Financial Planning Director

Banner Health   •  

Phoenix, AZ

Industry: Healthcare


8 - 10 years

Posted 63 days ago

This job is no longer available.

Your Journey with us began the moment you made the choice to seek a career with Banner Health. Whether you are just beginning your career or your Journey has spanned 30 years, Banner's employer commitment is: "We'll help make a difference in your life and career so you can make a difference in the lives of others.”

On this team, you will get to be part of transforming and strengthening the finance function for Banner as a group as we install state of the art industry leading software.

The Financial Planning Director will be responsible for providing budget guidance across all Banner Health Facilities. The will evaluate budget history for Banner Hospitals and Physician groups and work with stake holders to determine budgets going forward.

Your pay and benefits are important components of your Journey at Banner Health. This opportunity is also eligible for our Management Incentive Program, as part of your Total Rewards package. Banner Health offers a variety of benefit plans to help you and your family. We provide health and financial security options so you can focus on being the best at what you do and enjoying your life.


About Banner Health Corporate
Within Banner Health Corporate, you will have the opportunity to apply your unique experience and expertise in support of a nationally-recognized healthcare leader. We offer stimulating and rewarding careers in a wide array of disciplines. Whether your background is in Human Resources, Finance, Information Technology, Legal, Managed Care Programs or Public Relations, you'll find many options for contributing to our award-winning patient care.

About Banner Health
Banner Health is one of the largest, nonprofit health care systems in the country and the leading nonprofit provider of hospital services in all the communities we serve. Throughout our network of hospitals, primary care health centers, research centers, labs, physician practices and more, our skilled and compassionate professionals use the latest technology to make health care easier, so life can be better. The many locations, career opportunities, and benefits offered at Banner Health help to make the Banner Journey unique and fulfilling for every employee.


Job Summary

This position will be responsible for overseeing the financial planning and forecasting process for Banner system (comprised of hospitals, medical group and ancillary services such as urgent care centers). Key essential responsibilities include:- Develop Long Range Strategic Financial Plan/Scenarios (LRSFP) at thesystem level based on financial ratio goals, input from strategy and global assumptions (rates, IP/OP volume, inflation, productivity etc);- Lead in implementing Kaufman Hall financial planning/budgeting modules and related work process integration by working with key stakeholders across Banner system;- Develop annual budgets centrally based on LRSFP and facility historical trends (IP/OP volume, rates, inflation, FTE etc.) for all divisions and facilities- Establish governance process for division/facility input on annual budget assumptions and subsequent SLT reviews and approval- Prepare variance analysis and reporting of monthly results for divisions and facilities (e.g. Stewardship reporting);- Prepare flex budgets for divisions and facilities - Prepare quarterly rolling forecast at the system level- Manage team of 10-15 finance/accounting analysts to support deliverables

Essential Functions

  • Manages managers, supervisors and/or professional staff. Hires, develops and motivates employees to achieve objectives.

  • Achieves operational, financial or service objectives using breadth of knowledge of healthcare operations and management expertise. May manage budget for large and/or complex projects or programs. Participates and may lead task forces to plan, implement, and coordinate facility activities to maximize service quality, effectiveness and efficiency.

  • Accountable for the performance and results of a function or facility or process. Develops departmental plans and policies to achieve organizational priorities; 6 to 18 months future outlook. Makes decisions guided by functional business plans that impact the support and funding of services, processes, technologies, etc.

  • Conducts in-depth analysis and/or evaluation of information to determine the cause and appropriate solution. Foresees and resolves complex customer issues or problems. Manages resources to resolve conflicting objectives and priorities within own area and to ensure financial, service and operational commitments are met.

Minimum Qualifications

Bachelors degree or equivalent working knowledge in the field of finance or accounting.

Financial Planning, Analysis and reporting experience gained from progressive finance and business roles (7-10 years).Expertise in Budgeting, Forecasting and variance analyses.Knowledge of finance and accounting concepts such as P&L.Demonstrated cross-functional collaboration and leadership abilities.

Preferred Qualifications

MBA preferred. Healthcare experience preferred.

Additional related education and/or experience preferred.

Job Number 236586