Manager Financial Planning & Analysis

Description

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Summary:

The Manager of Financial Planning & Analysis (FP&A) is a key leader within the Corporate Finance Department, providing strategic financial leadership and decision support to executive and operational leadership across the healthcare organization. Reporting to the Director of Corporate Finance, this position oversees financial planning, budgeting, forecasting, management reporting, and service line financial analysis to support the organization's strategic and operational objectives. The Manager leads and develops a team of finance and service line analysts and serves as a trusted business partner to clinical and administrative leaders. Responsibilities include directing the annual operating and capital budget processes, coordinating financial forecasts, supporting long-range business planning, and ensuring the timely preparation of executive financial reports, dashboards, and service line performance analyses. This role oversees monthly variance analysis and financial reporting in support of the month-end close process, identifies key performance drivers, and communicates actionable financial insights to senior leadership. The Manager develops financial models, business cases, ROI analyses, and pro forma evaluations to support strategic initiatives, capital investments, service line growth, and other organizational priorities. Success in this role requires strong knowledge of healthcare finance, budgeting, financial reporting, and business planning, along with exceptional analytical, leadership, and communication skills. The position exercises a high degree of independent judgment, initiative, accuracy, and collaboration to drive financial performance and support informed decision-making throughout the organization.

Responsibilities:
1. Manages service line analytics across the Hospital and presents financial analysis to executive leadership. Identifies trends and opportunities for gaining competitive advantage in the marketplace. Supervises the service line and finance analysts and directs daily workflow. Completes the annual review process for supervised analysts.
2. Oversees the preparation of the annual operating and capital budget, in coordination with the Director. Specific area of focus will be forecasting revenues and expenses and facilitating the evaluation/inclusion of proposed business plans in the operating and capital budgets. Leads and manages the departmental budget trainings and serves as the point of contact to managers and directors during budget preparation.
3. Conducts complex analysis on large data sets and develops regular and ad-hoc reports and for hospital leadership to assist in the decision-making process; manages the design and creation of complex, dynamic financial models to facilitate decision-making by senior leadership; and researches, collects, manipulates and analyzes data; draws inferences, summarizes and presents key findings to Director and Senior Management for assigned topics.
4. Forecasts revenues and expenses and researches ways to enhance hospital revenues and control costs. Manages the implementation of financial improvements and tracks achievement of objectives. Creates and evaluates cash flow models using NPV analysis for business planning for potential new service lines and business units. Maintains the organization's financial forecast models and administers the financial reporting system.
5. Under the direction of the Director, Corporate Finance, serves as the primary financial planner and analyst for the Rex President and Chief Executive Officer and Chief Financial Officer to ensure consistency and accuracy in financial reporting and presentations. Reviews organization?s financial reports, identifying trends and opportunities for performance improvement. Compares key financial indicators to those of competitors.
6. Manages cross-functional service line teams to produce business plans for new business initiatives and operational improvements for review by Management. Includes conducting financial feasibility studies, preparing project plans, analyzing potential operations, and identifying steps for implementation. Manages service line analysts and works closely with department managers to generate ideas and prepare assessments of business opportunities for new services or technologies.
7. Manages the compilation of market and operational analyses in coordination with department Leadership, to support the budget and strategic planning process. Includes collecting, organizing, and interpreting large quantities of complex data.Serves as a liaison between the department and clinical service line teams, representing the resources of the Department and providing specialist knowledge in assigned area of expertise. Develops and maintains positive working relationships with internal and external clients.
8. Designs and creates analytical models to ensure achievement of objectives and exercises independent judgment in model design and development; Designs models to demonstrate impact of regulatory changes and proposes strategic alternatives to departmental leadership; Tracks and models population and volume growth trends and health care utilization. Projects demand for services using complex spreadsheet analysis and regression models. Incorporates data from online market information system, State hospital databases, and other sources as appropriate. Researches developments in health care technologies to determine impact on service utilization, future hospital volumes and profitability. Assesses competitor service development and performance. Identifies and directs the compilation of operating and financial data on key competitors and provides trend analyses and ad-hoc reports of statistics.
9. Monitors development of annual State Medical Facilities Plan, Licensure and Facilities rules and other regulations affecting health care planning. Drafts narrative and analytical arguments for certificate of need applications and other requests to regulatory agencies.
10. Evaluates internal and external data on physician activity, identifying trends and opportunities for improvements in volume and revenue. Creates and updates trend reports of physician practice for operational and physician relations staff. Develops, implements and reports on surveys of physician satisfaction, consumer trends, and internal surveys as necessary. Prepares evaluation of vendor proposals and makes recommendations to department Leadership.
11. Manages new business plan development to include assessment of new business plan development and performance. Compares operating and financial data on business plans in implementation and reports on their performance against projections.

Other information:
Education Requirements:
* Bachelor's degree required. Master's degree or equivalent, MBA or MHA preferred.
Licensure/Certification Requirements:
* No licensure or certification required.
Professional Experience Requirements:
* Six to eight years of experience in a related healthcare role. Minimum of four years of direct financial analysis experience through a combination of education and professional experience.
* If an Associate's degree: 10 years of experience.
* If a High School diploma or GED: 14 years of experience.
Knowledge/Skills/and Abilities Requirements:
* Language Skills: Ability to read, analyze, and interpret financial reports, medical device publications, and legal contracts. Ability to respond to inquiries or complaints from senior management, regulatory agencies, or members of the business community. Ability to write reports and executive summaries in a concise, professional manner. Ability to effectively present information to top management, public groups, and/or boards of directors. Technical Skills: Advanced Excel, PowerPoint and Access skills required. Ability to create dynamic models and complex analysis on large data sets. Experience with reporting tools such as Business Objects and financial and operational reporting systems preferred. Mathematical Skills: Ability to apply mathematical concepts such as exponents, frequency distribution, analysis of variance, correlation techniques, and basic statistics. Finance Skills: Advanced understanding of cash flow modeling, NPV analysis, financial statement relationships, and capital planning and evaluation. Ability to forecast future operational volumes and revenues and expenses. Reasoning Ability: Ability to define problems, collect data, establish facts, and draw well thought out conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Legal Employer: NCHEALTH

Entity: UNC REX Healthcare

Organization Unit: Rex Finance

Work Type: Full Time

Standard Hours Per Week: 40.00

Salary Range:$47.90 - $68.86 per hour (Hiring Range)

Pay offers are determined by experience and internal equity

Work Assignment Type: Onsite

Work Schedule: Day Job

Location of Job: US:NC:Raleigh

Exempt From Overtime: Exempt: Yes

This position is employed by NC Health (Rex Healthcare, Inc., d/b/a NC Health), a private, fully-owned subsidiary of UNC Heath Care System. This is not a State employed position.

Qualified applicants will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, disability, status as a protected veteran or political affiliation.

UNC Health makes reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as applicants and employees with disabilities. All interested applicants are invited to apply for career opportunities. Please email applicant.accommodations@unchealth.unc.edu if you need a reasonable accommodation to search and/or to apply for a career opportunity.