Financial Analyst 3

University of Miami•Miami, FL

12d

About The Position

The Surgery department has an exciting opportunity for a full time Financial Analyst 3 (H) position. The incumbent examines financial status of the organization by collecting, monitoring, and studying data, and develops projections, reports, and presentations to assist senior managing staff in their financial decision-making process. Moreover, the incumbent establishes and enforces policies and procedures that further department’s financial goals and objectives.

Requirements

Bachelor’s degree in relevant field.
Minimum 5 years of relevant experience.

Responsibilities

Develops, prepares and coordinates documentation of financial analysis projects such as budgets, forecasts, projections, expense performance, and presentations.
Identifies trends and developments in competitive environments and makes recommendations to senior management.
Provides analytical evaluation for forward-looking financial or business-related projects.
Devises financial forecasting and reconciliation of accounts.
Reviews reports and ensures that financial information has been recorded accurately.
Compares results with plans and forecasts and makes recommendations for adjustments.
Trains and oversees junior staff members to ensure accuracy and efficiency in end work product.
Assists in the development and organization of department and project budgets.
Designs and builds various models that summarize several different scenarios around growth and expansion initiatives or opportunities.
Develops performance and productivity dashboards, models or analyses.
Determines profitability and pricing on product offerings and develops performance indicators to enable the analysis of business segments and new product lines.
Conducts research on different strategic initiatives.
Acts as liaison to other departments, vendors, and other external parties to complete assignments.
Adheres to University and unit-level policies and procedures and safeguards University assets.
Prepares and presents the annual operating budget
Monitor and control operational costs, identify cost-saving opportunities, and implement efficiency improvements
Participate in strategic planning initiatives, providing financial insights and projections to support growth, development, and potential practice acquisitions
Develop financial reports for clinic operations analysis and strategic growth feasibility
Maintain effective communication with internal and external stakeholders
Review and approve purchase orders, work orders, check requisitions, and consulting agreements
Assign Costing Allocations for all new and replacement positions, one-time payments, etc
Perform monthly financial analysis for assigned Divisions/Practices to assure accuracy of all accounts and determine the cause of any significant variances from the budget, report these variances to required stakeholders, and provide suggestions for correcting these variances
Prepare Journal Entries and Payroll Accounting adjustments as needed
Collaborate with the Central Finance team for the submission of monthly accruals as needed
Prepare monthly inter-departmental transfers for operating expenses
Assesses and identifies revenue opportunities and develops plans of action for improvement
Analyzes, facilitates, and executes maintenance of contracts for outside clinical services
Track expenses and revenues vs. budget and forecast and analyze fluctuations.
Assist in the budget & forecast process.
Evaluate profit and cost efficiencies in various areas of the organization as needed.
Actively participates in the completion of the annual cost report
Other duties as assigned