Director, Financial Planning and Analysis

MedAmerica • Sacramento, CA

3h • Remote

About The Position

At Vituity, the Director, Financial Planning and Analysis plays a crucial role in transforming healthcare by preparing and presenting analyses, forecasts, and recommendations to senior management and officers to support critical company decisions. This position is integral to assuring timely completion of analyses for managed care contracting, challenging standard business models for new growth, and advising officers and managers on financial performance, risks, and opportunities. The Director monitors the financial components of the multi-year strategic plan, maintains knowledge of competitor strategy, and educates Board members on various financial topics. The role involves providing senior-level direction on financial analysis and pro-forma development for new growth opportunities, supporting the CFO in strategic planning, and leading the annual site budgets and enterprise-wide 18-month rolling forecast cycle. Additionally, the Director is responsible for directing and developing financial analyses for business growth, partnering with the CEP Operations team, developing financial models for new programs, and monitoring new contract growth. The role also includes presenting detailed annual budgets, working with the Accounting team on monthly closing, reviewing financial reports for Board presentations, and providing technical direction and people management for the FP&A team, including performance reviews and professional development. The Director will also be involved in corporate-level cross-functional initiatives, M&A financial evaluations, and initiatives to optimize financial systems and reporting.

Requirements

• Bachelor's degree in Accounting or Finance required.
• 10 years of finance-related experience, preferably in healthcare, required.
• Must be knowledgeable in the principles of U.S. GAAP.
• Highly analytical and detail-oriented.
• Strong communication skills and the ability to partner with CEP physicians and key MedAmerica departments.
• Strong understanding and working knowledge of current accounting and finance reporting practices.
• Working understanding of business accounting practices.
• Advanced experience in Microsoft Excel (Pivot Tables, Vlookup, ability to write simple formulas, etc.)
• Strong analytical skills with a demonstrated ability to research and troubleshoot issues.
• Ability to complete work with high attention to detail and degree of accuracy.
• Ability to work cross functionally in a fast-paced and changing environment.
• Ability to establish and maintain effective working relationships as required by the duties of the position.
• Excellent written and oral communication skills in order to effectively communicate with a wide variety of audiences.
• Ability to establish and manage multiple priorities while meeting business critical deadlines.
• Strong time management and organizational skills.
• Ability to exhibit high standards of ethics, accountability, and responsibility.
• Positive attitude, strong interpersonal skills, and flexible approach.
• Proven ability to adapt to changing organizational and operational needs and continuously meet deadlines.

Nice To Haves

• Master’s degree in Business Administration preferred.
• CPA or CMA preferred.
• Experience with NetSuite ERP/EPBCS reporting system preferred.
• Prior experience in the healthcare industry preferred.
• Experience working with a multi-state enterprise with multiple corporations and partnerships preferred.

Responsibilities

• Prepares and presents analyses, forecasts, and recommendations to senior management and officers to support critical decisions for the company.
• Assures that analyses to support managed care contracting are completed in a timely manner including data analysis of payers.
• Challenges our standard business model and associated formulas to fit new potential growth and/or to facilitate new business lines.
• Advises the Officers and Managers on financial performance relative to budget, areas of risk, and opportunity.
• Monitors the financial components of the multi-year strategic plan.
• Maintains working knowledge of competitor strategy and financial results in order help deliver incremental competitive gains across enterprise.
• Educates all Board members regarding one topic per year: Med-mal, Insurance/Risk, Cost Accounting, Financial Due Diligence for New Business, Calculation of Fair Market Value.
• Provides senior-level direction on financial analysis and pro-forma development for all new growth opportunities.
• Supports CFO in developing and implementing strategic plans and objectives for the organization in alignment with corporate strategy.
• Leads the FP&A on annual site budgets and enterprise-wide 18-month rolling forecast cycle.
• Assures that collection per patient forecasts are accurate for all specialties for both existing contracts and all new contracts.
• Provides senior-level direction to financial analysis and pro-forma development for site specific “what if” calculations including facilitating education for self-service modules.
• Works closely with Growth leadership to understand portfolio implications of various opportunities including analysis of available “investment” account.
• Responsible for directing, producing, and developing financial analyses to support key decisions for business growth including multiple site analysis and combination of sites.
• Partners with CEP Operations team to facilitate understanding of key financial drivers and creates education materials for site management.
• Develops financial models for new programs and practice lines and supports the development of business plans for new ventures.
• Monitors and analyzes monthly new contract growth against forecasted targets.
• Participates in Growth and Operations to determine if all new contract opportunities should be implemented or cancelled.
• Presents detailed annual budgets and subsequent rolling forecasts for approval by Medical Group clients’ board of directors and MedAmerica’s board of directors.
• Works with Accounting team on the monthly closing process to assure that site-specific and department-specific reports are available to end users in a timely fashion.
• Reviews monthly/quarterly reporting of actuals compared to forecasts/budgets and reforecast the business monthly prior to distribution to leaders.
• Reviews monthly research and written analysis of variances of actual to forecasted growth and provides guidance.
• Reviews financial reports, analyses, and materials for Board presentation.
• Prepares any other ad hoc reports/analyses for senior management.
• Provides technical direction and support to FP&A staff and others within Finance.
• Responsible for people management of the FP&A team.
• Responsible for conducting bi-annual performance reviews, coaching team members on areas related to individual professional development plans.
• Oversees the day-to-day activities of FP&A team.
• Provides timely and meaningful written and verbal feedback to staff.
• Works with staff to achieve their goals and objectives.
• Takes an active part in several corporate-level cross-functional initiatives and strategic projects.
• Provides necessary leadership and management skills to assigned finance functions.
• Helps create finance-related service level agreements with various departments.
• Supports the M&A financial evaluation efforts, including due diligence, financial analysis, support of deal structures, negotiations and transactions, and reports information to the CFO.
• Reviews and recommends action for all stock or bond investments including those requested by the innovation team.
• Drives initiatives related to optimizing financials systems, creating and improving management reporting.

Benefits

• Monthly wellness events and programs such as yoga, HIIT classes, and more
• Trainings to help support and advance your professional growth
• Team building activities such as virtual scavenger hunts and holiday celebrations
• Flexible work hours
• Opportunities to attend Vituity community events including LGBTQ+ History, Día de los Muertos Celebration, Money Management/Money Relationship, and more
• Superior health plan options
• Dental, Vision, HSA/FSA, Life and AD&D coverage, and more
• Top Tier 401(k) retirement savings plans that offers a $1.20 match for every dollar up to 6% plus discretionary profit-sharing contributions (eligible January following 18 months of service)
• Generous paid time off starting 3-4 weeks’ annually
• Student Loan Refinancing Discounts
• Professional and Career Development Program
• EAP and travel assistance included
• Wellness program
• Purpose-driven culture focused on improving the lives of our patients, communities, and employees
• Annual corporate Success Sharing bonus program, which is based on the company’s annual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 501-1,000 employees