Budget Manager jobs in Medford, MA

Robert Half Talent Solutions has an opening for a Budget Manager. The Budget Manager is responsible for developing, monitoring, and analyzing the hospital's budget, identifying cost-saving opportunities, and providing financial guidance to hospital administrators and department heads.

Responsibilities:

1. Budget Development:

- Work with hospital leadership to develop annual operating and capital budgets.

- Collaborate with department heads to gather budget requests and ensure they align with the hospital's strategic goals.

2. Budget Monitoring:

- Track and monitor budget performance throughout the fiscal year, identifying and addressing variances promptly.

- Prepare regular financial reports and budget status updates for hospital management.

3. Financial Analysis:

- Conduct financial analyses to identify trends, cost-saving opportunities, and potential revenue enhancements.

- Make recommendations based on data and analysis to improve financial performance.

4. Cost Control:

- Implement and monitor cost control measures to ensure expenses align with budgetary constraints.

- Review and approve financial transactions to ensure compliance with budgetary guidelines.

5. Forecasting:

- Develop financial forecasts to assist hospital leadership in making informed decisions about resource allocation.

- Analyze and project future revenue and expenses.

6. Compliance and Regulation:

- Ensure that budgetary and financial practices adhere to regulatory and compliance standards specific to the healthcare industry.

- Stay up-to-date with changes in healthcare finance regulations and adjust practices accordingly.

- Identify process gaps and develop and document go-forward processes.

7. Financial Reporting:

- Prepare and present financial reports, presentations, and recommendations to hospital executives and the board of directors.

- Assist with annual audits and financial statement preparations.

8. Strategic Planning:

- Collaborate with hospital leadership to align budgeting strategies with the hospital's long-term strategic goals.

- Participate in strategic planning activities related to financial management.

Qualifications:

- Bachelor's degree in finance, accounting, business, or a related field (Master's degree is often preferred).

- Relevant work experience in budget analysis, financial planning, or healthcare finance.

- Strong knowledge of healthcare finance regulations and compliance requirements.

- Proficiency in financial software and tools (e.g., Excel, budgeting software, financial modeling).

- Analytical and problem-solving skills.

- Excellent communication and interpersonal skills.

- Attention to detail and strong organizational abilities.