Associate – Finance and Business Operations, Population Health Operations - Mount Sinai Health Partners

Job Title: Associate – Finance and Business Operations, Population Health Operations - Mount Sinai Health Partners 

Summary

Mount Sinai is one of the largest non-profit health systems in the U.S. with a strong reputation for quality of care

(18th ranked academic medical center) and research/education (22nd ranked medical school). Our health system has

~40,000 employees working together to provide billions of dollars in high-quality care for millions of patients each year.

We are accelerating a transition to a business model focused on population health management – our goal is to keep entire communities healthy and out of the hospital. Mount Sinai Health Partners (MSHP) is the team driving this transformation within Mount Sinai. The team includes 400+ employees with clinical, contracting, finance, IT, analytics, operations, and product development expertise.

MSHP is a fast growing business unit within Mount Sinai and is looking for team members who:

• Are comfortable “playing up” and “playing down” as needed to accomplish business objectives
• Work productively amidst ambiguity
• Strong interpersonal skills
• Detail oriented and organized
• Diligent and self-motivated
• Thrive in fast-paced  work environments
• Seek to improve the status quo 

Within MSHP, the Population Health Operations Team develops the Population Health strategy and drives key initiatives to support that strategy across all other MSHP and MSHS business functions, including contracting, analytics, clinical operations, commercialization, and IT. The Population Health Operations Team also owns the core business operations of the population health enterprise, including finance and team growth & development.

Role Summary

MSHP seeks an Associate - Finance and Business Operations to support the development and operations of the finance function which currently serves Mount Sinai’s population health business, and will also serve Mount Sinai’s commercialization clients. The ideal candidate is a professional with 2-3 years of experience with a finance or consulting background. The candidate must be a strong self-starter who is excited about building and operationalizing a finance function from the ground up in a fast-paced, start-up like environment. The candidate must be a dynamic individual who has a customer service mindset, strong analytical problem solving skills, and a commitment to continuous improvement and innovation.
 

The Associate - Finance and Business Operations will be responsible for working with the Director of Finance to support the creation of standard processes and tools for the MSHP finance function. The Associate - Finance and Business Operations is also responsible for building analyses and tackling ad hoc analytical projects to support the needs to internal Population Health Leadership. Responsibilities include:

• Follow and enforce appropriate financial controls – ensure timely and accurate financial transactions
• Prepare monthly, quarterly, and annual financial reports for Commercial products and services to meet the needs of external commercialization clients and auditors
• Support the development of financial forecasts that align with strategy

• Support the development of annual budgets
• Run other analyses as necessary to track and assess the operations and overall performance of the population health finance department
• Serve as a trusted, strategic finance partner to the Director of Finance in tracking and understanding drivers of cost, operational efficiency, revenue growth and profitability

The Associate - Finance and Business Operations, Population Health Operations will report to the Director of Population Health Finance.

Responsibilities

Commercial Client Financial Operations (50%)

• Build and manage revenue reporting for various Commercial products and services through invoicing external clients, tracking invoices paid, and troubleshooting obstacles as they arise
• Collaborate closely with Product, Operations, and Sales teams to support the build of financial systems and forecasting tools for new Commercial products and services in collaboration with MSHP finance team members
• Oversee quarterly reconciliations of revenue and costs for Commercial clients
• Coordinate the provision of information to external auditors on an as requested basis
• Serve as the face of Population Health financial enterprise and collaborate with external client Finance counterparts

Financial Reporting (10%)

• Facilitate monthly meetings with department Leadership to review year-to-date financials and forecast annual expenses; provide supplemental reporting as needed in collaboration with MSHP finance team members
• Derive insights from financial projections and prepare materials to support Leadership Team discussions
• Help drive KPI and financial accountability and visibility throughout the organization through compiling and reporting out financial KPIs
• Provide ad hoc financial analyses for MSHP Finance team, MSHP leadership, and MSHS leadership as requested

Annual Budget (20%)

• Support the development of the annual operating budget with the Director of Finance through creating work plans and timelines, building tools and templates for Leadership team to leverage when submitting budget request, and managing Leadership team’s expectations of budget parameters in accordance with system standards set by the MSHS CFO
• Create materials to support Population Health Leadership Team budget presentations to MSHS CFO
• Support Director of Finance in submitting budgets and ensuring proper MSHS accounting system format is followed
• Provide budget updates to Leadership Team as necessary, and provide finalized budgets to Leadership Team once approved by MSHS CFO

Financial Transactions (20%)

• Follow appropriate financial controls, systems, and procedures – ensure timely and accurate review and approval of financial transactions in the MSHS accounting system

• Maintain a tracker of high-importance and high-value contracts relevant to the population health business, and ensure contracts are actively managed
• Provide day-to-day support to teams on financial transactions questions, and work with MSHP Team Coordinators to facilitate large or outstanding financial transactions

