Sys SVP Financial Planning and Analysis

CommonSpirit Health; United States; On-site; USD 350,000 - 450,000; Full time

Job summary

CommonSpirit Health is seeking a System Senior Vice President (SVP) of Financial Planning & Analysis to lead the organization’s FP&A functions. The role will direct budgeting, forecasting, capital planning and financial analytics across Central and Corporate offices, ensuring alignment with strategic initiatives and performance targets.

The SVP will partner with the CFO, COO, CSO and other executives to provide actionable financial insights, drive capital allocation decisions, and support growth

Responsibilities

• Oversee all FP&A activities for CommonSpirit Health and lead the FP&A team.
• Partner with CFO, COO, CSO and other senior leaders to inform strategic financial decisions.
• Develop long-range planning, budgeting, forecasting and financial models to guide capital allocation and operational performance.

Job description

Where You'll Work

Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nation's largest nonprofit Catholic healthcare organizations, CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2,300 clinics, care sites and 137 hospital-based locations, in addition to its home-based services and virtual care offerings. CommonSpirit has more than 157,000 employees, 45,000 nurses and 25,000 physicians and advanced practice providers across 24 states and contributes more than $4.2 billion annually in charity care, community benefits and unreimbursed government programs. Together with our patients, physicians, partners, and communities, we are creating a more just, equitable, and innovative healthcare delivery system.

Job Summary and Responsibilities

The System Senior Vice President (SVP), Financial Planning & Analysis (FP&A) oversees several areas of finance for CommonSpirit Health (CSH). The SVP leads a team responsible for all Financial Planning and activities for CSH. In addition, the SVP will lead teams overseeing all finance-related activities supporting Central and Corporate office functions, Operational Performance, Decision Support, and Value Capture. This leader plays a vital role in guiding the organization's financial decisions, supporting strategic initiatives and decision-making, and ensuring effective resource allocation to drive alignment and achieve CSH's short- and long-term operational and financial strategies and objectives. The SVP will serve as a thought partner to the CFO, COO, and CSO and work closely with other senior leaders across the organization to provide leadership and financial advice informing major strategic financial decisions and ensure organizational effectiveness and success. As the head of FP&A, this position provides the vision, strategic direction, and oversight for short- and long-range financial planning activities, capital allocations and approvals, growth initiatives, and strategic planning, including key initiative development and synergy realization, acquisitions and divestitures, and financial performance analysis, analytics, and management reporting. In addition, this leader is responsible for leading all finance activities related to the Corporate Office and Central Functions, including financial planning, capital allocation, performance and cost management, and analysis to support operational efficiency and growth.

Executive Leadership: Act as a strategic partner to the CFO and executive leadership team, providing financial insights and recommendations to drive business decisions. Collaborate with the CFO, COO, CSO, and other leaders to drive the system-wide strategic financial planning process, providing executive leaders and governance groups with views on financial implications and perspectives on business strategy, operations, and growth. Communicate financial strategies and results to C-suite, senior management, the Board of Directors, and other stakeholders.

Strategic Financial Planning: Develop, optimize, and lead the execution of the company's financial planning processes for capital expenses, operating expenses, and cash, including long-range planning, annual budgeting, and monthly and quarterly forecasting activities. Develop financial models and business case tools to support new business initiatives and investment decisions. Develop new integrated planning frameworks that provide better insights into prioritization, optimization, and utilization of assets and resources across the enterprise. Lead strategic financial planning discussions with the CFO, COO, CSO, and other senior executives and governance bodies on prioritizing and balancing operational performance, cash requirements, and capital spending levels. Provide financial insights and recommendations to support CSH's strategic short- and long-term plans and initiatives, ensuring alignment with expected funding levels, days cash on hand, debt-to-cap, and other key metrics. In collaboration with SVP Operational Finance, develop short- and long-range financial targets for CSH Consolidated and Regions.

Capital Deployment and Governance: Engage with COO, CFO, and CSO on matters related to system-wide capital capacity and recommend optimal allocations and investments. Further develop standards and processes for capital planning, prioritization, allocation, and deployment across the enterprise, including end-to-end business case creation, prioritization frameworks, and value-realization tracking. Create and maintain necessary updates to the CommonSpirit Capital Policy and Procedures.

Financial Analysis and Performance Monitoring: In collaboration with other finance functions, develop and optimize frameworks and systems for financial analysis, management reporting, and performance monitoring, including preparation of detailed financial