Vice President Financial Planning & Strategy at University Hospital, Newark NJ

Newark, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

26 Mar, 26

Salary

385000.0

Posted On

26 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Strategy, Budgeting, Forecasting, Financial Reporting, Analytical Skills, Negotiation Skills, Presentation Skills, Communication Skills, Problem-Solving, Operational Efficiency, Team Leadership, Collaboration, Stakeholder Management, Revenue Generation, Healthcare Knowledge, Regulatory Understanding

Industry

Hospitals and Health Care

Description

Overview Vice President, Financial Strategy & Planning 📍 Newark, NJ | 🕒 Full-Time | 💼 Finance | About the Role The Vice President for Financial Strategy and Planning will provide analytic and operational leadership by projecting and managing financial forecasts to inform organizational decision‐making, closely track financial performance and external factors influencing the organization’s fiscal health and recommending appropriate adjustments to operational plans as needed, support organizational priorities like capital initiatives and state budget relationships, and identify opportunities to optimize state and federal funding. Responsibilities What You’ll Do Directs long‐term enterprise financial strategy, including multi‐year financial planning, budgeting, and forecasting to inform operational priorities, provides the analytical foundation for strategic decision‐making, and optimize resource allocation and growth opportunities. Develops financial forecasts and financial performance metrics informed by business intelligence gathering, financial monitoring, and knowledge of payer environment; regularly report to the CEO and CFO on enterprise performance and opportunities. Provides strategic oversight of the financial performance across all hospital departments; identifying emerging trends, risks, and opportunities, and, working with the Chief Financial Officer, develops and executes corrective strategies that support long‐term stability and growth. Conceptualizes and manages the development of the annual State Fiscal Year budget request; oversees engagement with State budget leadership and policymakers on the State budget; develops, maintains, and expands relationships with State budget leadership to support enterprise priorities and objectives. Provides strategic financial leadership for major capital initiatives, managing continued fiscal sustainability to align contract structures, vendor relationships, and project investments with the hospital’s organizational goals and to position the hospital for future operational and financial strength. Develops and executes strategies to secure, optimize, and expand government funding, including federal and state reimbursement programs, grants, waivers, and alternative sources; monitors evolving funding landscape at local, state and federal level to identify opportunities to realize revenue while ensuring alignment with public policy objectives. Supports the Chief Finance Officer as needed in the development and preparation of the annual operating budget with in‐depth data analysis, identification of opportunities for operational efficiency, and effective processes and timelines to ensure all revenue and expenditure assumptions are accurate and reasonable. Models leadership and implements strategies to ensure the highest level of patient experience and customer service. Qualifications What You’ll Bring Required: Master’s degree in Finance, Public Administration, or a related field required. Seven (7) or more years of progressively responsible experience in budget planning and management, financial planning, and financial reporting, or an equivalent combination of training and experience a minimum of two years must include senior‐level financial management responsibility. Expert‐level knowledge of budget development, financial forecasting, and cost analysis methodologies. Comprehensive understanding of State and federal health‐care payer systems, including reimbursement frameworks and regulatory environments. Strong familiarity with State‐supported health‐care institutions and public‐sector budget processes. Demonstrated ability to identify, develop, and secure new revenue streams. Proven track record of problem‐solving and implementing strategies that enhance operational efficiency within dynamic or evolving funding structures. Exceptional analytical, negotiation, presentation, and written communication skills. Demonstrated success operating in a complex, multi‐stakeholder, multi‐funder environment, balancing competing priorities and ensuring alignment across diverse groups. Experience leading teams, building consensus, and fostering collaboration in a highly matrixed environment. Ability to establish and maintain effective working relationships with key stakeholders, including policymakers, clinical leadership, and community partners. Ability to read, write speak, and understand English fluently to perform the duties of the position required. What We Offer Vacation Time Off Medical & Prescription Drug Coverage Dental & Vision Insurance Health Savings Account (HSA) & Flexible Spending Account (FSA) Short- & Long-Term Disability Insurance Pension Plan Pet Insurance Employee Assistance Program (EAP) Professional Development Compensation (NJ Job Transparency Law) In compliance with New Jersey’s Pay Transparency Act, the hourly rate for this position is $200,00.00 - $385,000.00. University Hospital considers multiple factors when determining compensation, including (but not limited to) the scope and responsibilities of the position, the candidate’s relevant work experience, education and training, key skills, internal equity, market data, and organizational needs. About Us University Hospital is one of the nation’s leading academic medical centers. As the principal teaching affiliate of Rutgers New Jersey Medical School and the only state-certified Level 1 Trauma Center in Northern New Jersey, University Hospital is training the next generation of physicians and advancing science to discovery while taking exceptional care of patients, regardless of their financial situation. Apply Today We encourage candidates from all backgrounds to apply. If you want to grow your career in healthcare while serving a vibrant community, we’d love to meet you.

Responsibilities

The Vice President will direct long-term financial strategy, including multi-year planning and budgeting, while providing oversight of financial performance across hospital departments. They will also manage state budget requests and develop strategies to secure government funding.