Financial Analyst II
Atlantic Health System•Morristown, NJ
•Onsite
About The Position
Atlantic Health is seeking a full-time Financial Analyst II for the Fiscal Services department at Morristown Medical Center. The Financial Analyst will play a critical role in analyzing and interpreting financial data, contributing to strategic decision-making, and ensuring the hospital's financial health. The ideal candidate is curious about numbers, data, business, and healthcare; an operations-based mindset is a plus. This role is a balance between financial analysis, business strategy, and implementation planning.
Requirements
- Curious about numbers, data, business, and healthcare
- Operations-based mindset is a plus
Responsibilities
- Collaborate with the CFO and Finance team to develop, monitor, and analyze financial performance metrics, budgets, and forecasts.
- Generate detailed financial reports, including monthly, quarterly, and annual financial statements, variance analyses, and trend reports.
- Conduct in-depth financial analysis to identify trends, outliers, and opportunities for cost savings or revenue enhancement.
- Assist in preparation of annual operating budget for the site. Work with the budget analyst and CFO in troubleshooting any issues.
- Work with the accounting team to facilitate month end close and variance reporting.
- Utilize HBI/HPM cost accounting system to provide contribution margin analysis reports to aid in strategic decision making.
- Assist in the development and evaluation of strategic financial plans, capital expenditure proposals, and business cases for new initiatives.
- Provide support in evaluating the financial impact of potential contracts, partnerships, and business development opportunities.
- Monitor and assess key performance indicators (KPIs) related to hospital operations, revenue generation, and expense management.
- Collaborate with department heads to gather and analyze financial data, ensuring accuracy and consistency across various departments.
- Contribute to the preparation of financial presentations for executive leadership and board meetings.
- Assist in the preparation of financial models and scenarios to support long-term financial planning and risk assessment.
- Participate in the annual budgeting process, providing insights and recommendations to align budget allocations with strategic goals.
- Stay informed about industry trends, regulations, and best practices in healthcare finance.
- Support ad-hoc financial projects and initiatives as directed by the CFO.
- Analyze the productivity metrics across MMC.
- Assist in implementation and completion of any external benchmarking engagement.
- Utilize external benchmarks to drive productivity across the system.
- Assist (as needed) with on-site productivity meetings with department leadership and staff.
- Other duties as assigned.
Benefits
- Medical, Dental, Vision, Prescription Coverage (22.5 hours per week or above for full-time and part-time team members)
- Life & AD&D Insurance.
- Short-Term and Long-Term Disability (with options to supplement)
- 403(b) Retirement Plan: Employer match, additional non-elective contribution
- PTO & Paid Sick Leave
- Tuition Assistance, Advancement & Academic Advising
- Parental, Adoption, Surrogacy Leave
- Backup and On-Site Childcare
- Well-Being Rewards
- Employee Assistance Program (EAP)
- Fertility Benefits, Healthy Pregnancy Program
- Flexible Spending & Commuter Accounts
- Pet, Home & Auto, Identity Theft and Legal Insurance
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
501-1,000 employees
