AVP Financial Planning & Analysis

Centralus Health Mission

Our mission is to deliver high-quality care, empower our teams to success and improve the wellbeing of the communities we serve.

Job Summary

The AVP of Financial Planning and Analysis (FP&A) plays a crucial role in developing strategy for enterprise analytics including: financial activities, strategic planning and decision support across the healthcare organization. This position offers an opportunity to drive meaningful impact through collaborations to drive financial performance, provide actionable insights, support strategic planning, process optimization, and support key business initiatives. This role must possess a deep understanding of operational and financial principles to engage stakeholders and develop buy in.

This position involves comprehensive responsibilities, including systemwide analytics, budgeting and forecasting, proforma development, revenue and expense analysis, scenario and sensitivity analysis, service line planning, market share analysis, and revenue cycle analysis to support process improvement initiatives. This role must possess strong communication and analytical skills to support strategic decision-making.

Job Functions (5-10)

• Process Improvement:

  • Utilize data and enterprise analytics programs and platforms to collaborate with cross-functional teams to implement best practices and drive continuous improvement in operating margin.

• Budgeting & Forecasting:

  • Develop and manage the budgeting process for the healthcare organization, collaborating with department heads and executives to establish financial targets based on industry benchmarks and best practices. **

  • Monitor budget performance regularly, identifying variances and providing insights to stakeholders. **

  • Lead the forecasting process to provide accurate financial projections for short-term and long-term planning. **

• Proforma Development:

  • Create financial models and proformas to evaluate the financial viability of potential investments, acquisitions, or divestitures. **

  • Conduct thorough analysis to assess risks, opportunities, and potential returns associated with strategic initiatives. **

• Revenue and Expense Analysis:

  • Analyze revenue streams, denial data, and cost structures to identify trends, patterns, and areas for improvement. **

  • Provide insights into revenue enhancement opportunities and cost-saving measures to optimize financial performance. **

• Statistical Analysis for Strategic Planning:

  • Utilize statistical methods and data analysis techniques to support strategic planning initiatives, such as market expansion or service line development. **

  • Interpret data to inform decision-making processes and drive organizational growth strategies.

  • Utilize data to assist with provider and professional service agreement compensation modeling. **

• Service Line Planning:

  • Collaborate with operational teams to develop financial plans and performance metrics for individual service lines. **

  • Assess the financial impact of service line expansions, enhancements, or restructuring efforts. **

• Market Share Analysis:

  • Utilize information systems to conduct market research and analysis to understand competitive positioning and market dynamics. **

  • Evaluate market share data and trends to develop strategies for targeted market growth opportunities, divestiture, penetration and overall competitiveness. **

• Team Leadership and Development:

  • Manage and mentor a team of FP&A professionals, fostering a culture of collaboration, growth, and accountability. **

  • Set clear objectives, conduct performance evaluations, and provide ongoing coaching and development opportunities. **

  • Ensure the team's adherence to best practices in financial modeling, analysis methodologies, and reporting standards.

• Cross-functional Collaboration:

  • Collaborate closely with finance leadership, operational leaders, and other stakeholders to align financial strategies with business objectives. **

  • Serve as a strategic partner to department heads, providing financial guidance and support for strategic initiatives and business decisions. **

  • Facilitate communication and transparency between finance and other departments, ensuring alignment on financial goals and priorities. **

• ADA Compliance: All duties that are core or essential functions must be marked with a (*).

Important Note: (*) indicates an essential function of the job as defined by the Americans with Disabilities Act (ADA). Essential functions are the core duties that are fundamental to the position and must be performed, with or without reasonable accommodation. (Do not erase: Keep this disclaimer on all job descriptions.)

Success Factors (4-6)

• Team Leadership and Development:

  • Manage and mentor a team of FP&A professionals, fostering a culture of collaboration, growth, and accountability.

  • Set clear objectives, conduct performance evaluations, and provide ongoing coaching and development opportunities.

  • Ensure the team's adherence to best practices in financial modeling, analysis methodologies, and reporting standards.

• Cross-functional Collaboration:

  • Collaborate closely with finance leadership, operational leaders, and other stakeholders to align financial strategies with business objectives.

  • Serve as a strategic partner to department heads, providing financial guidance and support for strategic initiatives and business decisions.

  • Facilitate communication and transparency between finance and other departments, ensuring alignment on financial goals and priorities.

Education / Experience Qualifications

Required:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field

• Extensive experience (5+ years) and demonstrated proficiency in Microsoft Power BI, Tableau, or other enterprise analytics solutions; proficiency in SQL, python, and/or other coding languages.

• Extensive experience (5+ years) in financial analysis, planning, and budgeting within the healthcare industry.

• Strong proficiency in financial modeling, forecasting techniques, and statistical analysis tools.

• In-depth knowledge of healthcare finance principles, including reimbursement methodologies, regulatory requirements, and industry trends.

• Excellent communication skills, with the ability to present complex financial information to non-financial stakeholders.

• Proven leadership skills with the ability to manage and develop a team of financial analysts.

• Strategic mindset with the ability to think critically, problem-solve, and drive business performance improvements.

• Advanced proficiency in Microsoft Excel, financial software applications, and database management systems.

Preferred:

• MBA or advanced degree

Physical Requirements

• Ability to move up to 25 pounds occasionally.

• Must be able to remain at a workstation and move around the workspace as needed to complete job tasks, with or without reasonable accommodation.