VP Finance Operations

Children's National Medical Center; Silver Spring (MD); On-site; USD 150,000 - 450,000; Full time

Job summary

Children’s National Medical Center in Silver Spring, MD seeks a Vice President of Financial Operations to direct long-range financial planning, budgeting, and decision support across CNH entities, the Children’s Research Institute, and hospital programs.

The role leads an interdisciplinary team of up to 100 FTEs, reports to the CFO, and collaborates with clinical and academic leaders to ensure compliant, efficient financial management.

Qualifications

• Extensive knowledge of federal rules and regulations for grants and research.
• Strong capabilities in strategic planning, financial analysis, modeling, and accounting.
• Familiarity with US GAAP and auditing processes.

Responsibilities

• Lead long-range financial planning and annual and capital budgeting for CNH entities, CRI, and related programs.
• Direct grants and contracts post-award management and financial reporting in collaboration with Finance and Research Administration.
• Develop and implement policies for budgeting, decision support, and financial planning across the organization.
• Oversee compliance with local, state, and federal requirements and guide internal controls and audits.

Skills

Federal grants knowledge

Strategic planning

Financial analysis

Accounting

Auditing

US GAAP

Analytical skills

Communication skills

Education

Bachelor's degree

Master's degree preferred

Job description

1 Inventa Place Silver Spring, MD 20910

Kids Are Our Everything.

Department

10420 Grants Contracts Finance

Pay Range

$150,000.00 - $450,000.00

The VP of Financial Operations will direct and manage all financial planning activities including long range financial planning, decision support and the development of the annual operating and capital budget process for all CNH entities and all financial activities related to the Children's Research Institute and hospital sponsored programs. The development of the operating and capital budgets will include CNH, HSC, CRI and all applicable subsidiaries. The long-range financial analysis should be developed on an annual basis. Long-range financial analytics may be needed to support the strategic planning process for the organization or its subsidiaries. The VP will be responsible for creating and utilizing financial tools and analytics to measure financial trends to support clinical operations, strategic decisions as well as the growth of the research portfolio. He/ She will provide counsel and advice to the CFO and Executive leadership on fiscal and financial management matters for CNH entities. He/ She will also advise on compliance with federal programs as well as sponsored projects and their management. Critical to success, this person will thrive in a cross-departmental organization, working alongside a dynamic team of executives, clinical and academic leaders, operational and programmatic directors, managers, and staff that value high-quality work and continuous learning. This position will work at both a strategic and operational/tactical level and manage an interdisciplinary team of approximately up to 100 FTE's, including but not limited to an Executive Director, 4 directors and 3 managers as direct reports.

Minimum Education

Bachelor's Degree (Required)

Master's Degree (Preferred)

Minimum Work Experience

10 years 10 - 15 years of progressive operational financial experience including financial planning, budget development for complex healthcare systems, financial decision support and financial planning

Required Skills/Knowledge

• Extensive knowledge of federal rules and regulations that govern the management of federal grants and contracts as well as the conduct of research
• Extensive knowledge in Strategic Planning, Financial Analysis and Modeling, Accounting, Auditing.
• Knowledge of US GAAP
• Strong analytical skills
• Strong communication skills both written and oral

Functional Accountabilities

Vision and Strategy

• Lead the planning of assigned functions to ensure alignment with vision, mission, short-term and long-term goals of the Children's Research institute and Children's National.
• In conjunction with the EVP & Chief Financial Officer and other leaders within finance, monitor the execution, effectiveness of the annual and long-term plans and adjusting as needed.
• Develop a communication strategy and tools to ensure the effective communication of all departmental and organizational programs to internal and external stakeholders.
• See the potential in and understand the use of financial, administrative and research information technology and decision-support tools in process and performance improvement.
• Assist in coordinating the financial elements of the Children's National Hospital Strategic Plan including establishment of new programs/centers/ institutes and new facilities to support clinical and research operations and recruits. Advising on financial matters impacting the operation, development, and growth of Children's National Hospital including the Children's Research Institute.

Operational Leadership & Academic Administration

• Provides leadership for the daily operations of Grants accounting, financial reporting, cash management within CRI, clinical trial financial office, financial management of specialized research centers, research business office, indirect cost development
• In collaboration with Children's CFO, coordinating the post-award management of grants and contracts. Facilitating the interactions between Finance and Research Administration to ensure the effective management of grants and contracts funding. Advising physician-scientists concerning the management of grants and contracts.
• In conjunction with the Chief Academic Officer, developing and implementing policies and procedures for the administration of research
• Provides leadership for the operations of the Office of Sponsored Programs and Compliance including processing, preparation and pre-award administration of grant and contract proposals. Supervising establishment of budgets, technical and fiscal reporting and grant and contract renewal, supplemental and continuation proposals.
• In conjunction with Children's Research Institute Leadership, leads in the development of the research strategic and financial plan. Provides reports to leadership on strategic goals and metrics to assess performance of CRI.

Financial Operations

• Leads the preparation of annual and long-term operating and capital budgets, supports the strategic plans, monthly financial/operational reports for all CNH entities and business units within.
• Partners with Accounting in the preparation of variance reports to assess operational performance to budget for executive leaders. Assists in the development of plans to address variances as needed.
• Leads in the development of financial plans, models and justifications for operational business cases such as new program development, practice acquisitions, recruitment of leaders, and major strategic purchases.
• Continue to enhance business intelligence by identifying, implementing and operationalizing enterprise tools for analysis and reporting financial status.
• Supports CFO in the preparation of reports for Children's National Hospital Board of Trustees and board committees
• In conjunction with the Chief Financial Officer, developing and implementing policies and procedures to support budget management, decision support, financial planning and other aspects of operational financial management.

Audit and Compliance

• Ensure compliance with local state, and federal requirements for all assigned functions.
• Ensure compliance with organizational policies and procedures and internal controls.
• Direct financial audits and provide recommendations for procedural improvements.

The disclosed salary range includes the minimum and maximum rates within which Children's National believes an individual's base pay rate will fall for this position. It is not typical for an individual to be hired at or near the maximum of the pay range. The exact pay rate for this position will be based on a variety of factors in alignment with the Children's National compensation philosophy. These factors are legitimate and non-discriminatory including, but not limited to, the current market conditions; organizational needs; the individual's combination of prior work experience, level of education, knowledge, skills, and other qualifications. Children's National is committed to providing a fair and competitive total rewards package to each of our employees. This base salary range does not include our comprehensive benefits package or any additional compensation for which this position may be eligible.

Childrens National Hospital is an equal opportunity employer that evaluates qualified applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender, identity, or other characteristics protected by law. The "Know Your Rights" poster is available here: and the pay transparency policy is available here:Know Your RightsPay Transparency Nondiscrimination Poster.

Please note that it is the policy of Children's National Hospital to ensure a "drug-free" work environment: a workplace free from the illegal use, possession or distribution of controlled substances (as defined in the Controlled Substances Act), or the misuse of legal substances, by all staff (management, employees and contractors). Though recreational and medical marijuana are now legal in the District of Columbia, Children's National and its affiliates maintain the right, in accordance with our policy, to enforce a drug-free workplace, including prohibiting recreational or prescribed marijuana.