Overview
Finance Manager Jobs in Manhattan, NY at Medasource
Title: Finance Manager
Company: Medasource
Location: Manhattan, NY
Finance Manager
Duration: 6-month contract to full-time hire
Start: ASAP
Interview Process: Starting week of March 30, 2-3 rounds
Schedule: 35 hours/week, 2+ days onsite
The Finance Manager is responsible for monitoring and helping manage the overall financial performance and effectiveness of our Client. The Finance Manager will be involved with daily financial and strategic planning, perform variance analysis for each accounting period, help set and manage the fiscal year budgets, and provide recurring and ad hoc reporting. They will be tasked with understanding the funds flow (revenues and expenses), budgets, and accounting structure across the clinical, research, and education missions, as well as their core departmental operations. They may also have at least one direct report to support these responsibilities.
Success in this role relies as much on technical knowledge as it does on communication skills and an initiative-taking mindset. The Finance Manager will be reporting directly to central FPA&B and will have a dotted line to Departmental Leadership, specifically maintaining a very close working relationship with the appropriate Departmental Administrator/Institute Director, Finance/Business leads, staff, and faculty within those departments, often taking directives from both Finance and Departmental leadership.
Key Responsibilities:
- Oversee and help manage financial performance, P&L, budgeting, and funds flow for the departments of Surgery and the Transplant Institute. Prepare monthly reporting packages, perform variance and trend analysis to ensure transparency and accountability. Communicate results with departmental and finance leadership.
- Supervise financial staff, including managers and analysts as applicable.
- Prepare forecasts on at least a quarterly basis to assist departmental leadership and faculty with operational and strategic planning.
- Help establish annual budgets and long-range plans by reviewing baselines with leadership and facilitating any additional requests for approval.
- Ensure compliant use of all funding sources including, but not limited to, clinical, operating, sponsored awards (grants), recruitment, and philanthropy.
- Recommend and implement changes to maintain balanced accounts (compared to budget and within available balances as applicable) and help resolve funding shortages. Help align financial needs with available organizational resources.
- Partner with departmental leadership on business planning and strategic initiatives, providing financial analysis, modeling, and insights to evaluate new programs, assess return on investment, and support value driven projects across the department.
- Monitor expenditure related to grants and contracts, oversee the preparation of financial reports as required, and ensure the appropriate use of sponsored awards as required by federal, state, local and university regulations, and adherence to all institutional deadlines and processes.
- Review and investigate departmental financial transactions, help identify compliance issues, and process journal entries and expense transfers in line with general accounting standards.
- Monitor personnel allocations across accounts and, at times, process required changes or direct appropriate staff to process required changes.
- Help develop and implement finance goals and metrics related to fiscal management of the departments, program development, and related operational, staffing, and financial issues that arise.
- Contribute energetically to an environment of effective financial reporting and analysis, time management and prioritization, compliance with regulations, and adoption of leading practices.
- When needed, provide flex support for FPA&B coworkers in support of ALL academic departments, not just Surgery and Transplant Institute.
Job Requirements:
- Minimum of 5 years progressively responsible experience managing budgets, business development, and financial operations of complex matrix organizations at academic medical centers
- Firm understanding of basic accounting principles, budgeting, business planning, variance analysis, and problem solving.
- Excellent verbal and written communication skills, interpersonal and critical thinking skills.
- Adaptive learner. Able to multi-task and manage various deliverables while adhering to deadlines.
- Candidate must have a bachelor’s degree in accounting, finance, or a related field. MBA preferred but not required.
