Director of Financial Planning & Analysis- Remote/Hybrid

Description

Job Summary 

The Director of Financial Planning & Analysis (Dir of FP&A) plays a crucial role in optimizing excellence in operational processes through data-driven insights and financial analysis by combining financial acumen with a deep understanding of operational processes with a focus on continuous improvement. The Dir of FP&A is instrumental in helping the company achieve strategic objectives by maximizing efficiency and minimizing costs in partnership with Operations, Finance, IT, and other company leadership. 

Essential Job Functions 

Budgeting and Forecasting: 

• Develops and maintains detailed financial plans and projections for future periods. 

• Creates financial forecasts to predict future revenues, expenses, and capital needs, including revising forecasts based on actual performance and changes in the business environment. 

• Develops and manages the annual budget process, including collecting data, consolidating inputs, and preparing budget reports. 

• Performs scenario analysis to evaluate the impact of various business strategies or market conditions. 

Compliance and Risk Management: 

• Ensures financial practices comply with relevant regulations and standards. 

• Identifies financial risks and provides recommendations to mitigate them. 

Cost Management: 

• Assists in managing and controlling operational costs by providing insights into cost drivers and recommending cost-saving initiatives. 

• Conducts cost-benefit analyses for proposed projects or investments. 

• Collaborates with stakeholders from various departments, including Operations, Finance, Clinical, and IT, to align operational goals with financial objectives. 

Cross-Functional Collaboration: 

• Communicates financial information and insights clearly to non-financial stakeholders. 

• Works closely with various departments (e.g., Finance, Operations, IT) to gather information, understand business needs, and align financial plans with organizational goals. 

Data Management: 

• Ensures accuracy and consistency of financial data used for analysis and reporting. 

• Supports the maintenance and enhancement of financial systems and tools. 

• Analyzes large datasets to extract actionable insights that drive operational improvements. 

• Prepares and presents reports to senior management summarizing findings, recommendations, and progress on key initiatives. 

• Collects and manages financial data from various sources to ensure accuracy and completeness. 

Financial Analysis: 

• Conducts trend analyses to assess long-term performance, profitability, and financial stability. 

• Analyzes financial performance by comparing actual results to budgeted figures and historical trends. 

• Identifies variances and provides explanations. 

• Provides insights and recommendations based on financial data to support strategic planning and business initiatives. 

Financial Modeling: 

• Implements and utilizes business intelligence tools and dashboards to enhance financial reporting and analysis. 

• Uses models to run different scenarios and assess their financial impact. 

Operational Process Improvement Initiatives: 

• Explores opportunities to automate repetitive tasks and streamline financial workflows. 

• Identifies and implements improvements in financial planning and reporting processes to increase efficiency and accuracy. 

• Leads continuous improvement initiatives aimed at enhancing operational efficiency and effectiveness. 

• Works closely with Operations Directors to understand their challenges and develop solutions that drive both operational and financial success. 

Performance Metrics Tracking: 

• Develops and maintains key performance indicators (KPIs) relevant to operational processes. 

• Monitors and report on these metrics regularly to track and report on performance trends. 

Reporting: 

• Generates custom reports and analyses as requested by management or other stakeholders to support decision-making. 

• Conducts special financial analyses to support strategic initiatives and decision-making. 

Leadership and Staffing 

• Supervises staff and provides coaching, training, and performance development, as needed. 

• Established team, departmental and ilumed metrics, KPIs and goals and holds team accountable for results 

Other duties as requested 

Qualifications

Knowledge, Skills and Competencies 

• Strong analytical skills with proficiency in financial modeling, data analysis, and reporting tools (NetSuite, Jira, PowerBI, or similar) 

• Strong analytical and problem-solving skills. 

• Excellent communication skills, with the ability to present complex financial data to non-financial stakeholders. 

• Ability to work collaboratively with cross-functional teams. 

• A detail-oriented mindset focused on accuracy and precision in financial analysis and reporting. 

• Strong power point skills  

• Ability to pull data from multiple sources, analyzing the data and presenting to management it in meaning ways 

Education and Experience 

Bachelor’s degree in Finance, Accounting, Economics, or related field; Master’s degree, preferred. 

5 – 7   years of experience in financial analysis, budgeting, and forecasting.; Healthcare experience preferred 

CPA, CFA, or other relevant professional certification, preferred. 

Physical Requirements 

• Prolonged periods of sitting at a desk and working on a computer. 

Additional Information 

• Must abide by all HIPAA, Confidentiality & Privacy Laws  

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. 

DISCLAIMER: 

Job descriptions are not meant to be all-inclusive and/or the job itself is subject to change. Nothing in this job description restricts ilumed’s right to assign or reassign duties and responsibilities to this job at any time. 

Salary : $140,000 - $180,000