Vice President Financial Planning and Performance

Summary

The Vice President (VP) Financial Planning & Performance is responsible for driving performance through financial planning, budgeting, forecasting, decision support, analysis, and strategic thought partnership. This position ensures sound planning and execution of Akron Children’s operating and capital strategies. The VP ensures the analysis and data supports critical decision making and ensures measurement of outcomes in support of key organizational initiatives and planning efforts.

In collaboration with others, the VP will support strategic business planning, service line planning, physician compensation, and population health initiatives across the organization. The leader is a strategic thought partner and trusted advisor to the executive leadership team.

• Develop high-performing teams and internal talent, increasing the financial acumen across the organization.
• Lead all aspects of financial planning, including budgeting and forecasting, capital planning, and financial data.
• Partner with operations and corporate services to develop short and long-term financial and operational plans required to strengthen the financial performance of the organization.
• Interpret major cost trends and financial performance. Prepare and/or deliver executive-level presentations regarding performance.
• Build strong, collaborative partnerships between Finance, Strategic Planning, Operations, and other groups across the organization to facilitate the effective development of key deliverables, such as capital budgets, forecasts, business plans, etc.
• Develop and implement strategies to use data to plan, measure, improve, and promote organizational performance.
• Lead financial stewardship program and monthly operational reviews across the organization.
• Develop, maintain, and leverage the organizational decision support (costing and productivity) system to improve performance.
• Provide advice and recommendations on the implications and opportunities to strategically enhance financial performance and business opportunities.
• Conduct comprehensive financial analysis, evaluate performance against targets, and provide actionable insights to senior management. Monitor key performance indicators, prepare financial reports, and present findings to support strategic decision making.
• Apply strong problem solving, creativity, and the ability to exercise sound judgment and make decisions based on accurate and timely analysis.

Minimum

Required:

Bachelor’s degree in business and/or healthcare administration or related field.

Preferred/Optional: Master’s degree.

Minimum

Required:

Ten years progressive management and leadership experience in the development of and/or support of operating & capital budgets, forecasting, costing, and related financial management.

Preferred Experience: Experience with alternative revenue models for healthcare providers including capitation and risk-based revenue and gain sharing models. Regional or corporate finance experience in a hospital and medical group.

Certifications (Preferred): FHFMA, FACHE credential, and/or CPA.