Financial Analyst

Position Overview

The Financial Analyst will support the Healthcare Services Group by providing comprehensive financial analysis, performance monitoring, and detailed reporting to support operational and strategic decision-making. This role will focus on analyzing weekly revenue, costs, gross margins, profitability, and other key financial indicators across healthcare service lines, clients, and accounts.

The ideal candidate is highly analytical, detail-oriented, and proactive in identifying financial trends, cost variances, profitability risks, and opportunities for improvement.

Key Responsibilities

1. Financial Performance Analysis

- Analyze weekly financial performance across the Healthcare Services Group, including revenue, direct costs, gross profit, gross margin, and operating expenses, as applicable.

- Monitor financial performance by client, account, department, service line, and other relevant business segments.

- Track actual financial results against budgets, forecasts, targets, and prior-period performance.

- Identify significant financial movements, variances, and emerging trends, providing clear explanations for changes in performance.

- Evaluate the financial impact of changes in staffing levels, bill rates, pay rates, overtime, utilization, and other operational factors.

- Develop insights and recommendations to improve profitability, cost efficiency, and overall financial performance.

2. Revenue and Gross Margin Monitoring

- Prepare and maintain weekly revenue and gross margin reports for the Healthcare Services Group.

- Analyze revenue generated across healthcare accounts and service lines, identifying growth trends, declines, and potential revenue leakage.

- Monitor gross profit and gross margin percentages, highlighting accounts or service lines that are underperforming against established targets.

- Evaluate the relationship between client billing rates, employee compensation, staffing costs, and other direct service delivery costs.

- Identify opportunities to improve margins through pricing reviews, workforce optimization, improved utilization, and cost control.

- Investigate discrepancies between reported revenue, billable hours, staffing records, and financial data in coordination with relevant teams.

3. Cost Analysis and Expense Management

- Monitor direct labor costs, overtime, staffing expenses, and other costs associated with delivering healthcare services.
Identify unusual cost movements, inefficiencies, and potential cost overruns.

- Conduct cost and profitability analyses to determine the financial performance of individual clients, accounts, and business units.

- Assess the financial impact of operational decisions, including additional headcount, changes in staffing models, and new client requirements.

- Recommend practical cost optimization strategies without compromising service quality or operational requirements.

4. Weekly Financial Reporting and Business Intelligence

- Prepare accurate, comprehensive, and easy-to-understand weekly financial reports for Operations and senior management.

- Develop dashboards and reporting tools that provide visibility into key financial metrics, trends, and performance indicators.

- Present financial results using clear summaries, detailed tables, charts, and variance analyses.

- Provide written commentary explaining what changed, why it changed, its financial impact, and what actions may be required.

- Maintain historical financial reports and performance trackers to support trend analysis and management reviews.

- Prepare ad hoc financial reports, profitability studies, and management presentations as requested.

5. Forecasting and Financial Planning

- Assist in preparing revenue forecasts, cost projections, and gross margin forecasts for the Healthcare Services Group.

- Analyze historical trends and current operational data to identify potential future financial risks and opportunities.

- Support budget preparation, financial planning, and periodic reforecasting activities.

- Develop financial models to evaluate business scenarios, including changes in client volume, staffing requirements, billing rates, and compensation costs.

- Provide data-driven insights to support resource allocation, business expansion, and operational planning.

6. Financial Controls and Data Accuracy

- Validate financial data across available systems, reports, and source documents to ensure consistency and accuracy.

- Coordinate with Finance and Operations teams to investigate discrepancies and resolve reporting issues.

- Establish and maintain standardized reporting templates, definitions, and calculation methodologies.

- Ensure the confidentiality and proper handling of financial and client-related information.

- Recommend improvements to financial reporting processes, data collection, and analytical workflows.

7. Business Partnering and Recommendations

- Work closely with Operations leaders and account managers to understand business performance and operational challenges.

- Translate financial data into practical business insights that non-finance stakeholders can readily understand.

- Proactively flag accounts with declining margins, rising costs, revenue shortfalls, or other financial concerns.

- Provide recommendations supported by data, including estimated financial impact, priority level, and suggested next steps.

- Follow up on agreed action plans and evaluate whether implemented measures have improved financial performance.

Required Qualifications:

- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field.

- At least 3 years of relevant experience in financial analysis, management reporting, financial planning and analysis (FP&A), or a similar role.

- Strong understanding of revenue analysis, cost accounting, gross profit, gross margin, and profitability analysis.

- Advanced proficiency in Microsoft Excel, including pivot tables, lookup functions, financial formulas, and data analysis.

- Experience preparing financial reports, dashboards, forecasts, and management presentations.

- Strong analytical, quantitative, and problem-solving skills.

- Excellent written and verbal communication skills, particularly in explaining financial results and recommendations.

- High attention to detail, data accuracy, and the ability to manage recurring reporting deadlines.

- Ability to work independently while collaborating effectively with cross-functional teams.

Preferred Qualifications

- Experience supporting healthcare services, staffing, recruitment, BPO, outsourcing, or other labor-intensive service businesses.

- Familiarity with financial analysis involving billable hours, billing rates, pay rates, direct labor costs, and client-level profitability.

- Experience with Power BI, Tableau, or similar business intelligence tools.

- Knowledge of financial forecasting, budgeting, and
financial modeling.

- Experience working with US-based clients or supporting US operations.

- Familiarity with accounting systems, workforce management platforms, or business reporting tools.

- Validate financial data across available systems, reports, and source documents to ensure consistency and accuracy.

- Coordinate with Finance and Operations teams to investigate discrepancies and resolve reporting issues.

- Establish and maintain standardized reporting templates, definitions, and calculation methodologies.

- Ensure the confidentiality and proper handling of financial and client-related information.

- Recommend improvements to financial reporting processes, data collection, and analytical workflows.