Qualifications

Education and Experience

• Bachelor’s degree required
• 2-3 years of professional experience required
• Prior experience must have been in a role which required both analytical and interpersonal skills as well as management of complex, high-stakes initiatives
• Experience with financial modeling and financial reporting
• Prior experience at a healthcare-focused startup, financial institution, financial consulting firm, or health insurer preferred
• Advanced knowledge of Excel, including experience building complex models in Excel
• Functional knowledge of value-based contract structure a plus, or motivation to learn coupled with demonstrated ability to successfully learn complex subject matter on the job
• Ability to prioritize and adapt quickly in a fast paced environment
• Comfortability with modeling and analyzing open-ended operational questions

Additional Skills and Qualities

• Self-Starter– highly motivated individual with strong work ethic and desire to learn
• Professional demeanor – Able to interface with senior leaders from large organizations
• Strategic thinker – natural strategic thinker that is able to understands how individual project activities fit within and contribute to the overall population health business
• Problem solver – responds to problems with suggested solutions; sound judgment and decision-making abilities
• Analytic skillset – able to perform complex analytics including financial analyses, P&L development; exceptionally fluent in Excel
• Effective communicator – excellent written and verbal communication; able to summarize analyses in a way that simplifies complex ideas and synthesize information into insights
• Flexible team player – able to collaborate well with diverse set of team members, comfortable working in a start-up environment, and responds effectively to constructive feedback
• Organized – meticulous and detail-oriented; consistently meets timelines and objectives
• Reliable – delivers high-quality work and accurate analyses; proactively addresses questions or concerns in a timely manner
• Passionate innovator – desire to join a fast-paced, growth-oriented environment with a passion for delivering superior health value and improving health care in the US

About the Mount Sinai Health System

The Mount Sinai Health System is New York City's largest integrated delivery system, encompassing eight hospitals, a leading medical school, and a vast network of ambulatory practices throughout the greater New York region. Mount Sinai's vision is to produce the safest care, the highest quality, the highest satisfaction, the best access and the best value of any health system in the nation.

The Health System includes approximately 7,480 primary and specialty care physicians; 11 joint-venture ambulatory surgery centers; more than 410 ambulatory practices throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and 31 affiliated community health centers. The Icahn School of Medicine is one of three medical schools that have earned distinction by multiple indicators: ranked in the top 20 by U.S. News & World Report's "Best Medical Schools", aligned with a U.S. News & World Report's "Honor Roll" Hospital, No. 12 in the nation for National Institutes of Health funding, and among the top 10 most innovative research institutions as ranked by the journal Nature in its Nature Innovation Index. This reflects a special level of excellence in education, clinical practice, and research. The Mount Sinai Hospital is ranked No. 18 on U.S. News & World Report's "Honor Roll" of top U.S. hospitals; it is one of the nation's top 20 hospitals in Cardiology/Heart Surgery, Gastroenterology/GI Surgery, Geriatrics, Nephrology, and Neurology/Neurosurgery, and in the top 50 in six other specialties in the 2018-2019 "Best Hospitals" issue. Mount Sinai's Kravis Children's Hospital also is ranked nationally in five out of ten pediatric specialties by U.S. News & World Report. The New York Eye and Ear Infirmary of Mount Sinai is ranked 11th nationally for Ophthalmology and 44th for Ear, Nose, and Throat. Mount Sinai Beth Israel, Mount Sinai St. Luke's, Mount Sinai West, and Mount Sinai South Nassau are ranked regionally.

The Mount Sinai Health System is an equal opportunity employer. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation.

Strength Through Diversity

The Mount Sinai Health System believes that diversity, equity and inclusion are drivers for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education, and advancement as we revolutionize medicine together and participate actively as a leader within the Mount Sinai Health System by:

• • Serving as the primary resource management representative of the Mount Sinai leadership teams, committees, etc., and acting as the primary executive leader interface between Mount Sinai and key executives from the health systems’ vendors and partners.

• • Engaging with relevant thought leaders and policy-makers at the federal and state levels, and representing the Health System as assigned.

• • Using a lens of equity in establishing and promoting policies and procedures and providing opportunities for all to thrive.

• • Confronting racist, sexist or other inappropriate behavior and challenges exclusionary organizational practices and serving as a role model to promote anti-racist behaviors.

• Inspiring and fostering an environment of anti-racist behaviors among and between departments and co-workers.

We work hard to recruit and retain the best people, and to create a welcoming, nurturing work environment where you have the opportunity and support to develop professionally. We share the belief that all employees, regardless of job title or expertise, have an impact on quality patient care. 

Explore more about this opportunity and how you can help us write a new chapter in our story! 

Who We Are

Over 42,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.

Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospitals, including Mount Sinai Beth Israel, Mount Sinai Brooklyn, The Mount Sinai Hospital, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai Morningside (formerly Mount Sinai St. Luke’s), and New York Eye and Ear Infirmary of Mount Sinai.

The Mount Sinai Health System is an equal opportunity employer. We comply with applicable Federal civil rights laws and does not discriminate, exclude, or treat people differently on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, or gender expression. 

EOE Minorities/Women/Disabled/Veterans