POSITION SUMMARY :
Reporting to the Director of Financial Planning, the Manager is responsible for overseeing the daily operations and management of the financial planning team at Boston Medical Center. This role involves coordinating and executing the Hospital's financial planning activities, including budgeting, forecasting, long-term planning, and monthly close reporting. In partnership with senior leadership, the Manager will identify, develop, and implement short-term and long-term process improvements within the scope of the FP&A team.
The Manager will supervise and manage Financial Planning Department team analysts, ensuring the development and maintenance of ongoing financial management reporting. This will include mentoring and performance management. This position is a crucial leadership role within the Finance organization, requiring exceptional attention to detail, the ability to summarize key issues, and the capacity to influence leaders across the System.
Position: Manager of Financial Planning, BMC Health System
Department: BMC Financial Planning Analysis
Schedule: Full Time
ESSENTIAL RESPONSIBILITIES / DUTIES:
Budgeting and Forecasting:
a. In partnership with the Director of Financial Planning, manage the annual budget process to ensure alignment with hospital goals.
b. Advise operational leaders on budgetary requirements and ensure alignment with hospital goals.
c. Monitor budget performance and identify variances, recommending corrective actions as necessary.
d. Identify improvements in budgeting processes and systems to increase efficiency and accuracy.
Financial Analysis:
a. Conduct in-depth financial analysis to identify trends, variances, and opportunities for cost savings and efficiency improvements.
b. Provide financial insights and recommendations to support strategic planning and operational decisions.
Strategic Financial Planning:
a. Assist in the development of long-term financial strategies aligned with the hospital's mission and objectives.
b. Identify and recommend short-term and long-term strategic plans for process improvement within the FP&A team.
Reporting:
a. Prepare comprehensive financial reports for senior management, the Board of Directors, and other stakeholders.
b. Ensure accurate and timely financial reporting, adhering to relevant regulations and standards.
c. Lead monthly leadership reporting process, including communicating detailed analyses and presentations to hospital leadership.
Team Leadership:
a. Directly supervise a team of financial analysts, fostering a culture of continuous improvement and professional development.
b. Act as a resource for team members, helping to solve complex problems.
c. Train Financial Analysts on departmental policies and procedures.
d. Lead performance management reviews for a team of Financial Analysts.
e. Promote collaboration and effective communication within the finance team and across other departments.
(The above statements in this job description are intended to depict the general nature and level of work assigned to the employee(s) in this job. The above is not intended to represent an exhaustive list of accountable duties and responsibilities required).
JOB REQUIREMENTS
EDUCATION:
Bachelor's degree in Finance, Accounting, Business Administration, or a related field; MBA preferred.
CERTIFICATES, LICENSES, REGISTRATIONS REQUIRED:
Certified Public Accountant (CPA) or Certified Healthcare Financial Professional (CHFP) preferred but not required.
EXPERIENCE:
Minimum of 5-7 years of experience in financial planning and analysis, preferably in a healthcare setting.
Minimum of 1-2 years of supervisory responsibility.
KNOWLEDGE, SKILLS & ABILITIES (KSA):
Strong analytical skills with the ability to interpret complex financial data and provide actionable insights.
Proficient in financial modeling, budgeting, and forecasting techniques.
Excellent communication and presentation skills, with the ability to convey financial information to non-financial stakeholders.
Advanced proficiency in financial software and Microsoft Office Suite, particularly Excel and PowerPoint.
Strong leadership and team management skills, with a track record of developing high-performing teams.
Equal Opportunity Employer/Disabled/Veterans
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