Financial Reporting Manager

Stanford Blood Center; Stanford (CA); On-site; USD 85,000 - 110,000; Full time

Job summary

A prestigious medical organization is seeking a Financial Reporting Manager to lead key financial processes and drive continuous improvement. The role involves managing financial reports, conducting analysis on trends and variances, and providing insights for senior leadership. Candidates should have a Bachelor’s degree with at least 8 years of relevant experience and advanced proficiency in financial systems. Competitive compensation and growth opportunities are offered.

Benefits

Comprehensive benefits

Professional development opportunities

Qualifications

• 8 years of relevant experience or combination of education and relevant experience.
• Understanding of fund accounting and operations of a medical school is a plus.

Responsibilities

• Lead quarterly reporting process and financial analysis of trends.
• Build ad-hoc analysis and reports to understand revenue and expenditure streams.
• Conduct complex financial analyses, budgeting, and forecasting.

Skills

Advanced analytical skills

Expert proficiency in Microsoft Office

Advanced project management skills

Education

Bachelor’s degree

Tools

Oracle/OBI

CPB (Hyperion Planning)

Job description

Our Purpose
Stanford Medicine is leading the biomedical revolution in precision health. We are transforming health care away from after-the-fact diagnosis to prediction and prevention and away from one-size-fits-all medicine to personalized care that empowers people to lead healthy lives. We are leveraging the art and science of medicine to predict and prevent disease before it strikes and cure it decisively if it does.

To achieve our Precision Health vision, we are integrating, building, and leveraging our strengths in fundamental research, the new field of biomedical data science, and nine transformative biomedical platforms. As a learning health system, we will apply these advances in our hospitals and health care delivery systems within Stanford Health Care and Stanford Children’s Health.

Our Values
Fulfilling our promise to humanity requires the engagement of a diverse, creative, and collaborative team of professionals who work together to advance our research, education, and patient care mission. We strive to create a culture of inclusion and belonging to ensure all employees have the meaningful employment experience that is necessary to do their best work.

Do you want to contribute your financial skills to support the mission of one of the best medical schools in the world? The Stanford University School of Medicine, will give you the opportunity to grow your skills, lead key financial processes and engage in continuous improvement.

Our Work
We are seeking a Financial Reporting Manager to join our team. The ideal candidate will have an interest in financial analysis, in leveraging financial systems, and conceptualizing new reports and presentations to explain trends and results. Responsibilities will include, but are not limited to the following:

Duties include:

• Lead quarterly reporting process, including report generation and financial analysis of trends and variances vs. projections and prior periods.
• Serve as key liaison between Global Business Services and Faculty Staff Housing for Section 117 reporting and housing loan portfolio management, respectively.
• Build ad-hoc analysis and reports to understand various revenue and expenditure streams trends based on clinical activities, expendable surpluses, research expenditures, etc. as well as consideration of income, reserve reporting, and reserves analysis based on days cash on hand.
• Partner with University Controller’s team for required analyses on financial trends and results
• Perform highly analytical, complex finance and control functions; multi-dimensional and complex reconciliations and related analysis; prepare or review and approve complex transactions and higher level dollar value transactions.
• Research, and synthesize data for broad areas; develop complex financial analyses, budget and forecasting scenarios, long-range planning, and analyses. Perform root-cause analysis and synthesis, draw conclusions, and propose solutions.
• Develop complex financial reports and presentations, design and run ad hoc reports, and prepare or review complex transactions to support the stewardship of university resources. Provide consultation to senior leadership to interpret results.
• Prioritize, identify, and resolve strategic and unit/department issues; recognize exceptions, recommend and develop resolutions and implement solution. Ensure effective and efficient delivery and integration of all financial services for area of responsibility.
• Design an effective system of internal controls for area of responsibility utilizing strategic analysis of interrelationships of financial processes, policies, and procedures; implement and ensure compliance programs.
• Lead multiple complex, high-visibility process innovation projects.Develop, champion and implement strategic initiatives with significant impact. Empower action, remove obstacles, enable constructive feedback and support from leaders, and reward and recognize progress and achievements.
• Develop, assess, and continuously improve systems and processes to achieve greater efficiencies and improve internal controls. Design and provide training on new financial systems.
• Analyze problems in business critical systems, and identify risks, solutions, and strategies; act as business owner of project.
• Represent organization to client group(s) and leaders: serve as subject matter expert on matters that involve complex technical, financial, or subject matter expertise.
• Assess client and business needs, and formulate recommendations to determine approach to managing and completing processes.
• May supervise, train, coach, and review the work of other staff, as needed. Contribute primarily through applying individual expertise.

* - Other duties may also be assigned

DESIRED QUALIFICATIONS:

• Knowledge of Oracle/OBI, CPB (Hyperion Planning), or other business financial systems.
• Advanced analytical skills to review and analyze complex financial information.
• Understanding of fund accounting and the operations of a medical school are a plus.

EDUCATION & EXPERIENCE (REQUIRED):

Bachelor’s degree and eight years of relevant experience or combination of education and relevant experience.

KNOWLEDGE, SKILLS AND ABILITIES (REQUIRED):

• Expert proficiency in business applications, such as Microsoft Office suite, especially Excel.
• Advanced knowledge of Enterprise Resource Planning and financial systems; internet and computer literacy.
• Knowledge of GAAP.
• Advanced professional communication skills, including ability to prepare materials for and clearly and effectively communicate information to internal and external audiences, client groups, and all levels of management.
• Advanced project management skills and ability to lead large multi-functional teams.

PHYSICAL REQUIREMENTS*:

• Constantly sitting.
• Frequently perform desk-based computer tasks, use telephone, writing by hand, sort/file paperwork.
• Occasionally stand/walk, lift/carry objects weighing 11-20 pounds.
• Rarely reach/work above shoulder.

*- Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

WORKING CONDITIONS:

Routine extended working hours during peak cycles; travel to school/unit sites across university.

WORK STANDARDS:

• Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
• Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors bases on training and lessons learned.
• Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University’s Administrative Guide.

Stanford University provides pay ranges representing its good faith estimate of what the university reasonably expects to pay for a position. The pay offered to a selected candidate will be determined based on factors such as (but not limited to) the scope and responsibilities of the position, the qualifications of the selected candidate, departmental budget availability, internal equity, geographic location and external market pay for comparable jobs.

At Stanford University, base pay represents only one aspect of the comprehensive rewards package. The Cardinal at Work website provides detailed information on Stanford’s extensive range of benefits and rewards offered to employees. Specifics about the rewards package for this position may be discussed during the hiring process.

Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.