Financial Operations Manager

Job DescriptionJob Description

Job Title: Financial Operations Manager

Reports To: CEO
Location: Greater New Orleans Area

Job Summary:

The Financial Operations Manager is responsible for overseeing and managing the financial operations of a multi-location healthcare business. This role will ensure efficient accounts payable processes, lead the budgeting process, and provide timely and accurate financial reporting. Additionally, the Financial Operations Manager will collaborate with billing and collections teams, generate financial KPIs, and implement best practices to optimize financial performance.

Key Responsibilities:

Financial Management and Reporting:

1. Accounts Payable Oversight:
   • Manage and streamline the accounts payable process to ensure timely payments and accurate record-keeping.
   • Monitor vendor relationships and maintain appropriate documentation.
2. Budgeting and Forecasting:
   • Lead the preparation of annual budgets, collaborating with department heads to establish financial goals.
   • Analyze budget performance and recommend adjustments to align with organizational objectives.
3. Month-End Reporting:
   • Prepare and present monthly financial reports, including profit and loss statements, balance sheets, and cash flow analyses.
   • Identify and report variances, trends, and actionable insights.
4. KPI and Monitoring:
   • Generate weekly financial KPIs and reports, providing actionable recommendations to improve performance.
   • Collaborate with team leaders to track progress and achieve financial targets.

Billing, Collections, and Best Practices:

1. Billing and Collections Analysis:
   • Work closely with the billing and collections team to analyze performance metrics and identify opportunities for improvement.
   • Develop and implement best practices to optimize revenue cycle management.
2. Financial Analytics and Recommendations:
   • Perform financial analyses to support decision-making and identify cost-saving opportunities.
   • Provide insights and recommendations to enhance operational efficiency and profitability.

Payroll and Miscellaneous Duties:

1. Payroll Financial Oversight:
   • Assist in the financial aspects of payroll, including reconciliation and reporting.
2. CEO Support:
   • Support the CEO with ad-hoc financial tasks, special projects, and strategic initiatives.
   • Provide clear and actionable financial updates to leadership.

Qualifications:

• Education: Bachelor's degree in Accounting, Finance, Business Administration, or a related field 
• Experience: Minimum 2 years of experience in financial operations, accounting, or a similar role; healthcare industry experience is a plus.
• Skills:
  • Proficiency in financial software (e.g., QuickBooks, NetSuite, or similar) and Microsoft Excel.
  • Strong analytical, organizational, and communication skills.
  • Knowledge of billing and collections processes, preferably in healthcare.
  • Experience with KPI reporting and budget management.
• Traits: Self-starter, detail-oriented, and able to manage multiple priorities in a fast-paced environment.