Accountable to the Senior Vice President, FP&A, this role advances Novant Health’s strategic goals and objectives, including growth, expansion, diversification, and new capability development, by supporting M&A, Strategic Investments, and Financial Planning, Analysis, and Reporting on behalf of NHE. The VP, whose activities compliment and align with Novant Health and NHE’s broader corporate development strategies and objectives, influences and supports the development of NHE’s strategic priorities and works closely with Novant Health and NHE leadership to assemble, develop, and retain the appropriate resources to execute on the company’s strategic plans.
The VP is responsible for supporting NHE’s inorganic growth strategy, including identifying, evaluating, and executing mergers, acquisitions, other forms of business combinations, divestitures, and strategic investments. Additionally, the VP is responsible for supporting NHE’s Financial Planning, Analysis, and Reporting activities, including budgeting, forecasting, performance monitoring, financial reporting, portfolio and risk management, managing NHE’s utilization of Novant Health’s corporate shared services, and initiatives to expand NHE’s capital capacity.
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At Novant Health, one of our core values is diversity and inclusion. By engaging the strengths and talents of each team member, we ensure a strong organization capable of providing remarkable healthcare to our patients, families and communities. Therefore, we invite applicants from all group dynamics to apply to our exciting career opportunities.
Essential Functions
Accountable to the SVP of FP&A and other senior leaders serving as a strategic thought partner to ensure successful execution of growth initiatives that advance the organization’s strategic objectives
M&A
Support all phases of the transaction process, including target identification, evaluation, and execution
Implement or refine, as the case may be, processes and best practices to enhance the organization’s programmatic M&A capabilities, prioritizing effectiveness, speed, and scalability
Monitor pipeline of M&A opportunities and cultivate network of external advisors, investment partners, and capital providers
Partner with internal stakeholders to align M&A pipeline and priorities with the organization’s strategies, opportunities, capability gaps, and vulnerabilities, and leverage internal subject matter expertise for business and operational
due diligence and synergy assessment
Support pre- and post-closing transition planning / coordination
Clear and concise communication of the transaction’s strategic rationale, benefits, risks, and considerations, as well as the underlying quantitative analysis, to NHE Senior Leadership
Manages confidential and strategic projects/initiatives that are of time-sensitive importance.
Drives results on strategic initiatives and special projects that reinforce the organization’s mission, vision, values, and strategic priorities
Ability to think upstream and downstream in an effort to optimize the bigger strategic picture
Novant Health Ventures & Other Strategic Investments
Support all phases of the investment process, including thesis development, deal sourcing, evaluation, and execution
Responsible for monitoring company-specific and portfolio performance and escalating issues to NHE or Novant Health leaders as necessary
Partner with internal stakeholders to cultivate relationships with prospective investment targets, leverage internal subject matter expertise for business and operational due diligence and synergy assessment, and support operational implementation, if applicable
Continued development of investment theses, informed by Novant Health’s competitive advantages, NHE’s strategic growth objectives, general industry developments and recent technological advancements, and rigorous underlying market analysis
Implement or refine, as the case may be, processes and best practices to enhance NHV’s capabilities, brand awareness, and competitive market position
Serve as a Novant Health ambassador when building relationships with prospective investment and operating partners
Clear and concise communication of an investment’s strategic rationale, benefits, risks, and considerations, as well as the underlying quantitative analysis, to the Novant Health Ventures Investment Committee
NHE Financial Planning, Analysis, & Reporting
Lead financial analyses in support of NHE growth initiatives
Support NHE’s budgeting, forecasting, performance monitoring, financial reporting, and risk management processes, in partnership with NHE leaders and Novant Health’s Finance Department
Implement or refine, as the case may be, best practices, processes, and/or tools to enhance the precision, rigor, and utility of the forecasting, budgeting, monitoring, and reporting functions
Support NHE forecast processes, resulting in increased visibility and a clearer understanding of business trends and outlooks
Partner with Novant Health finance and accounting teams, as needed, during the monthly- and year-end close process
Support the management of shared services financial accounting between Novant Health and NHE
Team Leadership and Development
Responsible for hiring, training, and leading direct report team members that support the execution of projects and initiatives
Assist in the continuous development of a high-performing, purpose-built team comprised of individuals who bring new perspectives, capabilities, and diverse experiences
Mentor, train, develop and oversee members of the team
Thinks out of the box and shows imagination through creative solutions
Displays interest and willingness to try new things; takes risks
Consistently reviews processes, looking for improvement opportunities; adopts new knowledge appropriate to the situation
Advocates a spirit of continuous learning