Executive Director, Financial Planning & Analysis

SUMMARY:

The Executive Director of Financial Planning & Analysis is a strategic and critical leadership role responsible for supporting and enhancing making key business decisions.  This position will play a key part in developing and delivering the actionable insights needed for Strategy formulation for the expanding enterprise.  This leader will evaluate and leverage external data assets to ensure trends are considered into TMC’s strategy and tactics.  This leader will be a mentor to analysts and a partner to leaders across the organization to ensure insights are relevant, correct, and improve performance.  Leading a team of senior analysts, the Senior Director will ensure that organization leaders have key opportunities identified to allow for strategic focus and tactical delivery on the highest yield initiatives across growth, quality, service, and stewardship.  The role requires sophisticated financial aptitude such that business cases can include the fullness of market data, internal data, and financial analyses.  Leads in financial areas including financial and management reporting, business plan development, forecasting, building proformas, discounted cashflow analyses, return on investment calculations, and related activities in the support of making business decisions.  Adept at using various systems, sources of data, and interacting with key stakeholders to derive and challenge assumptions useful in developing business cases. 

ESSENTIAL FUNCTIONS:

Should be a business partner for the entire organization, working closely with various business units, and a strategic advisor to the CFO.

Collaborates closely with key stakeholders to assess opportunities and develop data driven solutions.

Experienced with data reconciliation and consolidation, as well as an understanding and interpretation of variance analysis.

Ability to couple the use of scenario and sensitivity analysis to forecast possible outcomes facilitates using this information to create key metrics for monitoring.

Be able to transform the overarching company strategy into a long-range plan.

Responsible for driving cultural change and promoting data and finance driven decision making and investment planning.

Responsible for plans to optimize implementation of decisions to check whether the desired change is happening as expected and having the intended impact.

Provides management visibility into data-driven insights that inform business’s strategic direction and KPI’s.

Partners closely with stakeholders and IT teams to support development of innovative analytics solutions and products.

Conducts various financial analyses, such as profitability, margin, growth, cash flow, return on investment, and valuation, to evaluate the performance and potential of different service lines and initiatives.

Provides insights and recommendations to the senior management on how to improve the financial performance and achieve the strategic objectives.

Supports the strategic decision-making and initiatives of the company or the servoie line.

Participates in or leads various projects, such as mergers and acquisitions, capital raising, restructuring, cost optimization, and business transformation, that require financial modeling, analysis, and due diligence.

Provides financial input and advice to the senior management various strategic issues, such as market expansion, service line development, pricing, and competitive positioning.

Ensures insights can be implemented as appropriate into key decision workflows such as executive decisions and clinical/operational workflows (e.g., electronic health record, workforce, and inventory management systems).

Serves as the financial subject matter for the leadership team.

Develops and implements the best practices and standards for the FP&A function, including establishing and enforcing the policies, procedures, and controls that ensure the accuracy, consistency, and timeliness of the financial data and reports.

Monitors and evaluates the performance and effectiveness of the FP&A function, as well as the compliance with the regulatory and ethical requirements.

Identifies and implements the opportunities for improvement and innovation, such as adopting new technologies, tools, and methodologies, that enhance the quality and efficiency of the FP&A function.

Supports the CFO in all requested ad-hoc financial analyses.

Leads the development of proformas which synthesize market, internal financial, external financial, firsthand stakeholder assumptions.

Directs the development and maintenance of the System’s five-year financial model inclusive of operating projections, balance sheet mechanics, and resulting statement of cashflows.

Co-designs and implements a process to ensure accountability for financial projections on a periodic look-back basis.

Maintains the hurdle rates for business decisions to be used in return-on-investment analyses.

Conducts make versus buy and best alternative financial analyses.

Supports independent valuation consultants in determining the fair market value of joint ventures and other assets.

Utilizes financial acumen to guide System strategy formation and evolution.

Develops methods and procedures for the preparation of forecasts, proformas, business plans, and metrics reporting.

Conducts and assists in the presentation of educational sessions as assigned.

Develops operating forecasts based on actual performance, previous budgets, estimations of revenues and expenses, and other factors. 

Adheres to and supports team members in exhibiting TMCH values of integrity, community, compassion, and dedication. 

Adheres to TMC organizational and department-specific safety, confidentiality, values, policies and standards.

Performs related duties as assigned.

MINIMUM QUALIFICATIONS

EDUCATION:  Bachelor’s degree in Finance or Accounting.  MBA or an equivalent combination of relevant experience and education.

EXPERIENCE:  Eight (8) years of finance experience, including two years of managerial or supervisory experience.  

LICENSURE OR CERTIFICATION: None required.

KNOWLEDGE, SKILLS AND ABILITIES: 

·         Thorough knowledge of financial analysis and reporting, cost accounting, and budgeting. 

·         Knowledge of government principles and regulations regarding accounting and payroll.

·         Skill in evaluating performance and systems and making recommendations for improvement.

·         Skill in computer applications such as basic functionality of the computer, PC File and Folder, Word, EXCEL, e-mail and attachment capabilities, Outlook, Power Point and presentation skills.

·         Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.

·         Ability to prepare written reports, business correspondence, and procedure manuals.

·         Ability to effectively present information and respond to inquiries or complaints from employees, patients and/or their representatives, and the general public.

·         Ability to work with concepts such as fractions, percentages, ratios, and apply mathematical operations to solve or analyze job-related situations.

·         Ability to create financial forecasts and budgets; ability to identify positive or negative variances from expected outcomes.

·         Ability to define problems, collect data, establish facts, and draw valid conclusions.

·         Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.