Reporting to the Executive Director, Financial Planning, the Manager, Financial Planning will be responsible for coordinating, developing, and monitoring the health system's long range forecast and operating and capital budgets. Working closely with system leaders, the incumbent ensures that the long-term forecast and related initiatives are effectively incorporated into the operating budgets and are appropriately monitored throughout the year. The ability to develop strong partnerships with peers and leadership is integral to the success of this role.
The incumbent will also manage the budget team in the areas of financial analysis, periodic reporting, analyzing monthly variances, preparing forecasts, and interacting with external stakeholders. The team will participate in all phases of the budget process: budget system preparation, data validation, preparation of training materials, lead training classes, support end users, analysis of submitted budgets, and work with CFO/Budget leadership to align with institutional strategy/priorities.
In coordination with the Executive Director, Financial Planning manage the budgeting, forecasting, and long-range strategic planning process. Assists departments with budget compliance and conducts budget and analysis training as needed.
Review data for use in the financial planning process: including volume projections, service line shifts, gross and net revenue analysis, expense inflation, Corporate allocations, etc.
Support Monthly Management Reporting process of Budget vs Actual variances for the health system and Bi-weekly Labor Productivity Reporting.
Develop, maintain and optimize the StrataJazz system and other data sources used to support the financial planning process
Create reports, as needed, to communicate financial and statistical data to external stakeholders
Manage a team of 5 analysts, ranging from entry level to advanced. Regularly provide feedback and cultivate opportunities for professional development.
Partner with Decision support leadership to create and support a culture of employee engagement, accountability, innovation, continuous improvement and efficiency.
Drive and promote innovation.
Bachelor’s degree in Economics, Finance, Statistics, Accounting, or other mathematically/scientifically rigorous discipline required. Master’s degree in Business, Health Care Administration, Economics, Finance, or Accounting preferred.
Minimum of 5 years of financial management experience in hospital system, or consulting/accounting firm specializing in hospital systems.
Experience preparing monthly and annual budget, forecast, and long-range plans.
Exceptional communication, interpersonal, organizational, problem solving and analytical skills.
In-depth knowledge of large-scale integrated data systems/ERP/budgeting and planning financial systems. PeopleSoft and StrataJazz experience preferred.
Must be able to function independently in a fast-paced environment while managing multiple priorities.
Leadership and management skills necessary to motivate individuals and teams, and resolve problems in a diplomatic, professional manner.
Excellent customer service, with the ability to negotiate timelines and balance service needs in a collegial manner.
Aptitude and critical thinking skills to examine complex data needs and provide conclusions best suited for each situation.
Superior interpersonal, communication, team-development and consensus-building skills.
Ability to use discretion (confidentiality) with sensitive information.
Ability to be efficient and effective under time constraints, while working as a team player with staff and management.
Internal Number: MEM003806
Let us introduce ourselves. We're MemorialCare, a nonprofit health system that includes four hospitals, two medical groups, imaging centers, surgical centers and much more. As one of the leading health systems in Orange County and Los Angeles County, we're confident that no matter what your needs are, we have the teams, tools and know-how to support you every step of the way.