Employment Status: AF - Active - Regular - Full Time
The Financial Planning Manager is responsible for improving financial decision-making across the organization by managing the hospital’s long range planning process, developing business plans and complex models, supporting the Financial Decision Support and Long Range Planning systems as well as Enterprise reporting and analytics tools.
The Financial Planning Manager must work collaboratively with peers internal and external to support Enterprise financial, operational and strategic goals. This role reports to the Director of Financial Planning and is a key resource to the Vice President of Financial Strategy, the Strategic Planning Leadership, the CHOP CFO, and others in the CHOP Executive Leadership Team. The Financial Planning Manager coordinates her/his activities with the Senior Finance Partners, the Strategy Team, Corporate Finance and others to ensure the most accurate and informative financial planning for the Enterprise.
Financial Long Range and Strategic Business Plan development
Manage the annual and off cycle analytical needs and refreshes of the 7 year long range financial planning process.
Organize assumptions, data and drivers including key volumes, gross revenues, payor mix, labor and non-labor expenses, including all capital plans needed for the 7 Year Plan from Corporate Finance teams, Research, Foundation and Practice Plans.
Validate approved business plan assumptions with Field Finance team.
Acquire financial data from primary or secondary sources and maintain databases/data/systems to update and manage the strategic planning software.
Monitor, edit, and audit data and reports related to long range planning process/functions.
Maintain up-to-date knowledge of Obligated and Controlled Entity structures to ensure proper representation in the long range planning process.
Support the coordination and integration of the 7 year plan into the annual budget process.
Establish/maintain quarterly rolling forecasts of long range financial information, as needed.
Identify, analyze, and interpret trends or patterns in complex data sets.
Participate in Strategic Financial Planning processes
Use critical thinking skills to recognize opportunities, report on the financial impact of proposed actions and work with Leaders to develop business strategies.
Participate in the preparation of detailed financial analysis and reporting required to evaluate potential business opportunities and support strategic financial planning initiatives.
Create financial models based upon strategic assumptions using data and drivers from Corporate Finance, Strategic and Operations teams.
Support financial planning, accounting and reporting processes for Frontier Programs across the Enterprise.
Work with leaders in Research, Practice Plans and Strategy and Business Development to develop budgets and forecasts, participate in reporting actual results and creates an Enterprise wide view for reporting for financial results and statistical volumes.
Job Responsibilities (Continued)
Support Enterprise Service Line Reporting and Profitability
Support the promotion of Service Line reporting to inform profitability, improve costing processes, inform business plans and promote improved decision making for Operational Leaders.
Work with Financial Analytics teams to continuously improve and develop financial reporting tools provided to Operational Leaders to support decision making.
Support analytical needs of the CHOP’s reporting, budget and planning processes.
Support clinical service line financial analyses requiring fully allocated cost data.
Provide analysis of financial data, including clinical service line reporting, trend analysis, proformas, and forecasts, and the monitoring of key financial metrics.
Develop and maintain relationships across the CHOP Enterprise.
Actively seeks input from members of the Operations, Practice Plans, Foundation, Research and Finance teams when appropriate.
Deliver financial and strategic insights across business units.
Facilitate an openly communicative environment, responds timely and promotes the generation of creative thinking and commitment to business process improvement.
Required Education and Experience
Bachelors in Accounting or Finance
6-8 years of experience with analytics and planning, service line profitability, financial and forecasting concepts.
Preferred Education, Experience & Cert/Lic
Additional Technical Requirements
Knowledge of ERP Payroll, Accounts Payable, General Ledger and Supply Chain modules, Workforce Analytics, EPIC, Microsoft products, Business Objects, Strata Jazz, Databases Allscripts or other Budget and Financial Decision Support platforms, Qlikview applications.
Strong problem solving skills and analytical skills with ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy.
Strong interpersonal and communication skills with the ability to explain complex finances to different audiences.
Knowledge of accounting concepts, budget processes and integrated and automated financial systems preferred.
All CHOP employees who work in a patient building or who provide patient care are required to receive an annual influenza vaccine unless they are granted a medical or religious exemption.
Children's Hospital of Philadelphia is committed to providing a safe and healthy environment for its patients, family members, visitors and employees. In an effort to achieve this goal, employment at Children's Hospital of Philadelphia, other than for positions with regularly scheduled hours in New Jersey, is contingent upon an attestation that the job applicant does not use tobacco products or nicotine in any form and a negative nicotine screen (the latter occurs after a job offer).
Children's Hospital of Philadelphia is an equal opportunity employer. We do not discriminate on the basis of race, color, gender, gender identity, sexual orientation, age, religion, national or ethnic origin, disability or protected veteran status.
VEVRAA Federal Contractor/Seeking priority referrals for protected veterans. Please contact our hiring official with any referrals or questions.
Children's Hospital of Philadelphia (CHOP) is the nation's first hospital devoted exclusively to the care of children. Since our start in 1855, CHOP has been the birthplace for countless breakthroughs and dramatic firsts in pediatric medicine. Built on a foundation of delivering safe, high-quality, family-centered care, the Hospital has fostered medical discoveries and innovations that have improved pediatric healthcare and saved countless children’s lives. Today, families facing complex conditions come to CHOP from all over the world, and our compassionate care and innovation has repeatedly earned us a spot on the U.S. News & World Report's Honor Roll of the nation's best children's hospitals.