Decision Support Cost Analyst, Surgical Services (Full-Time, M-F 8A-5P)

Washington Regional Medical System • Fayetteville, AR

15h • Onsite

About The Position

The role of the Decision Support Cost Analyst reports to the Vice President of Surgical Services, in partnership with the accounting decision support team. This position is responsible for overseeing all aspects related to finance and budget within the surgical services departments. This position is responsible for analyzing and interpreting financial data to provide insights and recommendations as it relates to surgical services and the viability of the services the system offers. This position will be primarily focused on identifying cost-saving opportunities and supporting informed decision-making through detailed cost analysis and reporting, often utilizing sophisticated data tools and techniques across various business operations. This position will collaborate within surgical services leadership team to develop and implement necessary changes to policies, procedures, and education to ensure financial metrics are managed effectively.

Requirements

• Proficient in data analysis techniques, statistical modeling, and financial modeling
• Deep understanding of cost accounting principles, budgeting, and financial reporting.
• Ability to interpret business operations and translate complex data into actionable insights.
• Proficient in data visualization tools, advanced Excel functions, and data management systems.
• Excellent written and verbal communication skills to effectively present to key stakeholders and team members.
• Bachelor’s degree in accounting, finance, economics or other related field.
• Previous experience in cost analysis, financial planning, or business intelligence roles.
• Knowledge of specific industry cost drivers and operational processes.
• Proven track record in identifying and implementing cost-saving initiatives.

Responsibilities

• Develop and maintain cost models to accurately calculate the cost of products, services, and operations, including direct and indirect expenses.
• Maintain and manage contract services for surgical services departments, analyzing potential cost-savings through contract negotiations and bidding process.
• Collect and analyze large datasets from various sources, including financial systems and operational data, to identify trends, cost drivers, and areas of improvement.
• Prepare comprehensive cost analysis reports, dashboards, and presentations for senior management, highlighting key insights and actionable recommendations.
• Assist in developing and managing budgets, forecasting future costs, and identifying potential variances.
• Identify and implement cost-reduction initiatives by analyzing operational processes and recommending improvements.
• Partner and collaborate with cross-functional teams across departments to gather information to better understand the business needs and communicate findings through analytics.
• Track and monitor the effectiveness of cost-saving initiatives and adjust as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level