Status: Exempt A Brief Overview The Director Budgeting and Financial Planning supervises and coordinates the preparation of a $1+ billion annual operating budget and $40+ million annual capital budget that includes over 350 cost centers across 8 company/divisions. Prepare forecasts and financial and volume targets and evaluate business plans. Lead the labor productivity management system and process to include peer benchmarking.
Lead the annual capital budget process and provide oversight for routine capital requests. Implement 5 year operational and capital financial planning process. Serve as designee for CFO and Assistant CFO for various activities.
Education Qualifications Bachelor's Degree Science in Business, Finance, Accounting or a related field Required Master's Degree Science in Business, Finance, Accounting or a related field Preferred Experience Qualifications 3 years Progressive experience in financial planning, budgeting, finance or accounting, reimbursement, decision support – including leadership experience in a large complex healthcare organization.
Required Experience in StrataJazz Operational Budgeting, Capital Planning, Management and Productivity Reporting, or Strategic Planning Modules Preferred Experience leading or playing a key role in the implementation, optimization, or conversion of financial planning, budgeting, ERP, or decision support systems. Preferred Skills and Abilities Ability to develop recommendations to improve operating results. Strong written and verbal communication skills Strong problem solving and analysis skills.
Ability to work collaboratively with diverse teams and stakeholders Knowledge of principles and practices of health care financial planning and budgeting and health care operations. (Required proficiency)
- Direct and coordinate the annual operating and capital budget processes. Organize and participate in departmental budget meetings and incorporate results of decisions into Strata budget software model. Prepare budget for Operating Committee and Board review. Provide timely and accurate information to management for analysis and decision-making. Follow up on issues driving budget variances as necessary to manage performance improvement. Report the budget variances to the CFO, Assistant CFO Controller and others at the monthly Financial Statement review meeting. On a monthly basis or more frequent, and as part of the monthly close, contribute to a variance analysis report that contains the results of analysis of variances on key budget items, statistics and metrics. Develop and implement policies and procedures for areas of responsibility. Develop and implement scorecard and performance improvement initiatives and metrics (using LEAN processes, etc.) for areas of responsibility. Attend Finance and Audit Committee of the Board, including participation in presentation of the budget and reporting on budget variances. Implement productivity management process and update productivity targets. Oversee productivity information for biweekly review meetings and monthly review meetings. Identify, analyze, and recommend productivity benchmark opportunities using peer comparisons. Supervise personnel responsible for financial planning, budgeting, and productivity, including calculating and maintaining productivity targets and administration of budgeting and productivity systems. Monitor/manage improvement projects to achieve targeted results, working collaboratively with departmental personnel. Implement 5-year operating financial plan. Maintain 5-year capital financial plan. Working with Director of Strategy and Business Development and Director of Decision Support, evaluate business plans from a financial perspective as needed. Coordinate with the Director of Strategy and Business Development and Director of Decision Support, to ensure Budget is integrated with and supports the Strategic Plan. Participate in various organizational workgroups and committees as needed (e.g., Clinical Operations Group, Monthly Operations Review, Leadership Retreats) as needed. Coordinate the preparation of annual rating agency submissions and presentations in collaboration with the CFO, Assistant CFO, including data collection, financial analysis, executive briefing materials, and follow-up responses to agency inquiries. Assist with monthly and year-end accounting close items. Lead process improvement initiatives. Required for All Jobs Complies with all policies, standards, mandatory training and requirements of Stormont Vail Health Performs other duties as assigned Patient Facing Options Position is Not Patient Facing Remote Work Guidelines Workspace is a quiet and distraction-free allowing the ability to comply with all security and privacy standards. Stable access to electricity and a minimum of 25mb upload and internet speed. Dedicate full attention to the job duties and communication with others during working hours. Adhere to break and attendance schedules agreed upon with supervisor. Abide by Stormont Vail’s Remote Worker Policy and will review and acknowledge the Remote Work Agreement annually. Remote Work Capability Hybrid Scope Has Supervisory Responsibility Has Budget Responsibility Physical Demands Carrying: Rarely less than 1 hour Climbing (Stairs): Rarely less than 1 hour Grasping (Fine Motor): Occasionally 1
- 3 Hours Handling: Rarely less than 1 hour Hearing: Occasionally 1
- 3 Hours Reaching (Forward): Rarely less than 1 hour Repetitive Motions: Frequently 3
- 5 Hours Sitting: Frequently 3
- 5 Hours Standing: Rarely less than 1 hour Talking: Occasionally 1
- 3 Hours Walking: Rarely less than 1 hour Working Conditions Noise/Sounds: Rarely less than 1 hour Other Atmospheric Conditions: Rarely less than 1 hour Stormont Vail is an equal opportunity employer and adheres to the philosophy and practice of providing equal opportunities for all employees and prospective employees, without regard to the following classifications: race, color, ethnicity, sex, sexual orientation, gender identity and expression, religion, national origin, citizenship, age, marital status, uniformed service, disability or genetic information. This applies to all aspects of employment practices including hiring, firing, pay, benefits, promotions, lateral movements, job training, and any other terms or conditions of employment. Retaliation is prohibited against any person who files a claim of discrimination, participates in a discrimination investigation, or otherwise opposes an unlawful employment act based upon the above classifications.