Manager of Financial & Capital Planning

University of Maryland Medical System - Baltimore, MD (30+ days ago)3.9


What You Will Do:
UMMS is hiring a Manager of Financial and Capital Planning:
General Summary:
Under the supervision of the Vice President of Finance, manages the long and short range financial planning activities and capital resource allocations for the Medical Center (“UMMC”), Medical System (“UMMS”), and its Subsidiaries. Additionally, the position manages the Financial Planning staff.

Principal Responsibilities and Tasks

The following statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by personnel so classified.

Hospitals’ and System Strategic Financial Planning: Responsible for creating and maintaining the hospitals’ and System five year financial plan for hospital and System senior management in order to determine the level of operating performance required to fund the institutional operating and capital needs. This includes five-year projection of volume, rates, revenue, uncompensated care, operating expense and capital expenditures. The five-year plan includes the production of full set of financial statements including an income statement, balance sheet, cash flow statement, financial ratios and a sources and uses of capital.
Capital Planning, Assessment and Management:Manage the annual and strategic capital plan for each hospital and maintain a System consolidated annual capital plan. The Director for Financial and Capital Planning will be responsible for the preparation of the annual capital budget, monitoring actual spending against budget, recommending the distribution of capital funds, managing the cash flow of capital funds, and maximizing the use of non-UMMS funding resources (grants, debt and philanthropy). The majority of this effort will relate to UMMC activities due to the size and complexity of the academic center. This process incorporates the Medical System’s five-year financial plan to determine both the strategic implications of replacement capital, program commitments and long range master facility planning requirements.
Capital Sources: Works with various entities to identify and coordinate the receipt of sources of funds for capital expenditure programs. These include coordination of activities with the State of Maryland, Foundation staff for fundraising activity and issuance of long-term debt. Additionally, the department participates in the coordination of the overall debt strategy including all tasks associated with new debt issues and refinancing opportunities.
Strategic Financial Projects: Manage and coordinate significant new and replacement capital projects, joint ventures with physicians and/or hospitals, mergers, and acquisitions. These projects may require the coordination of clinical departments, physician leadership, hospital senior management, financing agents, State of Maryland officials, and other institutions to successfully plan and implement a particular project. These projects are also communicated and transitioned to the Shared Services financial reporting department and the hospitals’ specific budget department.
Mange Joint Ventures: Provide financial and statistical reporting, analytical evaluation and leadership support to Medical Center joint ventures including UniversityCARE and several radiation oncology joint ventures. The information is communicated with the Shared Services financial reporting department and the hospitals’ specific budget department.
Staffing Planning Steering Committees and Task Forces: Key financial representative on internal committees relating to capital investment and five-year financial planning.
Manage the staff of the Financial and Capital Planning department.

What You Need to Be Successful:
Education and Experience:
Baccalaureate Bachelor’s degree in Finance, Accounting, Hospital Administration, Business/Public Administration or Health.
MBA, CPA or Master’s degree in Finance preferred.
Minimum of fFive years progressively responsible, financial planning, financial analysis, budgeting or accounting experience, or the educational equivalent. Healthcare related finance background preferred.

We are an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.