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Manager of Strategic Finance

Overview:  

The Strategic Finance team is looking to make its first Senior Associate/Manager hire to build the function from the ground up.  At its core, the responsibility of Strategic Finance is to help the organization and its leaders make good business decisions.  The role spans upstream strategy development (solving some of our most complex strategic challenges) to downstream implementation and reporting (ensuring we have the right metrics, reporting, and feed-back mechanisms in place to measure our performance and act accordingly).  The Strategic Finance Senior Associate/Manager will report to the VP of Strategy and Finance and collaborate closely with leaders across the organization, both in the corporate team and at our local clinics.

Key Responsibilities:

Company Strategy and Execution:

Strategic deep dives: Tackle our thorniest strategic questions from beginning to end including outlining an approach, conducting necessary research, and proposing + implementing new strategies.  Sample topics include: evaluating fit of other physician specialties with the Nira model, designing a clinician compensation plan, prioritizing new service lines, and selecting markets for M&A and De Novo activity

Implementation: Work with the relevant functional areas to translate strategies into actionable plans that drive change in the organization

Communications: Communicate our strategy and business performance to the Board, investors, leadership team, and local clinics

Financial Planning and Analysis:

Reporting: Develop, track, and report key metrics to give leadership visibility into the business; propose actions to improve performance

Budgeting: Build and implement a budgeting process for our individual clinics and overall company by working closely with stakeholders across the organization; investigate drivers of variance vs. budget and partner with business leaders to close the gap

Forecasting: Create rolling forecasts based on in-year performance and emerging trends; model out cash needs to inform the timing of our capital calls.  Ensure we always have financial ‘control’ of the business and understand how it is moving

Qualifications:

  • 2-5 years in banking, consulting, or a finance/FP&A role at a high-growth organization.  Bonus if experience in healthcare

  • Analytical mindset – you like breaking down complex problems into simple pieces to come to an actionable strategy.  Must be proficient in excel (and enjoy it!).  Bonus if experience in SQL, Business Intelligence, FP&A, and/or accounting tools

  • Impact oriented – you don’t stop at the simple numerical answer.  You translate from number to insight and from insight to action and work with others to get it done

  • Clear communicator – you are excited to work with stakeholders across the organization (Clinical, Operations, Pharmacy, Research) and build out a holistic understanding of the business

  • Scrappy – you can wade through complex data, find workarounds when the answer isn’t readily available, and are excited to get your hands dirty.  You like building and refining processes over time and seeing regular progress and improvement

Average salary estimate

$100000 / YEARLY (est.)
min
max
$80000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Manager of Strategic Finance, Nira Medical

Are you ready to make a significant impact in the world of finance? Nira is on the hunt for a fantastic Manager of Strategic Finance to join our team! This exciting role is perfect for someone who thrives in a dynamic environment where you'll have the chance to build the Strategic Finance function from the ground up. As the Manager of Strategic Finance, you'll be tackling complex strategic challenges, driving actionable insights, and ensuring our leadership team can make informed business decisions. You'll directly report to the VP of Strategy and Finance and collaborate with leaders across the organization, including our local clinics. Imagine diving into tough strategic questions like evaluating how different specialties fit within our model or designing innovative clinician compensation plans. You'll transform strategies into actionable plans that foster real change while producing insightful financial reports that the board and investors rely upon. If you're an analytical thinker with 2-5 years of experience in banking, consulting, or finance with a knack for building relationships and refining processes, then we want to hear from you! Come help us solidify our strategy, enhance our performance metrics, and ultimately contribute to meaningful advancements in healthcare finance.

Frequently Asked Questions (FAQs) for Manager of Strategic Finance Role at Nira Medical
What responsibilities does the Manager of Strategic Finance have at Nira?

The Manager of Strategic Finance at Nira is responsible for conducting strategic deep dives to tackle complex challenges, translating strategies into actionable plans, communicating performance metrics to stakeholders, and managing financial planning processes like budgeting and forecasting.

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What qualifications are needed for the Manager of Strategic Finance position at Nira?

To qualify for the Manager of Strategic Finance role at Nira, candidates should have 2-5 years of experience in banking, consulting, or finance/FP&A. Proficiency in Excel, strong analytical skills, and excellent communication capabilities are essential, especially in a healthcare context.

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What skills will help me succeed as a Manager of Strategic Finance at Nira?

Successful candidates for the Manager of Strategic Finance role at Nira will possess a strong analytical mindset, the ability to communicate complex insights clearly, and a scrappy approach to problem-solving, allowing them to navigate through complex data effectively.

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What types of strategic challenges will the Manager of Strategic Finance address at Nira?

As the Manager of Strategic Finance at Nira, you will engage with strategic challenges such as evaluating new physician specialties, designing compensation plans, prioritizing service lines, and identifying opportunities for growth and expansion in the marketplace.

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How does the Manager of Strategic Finance role interact with other departments at Nira?

The Manager of Strategic Finance at Nira will collaborate closely with various stakeholders across Clinical, Operations, Pharmacy, and Research teams, ensuring a holistic understanding of the overall business to drive success.

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Common Interview Questions for Manager of Strategic Finance
Can you walk me through your experience in financial planning and analysis relevant to the Manager of Strategic Finance role?

When discussing your experience, focus on specific projects where you produced impactful financial analyses, managed budgeting processes, or forecasted financial outcomes. Highlight how these experiences will aid you in modeling financial needs for Nira.

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How do you approach complex strategic problems in finance?

Explain your process for breaking down complex problems into manageable parts. You might discuss how you gather data, involve stakeholders, and use analytical tools to formulate actionable strategies that align with business goals.

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Describe a time you successfully implemented a new strategy at your previous job.

Share a specific example that details your role in the strategy's development, the steps taken to implement it, and the measurable results it achieved. This will illustrate your strategic thinking and execution skills.

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What metrics do you believe are key in assessing business performance?

Highlight your understanding of critical financial and operational metrics like revenue growth, profit margins, and customer acquisition costs. Discuss how you would track these metrics and use them to inform decision-making at Nira.

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How do you ensure clear communication with different stakeholders?

Emphasize the importance of tailoring your communication style based on your audience. Mention creating reports and presentations that provide clarity and focus on actionable insights to engage non-financial stakeholders.

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What technology tools do you find most valuable in financial analysis?

Discuss your proficiency in tools like Excel, SQL, and FP&A software. Share how you leverage these tools to analyze data, streamline processes, and enhance reporting accuracy for informed decision-making.

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What challenges do you anticipate in the Manager of Strategic Finance role, and how would you overcome them?

Identify potential challenges, such as data quality or aligning departments on strategic initiatives, and outline your proactive strategies for engaging stakeholders and implementing best practices to overcome them.

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How do you stay updated on industry trends in finance and healthcare?

Share your methods for remaining knowledgeable about industry shifts, such as reading finance blogs, participating in webinars, or networking with other professionals in the healthcare finance community.

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Can you describe a time you had to present financial findings to senior leadership?

Illustrate your experience by detailing the presentation's context, the findings shared, and the audience's reception. Highlight how you prepared to ensure clarity and engagement, reinforcing your communication skills.

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What is your approach to building effective financial models?

Talk about the key components you include in financial models, such as assumptions, scenarios, and flexibility for adjustments. Share how this approach ensures that models meet strategic needs and provide valuable insights for decision-making.

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EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
January 11, 2025

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