VP Finance

About Children's Minnesota
Children's Minnesota is one of the largest pediatric health systems in the United States and the only health system in Minnesota to provide care exclusively to children, from before birth through young adulthood. An independent and not-for-profit system since 1924, Children's Minnesota is one system serving kids throughout the Upper Midwest at two free-standing hospitals, nine primary care clinics, multiple specialty clinics and seven rehabilitation sites. As The Kids Experts in our region, Children's Minnesota is regularly ranked by U.S. News & World Report as a top children's hospital. Find us on Facebook @childrensminnesota or on Twitter and Instagram @childrensmn. Please visit

Children's Minnesota is proud to be recognized by Modern Healthcare as one of 2023's Top Diversity Leaders. The national honor recognizes the top diverse healthcare executives and organizations influencing public policy, care delivery, and promoting diversity, equity and inclusion in their organizations and the industry.

Department Overview
The Financial Planning department partners with managers to create the annual Operating and Capital budgets and assists with variance analysis of actual activity versus budgeted activity. This department also provides to all levels of management program profitability reporting, financial information, and analysis to support organizational and departmental decisions.

Position Summary
This leadership position will lead the strategic and operational elements of finance, including setting strategy while implementing best in class technology, systems and processes to enable the organization to achieve its financial goals.

The Vice President of Finance oversees the areas of: Financial planning and analysis, financial decision support, business plan evaluation, capital evaluation and approvals, enterprise reporting, treasury, and controllership. As a key leader at Children's Minnesota, this position will be instrumental in setting the future direction of the organization by ensuring that strategies and initiatives are financially viable in light of changing health care economics.

Using data and in-depth financial analysis, this position will partner and collaborate with other leaders to solve business issues and drive economic value across Children's Minnesota. A key focus will be working across departments on the allocation of organization wide capital (including site planning) and resource management to maximize capacity utilization. Data driven decision making will be supported by developing and tracking cross-functional business metrics. Moreover, this position will set financial policy to assure short-term fiscal discipline and the long-term financial strength for Children's Minnesota, including improved cash management strategies.

Location (e.g. remote or on-site): Remote

DHS Background Study Required? No

License/Certification/Registration

• CPA preferred

Education

• Undergraduate degree in finance, business or other applicable major.
• Master's degree or equivalent experience preferred.

Experience

• 15+ years¿ finance and accounting experience required including:
• 10+ year progressive experience in creating complex financial models and driving, decision support across service line and operational P&Ls,
• 5+ years of leadership and management experience of professional staff required,
• Healthcare finance and accounting experience, and
• Minimum experience of P&L responsibility for net revenues of $800M.

Knowledge/Skills/Abilities

• Excellent proficiency with company financial reporting and forecasting.
• Experience in managing internal and external financial reporting.
• Knowledge of and ability to apply US non-profit GAAP principles.
• Experience in treasury methodologies and practices, including cash management and debt financing vehicles along with working capital management strategies.
• Expertise in developing and leading the development of strategic plans and budgets, cash forecasting, labor budgets and variance analysis, capital budgets, financial balance sheet projections, operating budgets.
• Knowledge and ability to apply different financial planning methodologies such as activity-based budgeting, zero based budgeting, incremental budgeting and rolling forecasts.
• Strong internal control experience with the ability to implement new processes to elevate financial controls across the organization.
• Knowledge of federal, state and local regulations, guidelines and standards related to financial activities that may impact the organization.
• Able to solve issues quickly and effectively - Translates strategies into manageable steps for action.
• Outstanding analytical and problem-solving skills with a strong attention to detail - Applies a systematic approach to problem solving.
• Team Player with the ability build consensus, implement change and positively influence and motivate others.
• Continuous improvement mindset that understand the challenges facing health care with a vision to transform the work - Experience with project management techniques and continuous improvement tools required.
• Able to brainstorm and implement new ideas, while resourcefully and creatively solving business issues.
• Excellent communicator and able to present complex concepts in an easy to understand way.
• Proficient in Microsoft Office Suite.

Physical Demands
Please click here to view the Physical Demands

The posted salary represents a market competitive range based on salary survey benchmark data for similar roles in the local or national market. When determining individual pay rates, we carefully consider a wide range of factors including but not limited to market indicators for the specific role, the skills, education, training, credentials and experience of the candidate, internal equity and organizational needs.

In addition to your salary, this position may be eligible for medical, dental, vision, retirement, and other fringe benefits. Positions that require night, weekend or on-call work may be eligible for shift differentials or premium pay.

All job offers are contingent upon successful completion of an occupational health assessment, drug screen, background investigation, and compliance with the U.S. Government Form I-9, Employment Eligibility Verification.

Children's Minnesota is proud to be an equal opportunity employer whose staff is representative of its community and considers qualified applicants for open positions without regard to race, color, creed, sex, religion, national origin, sexual orientation, genetic information, gender identity or expression, age, veteran status, disability, pregnancy, citizenship status, or any other characteristic protected under applicable federal, state, or local law.