Financial Analyst II OB-GYN (Hybrid)

POSITION SUMMARY:

The Financial Analyst provides analytical support to the cash management, capital and financing decisions made by the Department Chair, Directors, Management and the Finance Department. Assists in the development of the annual operating budget, prepares weekly and monthly statistical reports, and supports hospital department managers to ensure our short-term and long-term planning aligns with business strategies and forecasts.  Develops integrated revenue/expense analyses, projections, reports, and presentations. Creates and analyzes monthly, quarterly, and annual reports and ensures financial information has been recorded accurately. Communicates findings and makes recommendations to director or other team members as appropriate. Performs financial forecasting, reconciliation of internal accounts, and other financial administrative activities

Position: Financial Analyst II

Department: OBGYN

Schedule: Full Time

ESSENTIAL RESPONSIBILITIES / DUTIES:

The Financial Analyst’s primary job responsibilities, includes but not limited to the following:

• Serve as a key point of contact between finance, accounting, department and revenue cycle

• Financial Guidance - Provide financial guidance and coordination on major capital projects from concept to conclusion and implement processes to ensure ongoing financial reporting needs are met.

• Develop incremental financial impact statements for strategic programs

• Monitor and track actual results to projections.

• Prepares analyses, reports for presentation to key decision-makers i.e. senior management and Department chairs.

• Financial Planning and Administration - This position will play a key role in supporting all aspects of financial planning and administration

• Assist in preparing annual department budgets and current year re-forecasts

• Tracking of non-patient contractual arrangements, including generation of invoices; a collection of outstanding receivables; payment posting of receipts; monthly reporting of activity; etc.

• Reporting - Deliver timely, accurate financial information to Director, Chair, and Department Faculty.

• Provide in-depth analysis of monthly operating budget and operating performance

• Monthly preparation of faculty cFTE and productivity reports

• Reporting and data maintenance for compensation models

• Tracking and reporting on department grant accounts

• Comprehensive financial reporting for use by Finance and senior management group

• Analysis - Beyond reporting results, the Financial Analyst will provide insight and analysis as to what the results mean in the context of the organization’s objectives.

 Analysis requirements will include the following:

• Operating results – historical, current and pro-forma along with variance analysis

• Targeted expense analysis to develop an understanding of drivers and enhance planning process

• Performs other physician analytic duties as may be assigned from time to time

• Work with auditors during fiscal year end issues.

• Communicates in a clear and effective manner while considering varying perspectives on complex issues

• Serve as a lead operational and strategic business planning expert. Pulls tougher relevant subject experts depending upon project or analysis, such as implementing a new reports or new KPIs

• Lead cross-functional teams to drive positive financial results; self-directed and able to take initiative with minimal supervision

• Systems Support – The Financial Analyst will be also operate in Infor system and SAP payroll system.

• Maintain system ensure up-to-date and accurate information

• Ensure accurate data is pulled at month end to assist with close and request journal entries as needed

JOB REQUIREMENTS

EDUCATION:

Equal Opportunity Employer/Disabled/Veterans