Assistant Vice President - Budget and Financial Analysis

JOB RESPONSIBILITIES

• Annual Planning Cycle Leadership - Establish Strategy & lead efforts with respect to strategies, processes, systems & reporting for Annual Budget/Forecast Process for CCHMC, including variance analysis, reporting & action plans. Ensure strategic initiatives & approved business plans are incorporated into budgets & forecasts. Ensure divisional assumptions related to patient volumes, physician staffing and clinical production are fully aligned with Institute, Cluster, & Business Unit budgets, forecasts. Lead the Medical Center annual budget process including evaluating, planning & executing communication & assisting the VP, Finance & Treasury & the CFO in establishing budget targets for the Medical Center. Lead the Shared Services & Contractual allocation processes inherent in completing a final operating budget and the consolidation of budgeted results. Oversee the loading of approved budgets into PS & ensure underlying quality control mechanisms are appropriate, sufficient & executed. Provide an accurate & timely accumulation of departmental budgets and identify potential issues. Ensure the general ledger properly reflects the approved budget; ensure categories & spreads are correct.

• Financial Leadership - Work with VP, Finance and Treasury and CFO on financial forecasting process. Ensure the forecast process incorporates evolving economic and patient care trends, operational decisions, business plans, etc. Communicate and Educate Business Leaders on the process and provide training as needed. Provide Business Leadership with assistance in analyzing their financial data, interpreting the results of the analysis, and communicating those results into a reasonable and appropriate budget assumption or action plan. Oversee the delivery of necessary reports to departments in utilization stats, average charges for a department, salary and FTE status, and detail of non-salary items to assist them in their compilation. Works collaboratively with other members of Finance in monthly financial statement analysis. Leads efforts to assist Business directors in preparing financial statements. Suggests areas for improvement in financial performance on an on-going basis. Supports staff in efforts to provide analysis for ad-hoc projects and/or reports as requested.

• Performance Improvement & Quality - Responsible for leading customer service, quality and accuracy audits related to budgeting. Develop process improvement procedures and ensure plans are implemented by the Budget Team. Provides consulting to Medical Center Business Leadership on improvement opportunities to enhance financial performance.

• People Leadership - Manage the selection, development, motivation, appraisal and discipline of reporting personnel. Provide supervision of assigned staff for carrying out department goals and objectives and medical center mission and values. Prepare and present annual performance evaluations. Make job requirements and goals for each position clear to employees and provide sufficient training to achieve the desired level of competency. Ensure that orientation, in-service training and continuing education are provided to achieve the desired level of performance. Provide opportunities and leadership to assist in career development of the Budget Team.

• Training & Development - Provide training to all levels across the organization in the process, purpose and goal of the annual budget as well as training on the budget system. Direct annual training activities related to budget process. Ensure Medical Center staff hired mid-year are apprised of budget process and available reports.

JOB QUALIFICATIONS

• Bachelor's Degree in a related field (finance/accounting/etc.)

• Preferred: Certified Public Accountant (CPA) or Master of Business Administration (MBA)

• 10+ years of work experience in a related job discipline

• Preferred: Experience leading and developing teams of at least 6 or more.

 

Primary Location

South Campus

 

Schedule

Full time

 

Shift

Day (United States of America)

 

Department

Budget & Financial Analysis

 

Employee Status

Regular

 

FTE

1

 

Weekly Hours

40

 

*Expected Starting Pay Range

*Annualized pay may vary based on FTE status

$153,150.40 - $199,555.20

 

Market Leading Benefits Including*:  

• Medical coverage starting day one of employment.