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Director, Strategic Finance, Contracting & Treasury Fortify

Childrens Hospital of The King's Daughters • Norfolk, Virginia, United States • 1h ago

Director, Strategic Finance, Contracting & Treasury Fortify

GENERAL SUMMARY
- The Director, Strategic Finance, Contracting, & Treasury Fortify serves as Fortify Children Health’s lead for strategic finance, payor contracting, and treasury, responsible for ensuring long-term financial sustainability, strong payor relationships, and sound stewardship of organizational funds. The role oversees development and communication of Fortify’s annual and long-range financial plans, supervision of outsourced accounting and internal controls, design of sustainable physician funds flow models, and trusted financial advising to executive leadership on staffing, investments, and expense management. The position also leads payor contracting strategy—including negotiation, performance oversight, and development of pediatric-appropriate value-based arrangements—while managing key payor relationships and joint operating committees. As Treasurer, the role also holds ultimate responsibility for cash management, financial reporting to the Board, banking relationships, and safeguarding Fortify’s financial integrity. Reports to departmental leadership.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Strategic Finance
  - Develop and maintain dynamic annual and long-range financial plans that adapt to changing market conditions while supporting Fortify’s long-term financial sustainability and independence, in partnership with the outsourced accounting firm.
  - Communicates financial plans and performance updates to Fortify’s Board of Managers and financial executives at Children's Hospital of The King's Daughters and UVA Health.
  - Oversee financials reporting, including actual-to-budget and year-over-year analyses prepared by the outsourced accounting firm.
  - Develops sustainable internal funds flow methodologies, chair the Funds Flow Workgroup, and build consensus among participating physicians, administrative leadership, and Class A Members. Present recommendations and decisions to provider groups, the Board of Managers, and Class A Members.
  - Serves as a strategic advisor to the Executive Director on staffing, vendor negotiations, expense management, and capital investments.
  - Oversees outsourced accounting and finance functions, including: accounting software implementation; accounts payable, reconciliations, cash forecasting, and month-end close; financial planning, analysis, and budgeting; internal controls and procurement processes; and tax compliance and guidance.
- Contracting
  - Leads the development, negotiation, implementation, and management of payor contracts and contracting strategy with existing and prospective payor partners.
  - Identifies opportunities for new agreements and renegotiate existing agreements to optimize performance and terms.
  - Collaborates with Fortify leadership to align contracting strategies with organizational initiatives and capabilities.
  - Manages payor relationships by leading Joint Operating Committees, serving as the primary escalation contact, resolving issues, and fostering relationships with key payor decision-makers.
  - Develops pediatric-focused value-based contracts and serve as Co-Chair of Fortify’s Payor Contracting Committee.
  - Oversees contract performance reporting, actuarial consulting engagements, and reconciliation activities in collaboration with the Director of Informatics.
- Treasurer
  - Maintains oversight of all funds, securities, receipts, and disbursements in partnership with the outsourced accounting team.
  - Provides financial condition reports to the Board as requested and perform all duties customary to the Treasurer role.
  - Oversees daily cash management, investment activities, cash flow forecasting, capital contribution forecasting, and key banking relationships in accordance with Board and/or Class A Member guidance.
- Leads, manages, coaches, and trains a team or department, provides guidance, support, and mentors to ensure optimal performance and productivity.
- Oversees the recruitment, hiring, team/department orientation, performance appraisals and disciplinary actions including up to termination processes for a team or department.
- Performs all other duties as assigned.
LICENSES AND/OR CERTIFICATIONS
- Required Licenses and/or Certifications
  - None
MINIMUM EDUCATION AND EXPERIENCE REQUIREMENTS
- Required Education and Experience
  - Bachelor’s degree in Finance, Business, Accounting, or another relevant field required.
  - At least 8 years of progressive experience in a finance, planning, or analytics roles required, including at least 4 years of managerial experience.
- Preferred Education and Experience
  - MBA, CFA, or Master’s degree in Finance, Accounting, or another relevant field preferred.
  - Progressive experience working in a finance, planning, or analytics roles at a large health system preferred.
- Required Knowledge, Skills and Abilities
  - Exceptional knowledge of strategic financial planning
  - Deep understanding of budgeting, accounting, and financial management principles
  - Highly skilled in use of financial software, accounting software, and database management, and data visualization tools
  - Excellent financial modeling and presentation skills
  - Strong communication and interpersonal skills
  - Adaptability to dynamic circumstances
  - Ability to manage a variety of stakeholders effectively
  - Ability to collaborate with a wide range of individuals and groups
WORKING CONDITIONS
- Normal office environment with little exposure to excessive noise, dust, temperature and the like.
PHYSICAL REQUIREMENTS
- Click here to view physical requirements.