Tucson Medical Center
Executive Director, Financial Planning & Analysis
Tucson Medical Center, Tucson, Arizona, United States, 85718
Executive Director, Financial Planning & Analysis
Job Category
Management
Schedule
Full time
Shift
1 - Day Shift
SUMMARY: The Executive Director of Financial Planning & Analysis is a strategic and critical leadership role responsible for supporting and enhancing key business decisions. This position will play a key part in developing and delivering actionable insights needed for strategy formulation for the expanding enterprise. This leader will evaluate and leverage external data assets to ensure trends are considered in TMC’s strategy and tactics. They will mentor analysts and partner with 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. They will lead 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 support of making business decisions. ESSENTIAL FUNCTIONS: Be a business partner for the entire organization, working closely with various business units, and a strategic advisor to the CFO. Collaborate closely with key stakeholders to assess opportunities and develop data-driven solutions. Experience 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, facilitating the creation of key metrics for monitoring. Transform the overarching company strategy into a long-range plan. Drive cultural change and promote data and finance-driven decision making and investment planning. Optimize implementation of decisions to check whether the desired change is happening as expected and having the intended impact. Provide management visibility into data-driven insights that inform business’s strategic direction and KPIs. Partner closely with stakeholders and IT teams to support the development of innovative analytics solutions and products. Conduct 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. Provide insights and recommendations to senior management on improving financial performance and achieving strategic objectives. Support strategic decision-making and initiatives of the company or the service line. Participate in or lead various projects, such as mergers and acquisitions, capital raising, restructuring, cost optimization, and business transformation, requiring financial modeling, analysis, and due diligence. Provide financial input and advice to senior management on various strategic issues, such as market expansion, service line development, pricing, and competitive positioning. Ensure insights can be implemented into key decision workflows such as executive decisions and clinical/operational workflows. Serve as the financial subject matter expert for the leadership team. Develop and implement best practices and standards for the FP&A function, establishing and enforcing policies, procedures, and controls that ensure the accuracy, consistency, and timeliness of financial data and reports. Monitor and evaluate the performance and effectiveness of the FP&A function, as well as compliance with regulatory and ethical requirements. Identify and implement opportunities for improvement and innovation, such as adopting new technologies, tools, and methodologies that enhance the quality and efficiency of the FP&A function. Support the CFO in all requested ad-hoc financial analyses. Lead the development of proformas synthesizing market, internal financial, external financial, and firsthand stakeholder assumptions. Direct the development and maintenance of the System’s five-year financial model inclusive of operating projections, balance sheet mechanics, and resulting statement of cash flows. Co-design and implement a process to ensure accountability for financial projections on a periodic look-back basis. Maintain hurdle rates for business decisions to be used in return-on-investment analyses. Conduct make versus buy and best alternative financial analyses. Support independent valuation consultants in determining the fair market value of joint ventures and other assets. Utilize financial acumen to guide System strategy formation and evolution. Develop methods and procedures for the preparation of forecasts, proformas, business plans, and metrics reporting. Conduct and assist in the presentation of educational sessions as assigned. Develop operating forecasts based on actual performance, previous budgets, estimations of revenues and expenses, and other factors. Adhere to and support team members in exhibiting TMCH values of integrity, community, compassion, and dedication. Adhere to TMC organizational and department-specific safety, confidentiality, values, policies, and standards. Perform 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, PowerPoint, 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.
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Job Category
Management
Schedule
Full time
Shift
1 - Day Shift
SUMMARY: The Executive Director of Financial Planning & Analysis is a strategic and critical leadership role responsible for supporting and enhancing key business decisions. This position will play a key part in developing and delivering actionable insights needed for strategy formulation for the expanding enterprise. This leader will evaluate and leverage external data assets to ensure trends are considered in TMC’s strategy and tactics. They will mentor analysts and partner with 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. They will lead 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 support of making business decisions. ESSENTIAL FUNCTIONS: Be a business partner for the entire organization, working closely with various business units, and a strategic advisor to the CFO. Collaborate closely with key stakeholders to assess opportunities and develop data-driven solutions. Experience 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, facilitating the creation of key metrics for monitoring. Transform the overarching company strategy into a long-range plan. Drive cultural change and promote data and finance-driven decision making and investment planning. Optimize implementation of decisions to check whether the desired change is happening as expected and having the intended impact. Provide management visibility into data-driven insights that inform business’s strategic direction and KPIs. Partner closely with stakeholders and IT teams to support the development of innovative analytics solutions and products. Conduct 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. Provide insights and recommendations to senior management on improving financial performance and achieving strategic objectives. Support strategic decision-making and initiatives of the company or the service line. Participate in or lead various projects, such as mergers and acquisitions, capital raising, restructuring, cost optimization, and business transformation, requiring financial modeling, analysis, and due diligence. Provide financial input and advice to senior management on various strategic issues, such as market expansion, service line development, pricing, and competitive positioning. Ensure insights can be implemented into key decision workflows such as executive decisions and clinical/operational workflows. Serve as the financial subject matter expert for the leadership team. Develop and implement best practices and standards for the FP&A function, establishing and enforcing policies, procedures, and controls that ensure the accuracy, consistency, and timeliness of financial data and reports. Monitor and evaluate the performance and effectiveness of the FP&A function, as well as compliance with regulatory and ethical requirements. Identify and implement opportunities for improvement and innovation, such as adopting new technologies, tools, and methodologies that enhance the quality and efficiency of the FP&A function. Support the CFO in all requested ad-hoc financial analyses. Lead the development of proformas synthesizing market, internal financial, external financial, and firsthand stakeholder assumptions. Direct the development and maintenance of the System’s five-year financial model inclusive of operating projections, balance sheet mechanics, and resulting statement of cash flows. Co-design and implement a process to ensure accountability for financial projections on a periodic look-back basis. Maintain hurdle rates for business decisions to be used in return-on-investment analyses. Conduct make versus buy and best alternative financial analyses. Support independent valuation consultants in determining the fair market value of joint ventures and other assets. Utilize financial acumen to guide System strategy formation and evolution. Develop methods and procedures for the preparation of forecasts, proformas, business plans, and metrics reporting. Conduct and assist in the presentation of educational sessions as assigned. Develop operating forecasts based on actual performance, previous budgets, estimations of revenues and expenses, and other factors. Adhere to and support team members in exhibiting TMCH values of integrity, community, compassion, and dedication. Adhere to TMC organizational and department-specific safety, confidentiality, values, policies, and standards. Perform 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, PowerPoint, 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.
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