Director of Financial Planning & Analysis ( 1.0FTE, Days )
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Finance & Accounting
1.0FTE, 8-hour Day Shift
Lucile Packard Children's Hospital Stanford is the heart and soul of Stanford Children’s Health. Nationally ranked and internationally recognized, our 311-bed hospital is devoted entirely to pediatrics and obstetrics. Our six centers of excellence provide comprehensive services and deep expertise in key obstetric and pediatric areas: brain & behavior, cancer, heart, pregnancy & newborn, pulmonary and transplant. We also provide an additional, wide range of services for babies, kids and pregnant moms.
This paragraph summarizes the general nature, level and purpose of the job.
Directs activities financial planning and patient data analytics for the organization. Coordinates the preparation of the operating budgets (including both fixed and flex) and capital budgets for the hospital. Monitors revenues and expenses for conformance to budget and develops recommendations for adjustments. Organizes the performance of patient data analytics, cost analysis and business development. The Director is also responsible for providing detailed analysis of financial and operational performance to senior management, new business plans, external data submissions, validation for hospital-wide initiatives including Clinical Resource Management, Performance Improvement, and Value Analysis, and distributes quarterly the hospital’s Center of Excellence P&Ls. Responsible for the supervision of managers, supervisors and financial analysts.
The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned.
- Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patient’s rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings.
- Must perform all duties and responsibilities in accordance with the Service Standards of the Hospital(s).
- As part of the multi-disciplinary team, is responsible for supporting the production new business plans.
- Manages the development of timely and accurate Centers of Excellence analysis.
- Oversees the performance of patient data analysis and utilizes the data to draw meaningful conclusions to support business decisions.
- Develops and maintains budget procedures, schedules and materials which ensure accurate and timely production of hospital-wide detailed budgets.
- Organizes and presents to management reports on a cyclical basis and provides interpretive analysis for senior management and appropriate Board committees.
- Ensures data integrity through collaboration with other departments.
- Collaborates with the Administrative Director to develop the organization’s Long Range Financial Plan which is presented at the Board level; manages the lead analyst responsible for the strategic model.
- Manages the department to ensure achievement of functional and budget/financial goals. Selects, develops, motivates and evaluates the performance of assigned managers, supervisors and/or individual contributors.
- Monitors actual performance against budget; directs the analysis of hospital's results relative to budget and past history. Identifies key issues, trends, problem areas, and remedial alternatives and effect on future operations and communicates findings to senior management.
- Provides accurate, timely and relevant reports, information and analysis to requesters regarding business, productivity, physician and program profiles, contract modeling, quality studies, etc.
- Responsible for financially-oriented external data submissions which are the foundation for the hospital’s benchmarking analysis.
- Trains department managers and other hospital management as needed in budget processes, the interpretation of patient data and performance reporting.
- Working directly with the hospital’s COO, reviews and validates LPCH capital requests and is responsible for the administrative functions of the Capital Committee.
Any combination of education and experience that would likely provide the required knowledge, skills and abilities as well as possession of any required licenses or certifications is qualifying.
Education: Bachelor's degree in a work-related field/discipline from an accredited college or university
Experience: Seven (7) years of progressively responsible and directly related work experience including five (5) years of financial accounting experience.
Knowledge, Skills, and Abilities
These are the observable and measurable attributes and skills required to perform successfully the essential functions of the job and are generally demonstrated through qualifying experience, education, or licensure/certification.
- Ability to communicate complex concepts in simple form to non-finance users to understand the appropriate use and limits of the information provided
- Ability to develop long-range business plans and strategy
- Ability to foster effective working relationships and build consensus
- Ability to manage, organize, prioritize, multi-task and adapt to changing priorities
- Ability to mediate and resolve complex problems and issues
- Ability to provide leadership and influence others
- Ability to use sophisticated conceptual, numerical, analytical and statistical skills to solve complex and unique financial problems
- Knowledge of computer systems and software used in functional area
- Knowledge of finance concepts such as operating and capital budgeting, discounted cash flow, financial statement analysis, statistics, financial forecasting
- Knowledge of local, state and federal regulatory requirement related to the functional area
- Knowledge of principles and practices of organization, administration, fiscal and personnel management
- Knowledge of TSI decision support system and budget process in a matrix organization
Physical Requirements and Working Conditions
The Physical Requirements and Working Conditions in which the job is typically performed are available from the Occupational Health Department. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job.