Financial Analyst 3 (H)

University of Miami•Miami, FL

About The Position

The Financial Analyst 3 examines organizational financial status by collecting, monitoring, and analyzing data, and prepares projections, reports, and presentations to support senior management decision-making. The role also establishes and enforces policies and procedures that advance departmental financial goals. In this department-specific position, the analyst provides financial analysis and management reporting; coordinates operating budgets, forecasts, reconciliations, and month-end closing; and reviews revenue cycle activity, including professional charges, collections, adjustments, denials, accounts receivable, CPT coding, and charge capture. The position reconciles clinical encounters and billing data, develops physician productivity reports and financial and operational dashboards, and conducts feasibility, cost-benefit, and return-on-investment analyses for clinical programs and other initiatives. The analyst also evaluates physician staffing and clinical capacity, reconciles financial and operational reports related to affiliation agreements, processes authorized transactions in Workday, and prepares quality, compliance, and physician activity reports. The role maintains accurate reporting databases, identifies process improvements, and collaborates with departmental leadership and institutional partners to resolve issues and support departmental initiatives. Other related duties may be assigned.

Requirements

Bachelor's degree in a relevant field.
Minimum 5 years of relevant experience.
Skill in collecting, organizing, and analyzing data.
Ability to recognize, analyze, and solve a variety of problems.
Ability to exercise sound judgment in making critical decisions.

Nice To Haves

Experience in financial analysis, budgeting, forecasting, and financial reporting within an academic medical center, healthcare system, physician practice, or comparable complex organization.
Experience with healthcare revenue cycle operations, including professional billing, charge capture, CPT coding review, collections, denials, and revenue reconciliation.
Working knowledge of physician productivity reporting, clinical encounter analysis, procedural volumes, and healthcare financial performance indicators.
Experience with Workday financial management functions, including purchasing, journal entries, expense processing, payroll costing allocations, and financial reporting.
Experience with Epic, including clinical reporting, encounter data, charge capture, or revenue cycle reporting.
Experience developing financial and operational dashboards using Power BI, Tableau, or comparable business intelligence tools.
Experience with financial feasibility studies, cost-benefit analysis, business planning, and return-on-investment assessments.
Advanced proficiency in Microsoft Excel, including pivot tables, complex formulas, data reconciliation, financial modeling, and analysis of large datasets.
Familiarity with physician affiliation agreements, professional services arrangements, and financial reconciliation processes.
Strong analytical, organizational, and problem-solving skills, with exceptional attention to detail, accuracy, and data integrity.
Ability to independently investigate discrepancies, validate financial information, prioritize competing deadlines, and produce accurate, timely work.
Strong written and verbal communication skills, including the ability to present financial and operational information clearly to leadership and nonfinancial stakeholders.
Ability to collaborate with physicians, administrators, institutional finance, revenue cycle teams, and other healthcare professionals.
Demonstrated initiative, accountability, adaptability, and commitment to continuous process improvement.

Responsibilities

Develop, prepare, and coordinate financial analysis documentation, including budgets, forecasts, projections, expense performance, and presentations.
Identify trends and developments in competitive environments and make recommendations to senior management.
Provide analytical evaluations for forward-looking financial or business-related projects.
Develop financial forecasts and reconcile accounts.
Review reports and ensure financial information is recorded accurately.
Compare results with plans and forecasts and recommend adjustments.
Train and oversee junior staff to support accuracy and efficiency.
Assist with developing and organizing department and project budgets.
Design and build models that compare scenarios involving growth, expansion, or other opportunities.
Develop performance and productivity dashboards, models, and analyses.
Determine product profitability and pricing and develop performance indicators for business segments and new product lines.
Research strategic initiatives.
Serve as a liaison to other departments, vendors, and external parties to complete assignments.
Provide financial analysis and management reporting to departmental leadership, including budget monitoring, projections, variance analysis, and recommendations.
Coordinate operating budget activities, including annual budget development, amendments, monthly reconciliations, forecasting, month-end closing, and identification of deviations from targets.
Reconcile departmental revenue cycle activity, investigate discrepancies, and coordinate resolution with institutional revenue cycle partners.
Review CPT coding and charge capture data to identify missing or inaccurate charges, documentation discrepancies, potential revenue leakage, and reimbursement variances; coordinate review and correction with physicians, coding professionals, and billing teams.
Reconcile clinical encounters, procedural activity, physician documentation, and billing data to monitor charge capture completeness, accuracy, and timeliness.
Develop and maintain physician productivity reports and dashboards covering clinical and financial performance indicators, revenue cycle, utilization, and operational efficiency.
Conduct feasibility studies, cost-benefit analyses, and return-on-investment assessments for clinical programs, equipment acquisitions, service-line expansion, and strategic initiatives.
Analyze physician staffing, clinical capacity, recruitment needs, and locum tenens utilization, including related costs and financial implications.
Prepare and reconcile reports for departmental affiliation agreements, including physician charges, collections, schedules, productivity, and forecasts.
Collaborate with HII, institutional finance, and revenue cycle partners to reconcile physician financial activity and ensure accurate revenue reporting.
Process and reconcile authorized departmental transactions in Workday, including journal entries, purchasing, invoices, expenses, payroll costing allocations, and payroll accounting adjustments.
Prepare and maintain quality, compliance, and physician activity reports, including open encounters, radiology report completion, turnaround times, credentialing case logs, and biannual OPPE reporting; monitor unassigned reports and coordinate follow-up.
Maintain, reconcile, and validate financial and operational databases and reporting systems.
Identify and implement improvements to reporting, revenue cycle reconciliation, workflows, data validation, and process efficiency through standardization and automation.
Collaborate with departmental leadership, faculty, clinical operations, institutional finance, revenue cycle, and other stakeholders to resolve issues, prepare analyses, and support initiatives.
Adhere to University and unit-level policies and procedures and safeguard University assets.
Perform other related duties as assigned.