System Director, Real Estate Finance
Company: CommonSpirit Health
Location: Englewood
Posted on: June 26, 2022
Job Description:
Overview
CommonSpirit Health was formed by the alignment of Catholic Health
Initiatives (CHI) and Dignity Health. With more than 700 care sites
across the U.S. from clinics and hospitals to home-based care and
virtual care services CommonSpirit is accessible to nearly one out
of every four U.S. residents. Our world needs compassion like never
before. Our communities need caring and our families need
protection. With our combined resources CommonSpirit is committed
to building healthy communities advocating for those who are poor
and vulnerable and innovating how and where healing can happen both
inside our hospitals and out in the community. -This is a remote
opportunityJob Summary / PurposeThe System Director - Real Estate
Finance will oversee and lead the finance, accounting and data
support functions across the National Real Estate Services (NRES)
program, including Facility Management, Energy & Infrastructure
(FMEI), Planning Design & Construction (PDC), Real Estate
Administration (REAS), and Strategy & Development (S&D). This
position will be responsible for the finance planning, budgeting,
accounting, NRES metrics & dashboards and financial reporting
activities across all these functions and our nationally rolled up
entity in accordance with the policies of CHI, DH and eventually
CSH with generally accepted accounting principles. Reporting to the
System SVP and working with and in support of the four System VP's,
he/she will develop a high performing integrated team that delivers
comprehensive finance and reporting solutions. Combining internal
direct report team members while collaborating with and leveraging
key NRES resources, tools, and corporate finance teams throughout
the health system and the Divisions. The System Director will
innovate and improve the processes, procedures and approach; with a
critical focus on highly effective data management, data analytics,
communications, and reporting, leading to actionable decision
making. - - - - -The System Director will play a critical role in
developing and monitoring operating and capital budgets for all
aspects of the NRES platform, including the facility management and
real estate operating budgets at the Division and local levels.
He/she will play a critical role in the NRES teams value capture
(synergy) efforts serving as a partner to the Office of
Transformation and Integration (OTI) as we collectively achieve the
saving needed to secure our future. - They will provide support to
the NRES leadership team in developing and implementing an
evergreen strategic financial plan, a capital planning program,
rigorous KPI monitoring, ongoing capital project accounting,
detailed internal and external financial reporting, and analysis
and reporting for key initiatives such as the Climate Action Plan.
The System Director will play a lead role in developing critical
new programs such as: property level accounting, lease accounting,
real estate investment program and the holding company finance
program. - - -In addition to the understanding of the real estate
finance, operational budgets and capital components, this position
requires a working knowledge of the healthcare operations,
healthcare finance, strategic planning, process management,
contracts, complex financial analysis, strong communication skills
and leadership skills. This role will require acquiring a working
knowledge of CommonSpirit Health Divisions (including policies,
procedures), real estate capital markets, market trends, legal,
operational, financial and compliance. -
Responsibilities
Essential Key Job ResponsibilitiesThe following represents the
essential functions of the System Director:
Operating Budgets: Developing,
updating, maintaining, analyzing and reporting on operating budgets
across the entire NRES platform, including all sub entities -
Value Capture: Working with NRES
leadership and teams in the strategy, analysis, accounting,
forecasting, and reporting across the NRES program and key
initiatives -
Capital Programs: Accounting, salary
capitalization, forecasting, reporting, audit/closeout across all
elements of the CSH capital program including major strategic
reviewable, infrastructure, and ambulatory
Facility Management Program:
Accounting review/audits including OpEx vs CapEx determinations,
annual budgeting and allocation management, analysis, reporting for
all aspects of the program including labor, repairs & maintenance,
utilities, and purchased services - - -
Real Estate Portfolio: Accounting,
billing & collections, expense reimbursement, annual budgeting,
forecasting at the property level
Corporate Holding Company: Private
REIT. Accounting including for-profit and not-for-profit entities
with financial statements. Includes support for the analysis and
development of the holding company
Infrastructure Program: Accounting,
salary capitalization, budgeting, invoice/expense reimbursement,
forecasting, reporting, audit/closeout across the program. -
Real Estate Development:
Collaboration in the financial analysis and pro forma development
for real estate assets and investments. -
Collaborates in the development of
alternative financing vehicles and business planning structures -
Analytics, Forecasting, Metrics &
Reporting: Assists SVP, VP's and Directors by developing,
initiating and improving processes and procedures to enhance
productivity and efficiency
Systems Understanding, Use &
Management: Engagement in the NRES technology consolidation
objectives, reduction to 3-5 key tools. Training to ensure the
detailed understanding and use of key tools:
Projecto - Project management and
capital planning software
APEX - Lease Administration software
FacilityOne - CMMS and facility
management software
Lawson - ERP & Accounting software
(all instances - CHI, DH and CSH) -
Accounting functions: managing
accounts payable and accounts receivable, month-end close & billing
process, recording cash activities, journal entries, account
reconciliations, account analysis, fixed asset tracking &
reconciliation, annual budget preparations & review, preparation of
annual projections, and other assigned tasks
Leads the month-end close process for
all NRES groups, with a focus on FMEI and REAS to ensure
transactions are recorded timely and accurately.
Reviews NRES cost centers to ensure
expenses are appropriate and correct for billing to customers as we
move toward service level agreements.
Monitors asset capitalization and
retirement.
Reconcile inter-company accounts &
processes internal money transfers.
Assists in preparing account
reconciliations and roll forwards.
Prepares and makes deposits into bank
accounts for all NRES platforms.
Team Development & Management: -
Build a team structure that
integrates some new hires, existing NRES team members, corporate
partners, division / business unit resources, and 3rd party
consultants -
Manages all NRES financial analysts
as direct reports, integrating to create a lean team
Develops critical tools, procedures
and processes that will be required to facilitate the NRES and
organizational changes reflected within the development of
CommonSpirit Health. -
Supports the development of
innovative and entrepreneurial business plans focused on
capitalizing on opportunities to create added value (Revenue and
EBITDA) for the organization -
Leads or assists in special projects
with the ability to manage and work with other team members.
Responds to questions about posted
transactions. Reviews and corrects errors processed through ERP
systems on a monthly basis.
Prepares reports and analytics to
NRES leadership including monthly updates to the financial
dashboards.
Prepares, distributes, analyzes and
submits to National Accounting all budgets for the NRES platform. -
Performs budget versus actual
analysis for NRES. Reports variances to business leaders and
assists with development of action plans for improved performance.
Completes year-end projections on a
monthly basis for NRES. Participates in year-end financial
statement audits for NRES.
Reviews and provides input on
financial aspects of contracts where acquisitions, mergers or
divestitures where any real estate aspects are present.
Stay current with accounting
literature and GAAP to ensure accounts are stated in accordance
with relevant principles.
Keywords: CommonSpirit Health, Denver , System Director, Real Estate Finance, Executive , Englewood, Colorado
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