5-7 years of experience in capital planning and budget management
Proven track record in financial analysis and strategic investment
Strong understanding of healthcare financial operations and capital markets
Experience with capital planning software systems, preferably Strata
Excellent communication skills for stakeholder engagement and reporting
Ability to analyze complex financial information and identify risks
Knowledge of relevant regulatory compliance and reporting requirements.
Responsibilities
Lead the development and tracking of the capital budget for strategic initiatives
Partner with leadership to create financial plans for major capital projects
Monitor capital project performance and report to leadership
Identify and mitigate budgetary and project timing risks
Coordinate the annual capital budgeting process across departmental lines
Manage the capital planning system and improve reporting efficiency
Support debt strategy with financial analysis and compliance oversight.
Benefits
Full-time employment with stable work hours
Opportunities for professional growth and development
Work in a top-ranked hospital for orthopedics and rheumatology
Inspirational workplace culture focused on innovation and inclusivity
Access to comprehensive healthcare benefits as part of employment.
Full Job Description
Emp Status Regular Full time
Work Shift Day (United States of America)
Compensation Range The base pay scale for this position is $86,000.00 - $131,375.00. In addition, this position will be eligible for additional benefits consistent with the role. The salary of the finalist selected for this role will be determined based on various factors, including but not limited to: scope of role, level of experience, education, accomplishments, internal equity, budget, and subject to Fair Market Value evaluation. The hiring range listed is a good faith determination of potential compensation at the time of this job advertisement and may be modified in the future.
What you will be doing
Job Description Key Responsibilities Capital Planning and Strategic Investment
Lead capital budget development and tracking across strategic growth initiatives and operational capital investments.
Partner with executive leadership and project stakeholders to develop financial plans and budgets for major strategic capital projects, ensuring alignment with organizational priorities and financial capacity.
Track capital project performance, including budget utilization, spending trends, and project timelines, and provide regular reporting to leadership.
Identify potential budget overruns, scope changes, or project timing risks, and collaborate with stakeholders to mitigate financial and operational risks.
Coordinate the annual capital budgeting and planning process, engaging departments across the organization and aligning project prioritization with strategic and financial goals.
Track committed and uncommitted capital expenditures to ensure transparency and accountability in capital deployment.
Manage and enhance the capital planning system (Strata), leveraging system capabilities and automation to improve reporting, data accuracy, and process efficiency.
Prepare capital planning reports, dashboards, and presentations for senior leadership and Board meetings.
Debt Strategy and Capital Markets Support
Support the organization's debt strategy and capital structure planning, providing financial analysis related to outstanding debt and future financing needs.
Assist in monitoring debt covenant compliance and related reporting requirements, ensuring adherence to financing agreements and regulatory obligations.
Contribute to the development of annual rating agency review materials, including financial analysis, capital investment updates, and strategic narrative support.
Support debt issuance and financing activities, including financial modeling, research, preparation of supporting materials, and coordination with internal stakeholders and external advisors.
Prepare and maintain EMMA compliance reporting, MTI reporting, and other required financial disclosures.
Governance, Analysis, and Process Improvement
Support the Senior Director in facilitating Capital Steering Committee and Sub-Committee meetings, including agenda planning, materials preparation, and action tracking.
Provide subject matter expertise on capital planning best practices, healthcare industry trends, and financial governance frameworks.
Continuously refine departmental processes, reporting frameworks, and policies to support evolving organizational priorities.
Collaborate with the VP of Budget and Financial Planning on operating budget initiatives and broader financial planning efforts.
About Hospital for Special Surgery
Hospital for Special Surgery (HSS) is a hospital in New York City that specializes in orthopedic surgery and the treatment of rheumatologic conditions. Founded in 1863 by James Knight, HSS is the oldest orthopedic hospital in the United States. The hospital has been ranked the top orthopedic hospital in the United States by U.S. News & World Report for 11 consecutive years. HSS has a staff of over 4000 employees, including more than 200 physicians and surgeons, and treats over 32,000 inpatients and 300,000 outpatients annually.
