Manager Financial Planning & Analysis

WVU Medicine•Weirton, WV

About The Position

Direct and coordinate the organization’s operating-budget activities, coordinating the full budget process with relevant departments and personnel. Compile budget financial statements, lead efforts to meet operating-budget targets and timelines, present budget information to senior management and others, and conduct ongoing actual-to-budget variance analysis. Work with department leadership on negative variances and corrective action plans. Oversee provider productivity reporting and the integrity and maintenance of Inflow or other productivity tools. Lead staff and manage their productivity to support efficient operations. The role also develops and distributes the budget calendar; establishes budgeting assumptions; analyzes statistical data and volume trends to inform projections; trains staff and clinical managers on the budgeting process and software; and supports departments in preparing budgets. It coordinates monthly financial reporting, departmental reports, pro forma analysis, budget changes, and system-wide budgeting and reporting projects. The manager supervises direct reports, including hiring, training, scheduling, performance evaluation, and development, and helps ensure deadlines and organizational objectives are met.

Requirements

Bachelor’s degree in Accounting, Finance, or Business Administration.
At least three years of experience in accounting or finance.
At least one year of supervisory or leadership experience.
Ability to problem-solve.
Excellent written and verbal communication skills.
Ability to teach or train others.
Ability to meet deadlines.
Flexible and detail-oriented.
Organized and professional.
Ability to function as a team player and maintain professional behavior.

Nice To Haves

CPA certification or a master’s degree in Accounting, Finance, or Business Administration.
Healthcare experience.

Responsibilities

Direct and coordinate the organization’s operating-budget activities and the full budget process across relevant departments and personnel.
Develop and distribute the budget calendar in a timely manner.
Oversee provider productivity reporting and maintain the data integrity of Inflow or other productivity software and tools.
Train accounting staff, analysts, and clinical managers on the budgeting process and budgeting software.
Analyze statistical data and volume trends, develop preliminary volume projections, and ensure appropriate correlation between physician entities and support hospitals.
Establish assumptions to guide the budgeting process.
Meet with department leadership to provide budgeting direction and coordinate and review results with the Accounting Manager.
Serve as a voting member and financial representative on Position Control Committees, and alert the VP of Finance to potential issues or conflicts.
Oversee direct reports and ensure established deadlines are met.
Distribute monthly departmental financial reports and ensure monthly financial information is loaded and reconciled for departmental access, including scorecards, variance analysis, and FTE Control Reports.
Conduct ongoing actual-to-budget variance analysis and communicate negative variances to department leadership.
Coordinate monthly financial reporting with the Director, Accounting & Budgeting / Controller, Manager, Accounting, and Accounting & Budgeting staff.
Establish action plans for unresolved variances, monitor their completion, and escalate issues to senior management when needed.
Supervise, monitor, and evaluate direct reports; recommend training and continuing education.
Recruit, hire, and train staff; evaluate personnel, develop and monitor staff goals, and counsel or discipline employees regarding performance or compliance issues.
Prepare work schedules to maintain coverage during critical periods, such as budget season.
Serve as the organization’s lead budget software expert and ensure software issues are resolved or reported to the WVUM administrator for timely resolution.
Coordinate data gathering and financial analysis for new pro formas, maintain and improve related templates, and recommend approval or denial of initiatives.
Track post-budget changes, including FTE and non-salary approvals.
Develop service-quality and performance-improvement initiatives and participate in change implementation and hospital-wide improvement projects.
Contribute to organizational margin-improvement initiatives.
Coordinate preparation of the Accounting & Budgeting department budget and manage the department within its approved budget.
Participate in system-wide projects, including standardizing management reporting and budgeting processes and maintaining consistency in cost-center approvals.