Business Office Manager

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.

• 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.

• 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.
• 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.
• Financial Reporting
  • Prepare accurate and timely financial reports, statements, and analyses for internal and external stakeholders.
  • Ensure compliance with accounting principles and reporting standards.
• Cash Flow Management
  • Manage cash flow, including monitoring daily cash balances, overseeing payables and receivables, and optimizing working capital.
  • Implement effective cash management strategies.
• Financial Compliance
  • Ensure compliance with regulatory requirements, accounting standards, and internal policies.
  • Collaborate with auditors during financial audits and implement audit recommendations.
• Cost Control and Efficiency
  • Identify opportunities for cost savings and efficiency improvements.
  • Implement measures to control costs without compromising the quality of services.
• 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.
• Contract and Vendor Management
  • Review and negotiate contracts with vendors and service providers.
  • Ensure cost‑effective vendor relationships and compliance with contract terms.
• 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.
• 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.

• 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.