Mayo Clinic

Senior Manager, Financial Planning and Analysis

Mayo Clinic • $110K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, healthcare, or Finance with 10 years of relevant experience.
  • At least five years of leadership experience managing teams and projects, or two years of international experience.
  • Demonstrated analytical experience and proficiency with financial technologies and business planning.
  • Strong interpersonal and communication skills to build relationships with healthcare leaders.
  • Advanced cost accounting expertise, preferably in a high-volume laboratory testing context.

Responsibilities

  • Provide leadership and direction to FP&A staff, ensuring financial information integrity.
  • Identify opportunities to enhance financial margins while minimizing risks.
  • Contribute to strategic financial planning with FP&A leadership.
  • Establish and track key performance indicators for effective team management.
  • Facilitate process improvements and act as a catalyst for innovative ideas.
  • Manage recruitment, development, and performance for staff within the department.
  • Travel as required for assignments and stakeholder engagement.

Benefits

  • Opportunity to work in a highly respected institution like Mayo Clinic.
  • Engagement in meaningful and impactful projects in healthcare finance.
  • Collaborative environment fostering teamwork among finance professionals and clinicians.
  • Career development opportunities and potential for future advancement.
  • Flexibility in work arrangements, including the possibility of remote management.
Full Job Description
Job Description

The Senior Manager provides direction to professional and supervisory staff in Financial Planning and Analysis (FP&A). Assures the integrity of financial information for Mayo Clinic to be appropriately positioned to be competitive in the business side of Healthcare. Proactively identifies opportunities and recommends options for increasing financial margins, while preserving Mayo standards and minimizing the financial and legal risks to Mayo. Participates in providing input in strategic planning with the FP&A Leadership team. Translates the Mayo Clinic and departmental vision into meaningful and effective responses and results. Establishes key performance indicators with scope of responsibility to effectively manage staff and outcomes. Delegates responsibility and authority to carry out work. Manages multiple functions and serves as a resource with oversight in day-to-day activities. May manage on-site and remote staff operations. Must be able to operate scope of responsibility through complexity and ambiguity. May possess technical knowledge appropriate to functions being managed with additional knowledge in other functions including professional management. Directs staff in preparation of and reviews and interprets results of variable-sensitive business models and/or compliance or fiscal management tools. Participates in the identification of opportunities to improve processes and to act as a catalyst for realizing these improvements. Acts as a facilitator and generator of new ideas and a mediator on difficult issues. Responsible for recruitment, development, and performance management within areas of responsibility, translating the departmental vision into meaningful and effective results. Brings awareness of current external environment issues. Participates in the overall management of the FP&A by chairing and serving on Enterprise projects/groups, and committees. Serves as a liaison between sections and other departments and agencies inside and outside Mayo. Creates customer service driven sections and fosters collaboration with physician and administrative colleagues. Builds teamwork within the Department of Finance. Participates in retention planning initiatives. Travel required as assignments warrant.

During the selection process you may participate in an OnDemand (pre-recorded) interview that you can complete at your convenience. During the OnDemand interview, a question will appear on your screen, and you will have time to consider each question before responding. You will have the opportunity to re-record your answer to each question - Mayo Clinic will only see the final recording. The complete interview will be reviewed by a Mayo Clinic staff member and you will be notified of next steps.

Qualifications

Bachelor's degree in business, healthcare, Finance and 10 years of specified experience which includes at least five years of general leadership experience, to include management of people, projects and programs OR two years of international experience required.

This position requires demonstrated analytical experience and strong personal computer, communication, project management, leadership, problem solving, continuous improvement, customer service, team building skills and ability to develop strong relationships with physician and administrative leaders. Strong knowledge of financial and information technology, and business planning is required. Must have a history of developing constructive and cooperative working relationships with others. Masters preferred. Must demonstrate skills and characteristics that are advanced to a level that would be deemed developmental toward a future position. Strong interpersonal skills- able to meet and exchange with executive leadership through Mayo and other industry. Must be able to relate to, gain support of, and drive consensus with clinicians and administrators for the purposes of operational efficiency. Must be capable of independent work, with little to no guidance provided exercising good judgment, creating an environment in which people communicate with each other respectfully, solving problems, and growing personally and professionally. Must be an advocate of change management, effectively communicating and implementing change and managing it proactively. Must be an individual of high integrity, comfortable working in a team environment, possessing vision, solving problems through effective planning and management. Promotes teamwork and seeks to maximize the potential of all employees. Will serve as a facilitator of change and as a mentor and role model. Excellent communication and customer service skills are essential. Able to effectively communicate strategies and initiatives to internal management groups and business partners. Must be an individual of high energy with a positive attitude and track record of getting results. Experience in making and implementing decisions in a complex, consensus-oriented environment required. Experience with or sensitivity to the uniqueness of the patient care environment is mandatory.

Requires advanced cost accounting expertise, preferably gained within a high-volume laboratory testing environment. Experience analyzing cost of goods sold, test-level profitability, automation impacts, labor productivity, capacity utilization, and operational cost drivers is strongly preferred.

Authorization to work and remain in the United States, without necessity for Mayo Clinic sponsorships now, or in the future (for example, be a U.S. Citizen, national, or permanent resident, refugee, or asylee). Mayo Clinic does not participate in the F-1 STEM OPT extension program.

About Mayo Clinic

Mayo Clinic is a nonprofit academic medical center based in Rochester, Minnesota, focused on integrated clinical practice, education, and research. It employs more than 4,500 physicians and scientists and 58,400 administrative and allied health staff. The practice specializes in treating difficult cases through tertiary care and destination medicine. It is home to the Mayo Clinic College of Medicine and Science, which includes a medical school and research programs. Mayo Clinic has a large presence in three U.S. metropolitan areas: Rochester, Minnesota; Jacksonville, Florida; and Phoenix, Arizona. It also has several affiliated hospitals and clinics elsewhere in the United States and around the world.
Learn more about Mayo Clinic
Size
74,000 employees
Industry
Founded
1919

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