As a key collaborator with the Executive Director for Financial Planning and Analysis (FP&A) in the School of Medicine (SOM), we are seeking a Director, SOM Budget for a leadership role responsible for overseeing the school's annual financial planning and budgeting process. The position aligns strategic objectives with fiscal goals and coordinates the consolidation of budgets at the SOM level. The successful candidate will play a crucial role in refining business models, enhancing performance metrics, and contributing to the transformative journey of our academic medical institution. We seek a collaborative professional with strong communication skills, decisive decision-making abilities, and a keen analytical mindset. Interaction with senior leadership and coordination across multiple departments within the SOM and the University is integral to this role. This role will collaborate with various stakeholder groups, including SOM Vice and Associate Deans, Johns Hopkins Medicine (JHM) and Johns Hopkins Health System (JHHS) budget teams, the Johns Hopkins University (JHU) budget team, colleagues across all verticals of the SOM Central Finance team, Clinical Practice Association (CPA) colleagues, and JHU Internal Audit.
Specific Duties & Responsibilities Develop, present, and oversee financial budgets annually and quarterly. Ensure alignment of all budgets and financial processes with SOM strategy and goals. Collaborate with executives, project managers, and cross-departmental leadership to set budget goals and ensure adherence. Evaluate budget proposals and financial requests for viability. Forecast financial needs throughout the year and track results against key financial targets. Prepare cost estimates and plans, providing necessary reporting, documentation, and financial assessments. Clearly explain complex financial data to stakeholders. Develop and maintain an accurate record-keeping system. Identify, assess, and analyze potential financial and budgetary risks. Provide financial summaries, reports, and recommendations as required. Ensure all financial decisions and records comply with legal regulations. Coordinates Acts as the SOM's primary liaison with the JHU Budget Office and serves as the first point of contact for SOM departments with budget-related inquiries. Consolidates financial information from various sources to provide a comprehensive view of departmental activity. Coordinates the SOM total budget for submission to the JHU Budget Office and assists during budget preparation. Creates/Prepares/Develops Directs the gathering, analysis, summarization, and preparation of new clinical financial plans, budgets, cash flow projections, pipeline analyses, and operating forecasts. Develops complex financial models and reports for forecasting, trending, and results analysis. Implements corrective action plans for budget variances and develops training programs to support budget preparation activities. Analyzes/Interprets Provides analysis on monthly variance to budget and evaluates updated monthly accruals and projections to enhance forecasting accuracy. Approves/Verifies Approves the consolidated budget for the SOM, including departments and central units. Reviews consolidated monthly variance reporting for the School of Medicine. Supervises Current team of two Financial Analysts and may expand depending upon needs.
Assigns Assigns portfolios of units to analysts to foster relationships between FP&A and units. Delegates functional responsibilities to analysts as necessary to produce required analyses, long-range plans, and 'what-if' scenarios. Trainings Ensures all team members are proficient in relevant tools, including Excel, Business Objects, EPSi, Tableau, and future budget systems. Special Knowledge, Skills, & Abilities Excellent management skills particularly in facilitation, team building, and coordination. Communication, organizational, and analytic skills Ability to analyze data for budgeting, operations, auditing, accounts receivable, and reserve analysis. Understanding of and commitment to the Johns Hopkins Medicine mission. Minimum Qualifications Bachelor's Degree in Finance, Accounting, Business or a related field. 10 years of progressively responsible financial and business operations experience, preferably in a large and complex organization.
Mastery of Microsoft Excel and Tableau is required.
Advanced financial expertise in accounting, budget planning, and financial forecasting, along with an analytical approach to problem solving.
Experience ensuring that budgeting systems are efficient, current and align with performance reporting to address diverse operating and management audience needs.
Demonstrated strategic leadership, planning, change management and process improvement skills.
Strong supervisory abilities and proven experience in managing and developing high performance teams within a highly change-oriented culture. Preferred Qualifications CPA and/or Master's Degree in appropriate field. Experience in coordinating budget development across multiple units preferred. Experience with EPSi budgeting system preferred. Classified Title: Director Finance
Job Posting Title (Working Title): Director, SOM Budget
Role/Level/Range: L/05/LG
Starting Salary Range: $110,700 - $194,000 Annually ($180,000 targeted; Commensurate with experience)
Employee group: Full Time
Schedule: 37.50
Exempt Status: Exempt
Location: Hyb rid/School of Medicine Campus
Department name: SOM Admin Finance FP&A
Personnel area: School of Medicine
