Role Overview for SVP, Financial Planning with a Healthcare System – Baltimore, MD
JRG Partners, a premier executive search firm, has been exclusively retained by a leading, mission-driven academic healthcare system in Baltimore, Maryland, to identify a transformative Senior Vice President (SVP) of Financial Planning. This is a career-defining opportunity for a seasoned financial executive to join a prestigious organization renowned for its clinical excellence, groundbreaking research, and commitment to community health.
As the SVP of Financial Planning, you will serve as a key strategic partner to the Chief Financial Officer (CFO) and the broader executive leadership team. You will be the principal architect of the organization’s long-term financial strategy, ensuring its financial stability and enabling its ambitious goals for growth, innovation, and patient care delivery.
This executive will lead a sophisticated financial planning and analysis (FP&A) function, providing critical insights and data-driven decision support that will shape the future of the entire health system. The ideal candidate is not just a financial technician but a visionary leader who can translate complex financial data into actionable strategic initiatives. You will be responsible for overseeing all aspects of financial planning, including long-range forecasting, capital allocation, annual budgeting, and the financial evaluation of new business ventures, affiliations, and strategic partnerships.
Operating at the intersection of finance, strategy, and operations, you will play a pivotal role in navigating the complexities of the modern healthcare landscape, from evolving reimbursement models to the integration of digital health technologies. Your leadership will be instrumental in ensuring the organization not only meets its financial objectives but also continues to thrive as a leader in academic medicine and community well-being in the vibrant Baltimore metropolitan area.
Key Responsibilities of SVP, Financial Planning with a Healthcare System – Baltimore, MD
Strategic Financial Leadership
Partner with the CFO and executive team to develop and execute a comprehensive, multi-year financial plan that aligns with the health system’s strategic objectives. Lead the development of sophisticated financial models to support long-range planning, scenario analysis, and strategic decision-making.
Capital Planning and Allocation
Oversee the entire capital planning process, from project evaluation and prioritization to financing and post-implementation review. Develop and maintain a rigorous framework for allocating capital resources to strategic investments in facilities, technology, and clinical programs that yield the highest return on investment and strategic value.
Budgeting, Forecasting, and Performance Management
Direct the annual operating and capital budgeting process for the entire health system. Implement and manage a dynamic rolling forecast process to provide timely insights into financial performance. Develop and monitor key performance indicators (KPIs), analyze variances, and provide actionable recommendations to senior leadership.
Decision Support and Business Intelligence
Lead the FP&A team in providing robust analytical support for all major operational and strategic initiatives. This includes service line profitability analysis, cost accounting, business case development for new programs, and financial modeling for potential mergers, acquisitions, and joint ventures.
Payer Strategy and Reimbursement Analysis
Collaborate closely with the revenue cycle and managed care contracting teams to model the financial impact of payer negotiations and evolving reimbursement landscapes. Provide deep analysis on emerging payment structures, including value-based care models, bundled payments, and population health initiatives, to inform the system’s strategic positioning.
Team Leadership and Development
Recruit, mentor, and develop a high-performing team of finance professionals. Foster a culture of excellence, collaboration, continuous improvement, and strategic partnership across the organization. Champion the use of advanced analytics and technology to enhance the capabilities of the finance function.
Executive and Board Communication
Prepare and deliver clear, concise, and compelling financial presentations to the executive leadership team, the Board of Directors, and other key stakeholders. Translate complex financial concepts into understandable and actionable information for diverse audiences.
Financial Systems and Process Improvement
Drive the continuous improvement of financial planning systems, tools, and processes. Evaluate and implement new technologies, such as advanced business intelligence and predictive analytics platforms, to enhance the efficiency and effectiveness of the FP&A function.
Requirements for the SVP, Financial Planning with a Healthcare System – Baltimore, MD
Educational Background
A Master’s degree in Business Administration (MBA), Finance, Healthcare Administration (MHA), or a related field is required. A Certified Public Accountant (CPA) or Fellow of the Healthcare Financial Management Association (FHFMA) designation is strongly preferred.
Executive Experience
A minimum of 15 years of progressive leadership experience in finance, with at least 7-10 years in a senior management role (e.g., Vice President or SVP) within a large, complex, and preferably academic, healthcare system.
Technical Expertise
Deep and comprehensive knowledge of healthcare finance, including hospital and physician reimbursement, capital financing, strategic financial planning, cost accounting principles, and federal/state regulations.
Strategic Acumen
Proven ability to think strategically and act as a true business partner to executive leadership. Demonstrated experience in leading financial due diligence for mergers, acquisitions, and other strategic partnerships.
Analytical Prowess
Exceptional quantitative and analytical skills with a mastery of financial modeling, analysis, and data interpretation. Proficiency with sophisticated ERP systems, EPM/CPM software (e.g., Oracle, Workday Adaptive Planning, Strata), and business intelligence tools is essential.
Leadership and Communication
An inspiring and collaborative leader with a proven track record of building and developing high-performing teams. Must possess outstanding communication, presentation, and interpersonal skills, with the executive presence to effectively engage with a Board of Directors.
Integrity and Mission Alignment
Unquestionable personal and professional integrity. A strong commitment to the mission of an academic healthcare system focused on patient care, research, education, and community service.
Benefits & Perks Offered
Our client offers a comprehensive and highly competitive executive compensation and benefits package designed to attract and retain top-tier talent. This includes:
Executive Compensation
A highly competitive base salary complemented by a significant annual performance-based bonus and a long-term incentive plan (LTIP) tied to the strategic success of the organization.
Comprehensive Health and Wellness
Premier medical, dental, and vision insurance plans for you and your eligible dependents, along with executive wellness programs, and generous health savings account (HSA) contributions.
Retirement Savings
A robust retirement program, including a 403(b) or 401(k) plan with a substantial employer match and potential for additional discretionary contributions.
Relocation Assistance
A comprehensive, executive-level relocation package is available for the selected candidate and their family to facilitate a smooth transition to the Baltimore area.
Generous Paid Time Off
A generous allotment of paid time off (PTO), including vacation, sick leave, and paid holidays, to promote a healthy work-life balance.
Professional Development
Significant investment in your professional growth, including an allowance for continuing education, attendance at national conferences, and memberships in professional organizations like the HFMA.
Additional Perquisites
Other executive-level benefits may include a car allowance, supplemental life and disability insurance, and financial planning services.
How to Apply
JRG Partners is the exclusive search firm managing this recruitment. To be considered for this exceptional opportunity, please submit your resume and a detailed cover letter outlining your qualifications and interest in the role. All inquiries and applications will be handled with the utmost confidentiality.
We invite you to learn more about our expertise in placing transformative leaders by visiting our healthcare executive search practice page. JRG Partners and our client are equal opportunity employers. We celebrate diversity and are committed to creating an inclusive environment for all employees. We encourage qualified candidates from all backgrounds to apply for this pivotal leadership position.
