Director, Hospitals & Health Systems (Finance)

Description

About Alvarez & Marsal
Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work-guided by A&M's core values of Integrity, Quality,
Objectivity, Fun, Personal Reward, and Inclusive Diversity-are why our people love working at A&M.

The Team

The Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As an established leader, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our experts advise on financial and operational performance, strategic growth, and value optimization throughout the investment lifecycle.
We offer specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our team works with a broad range of clients, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, and suppliers, as well as vision centers, dental practices, and laboratories.

How you will contribute

As a Director you will be leading a team and acting as the main conduit between healthcare clients and our team on a range of complex assignments. You will manage projects by developing project goals and timelines, overseeing interview activities, gathering relevant data, reviewing work product of junior staff, and communicating with clients directly. The position is a unique opportunity to develop and grow key skills in the diverse and ever-changing Healthcare Industry. This role requires a flexible clear thinker with an aptitude for design and eye for "zero-defect" work. While this role is primarily client-facing and operational, the Director will also be expected to support marketing, R&D and additional roles as the client may request it. Depending on the client project the responsibilities of a Director may typically include:

• Knowledge of engagement economics and overall product delivery, budgeting, and timely billing & collections including managing the implementation risk and profitability for smaller scale projects.
• Building, reviewing, and presenting appropriate financial models such as 13-week cash-flow forecast, pro-forma analysis and three statement financial models to clients.
• Communicating and engaging with clients to foster compatible relationships and provide high quality updates both written and verbal.
• Providing strategic guidance to manage a client through crisis and/or quick solutions and time frames.
• Managing performance of project teams, including assigning and delegating project responsibilities and providing on-the-job coaching and constructive feedback.
• Improving client tracking tools and developing KPIs and metrics to identify and quantify quality and operational performance improvement opportunities.
• Swiftly identifying and resolving root causes of client issues while understanding the importance of urgency and accuracy of redesigning processes and developing solutions to achieve client goals.
• Engaging in c-suite and board level conversations regarding the challenges facing clients and strategic initiatives for solving them.
• Utilizing your experience and expertise to effectively function in interim roles (e.g., CEO, CFO, COO, other).
• Developing transition and hand-off plans to ensure that improvements are sustainable.
• Acting as integral member of sales team developing significant portions of proposal and pitch documents.
• Effectively developing and managing client project plans and teams including meeting deadlines and managing on time deliverables.
• Building relationships with clients and seeking opportunities to expand the scope of business while generating leads.
• Driving client acquisition using A&M-wide relationship management tools.
• Managing and mentoring junior staff including formal and informal training and development and mentoring.

We are seeking someone to join our team with an entrepreneurial and collaborative mindset who will manage ambiguity and thrive in a fast-paced environment. As a Director you will have the opportunity to develop a team environment where you and your team members embrace a commitment to quality work and continuous improvement. You will use your judgment to assign and delegate project responsibilities while balancing the need for efficiency and providing on-the-job training opportunities to further develop staff skillsets.

Qualifications

• A minimum of Eight (8) years of prior work experience in healthcare, consulting or healthcare industry such as healthcare banking, accounting, audit, private equity, managed care, health plans or healthcare operations with a healthcare focus
• BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH
• Professional certifications such Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications preferred.
• Working knowledge of healthcare industry, including a fundamental understanding of healthcare finance, operations, valuation and various laws and regulations.
• Advanced level of Excel proficiency and experience in financial modeling and analysis with the ability to build 13-week cash flow forecast and three statement model from scratch.
• Advanced Microsoft PowerPoint and Word skills a must; experience with Tableau, SQL, SPSS, Power BI, Action O-I benchmarking, MGMA survey data a plus.
• Ability to identify key operational performance drivers, cash flow forecasting, and flexibility to support clients with a broad array of issues.
• Experience with managing client engagements, deliverables and workstreams while mentoring junior staff.
• Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel.
• Willingness and ability to travel as required.
• High energy self-driven individuals and leaders with sound judgement and a passion for healthcare and solving complex issues.

Your Journey at A&M
We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on the-job learning opportunities, you can acquire new skills and advance your career.

We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.

The salary range is $160,000 - $180,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts,
life, AD&D, and disability coverages at rates determined periodically as well as a 401(k) retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k) retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M's benefits programs.

Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them.