POSITION SUMMARY

The Vice President of Financial Planning and Budgeting is responsible for overseeing the annual budgeting and capital planning processes, providing financial insights and strategic recommendations to senior leadership. This role involves financial analysis, budget preparation, and long-term financial planning to support ProMedica’s operational and strategic goals.

ACCOUNTABILITIES

Prepares analyses and ideas to assist in the operational and strategic imperatives of ProMedica. Provides support for annual budgeting process; provides financial recommendations on significant investment opportunities. Interfaces directly with senior executives across the organization to determine financial analysis assistance to support advancing the current year budget and plans for future year(s). Leads the budgeting process for the system; provides draft budget process and draft budget calendar to CFO for review and approval, including detailed milestones by key business units and guidance on key budgetary assumptions. Responsible for capital planning processes, including but not limited to the Capital Committee draft agendas for CFO review and approval, financial review of capital projects, meeting with capital request submitters to support process and ensure compliance with requirements for review, i.e., ROI analysis, cash flow projections, working capital impact. Moderates Capital Committee meetings, including maintaining MS Teams Capital Committee site, ensuring approved projects are documented, tracked, and reported out to Capital Committee, and serving as a resource to Capital Committee. Supervises Strata software use for capital planning, interface, and training of leaders. Uses Strata to routinely track and report out capital spend versus forecast projects. Conducts and tracks look-back analyses on capital projects expected to yield return on investment, including details of success and process improvements. Owns Shared Services budget, interacting with and supporting shared services leadership through budget process and monthly variance reporting. Leads long-range (five-year plus) financial planning scenario analyses with income statement, balance sheet and treasury details through the budget process and as needed; prepares analysis for CFO use with Finance Committee and Board of Trustees. Analyzes monthly P&L results and identifies the value creation factors/drivers which are helping or hindering the financial results. Leads preparation of budget presentation documents and presents draft documents to CFO for incremental process review and approval. Prepares analyses for CFO use with Finance Committee and Board of Trustees. Owns the financial integrity of financial dashboards; builds and maintains a total company forecast model. Provides transaction related support to the Corporate Development areas of the organization, including Mergers & Acquisitions, Construction and Strategic Planning. Obtains and analyzes competitor information and reports on trends impacting the health care industry. Interfaces with leaders of Accounting, Treasury, business line Finance, Managed Care and Revenue Cycle to ensure that changes and trends are incorporated into financial modeling and analyses.

The above list of accountabilities is intended to describe the general nature and level of work performed in this role. It should not be considered exhaustive.