Michigan Medicine
Sr. Director of Financial Planning and Analysis
Michigan Medicine, Ann Arbor, Michigan, us, 48113
The Michigan Medicine Health System Senior Director of Financial Planning and Analysis (SD FPA) is responsible for coordinating and overseeing the annual operating and capital budgeting processes, developing and maintaining the multi-year intermediate and long-term strategic financial frameworks, managing the financial aspects of business plans, and performing various economic and financial analyses for the clinical enterprises.
Responsibilities
Overseeing the annual operating and capital budgeting processes for the AMC and Regional Health Network, coordinating the efforts of the ACFOs and VPFs, managing the fundamental assumptions behind the financial planning including patient volume trends, maintaining the budgeting systems, and consolidating reporting. Developing and maintaining the multi-year intermediate and long-term strategic financial framework. Generating financial pro-formas for business plans, working through the ACFOs, VPFs, operations leaders, and the Strategy Office. Producing routine financial statements and analyses following managerial accounting standards that offer insight into monthly clinical operations. Leading initiatives that have significant impacts on the financial processes of the Health System. Managing personnel through direct reporting relationships or through influence, ensuring best practices from the reporting, cost accounting, and analysis staff and productive relations with the University. Other Responsibilities
Build strong, positive relationships with key administrative and clinical leaders throughout Michigan Medicine and the University, firmly establishing trust and credibility. Ensure that Michigan Medicine's resources are deployed with integrity and aligned with the goals of the clinical and academic enterprises. Act as a senior partner in the analysis and due diligence of existing business entities relative to restructuring, acquisitions, and/or divestitures to meet strategic objectives. Ensure integrity of financial reporting systems and develop management reporting tools to enable leaders to make effective business decisions. Build productive relationships and promote a collaborative work environment. Recruit, select and manage a staff of direct and indirect reports by professional leadership, mentoring, counseling, reorganization, and other personnel management initiatives. Required Qualifications
A Bachelor's degree in economics, business or public administration, finance, health administration, public health, health economics, or related field from an accredited institution of higher education. A Master's degree in similar disciplines is preferred. A minimum of 10 years of successful, progressive experience leading a finance, budgeting, and/or analytics function within the health care industry. Experience with multi-year forecasting, predictive modeling, and business planning for a complex, multi-hospital, and geographically dispersed clinical enterprise. Exposure to scaling financial planning and analysis processes and systems in response to hospital or health system acquisitions, mergers, partnerships, affiliations, and joint ventures. Experience with analytics involving various reimbursement models. Notable communication skills with a track-record of successful coordination of multi-participant budgeting and planning processes. A strong business orientation with the ability to "go beyond the numbers" in helping the senior executive team identify and develop opportunities for optimizing assets and strengthening the organization's financial performance. An ability to be highly strategic, agile, and able to handle complex business and issues. Solid expertise building a financial team that has its eye on the future and is responsive to its constituencies. A history of success working with multiple constituencies and within layered governance structures. The University of Michigan is an equal employment opportunity employer.
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Overseeing the annual operating and capital budgeting processes for the AMC and Regional Health Network, coordinating the efforts of the ACFOs and VPFs, managing the fundamental assumptions behind the financial planning including patient volume trends, maintaining the budgeting systems, and consolidating reporting. Developing and maintaining the multi-year intermediate and long-term strategic financial framework. Generating financial pro-formas for business plans, working through the ACFOs, VPFs, operations leaders, and the Strategy Office. Producing routine financial statements and analyses following managerial accounting standards that offer insight into monthly clinical operations. Leading initiatives that have significant impacts on the financial processes of the Health System. Managing personnel through direct reporting relationships or through influence, ensuring best practices from the reporting, cost accounting, and analysis staff and productive relations with the University. Other Responsibilities
Build strong, positive relationships with key administrative and clinical leaders throughout Michigan Medicine and the University, firmly establishing trust and credibility. Ensure that Michigan Medicine's resources are deployed with integrity and aligned with the goals of the clinical and academic enterprises. Act as a senior partner in the analysis and due diligence of existing business entities relative to restructuring, acquisitions, and/or divestitures to meet strategic objectives. Ensure integrity of financial reporting systems and develop management reporting tools to enable leaders to make effective business decisions. Build productive relationships and promote a collaborative work environment. Recruit, select and manage a staff of direct and indirect reports by professional leadership, mentoring, counseling, reorganization, and other personnel management initiatives. Required Qualifications
A Bachelor's degree in economics, business or public administration, finance, health administration, public health, health economics, or related field from an accredited institution of higher education. A Master's degree in similar disciplines is preferred. A minimum of 10 years of successful, progressive experience leading a finance, budgeting, and/or analytics function within the health care industry. Experience with multi-year forecasting, predictive modeling, and business planning for a complex, multi-hospital, and geographically dispersed clinical enterprise. Exposure to scaling financial planning and analysis processes and systems in response to hospital or health system acquisitions, mergers, partnerships, affiliations, and joint ventures. Experience with analytics involving various reimbursement models. Notable communication skills with a track-record of successful coordination of multi-participant budgeting and planning processes. A strong business orientation with the ability to "go beyond the numbers" in helping the senior executive team identify and develop opportunities for optimizing assets and strengthening the organization's financial performance. An ability to be highly strategic, agile, and able to handle complex business and issues. Solid expertise building a financial team that has its eye on the future and is responsive to its constituencies. A history of success working with multiple constituencies and within layered governance structures. The University of Michigan is an equal employment opportunity employer.
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