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Job Req ID:  113372

Director, SOM Budget

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 

 

 

Total Rewards
The referenced salary range is based on Johns Hopkins University’s good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level. Johns Hopkins offers a total rewards package that supports our employees' health, life, career and retirement. More information can be found here: https://hr.jhu.edu/benefits-worklife/.

Please refer to the job description above to see which forms of equivalency are permitted for this position. If permitted, equivalencies will follow these guidelines: JHU Equivalency Formula: 30 undergraduate degree credits (semester hours) or 18 graduate degree credits may substitute for one year of experience. Additional related experience may substitute for required education on the same basis. For jobs where equivalency is permitted, up to two years of non-related college course work may be applied towards the total minimum education/experience required for the respective job.

**Applicants who do not meet the posted requirements but are completing their final academic semester/quarter will be considered eligible for employment and may be asked to provide additional information confirming their academic completion date.

The successful candidate(s) for this position will be subject to a pre-employment background check. Johns Hopkins is committed to hiring individuals with a justice-involved background, consistent with applicable policies and current practice. A prior criminal history does not automatically preclude candidates from employment at Johns Hopkins University. In accordance with applicable law, the university will review, on an individual basis, the date of a candidate's conviction, the nature of the conviction and how the conviction relates to an essential job-related qualification or function.

The Johns Hopkins University values diversity, equity and inclusion and advances these through our key strategic framework, the JHU Roadmap on Diversity and Inclusion.

Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

EEO is the Law:
https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf

Accommodation Information
If you are interested in applying for employment with The Johns Hopkins University and require special assistance or accommodation during any part of the pre-employment process, please contact the Talent Acquisition Office at jhurecruitment@jhu.edu. For TTY users, call via Maryland Relay or dial 711. For more information about workplace accommodations or accessibility at Johns Hopkins University, please visit https://accessibility.jhu.edu/.

Johns Hopkins has mandated COVID-19 and influenza vaccines, as applicable. The COVID-19 vaccine does not apply to positions located in the State of Florida. Exceptions to the COVID and flu vaccine requirements may be provided to individuals for religious beliefs or medical reasons. Requests for an exception must be submitted to the JHU vaccination registry. For additional information, applicants for SOM positions should visit https://www.hopkinsmedicine.org/coronavirus/covid-19-vaccine/ and all other JHU applicants should visit https://covidinfo.jhu.edu/health-safety/covid-vaccination-information/.

The following additional provisions may apply, depending upon campus. Your recruiter will advise accordingly.

The pre-employment physical for positions in clinical areas, laboratories, working with research subjects, or involving community contact requires documentation of immune status against Rubella (German measles), Rubeola (Measles), Mumps, Varicella (chickenpox), Hepatitis B and documentation of having received the Tdap (Tetanus, diphtheria, pertussis) vaccination. This may include documentation of having two (2) MMR vaccines; two (2) Varicella vaccines; or antibody status to these diseases from laboratory testing. Blood tests for immunities to these diseases are ordinarily included in the pre-employment physical exam except for those employees who provide results of blood tests or immunization documentation from their own health care providers. Any vaccinations required for these diseases will be given at no cost in our Occupational Health office.
Hybrid: On-site 3-4 days a week

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