Job description
JOB SUMMARY
This paragraph summarizes the general nature, level and purpose of the job.
The Executive Director of Financial Planning & Analysis (FP&A) provides enterprise-wide financial leadership for Stanford Medicine Children's Health. Reporting directly to the Vice President of Finance, the Executive Director will have full ownership of the operating budget process, including design, execution, and reporting to senior leadership. This role will oversee and implement annual updates to the long-range financial plan, partnering closely with strategy, service lines, and operational leaders throughout the organization. In addition, the Executive Director will oversee labor productivity reporting and analysis, external benchmarking, and new financial reporting to allow for deeper insights into the enterprise financial performance and operational efficiency. This position will be a key advisor to senior leadership and will be responsible for preparing financial updates that are presented to the Board of Directors.
ESSENTIAL FUNCTIONS
The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned.
Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patient rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings.
Must perform all duties and responsibilities in accordance with the hospital's policies and procedures, including its Service Standards and its Code of Conduct.
Operating Budget Leadership: Own the operating budget process from end-to-end, including the design of the budget framework, coordination of department submissions, and preparation of executive-level reports and analysis for senior leadership.
Operational and Financial Transformation: Serve as the finance lead for the three-year $230M savings initiative, ensuring rigorous financial tracking and benefit validation.
Long-Range Financial Plan: Update and maintain the long-range financial plan, including the integration of the Operational and Financial Transformation program results and strategic growth investments.
Financial Analytics and Reporting: Oversee labor productivity reporting and analysis, external benchmarking submissions, and other reporting to drive operational efficiency and margin improvement.
Board and Executive Reporting: Prepare financial updates and key performance insights for the Board of Directors, ensuring clear and actionable information for enterprise decision-making.
MINIMUM QUALIFICATIONS
Any combination of education and experience that would likely provide the required knowledge, skills and abilities as well as possession of any required licenses or certifications is qualifying.
Education: Bachelor's degree in Finance, Accounting, Economics or related field/discipline from an accredited college or university. Master’s degree or MBA is strongly preferred.
Experience: Ten (10) years of progressive experience in financial planning and analysis, healthcare finance, or a related discipline including five (5) years of senior leadership experience.
License/Certification: None required. CPA, CFA, or FHFMA preferred.
KNOWLEDGE
These are the observable and measurable attributes and skills required to perform successfully the essential functions of the job and are generally demonstrated through qualifying experience, education or licensure/certification.
Executive presence with the ability to influence and partner with senior leaders.
Broad expertise in healthcare finance.
Ability to lead highly complex operating strategies with financial planning objectives.
Strong communications and relationship building skills to influence executives, clinical and operational leaders.
Ability to translate complex financial information into concise recommendations.
PHYSICAL REQUIREMENTS
The Physical Requirements and Working Conditions in which the job is typically performed are available from the Occupational Health Department. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job.
Pay Range
Compensation is based on the level and requirements of the role.
Salary within our ranges may also be determined by your education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data.
Range (Annually): $230,000 - $300,000
Pay Range
Compensation is based on the level and requirements of the role.
Salary within our ranges may also be determined by your education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data.
Typically, new team members join at the minimum to mid salary range.
Minimum to Midpoint Range (Hourly): $103.95 to $135.13
Stanford Medicine Children's Health (SMCH) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment. Accordingly, SMCH does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements, and where applicable, in compliance with the San Francisco Fair Chance Ordinance.
At Lucile Packard Children’s Hospital Stanford, we know world-renowned care begins with world-class caring. That's why we combine advanced technologies and breakthrough discoveries with family-centered care. It's why we provide our caregivers with continuing education and state-of-the-art facilities, like the newly remodeled Lucile Packard Children's Hospital Stanford. And it's why we need caring, committed people on our team - like you. Join us on our mission to heal humanity, one child and family at a time.
Job ID: P141722-2411
Originally posted on Himalayas
Who can apply
Eligible countries: United States. Accepted UTC offsets: UTC-10, UTC-9, UTC-8, UTC-7, UTC-6, UTC-5, UTC+14. Review the full description for employer-specific work authorization, residency and schedule requirements.