Sr. Analyst - System Finance

Overview

POSITION SUMMARY:

Reporting to the Director, System Finance & Special Projects, the Sr. Analyst of System Finance plays a pivotal role in driving the hospital's financial planning, budgeting, and analysis efforts. This position involves close collaboration with department heads, finance team members, and senior leadership to deliver data-driven insights, facilitate informed decision-making, and safeguard the financial well-being of the organization.

Budget Planning and Development
:

• Under the review of the Manager of Financial Planning, lead the preparation and development of the annual budget and long-term financial plans for assigned areas.
• Coordinate with department heads to gather and analyze budgetary data information.
• Review and analyze budgetary submissions from Managers and Directors.
• Provide training and support to assigned areas during the budgeting process.
• Develop complex budgetary analysis as directed by the Manager of Financial Planning.
• Analyze historical financial data and trends to support budget submissions.

Monthly Financial Analysis and Reporting
:

• Perform variance analysis to compare actual financial outcomes with budgeted figures and provide explanations for deviations.
• Provide guidance and support to departments regarding budget management and financial planning.
• Lead complex financial analyses, including detailed variance analysis and trend forecasting.
• Prepare regular financial dashboards for management, highlighting key performance indicators and financial metrics.
• Evaluate financial data to identify potential areas for cost reduction and efficiency improvements.
• Provide recommendations based on financial analysis to support decision-making.

Stakeholder Communication
:

• Serve as a liaison between the finance department and other departments.
• Communicate budgetary and financial information to non-financial stakeholders in an understandable manner.
• Address and resolve budget-related inquiries and issues.

Project Management
:

• Lead and participate in special financial projects and initiatives as needed.
• Coordinate cross-functional teams to achieve project goals within budget and timeline constraints.
• Assist in developing and enforcing financial policies and procedures.
• Ensure financial processes and reporting comply with organizational policies

Leadership and Mentoring
:

• Identify areas for improvement in financial processes and systems, and recommend enhancements to increase efficiency and accuracy.
• Lead cross-functional teams on financial projects and initiatives, fostering collaboration and ensuring project success.

(The above statements in this job description are intended to depict the general nature and level of work assigned to the employee(s) in this job. The above is not intended to represent an exhaustive list of accountable duties and responsibilities required).

EDUCATION:

Bachelor's Degree required, with preference for degree in Finance or Accounting.

CERTIFICATES, LICENSES, REGISTRATIONS

REQUIRED:

None required. CPA or Certified Healthcare Financial Professional preferred.

EXPERIENCE:

4-5 years of experience as a financial analyst, or an equivalent combination of education and experience.

• A solid understanding of accounting principles and financial statements (balance sheets, Normalized P&L income statements)
• Ability to extract and analyze large datasets to identify trends, patterns, and anomalies
• Proficiency in using advanced Excel functions and tools for financial analysis, such as pivot tables, vlookups and complex formulas.
• Ability to prepare and present financial analysis and reports
• Skilled in conducting variance analysis to identify discrepancies between actual and budgeted figures
• Understanding of healthcare-specific financial concepts an terminologies
• A solid understanding of main concepts of Hospital Financial Statements (volume, FTE, Supplies Expenses, etc.)
• Strong proficiency in PowerPoint and ability to develop presentations based on large set of data
• Effective in communicating financial concepts and analyses to non-financial stakeholders.
• Ability to analyze situations, think…