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Location: Danville, Pennsylvania
Job Category: Financial Planning and Reporting, Geisinger Health Plan
Schedule: Days
Work Type: Full time
Department: GHP Financial Planning Division
Date Posted: 10/29/2024
Job ID: R-68787
Job Summary
The Director Financial Planning is responsible for advancing the overall financial performance of Geisinger Health and its subsidiaries. This role will inform decision making and ensure goal achievement by coordinating and managing the quarterly forecasting process and preparing financial operating impact analysis for significant environmental and market events.Job Duties
- Develops, and maintains use of enterprise budgeting software, templates, and tools to enable agile and accurate forecasts and operating impact analysis.
- Collaborates with Financial Analytics, Decision Support, and all finance partner teams to ensure integration and synchronization of hospital, professional, and health plan budgeting, reporting, and analytics.
- Evaluates forecasting methodologies to continuously seek improvement in budget capabilities and to establish best practices.
- Collaborates with Finance Partners to translate financial operating margin goals into forecast group metric targets that are understandable to administrative owners and ensures the overall margin goal.
- Coordinates with subject matter experts and Strategic Financial Planning to compile global assumptions necessary for budgeting and related impact analyses and communicates same to Finance Partners and executive leadership. Subject matter experts include, but are not limited to, third-party contracting, revenue and reimbursement, and actuarial teams.
- Collaborates and coordinates with CFOs and Operations Leaders to ensure that forecasts and models reflect appropriate operational activity. Assesses and evaluates forecast submissions providing actionable analysis and guidance.
- Develops and maintains dashboards, reports, and analyses necessary to support CFOs and Operations Leaders.
- Collaborates with Strategic Financial Planning to support operating forecasts for long-range models and forecasts.
- Prepares scenarios and sensitivities to evaluate forecast assumptions, assess volatility, and inform the decision-making process.
- Prepares budget material for presentation to the Executive Leadership Team, Board of Directors Finance Committee, and other parties as requested.
- Educates enterprise-wide management staff and Finance Partners on forecasting processes and procedures as appropriate.
- Supervises and supports biweekly, monthly, and quarterly Management and Productivity Reporting and related analyses, including software integration with budgeting process. Ensures consistent use of statistics across internal departmental budgeting and reporting and external Vizient benchmarking.
- Supports other financial modeling including, but not limited to, long-range forecasts, monthly reforecasts, Health Plan Premium Deficiency Reserves forecasts, Risk-Based Capital projections, and other analyses requested by leadership and/or require by regulatory agencies.
- Oversees staff to prioritize workload, provide performance reviews, goal setting, training, and development as needed.
- Collaborates with Data Management team to develop and guide the operations of QF budget architecture including standards that enable data driven forecasting, ad hoc analysis, and insight generation.
- Provides regular communications or presentations of financial performance to internal leadership.
Work is typically performed either in an office or work-from-home environment. Accountable for satisfying all job specific obligations and complying with all organization policies and procedures. The specific statements in this profile are not intended to be all-inclusive. They represent typical elements considered necessary to successfully perform the job.
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Education
Bachelor's Degree- (Required), Master's Degree- (Preferred)Experience
Minimum of 7 years-Related work experience (Required), Minimum of 5 years-Managerial/Supervisory (Required)Our Purpose & Values
OUR PURPOSE & VALUES: Everything we do is about caring for our patients, our members, our students, our Geisinger family and our communities. KINDNESS: We strive to treat everyone as we would hope to be treated ourselves. EXCELLENCE: We treasure colleagues who humbly strive for excellence. LEARNING: We share our knowledge with the best and brightest to better prepare the caregivers for tomorrow. INNOVATION: We constantly seek new and better ways to care for our patients, our members, our community, and the nation. SAFETY: We provide a safe environment for our patients and members and the Geisinger family We offer healthcare benefits for full time and part time positions from day one, including vision, dental and domestic partners. Perhaps just as important, from senior management on down, we encourage an atmosphere of collaboration, cooperation and collegiality. We know that a diverse workforce with unique experiences and backgrounds makes our team stronger. Our patients, members and community come from a wide variety of backgrounds, and it takes a diverse workforce to make better health easier for all. We are proud to be an affirmative action, equal opportunity employer and all qualified applicants will receive consideration for employment regardless to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or status as a protected veteran.Learn more about this Employer on their Career Site
