BUSINESS OFFICE MANAGER
MONTGOMERY, AL

Job Summary: The Business Office Manager is a key financial leadership role responsible for overseeing and managing the financial operations of a nursing facility. This includes budgeting, financial reporting, compliance, and strategic financial planning to ensure the facility's fiscal health and sustainability.

Qualifications:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Proven experience in a financial leadership role, preferably in healthcare or long-term care.
• In-depth knowledge of financial principles, accounting standards, and regulatory requirements.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Proficiency in financial management software and Microsoft Excel.
• Leadership and team management abilities.

Key Responsibilities:

1. Financial Planning and Analysis:
• Develop and implement financial plans, budgets, and forecasts in collaboration with senior management.
• Analyze financial data, trends, and performance to provide insights for decision-making.
2. Budget Management:
• Lead the annual budgeting process, working closely with department heads to establish realistic and effective budgets.
• Monitor budget performance and variance analysis, making recommendations for adjustments as needed.
3. Financial Reporting:
• Prepare accurate and timely financial reports, statements, and analyses for internal and external stakeholders.
• Ensure compliance with accounting principles and reporting standards.
4. Cash Flow Management:
• Manage cash flow, including monitoring daily cash balances, overseeing payables and receivables, and optimizing working capital.
• Implement effective cash management strategies.
5. Financial Compliance:
• Ensure compliance with regulatory requirements, accounting standards, and internal policies.
• Collaborate with auditors during financial audits and implement audit recommendations.
6. Cost Control and Efficiency:
• Identify opportunities for cost savings and efficiency improvements.
• Implement measures to control costs without compromising the quality of services.
7. Financial Systems and Technology:
• Oversee the implementation and maintenance of financial systems and technology.
• Stay informed about advancements in financial technology that could benefit the facility.
8. Contract and Vendor Management:
• Review and negotiate contracts with vendors and service providers.
• Ensure cost-effective vendor relationships and compliance with contract terms.
9. Financial Leadership:
• Provide leadership and guidance to the finance team, ensuring a high level of performance and professionalism.
• Collaborate with other department heads to align financial strategies with overall organizational goals.
10. Strategic Financial Planning:
• Contribute to the development and execution of the facility's long-term financial strategy.
• Provide financial insights and recommendations to support strategic decision-making.

Specific Requirements:

• Must be a supportive team member, contribute to and be an example of teamwork and team concept.
• Must possess the ability to make independent decisions when circumstances warrant such action.
• Must possess the ability to deal tactfully with customers, personnel, residents, family members, visitors, government agencies/personnel, and the general public.
• Must not pose a direct threat to the health or safety of other individuals in the workplace.