Senior Director, Budget

Fred Hutchinson Cancer Center is an independent, nonprofit organization providing adult cancer treatment and groundbreaking research focused on cancer and infectious diseases. Based in Seattle, Fred Hutch is the only National Cancer Institute-designated cancer center in Washington.

 

With a track record of global leadership in bone marrow transplantation, HIV/AIDS prevention, immunotherapy and COVID-19 vaccines, Fred Hutch has earned a reputation as one of the world’s leading cancer, infectious disease and biomedical research centers. Fred Hutch operates eight clinical care sites that provide medical oncology, infusion, radiation, proton therapy and related services, and network affiliations with hospitals in five states. Together, our fully integrated research and clinical care teams seek to discover new cures to the world’s deadliest diseases and make life beyond cancer a reality.

 

At Fred Hutch we value collaboration, compassion, determination, excellence, innovation, integrity and respect. Our mission is directly tied to the humanity, dignity and inherent value of each employee, patient, community member and supporter. Our commitment to learning across our differences and similarities make us stronger. We seek employees who bring different and innovative ways of seeing the world and solving problems.

 

The Senior Director, Budget is a key leadership position at Fred Hutchinson Cancer Center, responsible for overseeing the management and strategic coordination of the organization’s budgeting processes. This role will be charged with ensuring the timely preparation and accuracy of the clinical, research, and consolidated budgets, while leading key meetings with C-suite leaders (particularly COO, CFO, CMO, CCOO), mission-area leaders (SVPs) and administrative-area leaders (VPs). The Senior Director will work closely with the CFO and COO to establish and track budgetary targets, ensuring that fiscal goals are met and that resources are allocated effectively across all areas of the center.

 

The Senior Director, Budget will lead the ongoing improvement and optimization of budget processes, helping to guide and support staff in the preparation and analysis of the budgets. In addition, the individual will lead the financial planning and reporting efforts, ensuring alignment with the overall strategic goals and mission of the organization.

 

The Senior Director, Budget will play a lead role – in partnership with clinical and research leaders, HR, and external consultants – in developing, assessing, and implementing faculty compensation models and business development and partnership opportunities for Fred Hutch.

Budget Development & Management:

• Lead and oversee the annual budget process for clinical, research, and administrative areas. Propose and implement modifications to the budget processes as appropriate.
• With the CFO and COO, direct the development of financial targets and assumptions to be used in the annual budget process in collaboration with medical and operational leaders, peers and colleagues across Fred Hutch and UW Medical Center and other partners.
• Collaborate with executive leadership during the budget process to help the institution meet financial targets in the short and long-term.
• Ensure timely and accurate preparation of all departmental and consolidated budgets in alignment with Fred Hutchinson Cancer Center's strategic and financial goals.
• Support budget owners and staff in developing, revising, and finalizing budget plans, providing guidance and best practices for budget creation.

Cross-Departmental Leadership & Collaboration:

• Lead cross-functional teams and facilitate meetings with C-suite, department heads, VPs, and other senior leaders to review, refine, and finalize budget plans.
• Serve as the primary point of contact for budget-related matters, providing expertise and guidance to department leaders, financial analysts, and other stakeholders.
• Drive collaboration between departments to ensure consistency and accuracy across all budget areas and to address any discrepancies or issues that arise.

Financial Analysis & Reporting:

• Develop and maintain financial models, reports, and analyses to support budget preparation and tracking.
• Ensure budgets are tracked throughout the fiscal year, providing timely updates on budget variances and assisting departments in identifying corrective actions where needed.
• Model and monitor the performance of faculty compensation models.
• Analyze historical financial data to forecast future budgets, providing recommendations for improvements or adjustments.

Strategic Budget Planning:

• Work closely with senior leadership (CFO, COO, CSO) to ensure that budgets align with long-term strategic goals, mission objectives, and institutional priorities.
• Contribute to the development of long-range financial plans and support strategic initiatives with financial expertise.
• Scan the healthcare and business environments to anticipate and understand healthcare industry and payment trends. Translates trends with quantifiable impacts on the budget and performance of Fred Hutch.
• Interpret potential changes in government policy that have healthcare payment implications. Conduct analysis to understand impacts to the Fred Hutch. Educate leadership on expected changes.

Process Improvement & Efficiency:

• Continuously evaluate and improve budgeting processes, tools, and templates to enhance accuracy, efficiency, and ease of use.
• Identify opportunities for automation and technology implementation to streamline budget preparation and monitoring.

Team Leadership & Development:

• Lead, mentor, and develop as appropriate, budget analysts and financial staff, fostering a collaborative, growth-oriented, and high-performance environment.
• Provide training and support to staff on budget development best practices, financial tools, and relevant software.

Compliance & Best Practices:

• Ensure all budget activities comply with institutional policies, as well as applicable legal and regulatory requirements.
• Stay informed about industry best practices and financial trends, ensuring that the organization's budgeting practices reflect current standards and methodologies.

Other:

• Other duties as assigned.

MINIMUM QUALIFICATIONS:

• Bachelor’s degree in business, finance, accounting, or similarly related field.
• Minimum 12 years of progressively responsible and demonstrably successful work experience on institutional budgets in an academic health care environment.
• Minimum 5 years of experience in a leadership capacity.
• Experience managing a complex, multi-organizational budget process, in an academic or academic health care environment.

PREFERRED QUALIFICATIONS: 

• Master’s degree in a related field. 
• A solid foundation of financial, strategic and quantitative analytic skills.
• Ability in establishing and communicating budget targets and working with operational units to insure that submitted and approved budgets meet targets and reflect organizational goals.
• Ability to construct institutional operating and capital budgets for clinical and research lines of business.
• Ability to manage teams and collaborate internally and externally. 
• Ability to prepare and communicate compelling, high impact presentations for senior organizational leaders and other strategic and functional stakeholders and business partners.  
• Ability to identify and resolve or explain inconsistencies in financial analysis and data.
• Well-developed interpersonal communication skills. 
• Familiarity with Axios and Hyperion modeling tools.

May require after hours work, particularly as the budgets are closed and prepared for trustee review.

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The annual base salary range for this position is from $178,006 to $296,629, and pay offered will be based on experience and qualifications.  This position may be eligible for a sign-on bonus.

Fred Hutchinson Cancer Center offers employees a comprehensive benefits package designed to enhance health, well-being, and financial security. Benefits include medical/vision, dental, flexible spending accounts, life, disability, retirement, family life support, employee assistance program, onsite health clinic, tuition reimbursement, paid vacation (12-22 days per year), paid sick leave (12-25 days per year), paid holidays (13 days per year), paid parental leave (up to 4 weeks), and partially paid sabbatical leave (up to 6 months). 

We are proud to be an Equal Employment Opportunity (EEO) and Vietnam Era Veterans Readjustment Assistance Act (VEVRAA) Employer. We do not discriminate on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability (physical or mental), marital or veteran status, genetic information, sexual orientation, gender identity, political ideology, or membership in any other legally protected class. We desire priority referrals of protected veterans. If due to a disability you need assistance/and or a reasonable accommodation during the application or recruiting process, please send a request to Human Resources at hrops@fredhutch.org or by calling 206-667-4700.