Opportunity

MedStar Health, a premier $10B integrated hospital and health care delivery system serving Maryland and the Washington DC region, is seeking a highly qualified professional as its next corporate Financial Planning and Analysis leader.

This individual provides systemwide leadership and expertise over long-range financial planning, annual budget, and monthly analytics for all entities within an integrated shared services finance model, stepping into an expanded role following an 18-month finance transformation that has created three new corporate finance centers of excellence: revenue analytics, data analytics and an enlarged central FP&A team in addition to existing centers of excellence in accounting, reimbursement and treasury.

Key priorities include (1) collaborating with operating entity CFOs to translate financial insights into strategically aligned business decisions, performance actions and financial outcomes; (2) people development to grow leaders from re-distributed roles assembled post transformation; and (3) continued optimization of center of excellence strategy including development of tools and methodologies that create efficiencies for the finance organization and participation in future road-mapping for emerging ERP modernization efforts.

This position offers high visibility with the opportunity to garner finance experience across several corporate functions as well as provide direct inputs supporting preparation for the Board’s finance committee. It is a critical part of MedStar Health’s succession planning program. Joining a high-performance corporate finance team, the successful candidate will demonstrate hands-on multi-entity healthcare provider experience and strong executive presence to partner credibly with hospital CFOs.

Position Summary

• Directs the development of the $10 billion annual long range financial plan and annual operating and capital budget for MedStar Health including establishing timelines and communication tools, development of major assumptions, development of baseline financial plans for local review, and ensuring consistency in analytics and planning methodologies
• Responsible for the preparation, collaboration and review of various materials for Board of Director and Board committees throughout the year on topics including budgeting, forecasting and financial performance compared to budget. Prepares and reviews detailed support for board materials. Advises Executive Management concerning the financial and budgetary affairs of the organization and assists Executive Management in the resolution of financial matters.
• Supports the budget variance analysis process at month-end including delivering baseline analytics to local hospital finance teams and collaboration to analyze and interpret performance trends. Oversees the development and execution of recurring periodic management reporting and analysis.
• Responsible for preparation of process and training documentation and for the routine training of key stakeholders to ensure knowledge transfer of MedStar finance processes and policies.
• Responsible for administration of the finance review and approval in alignment with the system contract administration process.
• Serves as system owner of budget and forecasting technology tools and reporting and is responsible for overseeing and collaborating with stakeholders to optimize the use of the system and evaluate emerging technologies with an eye toward continuous improvement.
• Assists and coordinates with other members of system-wide and local finance teams to ensure alignment on financial objectives and initiatives.
• Develops and contributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards and safety standards. Ensures compliance with hospital/facility policies and procedures and governmental/accreditation regulations.
• Participates in multidisciplinary quality and service improvement teams as appropriate. Participates in meetings, serves on committees and represents the department and hospital/facility in community outreach efforts as appropriate.
• Manages direct reports, including training, orienting, and assignment of department staff. Develops standards of performance, evaluates performance, and conducts performance management and development planning. Initiates or makes recommendations for personnel actions. Maintains ongoing communication with subordinates to review programs, provide feedback, discuss new developments, and exchange information.

Position Requirements

• BS in Accounting or Finance is required.
• CPA or MBA is preferred.
• Seven years’ leadership experience is required.
• Hands-on experience with multi-entity healthcare provider financial planning and analytics is required.
• Strong analysis skills.
• Excellent communication skills.
• Advanced computer skills (PowerPoint and Excel).
• A “can do” attitude.
• Other relevant experience includes financial reporting, financial feasibility studies, capital management, data and analytics and technology system ownership.

Compensation

An attractive compensation and benefits package including a hiring range of $239,600 to $324,200 (note: commensurate with experience) with an annual incentive award will be offered.

In addition to your salary, MedStar Health offers a comprehensive healthcare package (including medical, dental and vision subject to eligibility requirements) and other benefits. The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by MedStar Health. MedStar Health is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

The hiring range is the range MedStar Health, in good faith, believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on work experience, education and/or skill level, etc. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in MedStar Health's sole discretion unless and until paid and may be modified at MedStar Health's sole discretion, consistent with the law.