Senior Financial Analyst - Department of Medicine

Albany Medical Center • Albany, NY

7d

About The Position

The Senior Financial Analyst is responsible for financial planning, analysis, forecasting, and reporting activities. This role analyzes financial data, identifies trends, and provides recommendations to support strategic business decisions. This individual would assist the Department Chair and Administrator with tracking and forecasting of operational cost centers as well as discretionary funds. The Senior Financial Analyst works closely with the Department of Medicine leadership team to improve financial performance and operational efficiency. Key Responsibilities Financial Planning & Analysis funds The Senior Financial Analyst works closely with the Department of Medicine leadership team to improve financial performance and operational efficiency Develop and maintain financial models to support business planning and forecasting. Assist with preparation of annual budgets, quarterly forecasts, and long-term financial plans. Analyze financial results and variances compared to budgets and forecasts. Review CME requests to determine appropriate funding sources Review endowment cost centers within the Department of Medicine .and provide monthly reports showing end of year forecast. Financial Reporting Prepare monthly, quarterly, and annual financial reports of actual performance compared to budget to include: RVU tracking Charges High dollar expense tracking compared to charges Endowments Donations Research cost centers Review and prepare quarterly provider incentives. Present financial insights and recommendations to leadership. Ensure financial data accuracy and consistency. Data Analysis Analyze revenue, costs, profitability, and financial trends. Identify opportunities to improve efficiency and reduce costs. Provide actionable insights based on financial data. Cross-Functional Collaboration Partner with department leadership such as Chair, Administrator, Practice Managers, Practice Coordinators, Nursing Supervisors, and Division Chiefs to support critical decision-making. Collaborate with finance staff, sponsored programs, and the Office of Research Affairs. Process Improvement Improve financial reporting processes and tools. Implement best practices in financial analysis and planning.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or related field is required
• Minimum of 5 years of experience in financial analysis or corporate finance
• Strong financial modeling and analytical skills
• Advanced Microsoft Excel skills
• Strong communication and presentation skills
• Financial modeling
• Budgeting & forecasting
• Data analysis
• Business strategy
• Communication & presentation
• Problem-solving

Responsibilities

• Financial Planning & Analysis funds
• Develop and maintain financial models to support business planning and forecasting.
• Assist with preparation of annual budgets, quarterly forecasts, and long-term financial plans.
• Analyze financial results and variances compared to budgets and forecasts.
• Review CME requests to determine appropriate funding sources
• Review endowment cost centers within the Department of Medicine .and provide monthly reports showing end of year forecast.
• Prepare monthly, quarterly, and annual financial reports of actual performance compared to budget to include: RVU tracking Charges High dollar expense tracking compared to charges Endowments Donations Research cost centers
• Review and prepare quarterly provider incentives.
• Present financial insights and recommendations to leadership.
• Ensure financial data accuracy and consistency.
• Analyze revenue, costs, profitability, and financial trends.
• Identify opportunities to improve efficiency and reduce costs.
• Provide actionable insights based on financial data.
• Partner with department leadership such as Chair, Administrator, Practice Managers, Practice Coordinators, Nursing Supervisors, and Division Chiefs to support critical decision-making.
• Collaborate with finance staff, sponsored programs, and the Office of Research Affairs.
• Improve financial reporting processes and tools.
• Implement best practices in financial analysis and planning.

Benefits

• Excellent health care coverage with no copay at Albany Medical Center providers
• A wide array of services and programs to support emotional, physical, and mental wellbeing

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees