Senior Business Analyst, Finance

Southlake Health Community • Newmarket, ON

2d • Hybrid

About The Position

The Senior Business Analyst is part of a team of accounting professionals providing financial and statistical/utilization information, analysis, and strategic problem-solving to departments/programs throughout the hospital. The successful candidate will have strong accounting and analysis experience, working collaboratively within the Finance department, delivering consistent, accurate, and timely information while providing excellent customer service to all internal and external stakeholders.

Requirements

• University degree in accounting, economics, business administration or equivalent
• Professional accounting designation (CPA, CA, CMA, CGA)
• Minimum 5 years financial/clinical analysis experience, including accounting, reporting, budgeting, variance analysis and business case development (healthcare preferred)
• Self-directed, action-oriented and highly motivated, an adept team player
• Knowledge and experience of Health System Funding Reform (HSFR), such as Health-Based Allocation Model (HBAM)I, Quality-Based Procedures (QBP) and Patient-Based Funding
• Experience of Ministry of Health reporting and Post Construction Operating Plans (PCOP) or demonstrated knowledge and experience in a relatable industry/environment
• Proven ability to interpret, summarize and communicate complex financial and statistical data to stakeholders throughout the organization
• Experience using multiple data sources (financial, statistical, case costing, CIHI databases, Ministry data, etc.) to develop and prepare complex analysis
• Able to influence clients of the Finance Department through sound business cases and other data-driven evidence to support efficiency improvement and revenue generation initiatives
• Well-developed analytical, problem-solving and organization skills to meet conflicting priorities/deadlines
• Advanced proficiency in MS Office products, especially MS Excel
• Sound organizational and planning skills, with the ability to multitask and meet conflicting deadlines, are essential
• Excellent interpersonal and customer service skills
• Demonstrated commitment to personal growth and development
• Prior experience in a major Enterprise Resource Planning (ERP) system or a health care financial module (i.e., Meditech) and Business Intelligence software
• Demonstrated good attendance and performance records with the ability to maintain these same standards.
• Demonstrated excellence in communication, both written and verbal
• Demonstrated analytical and problem assessment skills
• Demonstrated commitment to customer service and teamwork
• Demonstrated individual leadership skills
• Demonstrates understanding and complies with patient and staff safety policies and procedures that foster a safe and inclusive environment for all.
• Commitment to providing an exceptional experience for staff and clients within a challenging and exciting health care environment.
• Regular and reliable attendance is an expected requirement of this position.
• Must be able to perform all necessary bona fide duties for the position, as outlined in the position guide.
• Must review and be capable of performing duties as outlined in the Job Demands Analysis for the position as a condition of offer.
• Proven ability to attend work regularly as per the Attendance Support Policy.

Nice To Haves

• healthcare preferred

Responsibilities

• Liaise with all relevant stakeholders to ensure timely, accurate financial and statistical reporting and adherence to monthly/quarterly and year-end timetables
• Perform analyses of financial and statistical data relative to the budget and prepare reports and/or commentary highlighting findings
• Assist with process re-engineering, designing and implementing internal controls
• Develop customized reports and visually impactful presentations for various stakeholders, including monthly financial results presentations, reports on key performance indicators, etc.
• Apply Generally Accepted Accounting Principles (GAAP)/Public Sector Accounting Standards and Management of Information Systems (MIS) standards/OHRS to recommend appropriate accounting entries for the accurate recording of monthly financial results
• Conduct short-term and long-term financial and operations planning and modelling
• Lead the communication to articulate complex financial issues to a broad audience and fulfill ad hoc requests made by stakeholders, and provide support in the interpretation and understanding of financial information
• Provide financial support to assigned programs /departments as the Finance Business Partner
• Regular monthly analysis of budget, utilization variances (e.g. financial results to the Board of Directors)
• Influence the Portfolio management to determine priorities for new programs, ventures, projects and investments
• Optimize revenue streams and enable growth while ensuring appropriate financial management and controls
• Establish Portfolio finance goals and objectives, developing short and long-term plans, while monitoring and evaluating the progress in achieving these plans
• Investigate variances to facilitate the attainment of a clear understanding of business activities and develop trend analysis to support conclusions, including benchmarking analysis
• Assist and educate Directors/Managers in understanding financial reports/ concepts
• Strategic problem solving for both clinical and non-clinical programs throughout the organization
• Work with programs to develop annual operating plans and budgets (including identification of opportunities to improve financial performance and efficiencies)
• Be highly involved during annual capital budget processes to ensure comprehensive integration of both operating and capital impact in budgets
• Provide lead role during quarterly forecasting process to capture any emerging trends, cost saving strategies to project budget surplus/ deficit, provide management with analytical trending data and develop an effective method of tracking identify initiatives
• Prepare and submit key Ministry financial and statistical documents related to any specific programs
• Coordinate, plan and submit timely Ministry of Health and Long Term Care reports such as HAPs, CAPs, SRI and other ad-hoc Ministry and OH submissions

Benefits

• Progressive health and dental benefit plans
• HOOPP pension plan with employer and employee premium sharing
• Enhanced wellness initiatives, including virtual fitness classes and on-site gym memberships

What This Job Offers

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