Essential Functions: The Financial Manager of Health Affairs manages operational contract budgets and finances for the School of Medicine's Department of Health Affairs in relation to Wayne Health (University Physician Group), Wayne Pediatrics, 400 Mack building and other affiliates. Monitors accounts, programs and projects and provides recommendations. Approves expenditures for all units and evaluates current operations in order to identify and implement improved procedures, policies and strategies.Essential Functions:Manages the relationship between Medicaid claims and payment distribution between the clinical practice plans, state of Michigan and School of Medicine, including the Public Entity Payment Adjustor Program. Monitors Public Entity Payment Adjustor Program budget and regularly creates financial projections. Manages business development and new affiliation contracts.Executes the operational contract for the 400 Mack building; reconciling contracts between Wayne Health (University Physician Group) and Wayne State University regarding revenue and expenses, collaborating with internal stakeholders such as the Director of Contracts.Manages the finances of both planned and unplanned projects, such as COVID testing between Wayne Health (University Physician Group) and the School of Medicine.Prepares analyses, studies, reports and recommendations to improve efficiencies and optimize the use of resources. Presents findings and process improvement recommendations to leadership. Develops and enhances financial reporting and monitoring systems; identifies needs of internal and external customers; interprets, explains and revises findings as required to ensure pertinent issues and concerns are addressed. Creates and maintains internal control systems to ensure integrity of financial transactions and prevent errors, omissions and possible fraudulent activity.Performs other related duties as assigned.
Qualifications: MINIMUM QUALIFICATIONSEducation: Bachelor's degree Requires a Bachelor's degree from an accredited college or university in Accounting, Business or a related field. Candidates with an equivalent combination of education and experience may be considered. Experience: Intermediate (3 to 4 years job-related experience)Requires a minimum of 3 to 4 years of experience with finance, accounting, audit/financial controls, and budget development/administration, including gathering, analyzing, reporting, forecasting and presenting financial information to management and internal/external stakeholders. Knowledge, Skills and AbilitiesExcellent oral and written communication skills. Ability to communicate effectively and professionally with others. Ability to present technical information and complex data to internal/external stakeholders in easily understood terms.Strong analytic and problem resolution abilities. Identifies and resolves problems in a timely manner. Gathers and analyzes information skillfully.Extensive knowledge of and experience with University organizations, practices, programs and computing systems. Extensive knowledge of business operations and polices of external agencies and university affiliates. Extensive knowledge of, interpretation and application of University, School and Department administrative policies and procedures.Ability to shift priorities and multi-task on various projects. Develops strategies to achieve organizational goals. Accurately scopes out length and difficulty of tasks and projects. Realistically estimates time and resource requirements on projects.
Internal Number: 76_208343
About Wayne State University
Founded in 1868, Wayne State University is a nationally recognized metropolitan research institution offering more than 400 academic programs through 13 schools and colleges to nearly 32,000 students. Wayne State?s main campus in Midtown Detroit comprises 100 buildings over nearly 200 acres; its five extension centers offer higher education to people throughout Southeast Michigan. Wayne State is dedicated to preparing students to excel by combining the academic excellence of a major research university with the practical experience of an institution that by its history, location and diversity represents a microcosm of the world we live in. Reflecting its location and the excellent international reputation of its graduate schools, particularly in the sciences, Wayne State boasts the most diverse student body among Michigan?s public universities. Its students represent 49 U.S. states and more than 60 countries.