Job Description
Job DescriptionCompany Description
COMPANY PROFILE
Risant Health is a nonprofit affiliate of Kaiser Foundation Hospitals. Risant Health is headquartered in the Washington, DC, metro area.
Risant Health was created to expand and accelerate the adoption of value-based care in diverse, multi-payer, multi-provider, community-based health system environments. Risant Health’s vision is to improve the health of millions of people by increasing access to value-based care and coverage and raising the bar for value-based approaches that prioritize patient quality outcomes.
Geisinger Health is the first health system to join Risant Health to expand access to value-based care in more communities across the country. In addition to Geisinger, Risant Health will expand its impact by acquiring and connecting a portfolio of likeminded, nonprofit, value-oriented community-based health systems anchored in their respective communities.
Health systems that become part of Risant Health will continue to operate as regional or community-based health systems serving and meeting the needs of their communities, providers and health plans while gaining expertise, resources, and support through Risant Health’s value-based platform. Risant Health will operate separately and distinctly from Kaiser Permanente’s core integrated care and coverage model while building upon Kaiser Permanente’s nearly 80 years of expertise in value-based care.
DESCRIPTION OF FUNCTION
The Risant Health Finance function combines the agility of a start-up with the expertise of a leading health system and plays a critical role in ensuring the long-term viability and success of Risant Health. This includes ensuring high integrity reporting and financial consolidation with Kaiser Permanente (KP), oversight of Risant Health and subsidiary financial performance, strategic evaluation of new growth and improvement opportunities, thorough vetting of potential new acquisitions, and partnering with senior leaders on economic and capital planning to ensure Risant Health meets its strategic goals.
The Finance function also serves as a strategic advisor to Risant Health’s CEO and leaders of Risant Health’s affiliated organizations, translating strategic priorities into actionable financial plans that support growth and stability.
Job Description
POSITION SUMMARY
The FP&A Principal is a key member of the Risant Health Finance team and plays a critical role in driving financial performance analysis and strategic decision-making.
As an individual contributor, this role leads complex financial analyses, develops financial models, conducts and reviews strategic financial research, and develops reports on financial performance. The FP&A Principal will also support the financial evaluation of prospective Risant Health affiliated organizations. This role operates with a high degree of autonomy, partnering with internal and external stakeholders to deliver actionable insights and standardized, high quality reporting across the organization. Additionally, this role will lead junior analysts on a project basis.
The FP&A Principal will report directly to the Head of Financial Planning & Analysis and Strategic Finance.
PRINCIPAL RESPONSIBILITIES
Principal responsibilities of the FP&A Principal may include and are not limited to:
- Performance Analysis and Strategic Advisory:
- Leads budget development, collaborating with other stakeholders to achieve budgets that balance supporting key priorities with financial stewardship.
- Analyzes historical data, market trends and business metrics to inform resource allocation and financial planning.
- Develops and presents financial models, analyses and findings to Director-level and senior leadership to inform decision-making and strategic planning.
- Communicates and advises leadership, affiliated organizations and cross-functional teams on how operational results impacts future performance.
- Partners with the Controller team on continuous process improvement in monthly management reporting across Risant Health entities.
- Capital and Economic Plan Development:
- Leads the development of long-term capital and economic plans for Risant Health, including end to end oversight at the consolidated level and partnership with affiliated organizations on their development of their plans.
- Establishes and maintains standards on plan format and content, ensuring alignment with organizational objectives through testing and validation.
- Collaborates with affiliate organizations on their organizational capital plans, including understanding their master facility plans, non-facility capital needs, cash flow trajectory, and resulting alignment with enterprise capital standards.
- Performs scenario analysis around risks and opportunities for Risant Health’s trajectory and supports risk management planning efforts.
- Financial Evaluation of Major New Initiatives and Investments:
- Leads the development and application of financial models to support strategic decision-making, including analyzing cash flow analyses, pro forma P&L, NPV, IRR and DCF as well as follow-on variance monitoring.
- Tracks synergies realization across Risant Health affiliated organizations, ensuring Risant Health delivers on its value creation goals and commitments.
- Collaborates with IT and value-based care platform development teams on investment cases and tracking of results.
