Director, Financial Planning and Analysis - Corp Finance Admin - Full Time 8 Hour Days (Exempt) (Non-Union)

The Director, Financial Planning and Analysis manages the Company's financial planning and reporting activities and reports to the Chief of Financial Planning and Analytics. This position collaborates with many functions across the Health System (i.e. Strategy & Business Development, Operations, Analytics, General Accounting, etc.). The Director will be frequently involved in the analysis of ongoing financial data, operational data, general statistical reports of system performance, and developing reports that recommend courses of action based on the spectrum of data analysis. Financial Planning and Analysis is responsible for being an objective and strategic financial partner in order to drive relevant and efficient financial planning and analysis that supports the Health System's key business decisions. The person in this position possesses a strong knowledge of planning, budgeting and reporting concepts, as well as having exceptional analytical and communication skills.

Essential Duties:

• Operating Budget / Rolling Forecast / Long Range Financial Plan / Capital Planning • Oversees and manages the development and communication of the annual operating budget of the system. This includes validation of the various assumptions and inputs, a critical quality review of the annual budgets during the budget process and support in the development of the annual budget presentation. • Makes recommendations to senior management concerning opportunities for implementation consideration to improve operating performance. • Provides input and oversees the long-term financial planning for capital projects including the identification of strategic capital needs and the development of the supporting business plans. • Oversees the development of the financial evaluation for proposed capital equipment acquisitions and capital improvement projects.
• Financial Performance • Works with the various Operating Directors to regularly review entity financial performance and promptly communicate significant findings and trends to entity senior management. Findings and trends will include, but are not limited to variances in: ◦ Entity and departmental volumes ◦ Revenue and Payor Mix ◦ Productivity / Labor expense ◦ Service Line performance ◦ Supply expense ◦ Other expenses ◦ Inventory Control ◦ Capital (Equipment and Projects) • Works with entity senior management to determine tactics to address financial variances. Identifies potential expense reductions to address operating performance. • Identifies and assists in driving process improvement initiatives which supports improving financial performance. Financial and Contract Analysis Develops financial models of proposed business transactions, i.e. joint ventures, acquisitions or divestures in conjunction with the Chief Financial Officer. • Provides business planning support to new and existing service lines, assuring consideration of financial implications.
• Management Education • Assures ongoing education and training is provided to the Operating Unit management staffs to facilitate utilization of all available reports and financial monitoring tools. • Assesses individual and departmental financial education needs, and tailors support for those needs. • Functions as a Senior Management resource and clearing house for unresolved financial questions and support requests.
• Leadership Responsibilities • Direct Supervision of at least 2 or more exempt staff • Oversees some non-management employees or works through subordinate managers in directing the work of others
• Perform other duties as assigned

Required Qualifications:

• Req Bachelor's degree Degree in Finance or Accounting

• Req 8 years Experience in complex financial analysis and financial planning
• Req 8 years Experience in Business Analysis for Healthcare Industry
• Req 3-5 years Progressive leadership experience and supervising a team

• Req Exceptional understanding of professional finance and accounting in a health care setting.
• Req Able to manage, guide and lead employees to ensure appropriate financial processes are being used.
• Req Excellent proficiency in Microsoft Office specifically with Excel and applicable finance software.
• Req Ability to work effectively with Health System senior leadership for purposes of supporting enterprise financial decisions.
• Req Exceptional interpersonal, communication and presentation skills.
• Req Solid understanding and familiarity with accounting concepts and practice, and financial statistics.
• Req Working knowledge of all statutory legislation and regulations.
• Req Strong personnel management skills
• Req Knowledge of GAAP and cash accounting rules and experience in month and year end close.

Preferred Qualifications:

• Pref Master's degree Master’s preferred

Required Licenses/Certifications:

• Req Fire Life Safety Training (LA City) If no card upon hire, one must be obtained within 30 days of hire and maintained by renewal before expiration date. (Required within LA City only)

The annual base salary range for this position is $158,080.00 - $260,832.00. When extending an offer of employment, the University of Southern California considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate’s work experience, education/training, key skills, internal peer equity, federal, state, and local laws, contractual stipulations, grant funding, as well as external market and organizational considerations.