Req ID: 17345
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 enterprise business plans, and facilitating the annual capital budgeting process. Expert or Strong knowledge of financial statements mandatory, to include income statement, balance sheet and statement of cash flows.
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 Plan (10 Year Plan)
Manage the annual and off cycle analytical needs and refreshes of the 10 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 10 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 10 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.
Enterprise Business Planning
Participate in the preparation of detailed financial pro formas and reporting required to evaluate potential business opportunities and support strategic financial planning initiatives.
Use critical thinking skills to recognize opportunities, report on the financial impact of proposed actions and work with Leaders to develop business strategies and relate directly to the financial statements.
Create financial models based upon strategic assumptions using data and drivers from Corporate Finance, Strategic and Operations teams.
Provide lookback capability for the monitoring of approved business plans.
Facilitate the Capital Budgeting Process by managing the Strata Capital Budgeting application
Provide user access, training, and operational support of the Capital Budging Tool
Assist end users in completing capital budging requests including development of associated business plans
Support internal Capital Steering Committee for capital requests, actual vs budget capital expenditure reporting and retrospective reviews of previously approved capital projects
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 Licenses, Certifications, Registrations
Required Education and Experience
Required Education: Bachelors in Accounting or Finance
Required Experience: 6-8 years of experience with analytics and planning, service line profitability, financial and forecasting concepts.
Preferred Education, Experience & Cert/Lic
Preferred Education: Masters
Preferred Experience: Healthcare experience
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.
CHOP Careers Contact
2716 South Street, 6th Floor
Philadelphia, PA 19146