Job Description:
Reporting to the Executive Vice President, Corporate Services and Chief Financial Officer, the Director, Financial Planning & Analysis is responsible for leading a team in the monitoring, analyzing, planning and forecasting of the financial performance of the health centre; with a focus on the issues of budgeting, analysis and funding for Royal Victoria Regional Health Centre (RVH). The Director will act as a leader in regards to financial risk, financial/performance management and planning.
Education:
- Bachelor’s degree required
- Professional accounting (CPA) designation required
- Master’s degree, or equivalent experience and training in Finance, Accounting, Leadership or a related field preferred
Experience:
- Demonstrated management experience in complex and dynamic health care environments in the public in finance with expert understanding of one or more health care sectors
- Demonstrated experience performing financial analyses and critical evaluations of complex financial programs
- Demonstrated experience with operational or strategic decision-making related to program funding
- Experience leading the budgeting process, including the development of operational budgets
- Experience performing monthly program analysis
- Experience overseeing funding initiatives and understanding of related MOH/OH funding methodologies
- Experience overseeing capital assets financial planning and monitoring of working capital
- Experience and understanding of MOH/Ontario Health regulations and reporting requirements (including MIS guidelines)
- Experience with hospital financial information systems and advanced proficiency with Microsoft applications and Meditech
Competencies:
- Strong analytical skills including the ability to comprehend complex issues and related data/information and present information in concise and meaningful ways
- Superior financial budgeting/forecasting, cost accounting knowledge & variance analysis skills
- Effective Financial Risk Identification
- Knowledge of performance measurement, monitoring, and indicator development
- Strong customer service, relationship building, negotiation and problem solving skills coupled with superior written and presentation skills
- Excellent change management and project management skills as well as strong organizational skills including the ability to prioritize workload and to meet deadlines
- Creates accountability while fostering collaboration and engagement
- Strong negotiation and stakeholder alignment skills
- Supports organizational shifts such as: New funding models and Growth or restructuring
Other:
- Demonstrated application of ethical business and finance practices
- Knowledge of the changing health centre industry with a demonstrated ability to present innovative solutions to financial issues
- Committed to lifelong learning
Responsibilities:
- Provide guidance to the Senior Leadership Team and senior management on the operational and strategic financial direction of the health centre
- Lead the budgeting process, including the development of operational budgets
- Working closely with peer Directors, perform monthly program analysis
- Oversee funding initiatives specifically but not limited to, Post Construction Operating Plan (PCOP), Priority program and Quality Based Procedures (QBP)
- Analyze current and new funding opportunities and, working closely with the Executive Vice President, Corporate Services and Chief Financial Officer, to maximize RVH funding with our funders
- Facilitates the interpretation of financial and clinical information to assist in effective decision making
- Responsible for the preparation and analysis of management reports for performance monitoring, analysis and planning
- Overall responsibility for the collection, analysis, and dissemination of financial and statistical information as required by the MOH/OH in accordance with MIS guidelines
- Responsible for expert knowledge of all aspects of MOH/OH funding and its related implications to the strategic direction of the health centre.
- Responsible for preparing planning or forecasting models based on funding formulae and growth expectations
Other Duties:
- Performs other duties as assigned by the Executive Vice President, Corporate Services and Chief Financial Officer
- Provide Board orientation relating to budgeting, analysis and funding matters at RVH
- Considered a resource with a strong knowledge of GAAP (specifically Public Sector Accounting Board principles), MOH/OHRS reporting requirements
- Advise and assist leaders on interpretation & administration of budgeting, analysis and funding policies & procedures
- Oversee on-going guidance to leaders on new policies/legislation/funding matters, financial results/forecasting & risks associated with areas of judgement
- Work on accreditation requirements to ensure finance items have a “green light” (i.e. evidence of appropriate resource allocation methodolgies, approvals of budgets, etc.)
- Responsible for building and leading a team and mentoring staff in developing their skills
- Exhibits the core values of RVH: Work Together, Respect All, Think Big, Own It, Care
