Director, Financial Planning & Analysis

Job Summary & Requirements

Reporting to the Executive Vice President, Corporate Services and Chief Financial Officer, the Director, Financial Planning & Analysis is responsible for leading a team in the monitoring, analyzing, planning and forecasting of the financial performance of the health centre; with a focus on the issues of budgeting, analysis and funding for Royal Victoria Regional Health Centre (RVH). The Director will act as a leader in regards to financial risk, financial/performance management and planning.

• Bachelor's degree required
• Professional accounting (CPA) designation required
• Master's degree, or equivalent experience and training in Finance, Accounting, Leadership or a related field preferred

• Demonstrated management experience in complex and dynamic health care environments in the public in finance with expert understanding of one or more health care sectors
• Demonstrated experience performing financial analyses and critical evaluations of complex financial programs
• Demonstrated experience with operational or strategic decision‑making related to program funding
• Experience leading the budgeting process, including the development of operational budgets
• Experience performing monthly program analysis
• Experience overseeing funding initiatives and understanding of related MOH/OH funding methodologies
• Experience overseeing capital assets financial planning and monitoring of working capital
• Experience and understanding of MOH/Ontario Health regulations and reporting requirements (including MIS guidelines)
• Experience with hospital financial information systems and advanced proficiency with Microsoft applications and Meditech

• Strong analytical skills including the ability to comprehend complex issues and related data/information and present information in concise and meaningful ways
• Superior financial budgeting/forecasting, cost accounting knowledge & variance analysis skills
• Effective Financial Risk Identification
• Knowledge of performance measurement, monitoring, and indicator development
• Strong customer service, relationship building, negotiation and problem solving skills coupled with superior written and presentation skills
• Excellent change management and project management skills as well as strong organizational skills including the ability to prioritize workload and to meet deadlines
• Creates accountability while fostering collaboration and engagement
• Strong negotiation and stakeholder alignment skills
• Supports organizational shifts such as:
  New funding models and Growth or restructuring

• Demonstrated application of ethical business and finance practices
• Knowledge of the changing health centre industry with a demonstrated ability to present innovative solutions to financial issues
• Committed to lifelong learning

• Provide guidance to the Senior Leadership Team and senior management on the operational and strategic financial direction of the health centre
• Lead the budgeting process, including the development of operational budgets
• Working closely with peer Directors, perform monthly program analysis
• Oversee funding initiatives specifically but not limited to Post Construction Operating Plan (PCOP), Priority program and Quality Based Procedures (QBP)
• Analyze current and new funding opportunities and, working closely with the Executive Vice President, Corporate Services and Chief Financial Officer, to maximize RVH funding with our funders
• Facilitates the interpretation of financial and clinical information to assist in effective decision making
• Responsible for the preparation and analysis of management reports for performance monitoring, analysis and planning
• Overall responsibility for the collection, analysis, and dissemination of financial and statistical information as required by the MOH/OH in accordance with MIS guidelines
• Responsible for expert knowledge of all aspects of MOH/OH funding and its related implications to the strategic direction of the health centre.
• Responsible for preparing planning or forecasting models based on funding formulae and growth expectations

• Performs other duties as assigned by the Executive Vice President, Corporate Services and Chief Financial Officer
• Provide Board orientation relating to budgeting, analysis and funding matters at RVH
• Considered a resource with a strong knowledge of GAAP (specifically Public Sector Accounting Board principles), MOH/OHRS reporting requirements
• Advise and assist leaders on interpretation & administration of budgeting, analysis and funding policies & procedures
• Oversee on‑going guidance to leaders on new policies/legislation/funding matters, financial results/forecasting & risks associated with areas of judgement
• Work on accreditation requirements to ensure finance items have a "green light" (i.e. evidence of appropriate resource allocation methodologies, approvals of budgets, etc.)
• Responsible for building and leading a team and mentoring staff in developing their skills
• Exhibits the core values of RVH:
  Work…