Manager, Cost Accounting and Labor Productivity

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Summary

Under the direction of the Director, Finance and Decision Support, the Manager, Cost Accounting & Labor Productivity is responsible for providing analytical and financial support to the leadership and service line management team of Howard County General Hospital. The Manager, Cost Accounting & Labor Productivity will evaluate complex financial data, provide productivity reports, prepare financial trend reports, provide recommendations to management, prepare and perform all related tasks during the development of business plans, initiatives, and/or investments, and strategic ventures. This includes overseeing the decision support functions that shall include, but not be limited to, routine processing required to maintain the cost accounting databases, development of costing standards and RVUs, and overseeing the distribution of timely and accurate labor benchmarking and productivity reports. Reports developed under this position may be used to improve hospital operations or to support annual budgets. The focus of this position is to deliver insightful, value-added information and analysis for services in Howard County. The manager must be customer-oriented, self-directed, collaborate with executives, leadership, physicians, clinicians, and other business stakeholders, and be a driver of change to effectively build business requirements necessary for timely, accurate, and effective solutions that will improve decision-making. The manager will be responsible for developing a senior analyst and educating and advising end-users on how to appropriately use and interpret data from the cost accounting system and the labor productivity system.

1. Assists hospital leadership in directing the business of the hospital functions by providing information that is helpful to understanding utilization, cost structure, reimbursement, productivity, cost management, and profitability, accurately and timely manner.
2. Designs, constructs, analyzes, and interprets financial models (multi-year) that present the economic elements or considerations of a transaction, operation, or program.
3. Leads the process of developing service line profitability analysis and validating data and complex calculations; shares appropriately.
4. Guides managers and staff in financial concepts and in defining appropriate performance metrics for new and existing services.
5. Researches problems/issues and coordinates with others to find and implement effective solutions.
6. Assists with the refinement and performs or coordinates maintenance of the HCGH cost accounting structure and cost allocation strategy. Also manages system access to customers.
7. Participates in new system implementations or conversions, improving the financial reporting capability of the organization. Networks with other system users, both internally and externally, optimizing system usage.
8. Obtains statistical and financial data for external surveys that are deemed appropriate to respond to by the Senior Leadership to validate financial accuracy.
9. Facilitates initiatives within Finance and Decision Support to recruit and retain staff.
10. Provides ongoing performance feedback and development opportunities to staff.
11. Completes introductory and annual evaluations on time.
12. Utilizes the Human Resources Department for recruitment, retention, employee relations, and employee development activities as needed.
13. Manages Finance and Decision Support expenses to the standards and margins established in the annual budget.
14. Develops and monitors the implementation of annual Finance and Decision Support goals that support the strategies and objectives of the Hospital.
15. Ensures full department compliance with regulatory requirements.
16. Identifies and implements opportunities for departmental process improvements. Evaluates and modifies department processes under the Howard County Management System.

EDUCATION & EXPERIENCE:

1. Requires a Bachelor's Degree in Accounting or Finance with knowledge of current accounting standards and accounting processes, procedures, and systems.
2. Requires a minimum of three (3) years of Maryland healthcare finance, including budget, cost accounting, projection analysis, and financial modeling.
3. Requires a minimum of two (2) years of supervisory experience.

Salary Range: $37.87/hour - $66.28/hour. Compensation will be commensurate with equity and experience for roles of similar scope and responsibility.

We are committed to creating a welcoming and inclusive environment, where we embrace and celebrate our differences, where all employees feel valued, contribute to our mission of serving the community, and engage in equitable healthcare delivery and workforce practices.

Johns Hopkins Health System and its affiliates are drug-free workplace employers.