Director, Clinical FP&A

Baltimore, MD, United States

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SOM Central Finance is seeking a Director, Clinical FP&A leader to join their team and lead crucial financial strategies and operations. In this role, the Director, Clinical FP&A will coordinate assignments, create budgets, conduct strategic analysis, and foster collaboration between the FP&A team and clinical departments within Johns Hopkins Medicine (JHM) and Johns Hopkins University (JHU). Responsibilities include assigning portfolios to analysts, facilitating communication channels, and consolidating financial data. The Director will craft robust financial plans, forecast trends, and design financial models. The Director will also be responsible for overseeing budget approvals, providing detailed variance reporting, and participating in decision-making teams. The Director will manage a team of Sr. Financial Analysts and serve as a liaison between finance directors and clinical departments.

Specific Duties & Responsibilities

Assignment & Coordination

Assign a portfolio of departments to each analyst to cultivate relationships between FP&A and departments.

Allocate functional responsibilities to analysts as needed to produce required school analyses, long-range plans, and hypothetical scenarios.

Facilitate regular meetings between analysts and clinical departments (21) to foster two-way communication, promote advocacy for departments within JHM and JHU, facilitate knowledge transfer, and foster a shared understanding of financial activities.

Consolidate financial information from various verticals within SOM Central Finance (e.g., faculty practice, financial operations, research finance, and analytics) to provide a comprehensive view of clinical departmental activity across all funds.

Creation/Preparation/Development

Prepare a consolidated clinical departmental budget integrated into the SOM's budget for all funds.

Develop forecasts and financial projections relevant to clinical departments.

Direct the collection, analysis, summarization, and preparation of new clinical financial plans, budgets, cash flow projections, pipeline analyses, and operating forecasts.

Design complex financial models and reports for forecasting, trending, and results analysis.

In partnership with departments and other teams as necessary, develop and implement corrective action plans for budget variances.

Collaborate with the training associate to develop training programs supporting financial management in clinical departments.

Partner with the Fund Accountant in financial operations to optimize funding sources for clinical departments and enhance financial monitoring.

Analysis/Interpretation

Offer financial consultation and guidance for significant, critical, complex projects, business operations, and initiatives.

Analyze and interpret financial trends within clinical departments, providing leadership with essential information for decision-making.

Conduct analysis of monthly variances to budget.

Evaluate updated monthly accruals and projections to ensure forecasting accuracy and project completion.

Approval/Verification

Approve all budgets for clinical departments.

Provide monthly variance reporting for clinical departments, including a consolidated view of performance.

Participate in decision-making teams and committees for approval of clinical and academic program expansions or consolidations.

Supervision & Training

Directly manage a team of five Sr Financial Analysts.

Act as a liaison between Directors of Finance for clinical departments and provide guidance and feedback about job performance.

Oversee personnel management activities, including recruitment, hiring, performance evaluations, and terminations.

Establish and evaluate responsibilities as outlined in employee job descriptions.

Act as a substitute for the Executive Director for FP&A when necessary.

Ensure proficiency among team members in relevant tools for job execution, such as Excel, Business Objects, EPSi, and Tableau.

Serve as a role model and mentor, guiding employees on expected levels of performance and behaviors associated with stakeholder customer service.

Engage with SOM Department Directors and Administrators, training/policy associates, and leaders within FP&A and other Central Finance verticals.

Collaborate with JHM Budget and JHU Budget teams, JHHS financial colleagues, CPA colleagues, research administration colleagues, and JHU Internal Audit to support organizational goals.

Physical Requirements

Sitting: Extended periods of sitting are common while working at a desk or workstation.

Employees should be able to sit for prolonged periods with proper posture to maintain comfort and prevent fatigue.

Typing and Using Computer Devices: Proficiency in typing and utilizing computer devices such as keyboards, mice, and touchscreens is essential. This requires manual dexterity and the ability to operate office equipment effectively.

Occasional Movement, while office work primarily involves sedentary tasks, occasional movement within the office space may be necessary. This could include walking to different areas of the office, attending meetings, or retrieving documents from filing cabinets or printers.

Occasional Lifting and Carrying. There may be occasions when lifting or carrying lightweight objects weighing 10lbs. or less is necessary, such as moving office supplies or equipment.

Occasional Pushing and Pulling. Some tasks may require pushing or pulling objects, such as rolling chairs or moving lightweight furniture or equipment weighing 30lbs. or less.

Ergonomic Awareness. Awareness of ergonomic principles and practices is important to minimize the risk of musculoskeletal discomfort or injury. This includes adjusting workstation setups, using ergonomic furniture, and practicing proper lifting techniques when necessary.

