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Full-time 12 hours ago Full Job Description Location: LOC_HOME-Home/Remote Office Location Req ID: 167670 Shift: Days Employment Status: Regular – Full Time About Us We’re seeking breakthrough makers! Children’s Hospital of Philadelphia was built on the belief that we can change lives. Today, in every role throughout our hospital, research institute and care network, the 22,000 members of our workforce are finding new ways – big and small – to make a difference for the patients and families we serve. If you are ready to challenge yourself, be inspired and grow – no matter what your role – you just may be the kind of breakthrough maker who will thrive at CHOP. CHOP is proud to share that we are ranked No. 1 on Forbes’ 2022 list of America’s Best Large Employers! Job Summary The Finance Partner I supports the Senior Finance Partner in providing strategic financial leadership and financial stewardship for multiple Business Units of the Children’s Hospital of Philadelphia. This role supports a wide array of financial activities in a complex academic healthcare environment including but not limited to these financial management functions for Business Units: Operating Budget / Performance Management / Variance Reporting Financial and Strategic Business Plan development, Capital Budgeting Service Line and Cost Accounting oversight Finance Policy and Procedure Compliance, Performance Improvement and Learning This role works with all areas of Corporate Finance (Accounting, Payroll, Accounts Payable, Financial Strategy, Revenue Cycle and Supply Chain) and is intended to be a support to the Senior Finance Partner in the delivery of services to each Business Unit Vice President. The Finance Partner reports to the Senior Finance Partner and supports corporate services, CHOP Foundation, HR, legal and compliance, diversity and inclusion, etc. Job Responsibilities Supports Operating Budget / Performance Management / Variance Reporting Processes for multiple Business Units Provides analysis to support creation of the Base Budget assumptions for volume, gross revenue and expense inflation rates, including the integration of organization objectives for cost savings and new program initiatives Supports Business Unit teams in the completion of the annual budget cycle and achievement of operating targets Actively participates in month end financial close: Assist departments and Corporate Accounting to estimate appropriate accruals; Prepares month end close review and ad-hoc analysis of volume, revenue and expense, and analytics to support understanding of material Business Unit variance; shares findings with Senior Finance Partner. Supports Senior Finance Partner in development and ongoing monitoring of remediation and corrective action plans with Business Unit Leadership for all material variances to budget. Supports analytics for Labor and Non Labor Benchmarking activities Supports Business Unit Leadership in cost management initiatives. Attends a wide range of client-based meetings for exposure to organization. Supports Business Unit adoption and best practice use of all financial and supply chain applications and tools. Prepares analytics required to support understanding of Business Unit material variances Supports Corporate Finance training to Business Units for operating budget, capital budget, variance reporting, service line reporting and other finance tools, systems and applications. Financial and Strategic Business Plan development and Capital Budgeting Supports Sr. Finance Partner in collecting data needed for financial inputs to create efficient and effective financial plans, forecasts, what if scenarios and analysis for Business Unit strategic objectives Participates in the retrospective financial review of approved business plans Supports Business Unit VPs with Capital Budget Request process and completion of Business Cases to support requests Supports collection of information to inform capital spending projections by Business Units Supports Business Unit leadership and their teams using financial data and advanced Analytic tools Job Responsibilities (Continued) Service Line Reporting and Cost Accounting Supports the Financial Planning and Financial Analytics Teams to improve and promote accurate Cost Accounting methodologies for RVU development, indirect expense allocations and other cost accounting drivers Supports and participates in promotion of Business Unit Service Line reporting to inform service line profitability, improve costing processes, inform business plans and promote improved decision making for Operational Leaders Compliance, Performance Improvement, and Learning Works with the Senior Finance Partner to support Business Unit leaders in adoption and understanding of finance policies, guidelines, requirements, and standard operating procedures to ensure compliance with corporate finance policies and generally accepted accounting principles Supports Business Unit adoption and best practice use of all financial and supply chain applications and tools Participates in Enterprise and Business Unit performance improvement initiatives that result in an improvement in Business Unit operational and financial performance Participates in Finance department improvement projects and initiatives, including information systems and analytical tools/models, design, set up, implementation and stabilization Provides a coordinating role when necessary between Managers/Directors and Corporate Finance functions including Purchasing, Accounts Payable, Payroll, Supply Chain, and Revenue Cycle teams to support Business Unit Leadership with access to appropriate resources and knowledge experts Participates in Special Projects and Committees as assigned to support Finance or Operational initiatives Supports the development of financial management training materials Customer Service Develops and maintains business partner relationships across the CHOP Enterprise Responds to customers in a timely fashion Shares expertise and experience to supports stakeholders on effective financial management processes Supports the delivery of financial, operational and strategic insights across business units Facilitates an openly communicative environment to promote the generation of creative thinking and commitment to business process improvement Job Responsibilities (Continued) Required Licenses, Certifications, Registrations None Required Education and Experience Required Education: Bachelor’s Degree Required Experience: At least five (5) years of experience. Preferred Education, Experience & Cert/Lic Preferred Education: Masters Preferred Licenses/certificates/registrations: CPA or CMA Additional Technical Requirements ERP Payroll, Accounts Payable, General Ledger and Supply Chain modules, Workforce Analytics, EPIC, Microsoft products, Business Objects, Allscripts or other Budget and FDS platforms, Qlikview applications Experience with accounting concepts, variable and rolling budget processes, labor analytics, service line profitability, financial and forecasting concepts Knowledge of integrated and automated financial systems Demonstrate strong communication skills, able to prioritize work, and take initiative when necessary To carry out its mission, it is of critical importance for the Children’s Hospital of Philadelphia (CHOP) to keep our patients, families and workforce safe and healthy and to support the health of our global community. In keeping with this, CHOP has mandated all workforce members on site at any CHOP location for any portion of their time be vaccinated for COVID-19 as a condition of employment. This mandate also applies to workforce members performing work for CHOP at non-CHOP locations. Additionally, all workforce members based in or regularly scheduled to work at any New Jersey location are mandated to be both vaccinated and boosted for COVID-19, with booster timing consistent with applicable guidelines. The CHOP COVID-19 vaccine mandate is in alignment with applicable local, state and federal mandates. CHOP also requires all workforce members who work in patient care buildings or who provide patient care to receive an annual influenza vaccine. Employees may request exemption consideration for CHOP vaccine requirements for valid religious and medical reasons. Please note start dates may be delayed until candidates are fully immunized or valid exemption requests are reviewed. In addition, candidates other than those in positions with regularly scheduled hours in New Jersey, must attest to not using tobacco products. EEO / VEVRAA Federal Contractor
