Financial Analyst - Department of Surgery

Financial Analyst - Department of Surgery

University of Iowa Health Care is seeking a Financial Analyst for the Department of Surgery to independently perform a broad range of complex accounting and financial analysis responsibilities to assure accurate, effective, and compliant organizational/department/unit operations.

• Prepare salary, fringe, and expense projections for all Department of Surgery divisions as well as quarterly forecasts for the Department.
• Assist with and support development of annual operating budget. Assist with data entry into Strata Jazz system.
• Monitor and review monthly budget-to-actuals and provide reports to DAO and Assistant DAO.
• Prepare forecast of monthly income statements and review with finance team.
• Set up and monitor salary splits for the department on all open accounts. Process payCVs and HR change of statuses as necessary.
• Collaborate with finance team to balance accounts, calculate accruals, close accounts, review malpractice reports, and work on divisional budgets and forecasts.
• Assist as needed with development of grant budgets, oversee expenditures for grants, contracts, subawards and gifts for the Department while upholding UI and sponsor policies and procedures.
• Assist as needed with completion of grant closeouts in conjunction with Grant Accounting Office (GAO) and external sponsors.
• Assist with post-award financial management including review of budget vs. actual expenditures. Provide monthly reports to PIs, DAO and DEO regarding research funding.
• Conduct monthly review of general ledger.
• Generate divisional income statements, provide notes on inconsistencies, and offer recommendations.
• Generate monthly individual provider level and division level profit/loss statements.
• Generate division level effort reports.
• Review monthly funds flow reports and transactions. At the Department level, prepare and complete entries assigning funds flow to proper divisions/accounts.
• Create, process, review, increase or amend purchase orders as needed.
• Prepare forecasts for DAO as requested for numerous reports from expenses, salaries, VA commitments, monthly divisional snapshots and comparison to prior years.
• Evaluate and track CCOM/Hospital/other commitments and purchased services.
• Approve transactions in workflow.
• Monitor gift accounts through the University of Iowa Center for Advancement; generate reports and initiate transfers.
• Enter monthly METS effort, track changes, and generate reports for DAO and finance team; collaborate closely with finance team to ensure accurate, consistent reporting.
• Ensure funds are managed to maximize organizational impact while maintaining strict compliance with policies.
• Work closely with clinical and operational teams to integrate financial insights into strategic planning efforts.
• Participate in calculating and processing of monthly, quarterly, and year end special compensation payments.
• Participate in annual compensation review for faculty, facilitating COS as needed for faculty and staff, entering salaries into salary setting tool; review and monitor monthly.
• Track faculty commitments and prepare special compensation payments for onboarding faculty members including transition payments and relocation expenses.
• Monitor departmental accounts, submit journal entries (JE) and/or WebCV, payCV and request corrections from external departments as needed.
• Resolve account discrepancies, respond to inquiries and recommend adjustments needed to balance accounts.
• Analyze areas that can be streamlined and propose plan for implementing efficiencies.
• Train/guide new employees in Department on monthly reconciliation tasks.
• Train new employee to review statements, approve transaction detail reports (TDRs), pCards, allotments, travel and purchasing policies.
• Review work for accuracy and make changes as needed.
• Work with HR to align salaries between the UI and VA.

• A bachelor’s degree in business, Health Administration, Accounting, Finance, or related field from an accredited college or university, or an equivalent combination of education and experience.

• 1 year of experience in accounting, auditing, cost accounting, budget, and/or financial analysis.
• Experience gathering information from multiple data sources, understanding the context, and demonstrating detailed analytical skills with the ability to turn raw data into actionable information.
• Demonstrated excellent written and verbal communication skills.
• Demonstrated accuracy and attention to detail.
• Proficiency in computer software applications.

• Knowledge of accounting and budgeting tools including Cayuse and eRA Commons.
• Knowledge of federal, state, local, and private funding agencies, policies, and regulations.
• Knowledge of accounting and budgeting tools including:
  Peoplesoft, Strata Jazz, GL Reporter, and Iowa Electronic Financial Reports (EFR).
  Knowledge of University accounting policy, procedure, and systems.
• Ability to multitask and work in a fast-paced…