$1.8B

SOM Central Finance is seeking a Director, Clinical FP&A leader to join their team and lead crucial financial strategies and operations. In this role, the Director, Clinical FP&A will coordinate assignments, create budgets, conduct strategic analysis, and foster collaboration between the FP&A team and clinical departments within Johns Hopkins Medicine (JHM) and Johns Hopkins University (JHU). Responsibilities include assigning portfolios to analysts, facilitating communication channels, and consolidating financial data. The Director will craft robust financial plans, forecast trends, and design financial models. The Director will also be responsible for overseeing budget approvals, providing detailed variance reporting, and participating in decision-making teams. The Director will manage a team of Sr. Financial Analysts and serve as a liaison between finance directors and clinical departments.

Specific Duties & Responsibilities

Assignment & Coordination

Assign a portfolio of departments to each analyst to cultivate relationships between FP&A and departments.

Allocate functional responsibilities to analysts as needed to produce required school analyses, long-range plans, and hypothetical scenarios.

Facilitate regular meetings between analysts and clinical departments (21) to foster two-way communication, promote advocacy for departments within JHM and JHU, facilitate knowledge transfer, and foster a shared understanding of financial activities.

Consolidate financial information from various verticals within SOM Central Finance (e.g., faculty practice, financial operations, research finance, and analytics) to provide a comprehensive view of clinical departmental activity across all funds.

Creation/Preparation/Development

Prepare a consolidated clinical departmental budget integrated into the SOM's budget for all funds.

Develop forecasts and financial projections relevant to clinical departments.

Direct the collection, analysis, summarization, and preparation of new clinical financial plans, budgets, cash flow projections, pipeline analyses, and operating forecasts.

Design complex financial models and reports for forecasting, trending, and results analysis.

In partnership with departments and other teams as necessary, develop and implement corrective action plans for budget variances.

Collaborate with the training associate to develop training programs supporting financial management in clinical departments.

Partner with the Fund Accountant in financial operations to optimize funding sources for clinical departments and enhance financial monitoring.

Analysis/Interpretation

Offer financial consultation and guidance for significant, critical, complex projects, business operations, and initiatives.

Analyze and interpret financial trends within clinical departments, providing leadership with essential information for decision-making.

Conduct analysis of monthly variances to budget.

Evaluate updated monthly accruals and projections to ensure forecasting accuracy and project completion.

Approval/Verification

Approve all budgets for clinical departments.

Provide monthly variance reporting for clinical departments, including a consolidated view of performance.

Participate in decision-making teams and committees for approval of clinical and academic program expansions or consolidations.

Supervision & Training

Directly manage a team of five Sr Financial Analysts.

Act as a liaison between Directors of Finance for clinical departments and provide guidance and feedback about job performance.

Oversee personnel management activities, including recruitment, hiring, performance evaluations, and terminations.

Establish and evaluate responsibilities as outlined in employee job descriptions.

Act as a substitute for the Executive Director for FP&A when necessary.

Ensure proficiency among team members in relevant tools for job execution, such as Excel, Business Objects, EPSi, and Tableau.

Serve as a role model and mentor, guiding employees on expected levels of performance and behaviors associated with stakeholder customer service.

Collaboration

Engage with SOM Department Directors and Administrators, training/policy associates, and leaders within FP&A and other Central Finance verticals.

Collaborate with JHM Budget and JHU Budget teams, JHHS financial colleagues, CPA colleagues, research administration colleagues, and JHU Internal Audit to support organizational goals.

Physical Requirements

Sitting: Extended periods of sitting are common while working at a desk or workstation.

Employees should be able to sit for prolonged periods with proper posture to maintain comfort and prevent fatigue.

Typing and Using Computer Devices: Proficiency in typing and utilizing computer devices such as keyboards, mice, and touchscreens is essential. This requires manual dexterity and the ability to operate office equipment effectively.

Occasional Movement, while office work primarily involves sedentary tasks, occasional movement within the office space may be necessary. This could include walking to different areas of the office, attending meetings, or retrieving documents from filing cabinets or printers.

Occasional Lifting and Carrying. There may be occasions when lifting or carrying lightweight objects weighing 10lbs. or less is necessary, such as moving office supplies or equipment.

Occasional Pushing and Pulling. Some tasks may require pushing or pulling objects, such as rolling chairs or moving lightweight furniture or equipment weighing 30lbs. or less.

Ergonomic Awareness. Awareness of ergonomic principles and practices is important to minimize the risk of musculoskeletal discomfort or injury. This includes adjusting workstation setups, using ergonomic furniture, and practicing proper lifting techniques when necessary.

Budget authority

$1.8B

Additional Knowledge, Skills & Abilities Skills in communication, organization, and analysis within complex settings.

Proficient reading and writing abilities for documents, reports, emails, and correspondence tasks.

Effective phone communication skills for engaging in calls or video conferences, requiring good listening and verbal communication.

Strategic thinking and planning capabilities, with a collaborative leadership style to build strong working relationships across various stakeholders.

