VP Finance

About Children's Minnesota

Children’s Minnesota is one of the largest pediatric health systems in the United States and the only health system in Minnesota to provide care exclusively to children, from before birth through young adulthood. An independent and not-for-profit system since 1924, Children’s Minnesota is one system serving kids throughout the Upper Midwest at two free-standing hospitals, nine primary care clinics, multiple specialty clinics and seven rehabilitation sites.

As The Kids Experts™ in our region, Children’s Minnesota is regularly ranked by U.S. News & World Report as a top children’s hospital. Find us on Facebook @childrensminnesota or on Twitter and Instagram ase visit childrens

MN.org.

Children’s Minnesota is proud to be recognized by Modern Healthcare as one of 2023’s Top Diversity Leaders. The national honor recognizes the top diverse healthcare executives and organizations influencing public policy, care delivery, and promoting diversity, equity and inclusion in their organizations and the industry.

The Financial Planning department partners with managers to create the annual Operating and Capital budgets and assists with variance analysis of actual activity versus budgeted activity. This department also provides to all levels of management program profitability reporting, financial information, and analysis to support organizational and departmental decisions.

This leadership position will lead the strategic and operational elements of finance, including setting strategy while implementing best in class technology, systems and processes to enable the organization to achieve its financial goals. The Vice President of Finance oversees the areas of:
Financial planning and analysis, financial decision support, business plan evaluation, capital evaluation and approvals, enterprise reporting, treasury, and controllership. As a key leader at Children’s Minnesota, this position will be instrumental in setting the future direction of the organization by ensuring that strategies and initiatives are financially viable in light of changing health care economics. Using data and in-depth financial analysis, this position will partner and collaborate with other leaders to solve business issues and drive economic value across Children’s Minnesota.

A key focus will be working across departments on the allocation of organization wide capital (including site planning) and resource management to maximize capacity utilization. Data driven decision making will be supported by developing and tracking cross-functional business metrics. Moreover, this position will set financial policy to assure short-term fiscal discipline and the long-term financial strength for Children’s Minnesota, including improved cash management strategies.

Remote

DHS Background Study Required? No

• CPA preferred

• Undergraduate degree in finance, business or other applicable major.
• Master's degree or equivalent experience preferred.

• 15+ years finance and accounting experience required including:
• 10+ year progressive experience in creating complex financial models and driving, decision support across service line and operational P&Ls.
• 5+ years of leadership and management experience of professional staff required.
• Healthcare finance and accounting experience.
• Minimum experience of P&L responsibility for net revenues of $800M.

• Excellent proficiency with company financial reporting and forecasting.
• Experience in managing internal and external financial reporting.
• Knowledge of and ability to apply US non-profit GAAP principles.
• Experience in treasury methodologies and practices, including cash management and debt financing vehicles along with working capital management strategies.
• Expertise in developing and leading the development of strategic plans and budgets, cash forecasting, labor budgets and variance analysis, capital budgets, financial balance sheet projections, operating budgets.
• Knowledge and ability to apply different financial planning methodologies such as activity-based…