Finance - Reg Mgr
Posted on: 14 Apr 2021
Marlborough, MA
Job Description
Job Description
Operations Finance Manager - Marlborough, MA
Look for more than answers. Patients and Physicians rely on our diagnostic testing, information and services to help them make better healthcare decisions. These are often serious decisions with far reaching consequences, and require sensitivity, tact and a clear dedication to service. Its about providing clarity and hope.
You will work for the world leader in the industry, with a career where you can expand your skills and knowledge. Youll have a role where you can act with professionalism, you can inspire colleagues, and you can care about the work we do and the people we serve.
At Quest, we are on a continuous journey of discovery and development. Its this attitude that has made us an industry leader and the 1 Diagnostic Lab in the US. For those joining us, we offer exciting and fast moving career opportunities where you can affect change at a rate unheard of in many organizations of our size and scope. While we invest in and develop technology to drive our innovations, our ongoing success relies on our people.
JOB SUMMARY:
The Operations Finance Manager is responsible for driving enhancements to profitability and sound management of Regional business investments and capital deployment, while working with the Regional Finance Director and in partnership with the regional Vice President, Operations and their respective Operational Leadership Team. The successful candidate will be expected to routinely provide business insights on regions financial performance to regional leadership. Although aligned with a Region may be responsible for national initiatives on cost improvement
In New England, the operations manager will be actively involved in existing joint venture with an academic hospital in Massachusetts. Management of the JV P&L; in addition to interaction with our JV partners at the hospital will be an opportunity to learn more about the business and will take place monthly.
This position will have direct reports.
JOB RESPONSIBILITIES:
Ensure integrity of financial reporting processes
Analyze financial and operational reports, and interface with field and Operations Excellence on local cost improvement plans
Maintain financial integrity of the joint venture financials in addition to ensuring our partners are updated on results monthly.
Manage external audit for the joint venture
Acts as primary interface with centralized accounting and other corporate functions while fostering a financial center of excellence model
Monitor, benchmark and analyze:
o Productivity performance by department and function
o Productivity and Expense Trending support of actions required to improve
o Analyze Supply and Lab Sub performance, including cost and test menu analysis
Extensive involvement with FP&A; in capital deployment activity, including
o Capital Spend monitoring and budgeting
o Investment look back analysis
o ROI and NPV calculations for prioritization of capital projects
Interface with Operations Excellence in the validation of monthly Invigorate Reporting and messaging to Regional Operations Leadership Team
Provides FP&A; with financial forecast of cost improvement initiatives, based on acquired business insights from Regional Operations Leadership Team
Interfaces with Corp Planning and Analysis group
Internal Control Oversight
o SOX Testing for financial controls and others as identified
o Physician Inventory, including Supplies and
o Asset management
All other duties as assigned
JOB REQUIREMENTS
A Bachelors Degree in Finance or Accounting
MBA and/or CPA strongly preferred
Approx. 7+ years experience of professional accounting/finance experience
Highly self motivated to make a difference
Strong communication skills and ability to challenge up appropriately
Capable of deploying and articulating strategic solutions to prospective business challenges
Demonstrates a strong knowledge of operational and financial processes and practical application of financial and strategic analysis
Extensive Microsoft Excel skills strongly desired Essbase knowledge a plus but not required
Ability to manage multiple priorities
People management experience is a plus but not required
Competencies Critical for Success in the Role:
Business Acumen
Business Partnership
Action Oriented
Problem solving
Analytical Skills
Drive for Results
Process Management
Negotiating
Communication Skills
Motivating Others
Strategic Thinking
Command Skills
Managing and Measuring Work
Decision Quality
Quest Diagnostics
Secaucus, NJ
Company Overview
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 46,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives.
At a Glance
Quest Diagnostics is the world’s leading provider of diagnostic information services
Generated 2018 revenues of approximately $7.53 billion
Publicly trades common stock on the New York Stock Exchange (NYSE: DGX). More in Investor Relations
Ranks as a component of the S&P 500
Touches the lives of 30 percent of American adults each year
Serves about half of the physicians and hospitals in the U.S
Access to approximately 90% of U.S. insured lives
Engages workforce of about 46,000 employees dedicated to putting patients first every day
More than 6,600 patient access points, the most extensive network in the U.S.,
including phlebotomists in physician offices and more than 2,250 of our own
patient service centers
A medical and scientific staff of more than 600 M.D.s and Ph.D.s
Logistics capabilities, that include approximately 3,750 courier vehicles and 25 aircraft that collectively make tens of thousands of stops daily
Offers physicians a test menu that is industry leading in breadth and innovation. Our test menu ranges from routine biological tests to complex and specialized molecular and gene-based testing as well as anatomic pathology
Provides a broad range of solutions for employers, including workplace drug testing for employers and government agencies; the Blueprint for Wellness employee wellness service; and risk assessment services for the life insurance industry
Publishes original research in peer reviewed publications, at medical and scientific conferences, and as a public service. Quest Diagnostics Health Trends reports examine trends in diseases based on the company’s United States database. Quest Diagnostics Drug Testing Index (DTI) reports examine trends in workplace drug testing, and have been considered a benchmark for U.S. workforce drug positivity trends since 1988
Recognition
Named to Fortune Magazine's 2019 World's Most Admired Companies list in the Health Care industry category of "Pharmacy and Other Services" for the third consecutive year
Among FORTUNE® Magazine's 2018 Fortune 500® companies
Ranked on the Forbes® 2018 Global 2000
Ranked on the “Barron’s 500” list of top-performing large companies for 2017
Named a member of the Dow Jones® Sustainability World and North America indexes since 2004 (DJSI World) and 2005 (DJSI North America). The Dow Jones Sustainability World Index represents the top 10% of the leading sustainability companies out of the biggest 2,500 companies in the Dow Jones Global Total Stock Market Index
Earned a place on the annual Newsweek Green Rankings, for the fourth consecutive year on the 2017 U.S. list
Consistently named one of the best places to work in U.S. business journal rankings, including Forbes® 2018 America's Best Large Employers
Achieved Cancer Gold Standard™ accreditation from the CEO Roundtable on Cancer, recognizing our important actions to reduce the cancer risk of employees and their families
Received a rating of 100 from the Human Rights Campaign on the 2018 Corporate Equality Index, earning the distinction of being a "Best Place to Work for LGBT Equality"
Named a DiversityInc Noteworthy Company for the second consecutive year in 2018
Read more about awards and honors.
Read more about our Reputation Honors and Corporate Social Responsibility programs.
Products and Services
Diagnostics information services
Clinical trials
Healthcare IT
Wellness & risk management
Drug Screening
Read more about products and services.
Operations
Headquarters in the U.S.: 500 Plaza Drive, Secaucus, New Jersey 07094
Approximately 2,200 patient locations and dozens of clinical laboratories throughout the U.S.
In addition to the U.S., Quest Diagnostics operates clinical laboratories in laboratory facilities in Gurgaon, India; Heston, England; Mexico City, Mexico; and San Juan, Puerto Rico
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IndustryHealthcare
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No. of EmployeesApproximately 45,000
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Website
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Jobs Posted8045
