Salary range: The salary range for this position is CAD $80.94 - $121.40 / hour Why Fraser Health?:
Fraser Health is seeking a strategic and collaborative Executive Director, Financial Planning & Business Support to lead the organization's financial planning, budgeting, and business support functions across one of Canada's largest and most complex health care systems. Reporting to the Vice President, Finance and Chief Financial Officer, this role provides executive leadership for Fraser Health's multi-year financial planning, annual operating budget, economic forecasting, and financial reporting to the Senior Executive Team, Board of Directors, and Ministry of Health.
The Executive Director partners with operational leaders to align financial resources with strategic priorities, providing expert financial analysis, planning, and decision support across designated portfolios. Through leadership of a high-performing team, this role ensures sound financial stewardship, effective resource allocation, and integrated planning that supports sustainable, high-quality care.
BC’s health system is in the process of transformation. As part of the planned changes, certain IM/IT, Finance, and Supply Chain roles are expected to be in scope for transition to a new provincial shared services organization, BC Shared Health Services. Candidates applying to positions in these areas should be aware that, while the role is currently employed by the Health Authority, it may transition to BC Shared Health Services as part of the first or subsequent implementation phases. The intent of this transition is to support continuity of employment however, details regarding timing, process, and any impacts to employment arrangements will be confirmed as planning progresses. Providing this information at the recruitment stage is intended to ensure transparency about the broader system changes underway and to support informed decision-making by candidates.
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Detailed Overview:
Supporting the Vision, Values, Purpose and Commitments of Fraser Health including service delivery that is centered around patients/clients/residents and families:
In accordance with the established visions, values and strategy of the organization, the Executive Director of Financial Planning & Business Support is responsible for overseeing and leading the development, establishment and implementation of the fiscal, economic and business framework that supports Fraser Health’s (FH) corporate multi-year financial plans aligned to the strategic priorities, oversees the development of funding models and financial strategies, oversees the annual operating budgeting processes including setting budgeting guidelines, developing each portfolio’s annual and three year operating budget, forecasting and evaluating financial performance, as well as making strategic resource allocation and prioritization recommendations to the Executive Leadership Team and the Board. This role provides health authority-wide leadership in finance, including overseeing the financial performance of the organization, leading finance strategy and representing Fraser Health at regional and provincial tables to advance the health authority’s strategic priorities. One of the key priorities of this role is to ensure sufficient and adequate funding is allocated to operations to support the delivery of health care services organization-wide across the service region and all modes of care, which includes managing annual funding received from the Ministry of Health and other agencies.
The Executive Director provides strategic financial management leadership, oversight and direction to FH program executives. The Executive Director plans, implements and evaluates related physical, financial and human resources in support of the strategic and operational needs of FH, as well as informs the development of the strategies and goals to ensure the optimum delivery of appropriate financial services and realization of financial strategy of the organization. Represents FH and its interests in discussions and / or negotiations with governments, other external organizations and agencies. Develops and reports on key financial statistics including the development of the organization’s financial KPIs, evaluating funding from funding agencies, recommending resource allocation and providing other business advisory services. Manages key relationships with the Ministry of Health.
Provides guidance and expertise to the CFO on financial issues as they relate to the strategic direction of FH. Provides leadership within the Financial Planning and Business Support department to facilitate the achievement of the mission, goals and objectives of financial services.
Responsibilities:
Organizational:
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Develops and recommends to Executive Team and the Board for approval financial strategy of the organization, short and long-range financial goals and objectives for FH, aligned with the Strategic Plan and objectives of the organization.
- Leads, supports and develops a collaborative planning process with Clinical Leaders, Executive Leadership Team and organizational stakeholders, contributing to the strategic direction of the organization.
- Oversees design and implementation of policies, standards, guidelines and procedures that support the development of financial planning, budgeting, and reporting, forecasting and position control processes.
- Oversees implementation of operating budgets, including budget preparation, utilization, authorization control and reporting of expenditures ensuring the efficient utilization of the financial resources by FH within the objectives, plans and budgets approved by Executives and the Board.
- Oversees strategic maximization of allocated resources.
- Facilitates the understanding and interpretation of the financial impacts of strategic and operational decisions and priorities. Identifies emerging risks and opportunities, as well as financial and business risks that could potentially impact the organization and develops short-term tactics and long-term strategies to monitor and mitigate those risks.
- Maintains overall responsibility for the effective planning, management and internal control of the organization’s operational financial and activity budgets. Directs the preparation of effective financial plans, implementation of budgetary and forecasting practices, and monthly and annual budgeting processes.
- Leads in developing, maintaining and communicating organization-wide Financial Accountability Framework, Financial Strategic Plan and annual Financial Plan of the organization, and enabling policies, procedures and guidelines, to ensure efficient and effective fiscal responsibility and prudent use of the resources.
