Manager Financial Planning

Advocate Health • Libertyville, IL

1d • $55 - $82 • Hybrid

About The Position

The Manager Financial Planning is responsible for coordinating, compiling, and reviewing operating and capital expenditure budgets, both annually and for long-range planning. This role develops and refines budgeting techniques to provide leadership with optimum financial control and planning tools. The position also provides consultation to operating departments on financial modeling and forecasting, analyzes data to offer recommendations to senior leadership aligned with strategic vision, and identifies/benchmarks financial opportunities and trends. The Manager explains and interprets close results, serves as a resource for various departments impacting financial performance, ensures compliance with financial regulatory and payer requirements, and interprets/enforces system policies. Additionally, this role performs human resources responsibilities for staff and develops/recommends operating and capital budgets while controlling expenditures. The Manager is responsible for understanding and adhering to the organization's Code of Ethical Conduct.

Requirements

• Bachelor's Degree in Finance or related field.
• Typically requires 5 years of experience in finance or accounting.
• Includes 1 year of supervisory experience in budgeting, financial forecasting, modeling, and planning.
• Excellent communication skills essential in order to interact effectively with all levels of management and staff.
• Demonstrated ability to explain complex financial issues to non-financial staff and leadership.
• Demonstrated proficiency in the Microsoft office (Word, Excel, PowerPoint, Access) or similar products.
• Ability to use accounting and financial software, systems, and data retrieval techniques.
• Demonstrated ability to handle multiple priorities.
• Strong relational skills and ability to get things done through teamwork, persuasion and influence
• Strong analytical skills, including ability to review quantitative and qualitative data and reach sound conclusions
• Strong understanding of health care dynamics and economics as it relates to the profitability of various services and the margin contribution available with marginal investment.

Nice To Haves

• Healthcare finance experience strongly preferred.
• Experience with budgeting, forecasting, financial analysis, and operational finance support.
• Strong Excel and financial modeling skills.
• Ability to partner effectively with operational leaders and present financial information to management.
• Prior leadership or supervisory experience preferred.

Responsibilities

• Coordinates, compiles and reviews the operating and capital expenditure budgets, both annually and for long range planning to achieve desired goals and objectives.
• Develops and refines budgeting techniques to provide leadership with optimum financial control and planning tools.
• Provides consultation to operating departments on financial modeling and forecasting to establish and maintain financial and budgetary accountability.
• Analyzes data and offers recommendations to senior leadership, which are in line with Advocate Aurora Health's strategic vision and objectives. Educates leadership on potential implications, identifies key issues, and assists with the interpretation of data and information.
• Identifies and benchmarks financial opportunities and trends using business and industry as well as competitive analysis. Works with operational leadership to implement operational improvements.
• Manages, explains and interprets close results for site(s) or service line leadership. Partners with direct leader and leadership to review and reconcile unusual expenses, unfavorable variances, or cost saving opportunities. Manages and participates in the production of reports and distributions to the organization.
• Serves as a resource/liaison for site(s) or service line leadership, corporate finance staff (general accounting and reimbursement, etc.) departments and functions that directly affect the financial performance, and revenue cycle (including managed care), health information management, system logistics, and information technology for the site(s) or service line by providing guidance on policies and procedures, provides direction of financial statement preparation process, consultation on specific finance-related issues or day-to-day operations issues, notification regarding material issues impacting net reimbursement, etc.
• Ensures compliance with financial regulatory and payer requirements.
• Interprets and enforces system, region, PSA, site and entity policies and procedures to ensure the smooth operation of financial functions and department operations.
• Performs human resources responsibilities for staff which include interviewing and selection of new employees, promotions, staff development, performance evaluations, compensation changes, resolution of employee concerns, corrective actions, terminations, and overall employee morale.
• Develops and recommends operating and capital budgets and controls expenditures within approved budget objectives.
• Responsible for understanding and adhering to the organization's Code of Ethical Conduct and for ensuring that personal actions, and the actions of employees supervised, comply with the policies, regulations and laws applicable to the organization's business.

Benefits

• Comprehensive suite of Total Rewards
• Benefits and well-being programs
• Competitive compensation
• Generous retirement offerings
• Programs that invest in your career development
• Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
• Premium pay such as shift, on call, and more based on a teammate's job
• Incentive pay for select positions
• Opportunity for annual increases based on performance
• Paid Time Off programs
• Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
• Flexible Spending Accounts for eligible health care and dependent care expenses
• Family benefits such as adoption assistance and paid parental leave
• Defined contribution retirement plans with employer match and other financial wellness programs
• Educational Assistance Program

What This Job Offers

• Job Type: Full-time
• Career Level: Manager