Job Description
Position Details Department: CORP | Finance Admin
Location: Phoenix
Shift: Mon-Fri, Days, 8am-5pm
Category: Executives
Posting #: 1061242
Employee Type: Full-Time
Position Summary Reporting to the Executive Vice President & CFO, the VP, Finance is responsible for strategic and operational oversight of all finance, accounting, and reporting activities. As the number two executive to the Executive Vice President & CFO, the VP, Finance, is involved in preparing and/or presenting financial presentations to the Finance Committee and the Audit Committee of the Board of Directors, presentations and meetings with rating agencies and bond holders, and works closely with the Phoenix Children's Executive leadership team. The VP, Finance ensures that Phoenix Children's has the systems and procedures in place to effectively support program implementation and conduct flawless audits. The VP, Finance leads the day to day operations of the Phoenix Children's Accounting Services, Financial Planning & Analysis, PCMG, PCP, and all subsidiary finance functions. The VP, Finance is responsible for a team of over 40 staff members with functional responsibility over accounting, accounts payable, payroll, cash management, treasury, investments and debt management, grants and research, regulatory reporting, audit, financial administration, operating budgets and financial forecasts, capital planning, long term forecasting, cost reporting and service line planning. The VP, Finance is responsible for the strategic development, implementation, and maintenance of the accounting & finance systems which ensure effective internal controls that protect the organizations assets and provide accurate and timely financial information. Additional responsibilities include establishing and executing a vision for the delivery of financial analysis and operational forecasts to key stakeholders to enable crucial insight into business operations to enable timely and informed decision making which results in improved overall financial performance. The VP, Finance oversees the development of all system business forecasts and proformas, as well as the review of financial and operational performance to benchmark data with executive, senior and hospital leadership to achieve a higher level of performance.
Position Duties - Accounts, Ledgers and Reporting Systems Oversight
Oversees all accounts, ledgers, and reporting systems ensuring compliance with GAAP and other regulatory requirements and maintains internal control over recognition of revenue, receipts of cash, costs, program budgets, and actual expenditures. Ensures timely and accurate monthly balance sheet reconciliation.
- Coordinates all External Audit Activity and Year-End Outside Independent Audit
Coordinates year-end outside independent audit of the financial statements and the timely provision of all information requested by the auditors. Responsible for advising senior leadership on accounting issues and the potential impact of GASB and AICPA pronouncements on PCs financial performance. Leads and interfaces in all other external audit activity.
- Financial Data Analysis
Consistently analyzes financial data and presents financial reports in an accurate and timely manner; identifies, explains, and corrects variances as appropriate. Clearly communicates monthly, quarterly, and annual financial statements; monitors progress and changes and keeps executive and senior leadership abreast of Phoenix Children's financial status.
- Budgeting and Forecasting
Oversees annual operating budget and capital planning processes. Oversees development of monthly financial forecast and annual development of five year financial and capital planning processes. Reviews all financial plans and compares to actual results to identify, explain, and correct variances as appropriate.
- Financial Analytic Support
Provides financial analytical support to strategic planning efforts, including pro forma analyses, joint venture development, and program and service expansion activities. Provides physician acquisition and performance management reporting support to the medical group. Provides financial coordination and support for all merger and acquisition activities.
- Debt Financing Coordination
Supports the Executive Vice President & CFO in engaging the Phoenix Children's Board's Audit and Finance Committees around issues and trends in financial operating models and delivery. Directs and coordinates debt financing and debt service payments with external agencies. Develops and enhances structures and relationships related to financing, bond activities, debt structures, and overall finance planning and execution to best meet the current and future needs of Phoenix Children`s.
- Foundation, Research and Grant Accounting Oversight
Oversees Foundation, research, and grant accounting; ensures that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period. Collates financial reporting materials for government, corporate and foundation grants. Ensures compliance with governmental requirements.
- Oversight of Outsourced Chief Investment Officer and Financial Advisor Relationships
Responsible for managing the OCIO and financial advisor relationships with key oversight of investment holdings. Manages and tracks performance of invested assets in keeping with policies and investment guidelines approved by the Board. Manages all banking relationships, bank accounts, cash balances and ensures timely completion of bank reconciliations for all accounts.
- Strategic Leadership and Compliance
Actively monitors the changing healthcare landscape to anticipate future resource needs of internal and external stakeholders and collaborate with executive leadership to address those needs. Mentors individuals and groups toward desired outcomes with minimal supervision, sets high performance standards, and delivers high quality services. Leverages strengths of finance team members, helps to clarify roles and responsibilities and develops and implements training programs to maximize and reach optimal individual and organizational goals. Provides leadership in strengthening internal communications with staff at all levels of the organization; creates and promotes a positive and supportive work culture.
Assures hospital compliance with federal, state, and local government laws and regulations, accrediting agency standards and hospital policies and procedures rules and regulations. Develop, document, and implement departmental accounting policies, procedures, and standards.
- Performs miscellaneous job related duties as requested.
Phoenix Children's Mission, Vision, & Values Mission To advance hope, healing and the best healthcare for children and their families
Vision Phoenix Children's will be the leading pediatric health system in the Southwest, nationally recognized for exceptional care, innovative research and advanced medical education.
We realize this vision by:
- Offering the most comprehensive care across ages, communities and specialties
- Investing in innovative research, including emerging treatments, tools and technologies
- Advancing education and training to shape the next generation of clinical leaders
- Advocating for the health and well-being of children and families
Values - We place children and families at the center of all we do
- We deliver exceptional care, every day and in every way
- We collaborate with colleagues, partners and communities to amplify our impact
- We set the standards of pediatric healthcare today, and innovate for the future
- We are accountable for making the highest quality care accessible and affordable
Job Tags
Full time, Local area, Shift work