Director of Financial Operations - Nathaniel Witherell Skilled Nursing Facility

$120,212 - $150,264/Yr

Town Of Greenwich - Greenwich, CT

Part-time,Full-time - Senior

Greenwich, CT

Repair and Maintenance

About the position

The Director of Financial Operations at Nathaniel Witherell Skilled Nursing Facility is responsible for overseeing the financial operations of the facility, ensuring that all financial activities are conducted in accordance with established policies and regulations. This role involves strategic financial planning and the management of day-to-day financial operations, including accounting controls over revenues, expenditures, accounts receivable, accounts payable, and payroll. The Director will also be responsible for the timely handling and filing of all required cost reports and audit requests, ensuring compliance with federal, state, and local regulations. In this position, the Director will coordinate and reconcile accounting operations between the integrated financial systems established by the Town and the billing system used by the facility. The role requires transforming data into actionable information to support management decisions and ensuring that the facility operates within its Town-approved budget. The Director will oversee ongoing budget administration, monitor expenditures, and ensure that projects are implemented in a timely manner and within budgetary constraints. Additionally, the Director will develop departmental budgets and work closely with department supervisors to ensure compliance with budget parameters. The Director will also be responsible for preparing monthly financial statements, including revenues by payer and expenses by department, and presenting these reports to the Finance Committee of the Board of Directors and the Town Finance Department. This role requires effective communication skills to convey technical financial information clearly to non-technical stakeholders. The Director will interact with various stakeholders, including Town officials, boards, committees, community groups, insurers, vendors, and the general public, to ensure the financial health of the facility and support the Town's policies and philosophy.

Responsibilities

• Direct the overall financial operations of The Nathaniel Witherell skilled nursing facility.
• Supervise Business Office staff and coordinate accounting operations between integrated financial systems and billing systems.
• Transform data into information to support management decisions and ensure compliance with the Town-approved budget.
• Oversee ongoing budget administration and monitor expenditures to ensure timely project implementation within budgetary constraints.
• Develop departmental budgets and work with department supervisors to ensure compliance with budget parameters.
• Provide timely budget variance information to the Executive Director and Finance Committee of the Board.
• Develop, maintain, and update the fifteen-year Capital Plan in conjunction with relevant stakeholders.
• Attend Quality of Life Committee meetings and present current financial information on capital projects.
• Evaluate the performance of financial management programs for reporting, budgeting, and accounting systems.
• Prepare monthly financial statements for presentation to the Finance Committee and Town Finance Department.
• Monitor and reconcile Accounts Receivable, assisting with collection issues as needed.
• Collaborate with Admissions to ensure proper documentation for every admission.
• Provide financial forecasting and analysis of revenue sources.
• Ensure timely payments of facility obligations and review all payment requests.
• Oversee the timely filing of Medicare and Medicaid cost reports and ensure compliance with fiscal reporting requirements.
• Manage the development of the annual budget and present requests to the Board of Estimate and Taxation.
• Monitor activities impacting revenue and report variances to the Board of Directors.
• Interact with various stakeholders as needed to support financial operations.
• Continuously improve operations and streamline work processes.

Requirements

• Bachelor's degree in Business Administration, Accounting, Economics, or a related field.
• Eight years of directly responsible financial management experience, including five years of supervisory experience.
• Financial experience in a skilled nursing facility or healthcare administration is preferred.
• Knowledge of financial management principles, enterprise fund accounting, budgeting, and internal control procedures.
• Understanding of reporting requirements in a healthcare environment as determined by federal, state, and local agencies.
• Proficiency in Microsoft Office and industry-related software applications, particularly Microsoft Excel.
• Ability to develop short- and long-term financial goals, plans, programs, and policies.
• Skill in analyzing costs, budgets, and financial data to prepare reports supporting financial recommendations.
• Effective communication skills, both oral and written, to convey technical financial information clearly.
• Interpersonal skills to establish and maintain effective working relationships.
• Ability to multi-task and respond positively to direction.

Nice-to-haves

• Experience with financial management in a skilled nursing facility or healthcare administration.
• Familiarity with the Town's financial systems and regulations.

Benefits

• Health insurance coverage
• Dental insurance coverage
• Life insurance coverage
• 401k retirement savings plan
• Paid holidays
• Paid time off (PTO)
• Flexible scheduling options
• Professional development opportunities