Brookwood Medical Center - Birmingham, AL
posted 5 months ago
The Controller of Financial Operations at Brookwood Baptist Medical Center plays a crucial role in overseeing the financial health of the organization. This position assists the Chief Financial Officer (CFO) in managing daily financial operations, which includes a comprehensive review of month-end close processes, analysis, and strategic action planning. The Controller is responsible for monitoring key performance indicators on a daily basis, as well as overseeing supply chain and revenue cycle operations. A significant aspect of this role involves safeguarding the hospital's assets and ensuring that financial statements, books, and records are prepared and maintained in accordance with Generally Accepted Accounting Principles (GAAP). In addition to these responsibilities, the Controller provides hands-on training and continuous improvement support to department leaders and staff regarding market financial operations. This includes the preparation of the Market's annual detailed operating budget, routine forecast preparation, and adherence to audit requirements for Graduate Medical Education (GME) and Laboratory services. The Controller also oversees Shared Services, Lab, and GME entities, ensuring that financial operations are optimized across the market. The role requires active participation in both long-term and short-term financial processes, making recommendations, analyzing deficiencies, and preparing necessary reports. The Controller provides director-level oversight for finance teams within Lab and GME, working closely with hospital controllers to enhance performance. Collaboration with market department leaders is essential to develop work plans aimed at improving financial operations and quantifying the financial impact of various improvement projects. The Controller must stay attuned to activities within the Internal Audit department to ensure compliance and complete self-audit risk assessments. Ensuring compliance with the Sarbanes-Oxley Act (SOX) is also a critical responsibility, along with regular reviews and audits of practices within the organization and its affiliates. Timely and accurate month-end reporting and performance analysis for both revenue and costs against budget/forecast are key deliverables. The Controller is expected to have a working knowledge of balance sheet reconciliation and to identify areas of shortfall, assisting in the development of mitigation plans. Completing quarterly and routine forecasts accurately and on time for CFO review and approval is also part of the role. The Controller is responsible for the annual operating budget process, which includes gathering information, obtaining input from department leaders, and determining efficient and effective ways to meet budget goals. Additionally, the Controller assists department heads in program planning, which encompasses organizational goal achievement, budgeting, facilities, equipment, supplies, utilization, and statistical/financial reporting. The position also involves preparing revenue, cost, and service line analyses, as well as pro forma development as needed. Close collaboration with the CFO on initiatives to ensure successful management of financial operations is essential, and the Controller should be prepared to perform the responsibilities of the CFO if necessary. Other duties may be assigned as required.