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MANAGER FINANCIAL PLANNING AND ANALYSIS - CARY OR SERVICES

Email Job Job ID: FIN003A7

Job Description

This position oversees the annual operations and capital budget, service line reporting and analysis, monthly variance analysis in support of the month end close process, and creates and distributes high level financial analysis and financial models to assist senior management with operations and finance decisions. Work involves a high level of independent judgment, decision-making, accuracy, creativity and initiative.

1.1 Maintains an environment of safety for patients, self and others.
1.2 Manages service line analytics across the ambulatory surgery service line and presents financial analysis to executive leadership. Identifies trends and opportunities for gaining competitive advantage in the marketplace.
1.3 Oversees the preparation of the annual operating and capital budget, in coordination with the Director. Specific area of focus will be forecasting revenues and expenses and facilitating the evaluation/inclusion of proposed business plans in the operating and capital budgets. Leads and manages the departmental budget trainings and serves as the point of contact to managers and directors during budget preparation.
1.4 Conducts complex analysis on large data sets and develops regular and ad-hoc reports and for leadership to assist in the decision-making process; manages the design and creation of complex, dynamic financial models to facilitate decision-making by senior leadership; and researches, collects, manipulates and analyzes data; draws inferences, summarizes and presents key findings to Director and Senior Management for assigned topics.
1.5 Forecasts revenues and expenses and researches ways to enhance hospital revenues and control costs. Manages the implementation of financial improvements and tracks achievement of objectives. Creates and evaluates cash flow models using NPV analysis for business planning for potential new service lines and business units. Maintains the organization's financial forecast models and administers the financial reporting system.
1.6 Under the direction of the Director, serves as the primary financial planner and analyst for the ambulatory surgery service line to ensure consistency and accuracy in financial reporting and presentations. Reviews organization’s financial reports, identifying trends and opportunities for performance improvement. Compares key financial indicators to those of competitors.
1.7 Manages cross-functional service line teams to produce business plans for new business initiatives and operational improvements for review by Management. Includes conducting financial feasibility studies, preparing project plans, analyzing potential operations, and identifying steps for implementation. Works closely with department managers to generate ideas and prepare assessments of business opportunities for new services or technologies.
1.8 Manages the compilation of market and operational analyses in coordination with department leadership, to support the budget and strategic planning process. Includes collecting, organizing, and interpreting large quantities of complex data. Serves as a liaison between the department and clinical service line teams, representing the resources of the Department and providing specialist knowledge in assigned area of expertise. Develops and maintains positive working relationships with internal and external clients.
1.9 Designs and creates analytical models to ensure achievement of objectives and exercises independent judgment in model design and development; designs models to demonstrate impact of regulatory changes and proposes strategic alternatives to departmental leadership.
1.10 Tracks and models population and volume growth trends and health care utilization. Projects demand for services using complex spreadsheet analysis and regression models. Incorporates data from online market information system, databases, and other sources as appropriate. Researches developments in health care technologies to determine impact on service utilization, future volumes and profitability. Assesses competitor service development and performance. Identifies and directs the compilation of operating and financial data on key competitors and provides trend analyses and ad-hoc reports of statistics.
1.11 Monitors development of annual State Medical Facilities Plan, Licensure and Facilities rules and other regulations affecting health care planning. Drafts narrative and analytical arguments for certificate of need applications and other requests to regulatory agencies.
1.12 Evaluates internal and external data on physician activity, identifying trends and opportunities for improvements in volume and revenue. Creates and updates trend reports for operational and physician relations staff. Develops, implements and reports on surveys of physician satisfaction, consumer trends, and internal surveys as necessary. Prepares evaluation of vendor proposals and makes recommendations to department leadership.
1.13 Manages new business plan development to include assessment of new business plan development and performance. Compares operating and financial data on business plans in implementation and reports on their performance against projections.

Qualifications

Bachelor's degree required. Master's degree or equivalent, MBA or MHA preferred; or six to eight years related experience and/or training. Four or more years of experience in healthcare planning or financial analysis is preferred.

Six to eight years of experience in a related financial management role. Minimum of four years of direct financial analysis experience through a combination of education and professional experience.

CPA required.

Primary Location: Raleigh, North Carolina, United States

Department: REXH-14305-Cary OR Services

Shift: Day Job

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  • Management- Non-Clinical, Raleigh, North Carolina, United StatesRemove