to determine capital budgeting targets and makes recommendations regarding periodic adjustments as needed.

8. Monitors capital budget-to-actual spending to ensure timely in-service reporting and manage available funds for maximum effectiveness. Works collaboratively with the WVUH/UHA senior management team, SOM leadership, WVUHS executives, and other WVUH/UHA staff to achieve capital budget targets in a timely manner. Directly responsible for leading this effort and providing financial guidance to all levels of WVUH/UHA management to facilitate meeting the organization’s capital budgeting objectives.

9. Assigns capital project costs to depreciable components using AHA useful life guidelines to strategically manage the capital planning process, accurately recover the capital investment through depreciation expense, and adequately comply with regulatory requirements. Monitors capital budget-to-actual spending to ensure timely in-service reporting and manage available funds for maximum effectiveness.

10. Responsible for ensuring the accurate and timely capitalization, depreciation and disposal of capital assets in accordance with Generally Accepted Accounting Principles and organizational policies. Assigns capital project costs to depreciable components using AHA useful life guidelines to strategically manage the capital planning process, accurately recover the capital investment through depreciation expense, and adequately comply with regulatory requirements

11. Works with the WVUHS lease team, legal, and reimbursement to ensure that all capital and embedded leases are recorded in accordance with Generally Accepted Accounting Principles and comply with federal Anti-Kickback Statutes. Ensures that the WVUH capital budget is decremented appropriately for new capital and embedded leases.

12. Assists with structuring and securing debt to finance the objectives of the Hospital, Practice Plan, and subsidiary corporations. Develops & monitors organizational policies, practices and procedures related to all aspects of capital lease accounting, including the impact of new accounting standards and any impact on existing policies

13. Proactively consults with and collaboratively works with external bond counsel in the early stages of structuring any new financing arrangements in order to ensure all legal and regulatory aspects are considered and handled appropriately. Assists with structuring and securing debt to finance the objectives of the Hospital, Practice Plan, and subsidiary corporations.

14. Member of tax-exempt debt compliance team. As a member of this team, ensures ongoing compliance with federal tax rules and regulations governing the use of bond proceeds and requirements as to use financed property and yield restriction and rebate requirements. Proactively consults with and collaboratively works with external bond counsel in the early stages of structuring any new financing arrangements in order to ensure all legal and regulatory aspects are considered and handled appropriately.

15. Tracks detailed project charges by funding source to comply with debt requirements, support construction fund draw-downs, and calculate construction period interest. Assigns depreciable assets to relevant funding sources for compliance reporting throughout the life of the debt. Member of tax-exempt debt compliance team. As a member of this team, ensures ongoing compliance with federal tax rules and regulations governing the use of bond proceeds and requirements as to use financed property and yield restriction and rebate requirements.

16. Works collaboratively with the WVUH/UHA senior management team, SOM leadership, WVUHS executives, and WVUH/UHA staff by providing timely assistance related to financial matters. Tracks detailed project charges by funding source to comply with debt requirements, support construction fund draw-downs, and calculate construction period interest. Assigns depreciable assets to relevant funding sources for compliance reporting throughout the life of the debt.

17. Maintains an excellent rapport with executives, physicians, management and staff and gains cooperation while working toward institutional goals and objectives. Requires establishing trust and credibility among all constituents. Works collaboratively with the WVUH/UHA senior management team, SOM leadership, WVUHS executives, and WVUH/UHA staff by providing timely assistance related to financial matters.

18. Models adaptive behavior by demonstrating a proactive attitude and enthusiasm while exhibiting patience with different cultures and divisions of WVUH/UHA and WVUHS. Demonstrates honesty, integrity and a strong work ethic. Maintains an excellent rapport with executives, physicians, management and staff and gains cooperation while working toward institutional goals and objectives. Requires establishing trust and credibility among all constituents.

19. Demonstrates strategic thinking and effectiveness by identifying future needs and problem areas, developing workable solutions, and following through on solutions. Models adaptive behavior by demonstrating a proactive attitude and enthusiasm while exhibiting patience with different cultures and divisions of WVUH/UHA and WVUHS. Demonstrates honesty, integrity and a strong work ethic.

20. Takes immediate action upon the discovery of serious discrepancy situations. Documents actions and rationale for decision. Demonstrates strategic thinking and effectiveness by identifying future needs and problem areas, developing workable solutions, and following through on solutions.

21. Maintains personal program to improve professional and business skills necessary for high-level performance within the position. Attends meetings and seminars to maintain knowledge of current trends and developments in the field, presents information obtained as in service training sessions as necessary. Takes immediate action upon the discovery of serious discrepancy situations. Documents actions and rationale for decision.

22. Supports or participates on various WVUH/UHA committees as appointed. Maintains personal program to improve professional and business skills necessary for high-level performance within the position. Attends meetings and seminars to maintain knowledge of current trends and developments in the field, presents information obtained as in service training sessions as necessary.

23. Carries out special projects and performs other duties as assigned. Supports or participates on various WVUH/UHA committees as appointed.

24. Carries out special projects and performs other duties as assigned.

PHYSICAL REQUIREMENTS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Office work which includes sitting for extended periods of time.

WORKING ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Normal office working environment.

SKILLS AND ABILITIES:

1. Demonstrates leadership abilities.

2. Demonstrates excellent written and verbal communication skills and interpersonal skills

3. Ability to communicate ideas.

Additional Job Description:

Scheduled Weekly Hours:

40

Shift:

Exempt/Non-Exempt:

United States of America (Exempt)

Company:

WVUH West Virginia University Hospitals

Cost Center:

541 WVUH Accounting