About The Position

The Financial Analyst supports assigned service lines and/or hospitals, working with Administration and Finance leaders and interacting with all levels of management. The role provides financial analysis and recommendations that support organizational financial goals and the strategic plan. It is a non-management position that reports to a supervisor, manager, director, or executive. The analyst prepares monthly internal financial reviews and financial reports for Administration, including current-period performance, financial trends, variance analysis, and profit-and-loss analysis. The role develops the annual operating budget for volumes, revenue, FTEs, salaries, supplies, and other expenses in line with system profitability targets, and reviews budget inputs and spreads to minimize errors. The analyst partners with administrators, directors, and departmental leaders to identify issues affecting financial operations; monitors charge capture and reimbursement trends; analyzes biweekly productivity metrics to assess staffing levels; and supports special projects such as proformas, process-improvement initiatives, and strategic planning. Other duties may be assigned.

Requirements

  • Bachelor's degree in Finance, Business, Accounting, or a related field of study.
  • Three years of finance, accounting, or related experience.
  • Ability to work with minimum supervision and prioritize workloads to meet deadlines.
  • Ability to critically review information and complete assignments with high accuracy.
  • Proficiency in MS Word, Excel, and PowerPoint.

Nice To Haves

  • CPA preferred.
  • A bachelor's degree in a discipline other than Finance, Business, or Accounting may be considered if the candidate has an MBA, MHA, or CPA.

Responsibilities

  • Prepare the monthly Internal Financial Review.
  • Prepare monthly financials for Administration, including current-period performance, financial trends, variance analysis, and P&L analysis.
  • Develop the annual operating budget, including volumes, revenue, FTEs, salary, supplies, and other expenses, in accordance with system profitability targets.
  • Review and monitor budget inputs and spreads to minimize budget errors.
  • Work with administrators, directors, and departmental leadership to provide financial support and identify issues affecting departmental financial operations.
  • Monitor charge capture and analyze reimbursement trends to assess their impact on net collections and identify causes of variances.
  • Analyze biweekly productivity metrics to ensure staffing levels are appropriate.
  • Partner with leadership on special projects, including proformas, process-improvement initiatives, and strategic planning.
  • Perform other duties as assigned.
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