Manager Financial Planning & Analysis
Company: UNC Health Care
Location: Chapel Hill
Posted on: August 6, 2022
Description Become part of an inclusive organization with over
40,000 diverse employees, whose mission is to improve the health
and well-being of the unique communities we serve.Summary:
The Manager of Financial Planning and Analysis is the lead manager
and planner for financial analysts within the Operational Finance
department. This position represents the department at key internal
and external meetings and routinely interacts with all levels of
senior management. The manager is responsible for direct
supervision of finance analysts and facilitating departmental goals
as directed by VP Finance Triangle West. This position oversees the
annual operations and capital budget, service line reporting and
analysis, monthly variance analysis in support of the month end
close process, and creates and distributes high level financial
analysis and financial models to assist senior management with
operations and finance decisions. Work involves a high level of
independent judgment, decision-making, accuracy, creativity and
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 VP Finance Triangle West.
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 VP Finance Triangle West 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 organizational financial forecast
models and administers the financial reporting system. 5.Under the
direction of the VP Finance Triangle West, serves as the primary
financial planner and analyst for the 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
This job profile is intended to provide a representation of
responsibilities required. Employees may be requested to perform
job-related tasks other than those specifically presented in this
profile. 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 Other information:
Bachelor's degree required. Master's degree or equivalent, MBA or
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
Job Details Legal Employer: STATEEntity: UNC Medical Center
Organization Unit: UNCH Operational Finance Team Work Type: Full
Standard Hours Per Week: 40.00Work Schedule: Day JobLocation of
Job: US:NC:Chapel HillExempt From Overtime: Exempt: Yes
Keywords: UNC Health Care, Chapel Hill , Manager Financial Planning & Analysis, Accounting, Auditing , Chapel Hill, North Carolina
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