THE ROLE AND OPPORTUNITY
We have an exciting opportunity for experienced financial analysts to join the Aged Care Quality and Safety Commission with strong financial analytical and reporting experience, and proven stakeholder management skills to analyse financial data and implement early intervention strategies to assist aged care providers prudential compliance and financial viability.
The role will actively monitor, and case manage approved aged care providers exhibiting heightened financial risks including providing specialist advice to internal and external stakeholders using subject matter expertise of relevant aged care financial and prudential legislation.
The successful candidate will need to have highly developed written communications skills and the ability to think strategically through applying significant judgement to prepare well-reasoned recommendations.
For more information about the role and the benefits for working at the Commission, please refer to the Position Description and Candidate Pack.
ABOUT THE SECTION
The Financial and Prudential Supervision section is responsible for monitoring approved providers (provider) financial viability and also monitoring any prudential risks identified in provider's Annual Prudential Compliance Statement (APCS).
The section monitors providers financial viability risk to ensure providers are managing their financial risks in a proportionate manner. The section coordinates the use of third-party resources designed to support provider restructuring and to identify and implement opportunities to improve operational efficiencies that benefit consumers. The section liaises with the Department of Health and Aged Care around referrals of providers that meet the departments criteria for consideration of funding support. They also review and assess provider's APCS to ensure appropriate actions have been taken or where they identify risks and non-compliance, they refer these providers to other areas of the Commission as required.
KEY ACCOUNTABILITIES
Provide specialist financial advice to internal and external stakeholders, including researching and analysing reports, assessing financial risk and applying significant judgement to prepare recommendations to identify providers exhibiting heightened risks.
Prepare clear, accurate and comprehensive financial viability reports that effectively communicate and inform non-financial audiences.
Support providers to develop solutions and implement financial viability risk mitigation opportunities, to improve their operational efficiencies to ultimately support continuity of care to consumers.
Case manage and offer specialist advice to non-compliant providers including evidence, responding to queries and monitoring their progress towards financial sustainability.
Present results of financial analysis at the Commission's governance forums.
Provide ongoing support, guidance, training and oversight to new and less experienced staff members to build overall team capability.
Contribute to the preparation of operational reports, briefings and policy papers including the development of processes, guidance and implementation of the Group's corporate plan.
Provide extensive knowledge and subject matter expertise to other government entities and members of the public about providers' financial and reporting obligations under the Financial and Prudential Standards, Aged Care Act 1997, Fees and Payments Principles 2014 (No.2) and Accountability Principles 2014.
ELIGIBILITY REQUIREMENTS
Key capabilities
In-depth understanding, or the ability to quickly acquire knowledge of aged care legislation, policy and regulatory frameworks, such as the Commission Regulatory Strategy, the Financial and Prudential Standards, Aged Care Act 1997, Fees and Payments Principles 2014 (No.2), and Accountability Principles 2014.
Demonstrated ability to work independently, to prepare comprehensive financial analysis and reporting to identify providers financial and prudential risks.
Ability to think strategically through applying significant judgement when developing recommendations to consider the boarder operational and regulatory environment.
Experience driving continuous improvement initiatives to improve financial analysis and risk management.
Highly developed written communication skills with ability to prepare high quality documents and relay financial information including recommendations and decisions in reports.
Strong stakeholder engagement skills with the ability to communicate professionally, negotiate, and influence both internal and external stakeholders.
Proven case management skills and experience to manage a large caseload by prioritising and managing cases within the agreed service level standards.
Position eligibility
In addition to the above key capabilities, to be eligible for this position you must:
be an Australian citizen
satisfy a National Coordinated Criminal History Check
satisfy pre-existing medical condition declaration
Completed Bachelor's degree in Accounting, Finance, or Commerce
DIVERSITY AND INCLUSION
The Commission is committed to fostering a workplace with flexible work arrangements to support a diverse, respectful, and inclusive culture for all staff.
The Commission recognises the richness of Aboriginal and Torres Strait Islander cultures and is committed to the implementation of our Reconciliation Action Plan. The Commission values the unique knowledge and experience of Aboriginal and Torres Strait Islander employees which strengthens and supports our focus on protecting and enhancing the safety, health, wellbeing, and quality of life of aged care consumers.
For more information and to apply, please visit our website via the apply button below.
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