Financial Analyst

Overview

Come lead with us at Houston Methodist Clear Lake Hospital

At Houston Methodist, the Financial Analyst position is responsible for maintaining and analyzing data related to the financial performance of the assigned entity, hospital(s), and/or contractual relationship. The Analyst is also responsible for compiling and reporting information as requested by Financial Accounting, Internal Audit, Revenue Cycle, their department, and entity management. Responsible for the routine analysis of data, and monthly reporting.

The Financial Analyst highlights performance issues, identifies problems and researches solutions. Reports statistical information in graphical and other presentation formats. Other responsibilities may include the assistance with annual operating budgets and maintenance of monthly dashboards of key indicators and external benchmarks.

• Education
  Bachelor’s degree in finance, accounting, healthcare administration, business administration or related field

• Experience
  One year experience of financial, budget or cost accounting preferred

• Skills and Abilities
  • Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations.
  • Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security.
  • Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles.
  • Analytical thinking and creative problem solving and ability to define a variety of approaches to business problems
  • Understanding of business process analysis, system requirements, data modeling and functional design
  • Project Management skills

• Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance.
• Effectively and proactively communicates with all stakeholders to resolve issues and discrepancies in a timely manner and ensures their accurate understanding of the analytics.

• Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports.
• Supports department management with preparation of the annual operating and capital budget. Submits invoices and follows-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as assigned.

• Reviews revenue projections, budget revisions, etc., for physician practice, academic department or assigned hospital entity and department(s).
• Monitors and reports key system operational indicators and alerts leadership potential performance issues.
• Follows all internal audit requirements for appropriate system applications.
• Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities.

• Performs one or more of the following:
• Supports the development of auditing, reporting and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance and contract performance as well as modeling and analysis of potential opportunities.
• Maintains monthly dashboard of key indicators and external benchmarks as defined by management. Prepares and maintains revenue models. Compiles information needed for organization profit and loss statement as required.
• Reviews contracts/calculates provider productivity bonuses/compensation models as appropriate.
• Assists in preparation of gift, grant and contract budget proposals as needed. Assists in the oversight of department’s financial files for all…