Director, Clinical FP&A - Baltimore, United States - InsideHigherEd

Description

SOM Central Finance is seeking a Director, Clinical FP&A leader to join their team and lead crucial financial strategies and operations. In this role, the Director, Clinical FP&A will coordinate assignments, create budgets, conduct strategic analysis, and foster collaboration between the FP&A team and clinical departments within Johns Hopkins Medicine (JHM) and Johns Hopkins University (JHU). Responsibilities include assigning portfolios to analysts, facilitating communication channels, and consolidating financial data. The Director will craft robust financial plans, forecast trends, and design financial models. The Director will also be responsible for overseeing budget approvals, providing detailed variance reporting, and participating in decision-making teams. The Director will manage a team of Sr. Financial Analysts and serve as a liaison between finance directors and clinical departments.

Specific Duties & Responsibilities

Assignment & Coordination

• Assign a portfolio of departments to each analyst to cultivate relationships between FP&A and departments.
• Allocate functional responsibilities to analysts as needed to produce required school analyses, long-range plans, and hypothetical scenarios.
• Facilitate regular meetings between analysts and clinical departments (21) to foster two-way communication, promote advocacy for departments within JHM and JHU, facilitate knowledge transfer, and foster a shared understanding of financial activities.
• Consolidate financial information from various verticals within SOM Central Finance (e.g., faculty practice, financial operations, research finance, and analytics) to provide a comprehensive view of clinical departmental activity across all funds.

Creation/Preparation/Development

• Prepare a consolidated clinical departmental budget integrated into the SOM's budget for all funds.
• Develop forecasts and financial projections relevant to clinical departments.
• Direct the collection, analysis, summarization, and preparation of new clinical financial plans, budgets, cash flow projections, pipeline analyses, and operating forecasts.
• Design complex financial models and reports for forecasting, trending, and results analysis.
• In partnership with departments and other teams as necessary, develop and implement corrective action plans for budget variances.
• Collaborate with the training associate to develop training programs supporting financial management in clinical departments.
• Partner with the Fund Accountant in financial operations to optimize funding sources for clinical departments and enhance financial monitoring.

Analysis/Interpretation

• Offer financial consultation and guidance for significant, critical, complex projects, business operations, and initiatives.
• Analyze and interpret financial trends within clinical departments, providing leadership with essential information for decision-making.
• Conduct analysis of monthly variances to budget.
• Evaluate updated monthly accruals and projections to ensure forecasting accuracy and project completion.

Approval/Verification

• Approve all budgets for clinical departments.
• Provide monthly variance reporting for clinical departments, including a consolidated view of performance.
• Participate in decision-making teams and committees for approval of clinical and academic program expansions or consolidations.

Supervision & Training

• Directly manage a team of five Sr Financial Analysts.
• Act as a liaison between Directors of Finance for clinical departments and provide guidance and feedback about job performance.
• Oversee personnel management activities, including recruitment, hiring, performance evaluations, and terminations.
• Establish and evaluate responsibilities as outlined in employee job descriptions.
• Act as a substitute for the Executive Director for FP&A when necessary.
• Ensure proficiency among team members in relevant tools for job execution, such as Excel, Business Objects, EPSi, and Tableau.
• Serve as a role model and mentor, guiding employees on expected levels of performance and behaviors associated with stakeholder customer service.

Collaboration

• Engage with SOM Department Directors and Administrators, training/policy associates, and leaders within FP&A and other Central Finance verticals.
• Collaborate with JHM Budget and JHU Budget teams, JHHS financial colleagues, CPA colleagues, research administration colleagues, and JHU Internal Audit to support organizational goals.

Physical Requirements

• Sitting: Extended periods of sitting are common while working at a desk or workstation.
• Employees should be able to sit for prolonged periods with proper posture to maintain comfort and prevent fatigue.
• Typing and Using Computer Devices: Proficiency in typing and utilizing computer devices such as keyboards, mice, and touchscreens is essential. This requires manual dexterity and the ability to operate office equipment effectively.
• Occasional Movement, while office work primarily involves sedentary tasks, occasional movement within the office space may be necessary. This could include walking to different areas of the office, attending meetings, or retrieving documents from filing cabinets or printers.
• Occasional Lifting and Carrying. There may be occasions when lifting or carrying lightweight objects weighing 10lbs. or less is necessary, such as moving office supplies or equipment.
• Occasional Pushing and Pulling. Some tasks may require pushing or pulling objects, such as rolling chairs or moving lightweight furniture or equipment weighing 30lbs. or less.
• Ergonomic Awareness. Awareness of ergonomic principles and practices is important to minimize the risk of musculoskeletal discomfort or injury. This includes adjusting workstation setups, using ergonomic furniture, and practicing proper lifting techniques when necessary.

Budget authority

• $1.8B

• Skills in communication, organization, and analysis within complex settings.
• Proficient reading and writing abilities for documents, reports, emails, and correspondence tasks.
• Effective phone communication skills for engaging in calls or video conferences, requiring good listening and verbal communication.
• Strategic thinking and planning capabilities, with a collaborative leadership style to build strong working relationships across various stakeholders.
• Excellent management skills, including facilitation, team building, and coordination.

• Bachelor's Degree in Finance, Accounting, Business, or a related field.
• Ten years of progressively responsible experience in financial and business operations, preferably in a large and complex organization.
• Advanced financial expertise encompassing accounting, budget planning, and financial forecasting.
  
• Demonstrated strategic leadership, change management, and process improvement abilities.
• Strong supervision experience with a track record of developing high-performance teams in a dynamic environment.
• Proficiency in data analysis for budgeting, operations, auditing, accounts receivable, and reserve analysis.

• Master's Degree, with at least 5+ years academic medical center financial planning and analysis.

Classified Title: Director Finance
Job Posting Title (Working Title): Director, Clinical FP&A
Role/Level/Range: L/05/LG
Starting Salary Range: $110,700 - $194,000 Annually ($191,300 targeted; Commensurate with experience)
Employee group: Full Time
Schedule: Mon-Fri, 8.30am - 5.00pm
Exempt Status: Exempt
Location: Hybrid/School of Medicine Campus
Department name: SOM Admin Finance FP&A
Personnel area: School of Medicine