Finance and Operations Manager, Supply Chain

The Finance and Operations Manager, Supply Chain, is a key member of the Supply Chain leadership team, responsible for the financial planning, analysis, and reporting related to all aspects of the supply chain. This role will partner with operational leaders to develop and monitor budgets, track key performance indicators (KPIs), identify cost savings opportunities, and implement process improvements to optimize supply chain efficiency and effectiveness. The Manager will also be responsible for ensuring compliance with financial regulations and internal controls.

Essential Functions:

• Financial Planning and Analysis:
  • Develop and manage the annual supply chain budget, including forecasting expenses, analyzing variances, and providing recommendations for corrective action.
  • Conduct financial modeling and analysis to support strategic decision-making, including rate versus volume analysis to delve into supply expense variances and summarize findings.
  • Track and analyze incoming rebates to determine whether amounts received align with expectations, develop and monitor dashboards to determine opportunities to optimize rebates through levers in operations.
  • Prepare monthly financial reports and dashboards, highlighting key performance indicators (KPIs) such as supply expense as a percentage of net patient revenue, inventory turnover, and cost per case.
  • Analyze supply chain spend data to identify cost savings opportunities and track the progress of cost reduction initiatives.
  • Partner with accounting and finance teams to ensure accurate and timely financial reporting.
  • Monitor contract compliance and identify opportunities to leverage contract volume for cost savings.
• Operational Analysis and Process Improvement:
  • Conduct operational analysis to identify bottlenecks, inefficiencies, and areas for improvement within the supply chain.
  • Develop and implement process improvements to streamline workflows, reduce costs, and enhance service levels.
  • Create budgets for labor within operations and reporting to determine optimal labor targets and provide guidance where necessary.
  • Monitor and analyze key performance indicators (KPIs) to track the effectiveness of process improvements.
  • Utilize data analytics tools and techniques to identify trends, patterns, and insights that can inform decision-making.
• Inventory Management:
  • Oversee inventory management processes to ensure optimal inventory levels, minimize obsolescence, and reduce carrying costs.
  • Develop and implement inventory control procedures to maintain accurate inventory records and prevent loss or damage.
  • Analyze inventory data to identify opportunities for improvement in inventory planning and forecasting.
• Compliance and Internal Controls:
  • Ensure compliance with all relevant financial regulations and internal controls.
  • Develop and maintain documentation of supply chain processes and procedures.
  • Conduct internal audits to assess compliance with policies and procedures.
• Team Leadership and Development:
  • Provide leadership and guidance to a team of financial analysts and operational specialists.
  • Coach and mentor team members to develop their skills and expertise.
  • Foster a collaborative and high-performing team environment.
• Remote eligible.

The job summary and responsibilities listed above are designed to indicate the general nature of the work performed within this job. They are not designed to contain or be interpreted as a comprehensive inventory of all job responsibilities required of employees assigned to this job. Employees may be required to perform other duties as assigned.

• Education: Bachelors degree required. Masters, Master of Business Administration preferred.
• Experience:
• Minimum of 4-6 years of progressive experience in finance and operations, with a focus on supply chain management.
• Experience in the healthcare industry is strongly preferred.
• Experience in operational finance roles (i.e. hospital CFO, Controller) strongly preferred.
• Proven track record of driving process improvements and achieving measurable results.
• Experience managing a team of financial analysts or operational specialists.
• Skills:
• Strong understanding of financial principles, accounting practices, and budgeting processes.
• Proficiency in data analysis tools and techniques, including Excel, SQL, and data visualization software (e.g., Tableau, Looker, Power BI).
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work effectively in a fast-paced, dynamic environment.
• Knowledge of supply chain management principles and best practices.
• Experience with ERP systems (e.g., SAP, Oracle, Workday) is a plus.
• Knowledge of healthcare regulations and compliance requirements.

Competencies:

• Financial Acumen: Understands financial principles and practices, and uses financial data to make informed decisions.
• Analytical Thinking: Analyzes complex data and information to identify trends, patterns, and insights.
• Problem Solving: Identifies and resolves problems effectively and efficiently.
• Process Improvement: Identifies and implements process improvements to streamline workflows and reduce costs.
• Communication: Communicates effectively both verbally and in writing.
• Leadership: Provides leadership and guidance to a team of financial analysts and operational specialists.
• Collaboration: Works effectively with cross-functional teams to achieve common goals.
• Results Orientation: Focuses on achieving measurable results and driving continuous improvement.

Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nation’s largest nonprofit Catholic healthcare organizations, CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2,300 clinics, care sites and 137 hospital-based locations, in addition to its home-based services and virtual care offerings. CommonSpirit has more than 157,000 employees, 45,000 nurses and 25,000 physicians and advanced practice providers across 24 states and contributes more than $4.2 billion annually in charity care, community benefits and unreimbursed government programs. Together with our patients, physicians, partners, and communities, we are creating a more just, equitable, and innovative healthcare delivery system.