JOB SUMMARY
The Budget Advisor - HTPN serves as a key budgeting and financial planning resource for the North Texas Medical Group (HTPN) of Baylor Scott and White Health (BSWH). The role directly contributes to the formation of an annual budget that aligns with the goals and objectives of Baylor Scott and White (BSWH).
ESSENTIAL FUNCTIONS OF THE ROLE
Works closely with operational and finance leadership to develop a robust, fiscally-prudent annual budget. Provides budgetary analysis and support for administrators, department directors, and others as directed or required, to assist in the efficient and cost-effective operation of BSWH.
Prepares the operating and capital budget(s) for assigned clinical areas, in line with organization financial surplus and growth targets.
Prepares the 5-year rolling financial operating forecast to include statistics, payer mix, payments capital, etc. inclusive of known operational impacts and changes to the operational strategy.
Prepares analysis and presents and defends findings, for any potential capital acquisitions, projects, new services, etc.
Provides ongoing budget vs. actual revenue and expense variance analysis through review of both standard reports and reports which have been developed specifically for the entity.
Prepares verbal or written results of analysis of department operating efficiencies and presents/discusses them with management and others as required.
Prepares operating pro-formas for proposed new services/projects/capital as required. Understands financial operations and work with all levels of assigned areas, finance, clinical management/personnel to ensure the accuracy of the analysis.
Maintains professional growth through participation in educational programs and professional organizations and activities to maintain knowledge of current trends, practices, and developments.
Conducts budget trainings for BSWH personnel as directed.
KEY SUCCESS FACTORS
- Prior 2-3 years of relevant experience in a healthcare ops budgeting / FP&A role
- Educational background (Bachelors or Masters Degree) in Business, Finance, Accounting, or Healthcare Administration or related area
- Strong experience in financial modeling / forecasting
- Strong Microsoft Excel knowledge (VLOOKUP, Index/Match, etc.)
- Proficiency with Kaufman Hall / Syntellis Axiom budgeting software
The information contained in this job description is intended to describe the essential job functions required of those assigned to this job. It is not intended to be an exhaustive list of all responsibilities, duties, knowledge, skills, and abilities needed to perform the job. Please note that management retains the right to assign or reassign duties and responsibilities to this job at any time. The ability to competently perform all the essential duties of the position, with or without reasonable accommodation, demonstrated commitment to effective customer service delivery, integrity, and the ability to work productively as a member of a team or work group are basic requirements of all positions at Baylor Scott & White Health.
BENEFITS
Our competitive benefits package includes the following
- Immediate eligibility for health and welfare benefits
- 401(k) savings plan with dollar-for-dollar match up to 5%
- Tuition Reimbursement
- PTO accrual beginning Day 1
Note: Benefits may vary based upon position type and/or level
QUALIFICATIONS
- EDUCATION - Bachelor's
- EXPERIENCE - 3 Years of Experience