Senior Director, Financial Planning and Analysis

Company: George Washington Medical Faculty Associates
Location: Washington
Posted on: May 28, 2023

Job Description:

Position SummaryThe Senior Director of Financial Planning and Analysis (FP&A) provides direction to a team of finance professionals and upper management throughout the organization on the overall planning, monitoring, evaluation, and reporting of the organization's financial performance. Develops and manages financial analysis procedures, as well as identifies and prioritizes recommended actions. Leads financial analysis, modeling, forecasting, and reporting efforts to ensure efficient financial operations. Leads the preparations and maintenance of metric-driven financial models used to forecast and evaluate organizational financial performance. Builds and leads a dynamic team of financial analysts responsible for financial forecasting, models, trend analyses, special informational reports, special projects, and requests, and oversees the building and maintenance of a library of financial data that is relied upon and updated in order for senior leadership to use as they contemplate financial strategies of the organization.Essential Responsibilities:Creates budgets and/or forecasts in accordance with business strategic initiatives by analyzing and interpreting trends; reviewing results of budget and forecasting; coordinating with others to develop department/regional budgets; and making recommendations.Works in partnership with accounting to ensure that revenue and expense are recorded appropriately and accurately while following established guidelines and methodologies to operationalize allocation methodologies required to develop departmental and divisional statements required for financial management.Oversees, guides, and mentors FP&A staff to support physician and administrative leaders in their designated areas, to support variance analysis, ad-hoc modeling, proformas, and fact-based decision-making.Evaluates complex business environment by conducting financial assessments (e.g., Situational, Strengths/Weaknesses/Opportunities/Threats, Opportunity-Based Strategic Planning, system value chain analysis); and interpreting reports summarizing business, financial, or economic data.Supports MFA leadership as requested by analyzing and interpreting information to support programmatic planning, performance management, and general financial management.Improves financial performance by analyzing financial trends; and in partnership with the business leaders, uses results of analysis and understanding of operations to identify actions that address operational performance issues.Assists with strategic financial planning by preparing recommendations for financial plans, and operating forecasts; and developing and interpreting financial concepts for financial planning and control.QualificationsEducationA Bachelor's degree in Finance, Business, or a related field is required.ExperienceA minimum of 5 years of directly-related financial planning and analysis experience in a healthcare setting is necessary.

Keywords: George Washington Medical Faculty Associates, Washington DC , Senior Director, Financial Planning and Analysis, Accounting, Auditing , Washington, DC