Financial Analyst 3

Stanford University School of Medicine’s Department of Anesthesiology, Perioperative and Pain Medicine is seeking a Financial Analyst 3 to manage forecasting, budgeting, analysis, and reporting for faculty compensation programs and key performance metrics. The department includes more than 300 faculty and continues to grow as the University’s health care system expands medical services in the Bay Area.

The Financial Analyst will work with the Clinical Finance and Compensation Manager, the DFA, and division chiefs. The position will analyze and interpret faculty compensation data and recommend policy and process changes for programs that may include base pay, call pay, and extra-work incentives.

Duties Include:

• Prepare monthly GAAP-compliant accrual entries for incentive payments and reconcile accrued liabilities to cash payments.

• Forecast incentive liabilities using operational models and data from EPIC case and operating room activity and QGenda scheduling.

• Audit and forecast labor schedules and coordinate with Finance and Contracts and Grants teams to help ensure compensation is charged to the correct funds in accordance with policy.

• Develop dashboards and reports for headcount, FTE, clinical FTE, per diem utilization, and other key financial and operational metrics.

• Reconcile Oracle financial reports with HR and other source systems, identify discrepancies, and recommend corrective action.

• Prepare variance analysis of actual results against budget and forecast.

• Analyze the financial and operational impact of new incentives and policies and support implementation of approved changes.

• Complete ad hoc financial, operational, and policy analyses as needed.

* - Other duties may also be assigned

Core Duties:

• Perform highly analytical, complex finance and control functions; multi-dimensional and complex reconciliations and related analysis; prepare or review and approve complex transactions and higher level dollar value transactions.

• Research, and synthesize data; interpolate results from large amounts of data, identify trends in data, draw conclusions, develop solutions, present and implement recommendations, and create follow up analysis.

• Develop complex budget and forecasting scenarios, long-range planning and analyses for financial reporting and presentations; design and run ad hoc reports.

• Identify and resolve unique issues with substantial significance; recognize exceptions, and conduct in-depth analysis using advanced technical knowledge and experience. Recommend and develop solutions that may require policy changes or the development of new processes; maintain broader organizational and university perspective in decision making.

• Review, design, and implement appropriate internal control programs, research new regulations, and implement approved changes. Manage compliance program for area of responsibility, interpret internal policy and external regulations, and create and/or review complex compliance reports.

• Lead and execute unit or cross functional projects and teams, make decisions regarding projects and programs affecting operational effectiveness, policies, or processes.

• Engage in continuous critical analysis of existing systems and processes; make recommendations to achieve greater efficiencies and improve internal controls. Define requirements, develop and implement complex test cases, perform testing and analyze results.

• Lead and support unit and organization strategy and change management initiatives.

• Provide training on new financial systems. Represent organization to client group(s) and external partners; serve as subject matter expert on matters that involve complex technical, financial, or subject matter expertise.

• Assess client and business needs, and formulate recommendations to determine approach to managing and completing processes.

• May supervise, train, coach, and review the work of other staff, as needed. Contribute primarily through applying individual expertise.

Minimum Education and Experience

Bachelor’s degree and six years of relevant experience or combination of education and relevant experience.

Knowledge, Skills and Abilities:

• Advanced proficiency in business applications, such as Microsoft Office suite, especially Excel.

• Advanced knowledge of Enterprise Resource Planning and financial systems; internet and computer literacy.

• Knowledge of Generally Accepted Accounting Principles (GAAP).

• Advanced professional communication skills, including ability to prepare materials for and clearly and effectively communicate information to internal and external audiences, client groups, and management.

• Strong project management skills and ability to contribute to or lead part of a multi-functional team.