- Supports the financial evaluations of other new initiatives and ventures, assessing their viability, potential risks, and expected returns.
- Supports leadership and partners with investment banking teams to develop business cases for potential acquisitions for Risant Health.
- Prepares financial findings, recommendations and supporting materials for presentation to leadership and other key stakeholders, helping communicate complex financial concepts and analyses in a clear and concise manner.
- Compliance and Integrity.
- Reinforces ethical behavior in self and others in accordance with the Risant Health code of ethics, adheres to organizational policies and guidelines, supports compliance initiatives, maintains confidence, admits mistakes, conducts business with honesty, shows consistency in words and actions, and follows through on commitments.
SHORT AND LONG-TERM ACCOUNTABILITIES
The Senior FP&A Analyst will be accountable for the following:
- Supporting the Head of Financial Planning & Analysis and Strategic Finance in developing and executing the financial strategy to support Risant Health’s growth and sustainability.
- Ensuring accurate and timely financial reporting and compliance with regulatory requirements.
- Taking ownership and accountability of assigned work tasks and ensuring timely and accurate completion.
- Having a proactive approach in the identification and resolution of any obstacles or challenges that may hinder the completion of work assignments.
- Assist in providing guidance to junior analysts by sharing best practices, reviewing work and helping develop their technical and analytical skills.
- Demonstrating a high level of accountability and responsibility for delivering quality work within established deadlines.
KEY WORKING RELATIONSHIPS
The Senior FP&A Analyst will work closely with the following stakeholders:
- Internal working relationships will include:
- Head of Financial Planning & Analysis and Strategic Finance (direct supervisor)
- Risant Health Strategic Operations Lead and Business Development Lead
- Other Financial Planning & Analysis Professionals
- VBP Business Analysts
- VBP Product Managers
- Risant Health Controller
- External working relationships will include:
- KP Financial Planning & Analysis teams
- KP Accounting teams
- Finance and Business teams in Risant Health’s affiliated organizations
- Legal and Compliance teams supporting Risant Health
- Other Functional Leaders supporting Risant Health
- Vendors and suppliers (as needed)
- Financial institutions (as needed)
- Regulatory bodies (as needed)
- Industry peers and partners (as needed)
Qualifications
EXPERIENCE/EDUCATION/QUALIFICATIONS
- Minimum six (8) years Financial Planning & Analysis experience or directly related business experience.
- Minimum two (2) years experience interacting with senior leadership (e.g. VP and above).
- Minimum two (2) years supervising junior analysts, either directly or on a project basis
- Bachelor's degree in finance, accounting, business, or related field.
Preferred Qualifications
- Financial Planning and Analysis certification.
- Certified Public Accountant certification.
- Minimum two (2) years experience in a leadership role
- Minimum two (2) years of experience in project management.
- Minimum four (4) years of hands-on experience with advanced Excel functions (e.g. Power Query, Power Pivot, charts, dynamic arrays, macros, complex formulas, and keyboard shortcuts) to efficiently clean, manipulate and analyze data for actionable insights.
- Experience within the healthcare industry, demonstrating a strong understanding of financial management, including DCF, ROI analysis, and resource allocation.
- Experience in hospital system capital management
- Experience with financial systems or BI tools (e.g. Workday, Workday Adaptive Planning, PeopleSoft, Tableau, PowerBI)
- Intellectually curious with strong analytical and problem-solving skills, and a proven ability to translate complex financial data into actionable insights.
- Ability to drive results in a fast-paced, rapidly evolving start-up environment.
- Excellent communication and interpersonal skills, with the ability to collaborate and influence across all levels of the organization.
Additional Information
Compensation and Benefits: The projected base salary for this position ranges from $105,000 - $138,600, depending on experience and qualifications. This role is also eligible for a comprehensive benefits package, including wellness programs, retirement savings, and relocation support as applicable.
Join us! If you are passionate about improving healthcare through innovative solutions and want to make a meaningful impact, we encourage you to apply. Risant Health is an equal opportunity employer committed to creating a diverse and inclusive workplace. We welcome applicants from all backgrounds and experiences. All your information will be kept confidential according to EEO guidelines