Director of Finance - Budget & Forecasting

GENERAL SUMMARY:

Reporting to the Vice President of Finance - Budget & Analytics, the Director – Finance System Budget has oversight of system budget process, budget assumption development, monthly and yearly forecasting, and financial target development among other duties.  Key deliverables for this role include the annual financial plan, forecasts, operating budgets, and system board packages.  In partnership with the VP Finance Budget & Analytics, the Director – Finance – System Budget will leverage collaborative relationships with system wide financial and support functions including regional and Ambulatory Vice Presidents of Finance to implement processes and tools that lead to development of effective reporting of forecasts, budgets, volumes, strategic assumptions, and operational improvements.  As appropriate, the director will present financial reports and program updates to Leadership groups.

PRIMARY RESPOSIBILITIES:

• Knows, understands, incorporates, and demonstrates the mission, vision, and values of Henry Ford Health in leadership behaviors, practices, and decisions.
• Promotes a culture of high reliability and continuous improvement to ensure that internal and external customer needs are recognized and addressed.
• The position will be the Application Owner of the budget software for the system.  Will engage with the vendor on all aspects of the software including but not limited to contract, pricing, upgrades, system maintenance, etc.
• Collaborates on the creation of the annual system budget plan/timeline
• Works with key system stakeholders to develop and record key budget assumptions each year including but not limited to wage program, reimbursement, inflation, etc.
• Works with system Operational and Financial leadership to develop annual financial targets at system and operating unit level. 
• Develop annual Key Volume targets (discharges, patient days, surgical cases, ED visits, OP Encounters), in association with System strategy and Operational stakeholders.
• Manages detail budget process for the system, providing budget templates to capture cost center, account level, and trended detail for all system lines of business.
• Works with system leadership on development of reporting package for System Finance Committee and Board to facilitate approval of Annual Budget.
• Maintains and consolidates all budget related data, ensuring accuracy.  Ensure that budget data is populated in all needed source systems.
• Provides detailed budget reporting to all levels of leadership.
• Provide Forecast updates for all system lines of business/Operating units.  Timeframes for these forecasts include monthly and annual updates, as well as ad-hoc analyses as requested.
• Coaches and mentors through formal and informal relationships to develop current financial leaders and build a pool of talented future finance leaders.
• Maintains a working knowledge of applicable Federal, State, and local laws and regulations, Code of Ethics, as well as other policies and procedures in order to ensure adherence in a manner that reflects honest, ethical, and professional behavior.
• Provides support to Henry Ford Health senior management by coordinating special assignments as directed by senior management.  Also, assists managers with any financial questions and educates them as to the use of the various financial reports that they receive.
• Collaborates with all levels of leadership, support staff and external resources to achieve vision and strategic direction for areas of responsibility.
• Facilitates a highly matrix multi-disciplinary approach in the development of services and displays the ability to work effectively within the HFH decision-making and organizational structure.