Director, Financial Planning and Analysis

Hourly Pay Range:

Position Highlights:

• Position: Director, Financial Planning & Analysis
• Location: 3040 Salt Creek Lane, Arlington Heights, IL
• Full Time
• Hours: Monday-Friday, 8am - 5:00pm
• Hybrid Role: onsite 3x per week
• Required Travel: some travel to other corporate sites, local hospitals may be necessary.

Job Summary:

Directs the development, maintenance, and reporting of operating and capital budgets. Determines budget and reporting needs and delivers the strategy to meet those needs. Develops and maintains process for department/division monthly operating reviews for supported areas.Participates in the financial closing process by researching and communicating variances to budget. Evaluates and recommends the acquisition of tools required to support these processes and systems.Collaborates with senior leadership and other operational leaders to identify operational and financial issues and partners to develop actions to improve management controls, profitability, and processes. Reviews or prepares all relevant financial information and financial analysis to determine and report on financial status, financial trends, cash flow, and the like.Reviews or prepares financial proforma analysis to determine the financial feasibility of projects and makes recommendations on the viability of the project.Ensures the efficient flow of information to support financial decisions, reporting, and business planning efforts. Implements cross-functional and multi-disciplinary initiatives to improve results based upon opportunities identified during review of productivity information and monthly operating reviews by using process management tools and methodologies that drive efficiency.

This role will lead efforts for financial activities with assigned departments including various clinical units and corporate divisions.

What you will do:

• Ensures optimal effectiveness of budget and financial reporting systems. Oversees the effective and timely distribution of accurate budget and financial information to operational leadership.
• Engages with senior leadership regularly to address division and program wide budgets, financial reporting, and monthly operating reviews.
• Leads the operating and capital budget process for the supported divisions including analysis, reporting, and recommending strategies to achieve goals. Collaborates with operational leaders to address financial and utilization opportunities and implements strategies to achieve organizational goals.
• Coordinates with decision support to ensure the overall data integrity of reports, analysis and summaries generated by budget and financial reporting systems. Develops procedures and audits to ensure data integrity is maintained.
• Leads and coordinates monthly operating reviews with operational leaders. Monitors and analyzes key performance measures and benchmarks results against goals.
• Ensures variances are researched, analyzed and any necessary adjustments are made to ensure goals are achieved.
• Identifies and prioritizes opportunities for improvement and educates operational leaders on financial reporting with the goals of improving financial acumen, accomplishing improvements, and building capacity of others.
• Assists in monthly, quarterly, and year-end financial closing process in partnership with the Controller and Vice President Finance. Researches and provides variance explanations to Vice President Finance and operational leadership.
• Coordinates with decision support to drive enhancements to cost accounting and revenue estimation processes to improve profitability reporting out of the decision support system.
• Responsible for developing processes to meet operational goals for supported divisions and identifies corrective actions and making changes to ensure goals are achieved.
• In coordination with the Vice President Finance and Leader, Labor Management identifies labor and other financial improvement opportunities, reviews opportunities with appropriate subject matter experts and ensures results are tracked toward established goals.
• Responsible for the training and professional development of staff. Ensures cross-training opportunities are built into department strategy to establish depth of knowledge and flexibility in staff utilization.
• Acts as a key resource to operational leadership, other hospital personnel, management team, and external parties by answering general questions and assisting in the resolution of problems. Investigates, researches, and resolves complex, confidential, and technical issues and problems.
• Interviews, hires, orients, trains, evaluates the performances of and, when necessary, disciplines and/or discharges department personnel. Provides direction, as necessary, to staff regarding sensitive and/or complex work, related problems, resolves complaints and responds to inquiries regarding department operations.
• Takes initiative and ownership of issues, is responsible, organized, efficient, and focused on goals. Consistently follows through on commitments and gets results. Able to think outside of current practices, roles, and conditions to creatively generate new possibilities for solutions, expectations, and efficiencies. Exercises a high level of confidentiality and sound judgment in accessing, using, and sharing sensitive information.
• Ensures team provides quality customer service. Proactively anticipates customer needs and ensures the team is providing clear, concise analytical data that is user friendly and easily understood. Thoroughly understands source of data and can easily explain how and why the information was derived and manipulated.
• Fosters innovative thinking and functions as a change agent to facilitate greater efficiencies, higher quality output and improved customer service.
• Conducts special analyses and projects as assigned and prepares reports detailing the findings for Vice President Finance review.

What you will need:

• Education: Bachelor's Degree in Accounting, Finance, Business Administration or a related field.
• Experience: Minimum ten years of previous finance and budget management experience.
• Minimum of eight years in a leadership role.
• Unique or Preferred Skills: Microsoft Office proficiency (i.e. Excel, Word, PowerPoint).

Benefits (For full time or part time positions):

• Eligibility for our Annual Incentive Plan, which offers the potential to earn a certain percentage amount of your base salary based on organizational performance. (For AIP eligible positions)
• Incentive pay for select positions
• Opportunity for annual increases based on performance
• Career Pathways to Promote Professional Growth and Development
• Various Medical, Dental, Pet and Vision options
• Tuition Reimbursement
• Free Parking
• Wellness Program Savings Plan
• Health Savings Account Options
• Retirement Options with Company Match
• Paid Time Off and Holiday Pay
• Community Involvement Opportunities

Endeavor Health is a fully integrated healthcare delivery system committed to providing access to quality, vibrant, community-connected care, serving an area of more than 4.2 million residents across six northeast Illinois counties. Our more than 25,000 team members and more than 6,000 physicians aim to deliver transformative patient experiences and expert care close to home across more than 300 ambulatory locations and eight acute care hospitals - Edward (Naperville), Elmhurst, Evanston, Glenbrook (Glenview), Highland Park, Northwest Community (Arlington Heights) Skokie and Swedish (Chicago) - all recognized as Magnet hospitals for nursing excellence. For more information, visit www.endeavorhealth.org.

When you work for Endeavor Health, you will be part of an organization that encourages its employees to achieve career goals and maximize their professional potential.

Please explore our website (www.endeavorhealth.org) to better understand how Endeavor Health delivers on its mission to "help everyone in our communities be their best".

Endeavor Health is committed to working with and providing reasonable accommodation to individuals with disabilities. Please refer to the main career page for more information.

Diversity, equity and inclusion is at the core of who we are; being there for our patients and each other with compassion, respect and empathy. We believe that our strength resides in our differences and in connecting our best to provide community-connected healthcare for all.

EOE: Race/Color/Sex/Sexual Orientation/ Gender Identity/Religion/National Origin/Disability/Vets, VEVRRA Federal Contractor.