Job Summary: This leadership-level role is responsible for managing internal audit processes, developing budgets and forecasts, overseeing financial modeling, and driving strategic financial planning initiatives. The position plays a critical role in guiding financial strategy and ensuring fiscal integrity across business units.
Key Responsibilities:
Leadership & People Development:
- Drive team development by soliciting and incorporating feedback, fostering collaboration, and mentoring team members for growth opportunities.
- Delegate responsibilities effectively, set clear goals, and provide consistent coaching and performance management to improve outcomes.
- Promote open communication and accountability across the team.
Operational & Strategic Management:
- Translate business strategies into actionable goals, ensuring alignment with company objectives.
- Oversee work assignments, monitor progress, address performance issues, and develop contingency plans as needed.
Audit & Compliance:
- Lead internal audit activities, review audit findings, and work with auditors to resolve material weaknesses.
- Implement improvements in internal controls and proactively identify high-risk areas for assessment.
Budgeting & Forecasting:
- Manage the development of department and regional budgets, ensuring alignment with strategic business objectives.
- Oversee the evaluation of budget trends and ensure accurate forecasting.
Financial Analysis & Reporting:
- Supervise financial analysis including variance, statistical, and economic analyses (e.g., NPV, IRR, Discounted Cash Flow).
- Guide the use of financial reports to evaluate performance, identify trends, and drive improvements.
- Monitor use of data from internal systems to support analysis and reporting (e.g., volume reporting, day sales inventory, utilization reports).
Financial Modeling & Strategic Planning:
- Oversee creation and refinement of financial models to assess scenarios and support planning.
- Evaluate strategic initiatives and maximize their financial impact through modeling and analysis.
Cost Management:
- Identify cost avoidance and recovery opportunities.
- Oversee costing activities and initiatives to improve cost efficiency.
Performance Monitoring:
- Use templates and tools to monitor operational and financial performance (e.g., cash flow, case reports).
- Recommend and implement performance improvements based on analytical findings.
Business Partner Financial Evaluation:
- Manage financial assessments of business partners (e.g., suppliers, acquisition targets).
- Ensure risk implications are identified and mitigated through proper analysis using sources like Bloomberg, D&B, and annual reports.
Collaboration with Leadership:
- Provide strategic financial guidance to regional/business unit leaders.
- Ensure leadership is informed and advised on financial results, variance analysis, and performance improvement strategies.
Strategic Financial Planning:
- Lead development of financial concepts for planning and control.
- Monitor financial plans, acquisitions, and forecasts to support long-term strategies.
Minimum Qualifications:
- Bachelor's degree in Finance, Business, or a related field (or equivalent experience).
- Minimum 6 years of experience in Financial Planning & Analysis or a directly related field.
- At least 3 years in a leadership role, with or without direct reports.
Preferred (Nice-to-Have) Skills:
- Experience in financial roles within the healthcare industry.
- Proficiency in Microsoft Excel for financial modeling, analysis, and reporting.
- Strong understanding of accounting principles, general ledger, and income statements.
- Minimum 2 years of supervisory experience.
- Minimum 3 years in a role involving interaction with senior leadership (Director level and above).
Position Details:
- Employee Status: Regular
- Job Type: Standard
- Job Level: Manager with Direct Reports
- Direct Reports: Yes
- Work Hours: Flexible
- Travel Required: No