Principal Financial Planning Consultant

2 weeks ago


Edison, New Jersey, United States Hackensack Meridian Health Full time
Overview
At Hackensack Meridian Health, our team members are essential to our success.

We are dedicated to helping our patients lead healthier lives while fostering an environment where our employees can thrive.

Our culture emphasizes connection and collaboration, making our employees integral team members. Competitive benefits are just the beginning; we prioritize mutual support and community engagement.

Together, we strive for continuous improvement, advancing our mission to transform healthcare and be a leader in positive change.

Position Summary
The Senior Financial Planning Analyst plays a critical role in executing daily financial analysis initiatives within the organization's business development and corporate planning sectors for the Hackensack Meridian Health (HMH) network.

Key Responsibilities
A typical day for a Senior Financial Planning Analyst at Hackensack Meridian Health involves:

  • Assisting management in formulating business development strategies.
  • Collaborating with external valuation experts to assess fair market value and the commercial viability of transactions.
  • Working closely with the Legal Department, Executive Office, and the Chief Medical Officer's Office.
  • Conducting financial forecasting, feasibility studies, and sensitivity analyses by evaluating trends, costs, revenues, and financial commitments to project future financial performance.
  • Supporting the preparation of proposals or presentations that highlight the potential benefits of new business ventures.
  • Assisting senior management in developing the 5-year rolling capital formation plan.
  • Monitoring performance against business plans to clarify deviations and providing follow-up analyses for operational enhancements.
  • Contributing to monthly analyses, including productivity metrics and cost comparisons, while collaborating with the Business Intelligence department to standardize reporting within Oracle BI.
  • Providing backup support to Finance Managers and staff, while promoting ongoing quality improvement.
  • Performing additional duties and projects as assigned.

Adhering to HMH's organizational competencies and standards of conduct is essential.

Qualifications
Required:
  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
  • A minimum of 6 years of progressive experience in financial planning and analysis.
  • Strong understanding of GAAP (Generally Accepted Accounting Principles).
  • Proficient knowledge of not-for-profit accounting.
  • Advanced computer skills, particularly in Excel and Google Sheets.
  • A hands-on approach and willingness to engage in detailed work.
  • Ability to establish effective working relationships with senior management and staff across all organizational levels.
Preferred:
  • Master's Degree in Business Administration (MBA) or a related field.
  • Experience in a multi-subsidiary or multi-unit organization.

If you believe this description aligns with your skills and expertise, we encourage you to consider this opportunity.



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