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Job Description

JOB SUMMARY

This paragraph summarizes the general nature, level and purpose of the job.

The Executive Director of Financial Planning & Analysis (FP&A) provides enterprise-wide financial leadership for Stanford Medicine Children's Health. Reporting directly to the Vice President of Finance, the Executive Director will have full ownership of the operating budget process, including design, execution, and reporting to senior leadership. This role will oversee and implement annual updates to the long-range financial plan, partnering closely with strategy, service lines, and operational leaders throughout the organization. In addition, the Executive Director will oversee labor productivity reporting and analysis, external benchmarking, and new financial reporting to allow for deeper insights into the enterprise financial performance and operational efficiency. This position will be a key advisor to senior leadership and will be responsible for preparing financial updates that are presented to the Board of Directors.

ESSENTIAL FUNCTIONS

The essential functions listed are typical examples of work performed by positions in this job classification. They are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Employees may also perform other duties as assigned.

Employees must abide by all Joint Commission Requirements including but not limited to sensitivity to cultural diversity, patient care, patient rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings.

Must perform all duties and responsibilities in accordance with the hospital's policies and procedures, including its Service Standards and its Code of Conduct.

Operating Budget Leadership: Own the operating budget process from end-to-end, including the design of the budget framework, coordination of department submissions, and preparation of executive-level reports and analysis for senior leadership.
Operational and Financial Transformation: Serve as the finance lead for the three-year $230M savings initiative, ensuring rigorous financial tracking and benefit validation.
Long-Range Financial Plan: Update and maintain the long-range financial plan, including the integration of the Operational and Financial Transformation program results and strategic growth investments.
Financial Analytics and Reporting: Oversee labor productivity reporting and analysis, external benchmarking submissions, and other reporting to drive operational efficiency and margin improvement.
Board and Executive Reporting: Prepare financial updates and key performance insights for the Board of Directors, ensuring clear and actionable information for enterprise decision-making.

Qualifications

MINIMUM QUALIFICATIONS

Any combination of education and experience that would likely provide the required knowledge, skills and abilities as well as possession of any required licenses or certifications is qualifying.

Education: Bachelor's degree in Finance, Accounting, Economics or related field/discipline from an accredited college or university. Master's degree or MBA is strongly preferred.

Experience: Ten (10) years of progressive experience in financial planning and analysis, healthcare finance, or a related discipline including five (5) years of senior leadership experience.

License/Certification: None required. CPA, CFA, or FHFMA preferred.

KNOWLEDGE

These are the observable and measurable attributes and skills required to perform successfully the essential functions of the job and are generally demonstrated through qualifying experience, education or licensure/certification.

Executive presence with the ability to influence and partner with senior leaders.
Broad expertise in healthcare finance.
Ability to lead highly complex operating strategies with financial planning objectives.
Strong communications and relationship building skills to influence executives, clinical and operational leaders.
Ability to translate complex financial information into concise recommendations.

PHYSICAL REQUIREMENTS

The Physical Requirements and Working Conditions in which the job is typically performed are available from the Occupational Health Department. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job.

Pay Range
Compensation is based on the level and requirements of the role.
Salary within our ranges may also be determined by your education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data.

Range (Annually): $230,000 - $300,000

Additional Information

Pay Range
Compensation is based on the level and requirements of the role.
Salary within our ranges may also be determined by your education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data.
Typically, new team members join at the minimum to mid salary range.
Minimum to Midpoint Range (Hourly): $103.95 to $135.13

Lucile Packard Children's Hospital

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Executive Director - Financial Planning & Analysis