Excellent management skills, including facilitation, team building, and coordination.

Minimum Qualifications

Bachelor's Degree in Finance, Accounting, Business, or a related field.

Ten years of progressively responsible experience in financial and business operations, preferably in a large and complex organization.

Advanced financial expertise encompassing accounting, budget planning, and financial forecasting.

Demonstrated strategic leadership, change management, and process improvement abilities.

Strong supervision experience with a track record of developing high-performance teams in a dynamic environment.

Proficiency in data analysis for budgeting, operations, auditing, accounts receivable, and reserve analysis.

Preferred Qualifications

Master's Degree, with at least 5+ years academic medical center financial planning and analysis.

Classified Title: Director Finance

Job Posting Title (Working Title): Director, Clinical FP&A

Role/Level/Range: L/05/LG

Starting Salary Range: $110,700 - $194,000 Annually ($191,300 targeted; Commensurate with experience)

Employee group: Full Time

Schedule: Mon-Fri, 8.30am - 5.00pm

Exempt Status: Exempt

Location: Hybrid/School of Medicine Campus

Department name: SOM Admin Finance FP&A

Personnel area: School of Medicine

Total Rewards

The referenced base salary range represents the low and high end of Johns Hopkins University’s salary range for this position. Not all candidates will be eligible for the upper end of the salary range. Exact salary will ultimately depend on multiple factors, which may include the successful candidate's geographic location, skills, work experience, market conditions, education/training and other qualifications. Johns Hopkins offers a total rewards package that supports our employees' health, life, career and retirement. More information can be found here: https://hr.jhu.edu/benefits-worklife/ .

Education and Experience Equivalency

Please refer to the job description above to see which forms of equivalency are permitted for this position. If permitted, equivalencies will follow these guidelines: JHU Equivalency Formula: 30 undergraduate degree credits (semester hours) or 18 graduate degree credits may substitute for one year of experience. Additional related experience may substitute for required education on the same basis. For jobs where equivalency is permitted, up to two years of non-related college course work may be applied towards the total minimum education/experience required for the respective job.

Applicants Completing Studies

Applicants who do not meet the posted requirements but are completing their final academic semester/quarter will be considered eligible for employment and may be asked to provide additional information confirming their academic completion date.

Background Checks

The successful candidate(s) for this position will be subject to a pre-employment background check. Johns Hopkins is committed to hiring individuals with a justice-involved background, consistent with applicable policies and current practice. A prior criminal history does not automatically preclude candidates from employment at Johns Hopkins University. In accordance with applicable law, the university will review, on an individual basis, the date of a candidate's conviction, the nature of the conviction and how the conviction relates to an essential job-related qualification or function.

Diversity and Inclusion

The Johns Hopkins University values diversity, equity and inclusion and advances these through our key strategic framework, the JHU Roadmap on Diversity and Inclusion .

Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Accommodation Information

If you are interested in applying for employment with The Johns Hopkins University and require special assistance or accommodation during any part of the pre-employment process, please contact the Talent Acquisition Office at [email protected] . For TTY users, call via Maryland Relay or dial 711. For more information about workplace accommodations or accessibility at Johns Hopkins University, please visit https://accessibility.jhu.edu/ .

Vaccine Requirements

Johns Hopkins University strongly encourages, but no longer requires, at least one dose of the COVID-19 vaccine. The COVID-19 vaccine does not apply to positions located in the State of Florida. We still require all faculty, staff, and students to receive the seasonal flu vaccine . Exceptions to the COVID and flu vaccine requirements may be provided to individuals for religious beliefs or medical reasons. Requests for an exception must be submitted to the JHU vaccination registry.  This change does not apply to the School of Medicine (SOM). SOM hires must be fully vaccinated with an FDA COVID-19 vaccination and provide proof of vaccination status. For additional information, applicants for SOM positions should visit https://www.hopkinsmedicine.org/coronavirus/covid-19-vaccine/  and all other JHU applicants should visit https://covidinfo.jhu.edu/health-safety/covid-vaccination-information/ .

The following additional provisions may apply, depending upon campus. Your recruiter will advise accordingly.

The pre-employment physical for positions in clinical areas, laboratories, working with research subjects, or involving community contact requires documentation of immune status against Rubella (German measles), Rubeola (Measles), Mumps, Varicella (chickenpox), Hepatitis B and documentation of having received the Tdap (Tetanus, diphtheria, pertussis) vaccination. This may include documentation of having two (2) MMR vaccines; two (2) Varicella vaccines; or antibody status to these diseases from laboratory testing. Blood tests for immunities to these diseases are ordinarily included in the pre-employment physical exam except for those employees who provide results of blood tests or immunization documentation from their own health care providers. Any vaccinations required for these diseases will be given at no cost in our Occupational Health office.

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