Financial Senior Manager

Mission Statement

Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.

Responsibilities

This position will entail the following activities and functions, and knowledge and / or interest in these primary areas are desired :

• Financial Planning and Analysis and Budgeting Oversight (FP&A) : Oversee the development and monitoring of segment operating budgets, ensuring alignment with organizational goals and objectives. Manage a team of three or more analysts responsible for tasks such as financial forecasting, modeling, variance analysis, and strategic planning. Provide recommendations for corrective actions to optimize financial performance when faced with significant variances to the segment operating budget.
• Segment Financial Strategy Development : Contribute to the development of financial strategies for the segment, aligning with the organization's vision and long-term business objectives. Integrate insights from financial modeling and analysis conducted by the analyst team. This includes collaborating with financial and operational senior managers within the segment to assess feasibility of strategic initiatives, business planning, and long-term financial opportunities.
• Team Leadership and Development : Lead a team of three or more analysts responsible for financial planning, analysis, budgeting, and modeling tasks, providing leadership, coaching, and mentoring to enhance their skills and performance. Manage employee recruitment, training, performance appraisal, and disciplinary actions as necessary.
• Relationship Management : Create shared value for the central finance department, and other clinical segments, through collaboration, knowledge sharing, and process alignment. This can be done by fostering partnerships with other central finance teams, sharing insights generated through segment-specific financial analysis, driving process improvement initiatives, and integrating financial planning activities with other teams. Promote communication, transparency, and teamwork to support efficient value creation.
• Financial Acumen : Must be involved in all aspects of finance : accounting, budgeting, financial analytics, reimbursement, revenue cycle, capital planning, costing, and forecasting.
• Innovation : Design, develop and recommend new approaches, methodologies and tools for data-driven decision-making and planning. Develop, interpret, and implement highly complex financial and accounting concepts, and advanced techniques for financial planning and control. Execute and oversee specialized technical analysis to determine present and future financial performance.

Required Qualifications

Modes of Work

Positions that are eligible for hybrid or mobile / remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and are subject to change at any time, and for any reason, throughout the course of employment. Learn more about the