- Participates in strategic planning processes that have organization-wide impacts and require consultations with other health organizations, jurisdictions, Ministry and Senior Executives, including providing input and making recommendations to ensure that all relevant factors and risks are considered in the process.
- Works closely with Employee Experience on human resources strategies, ensuring alignment of strategic direction and assumptions, and consistency between financial and human resources models.
- Provides leadership to the financial literacy program in the organization, including developing and maintaining training, education and change management plans to embed financial literacy and financial management knowledge in all levels of the organization.
- Develops and maintains strong internal financial controls, including budget management, fraud prevention etc.
- Leads a diversified team of financial professionals. Oversees the maintenance of an integrated multi-site complex information system, including development of financial and reporting processes, procedures and controls.
- Provides leadership to all staff within the Department, coaches, trains and mentors the pipeline of leaders, and motivates staff towards the attainment of the goals of the Department and FH. Develops and recommends organizational structures to reflect the operational needs, the responsibility of each employee and an on-going system for measuring performance.
- Ensures the recruitment and professional development of employees within the Department including responsibility to oversee and as required, participates in the management of human resource matters for the Department.
- Plans and implements an effective quality improvement program and ensures a high level of customer satisfaction.
- Establishes effective administrative systems for maintaining, evaluating, and reporting on the operations of the Department including departmental activities and progress on objectives and projects.
Specific Functions:
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Oversees the analysis of the business environment and develops multi-year financial plans and forecasts. Leads FH’s multi-year business planning processes. Oversees preparation and consolidation of the annual budget and Business Plan for FH, and presents to Executive Team and the Board for approval.
- Supports CFO’s work with Finance Committee of the Board. Presents at the meetings of the Finance and Audit Committee and the Board, as required.
- Oversees the annual financial and statistics budgeting processes. Sets budgeting principles and practices. Leads portfolios in the development of their detailed annual operating budget ensuring consistency across the assumptions in the detailed budget and the overall high level FH budget. Develops communication strategy for approved budget targets to the senior Executives, Executive Directors and Directors.
- Oversees the team providing analysis, modeling and recommendations on budget management and cost pressure mitigation. Leads the department as they support management of the annual and three-year operating budget.
- Together with CFO, works with the Ministry of Health to identify sources of funds and recommends strategies and approaches to improve resource allocation decisions. Oversees funding reconciliation.
- Participates in Provincial working groups, committees and forums, alongside with Executive Directors from other health organizations.
- Liaises with the provincial government and represents FH on matters related to regional funding allocations, funding formula and issues related to capital funding.
- Provides portfolio performance monitoring, evaluation and forecasting analysis. Designs Executive Performance reports in support and alignment with strategic priorities.
- Designs and coordinates the integrated business reporting processes and oversees provision of accurate and timely reporting to internal and external stakeholders. Oversees preparation of the Executive Team, Board and Ministry of Health reporting.
- Oversees financial systems development, template design, process redesign, report development, appropriate documentation and education of budgeting & forecasting systems development, enhancement and implementation.
- Provides business consultation and strategic advice to Senior Executive Leadership and the Board.
- Sets customer service and performance standards for Financial Planning team.
- Actively seeks opportunities to innovate and fosters the culture of continuous improvement.
- Performs other related duties, as assigned.
Qualifications:
Education & Experience
Master’s Degree in Business Administration, Commerce, Finance or related discipline, a recognized professional accounting designation, fifteen (15) years of recent related financial accounting and management experience including financial planning, budgeting and financial planning forecasting in a large complex business environment, combined with progressively senior leadership experience.
COMPETENCIES:
Demonstrates the leadership practices of the Fraser Health Leadership Framework of Clear, Caring and Courageous and creates the conditions for people to succeed.
Professional/Technical Capabilities
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Demonstrated proficiency in accounting, financial planning and forecasting practices, generally accepted accounting principles (GAAP), financial and administrative management, and internal controls.
- Demonstrated ability and proven track record to lead, plan, direct, manage and implement change.
- Demonstrated proficiency in business administration including strategic and operational planning, monitoring, analytical, evaluation and reporting expertise in a public sector and/or large complex environment.
- Demonstrated ability to direct a variety of cyclical operational, budgeting and financial planning processes.
- Demonstrated ability to work independently and as a member of a team.
- Demonstrated ability to develop and maintain rapport with internal and external stakeholders.
- Demonstrated ability to function effectively in a highly dynamic environment with changing priorities.
- Demonstrated judgment and decision-making capabilities including the ability to manage priorities and deadline, and making decisions in the circumstances of uncertainty and ambiguity.
- Knowledge of or previous experience in healthcare is an asset.
- Physical ability to perform the duties of the position and maintain a hybrid in-office presence. Anticipated number of days in the office is 3-4 per week.
