Vice President Financial Planning and Analysis

Department:

Status:

Benefits Eligible:

Hours Per Week:

Schedule Details/Additional Information:

Full time, M-F and as needed

Pay Range

MAJOR RESPONSIBILITIES

• Provides leadership, oversight, and responsibility for coordination, development, and delivery of capital and operating budgets as well as long-range financial planning across the enterprise.

• Creates and oversees the development and production of robust Financial Planning and Analytics office including hiring and training of staff, and design and execution of processes to ensure accurate and efficient workflow and communications.

• Responsible for overall management and direction of the capital review and approval process inclusive of project analysis, liaison to ECAB, capital capacity development, and capital project tracking.

• Develops and implements a system wide financial forecasting strategy and collaborates with senior leadership to analyze trends and identify opportunities to adjust strategic direction to meet system financial goals. Assures financial forecasting tools used are accurate, complete, optimized and contemporary.

• Responsible for the development of the Enterprise long range financial plan inclusive of assumption development, performance targeting, sources and uses, capital capacity, debt capacity, and presentation to senior leadership. This function is highly coordinated with key subject matters experts to produce the best possible product.

• Lead financial modeling and scenario planning to support strategic initiatives and investment decisions.

• Establish system-wide margin targets, return thresholds, and capital allocation strategies.

• Oversee cost accounting, decision support systems, and financial reporting processes.

• Leads labor management and productivity reporting processes for the enterprise.

• Given the nature of this role, the leader will be regularly engaged in specific project work around new business plans, acquisitions, dispositions, or special project analysis.

• Leader regularly provides thought leadership around financial planning disciplines and capital structuring

• Supports Advocate through the creation of analytics and dissemination of financial information and commentary including the budget, capital, actual performance metrics/trends, improvement initiatives, strategic investments and special projects as requested.

• Improves financial awareness through consultation and advice to senior management as to the impact of their decision-making. Works with other members of the management team and division to ensure that the financial objectives are met and are consistent with overall strategic goals.

• Participates in strategic, finance, operational, service line/departmental, data analytics and governance committees and directs special projects as requested by leadership.

• Continues optimization, integration, and development of Financial Systems including Decision Support, Planning, Rolling Forecast,

• Operating Budgeting, Capital Budgeting, Management Reporting, Dashboard Design, and Ad Hoc Reporting.

Licensure, Registration, and/or Certification Required:

• None Required.

Education Required:

• Master's degree in business, finance, accounting, healthcare administration, or related advanced degree required

• Professional certification as a CPA or CFA, preferred

Experience Required:

• Typically requires 10 years of management experience in financial operations within the healthcare industry

Knowledge, Skills & Abilities Required:

• Values-driven leader with high integrity and a collaborative leadership style.

• Demonstrated success in driving financial performance, operational efficiency, and strategic growth.

• Experience with mergers and acquisitions, joint ventures, and enterprise-wide financial integrations.

• Experience in consulting with senior level leadership providing guidance on financial strategies and decisions that impact the performance of

• the organization.

• Advanced knowledge and skills in developing and evaluating complex financial plans and strategies which support creating effective,

• successful business plans.

• Effective problem solving, methodical, detail-oriented, and analytical, with the ability to manage cross-functional projects and collaborate with

• different individuals and functions across the organization.

DISCLAIMER
All responsibilities and requirements are subject to possible modification to reasonably accommodate individuals with disabilities.
This job description in no way states or implies that these are the only responsibilities to be performed by an employee occupying this job or
position. Employees must follow any other job-related instructions and perform any other job-related duties requested by their leaders.

PHYSICAL REQUIREMENTS AND WORKING CONDITIONS

• This position requires travel, therefore, will be exposed to weather and road conditions.
• Operates all equipment necessary to perform the job.
• Exposed to a normal office environment.

Our Commitment to You:

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:

Compensation

• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
• Premium pay such as shift, on call, and more based on a teammate's job
• Incentive pay for select positions
• Opportunity for annual increases based on performance

Benefits and more

• Paid Time Off programs
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
• Flexible Spending Accounts for eligible health care and dependent care expenses
• Family benefits such as adoption assistance and paid parental leave
• Defined contribution retirement plans with employer match and other financial wellness programs
• Educational Assistance Program

About Advocate Health 

Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs. Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation's largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits.