The Sr. Financial Analyst is responsible for providing financial support, guidance, and analysis related to enterprise-wide business development and operational initiatives as well as playing an integral role in the development of organizational operating, capital, and long-range plans. The incumbent will also: support the maintenance of the institutional cost accounting system; function as an internal consultant to assist stakeholders interpret and use cost and service line profitability data; provide project management leadership and direction; and play a critical role in identifying ways to improve periodic financial planning processes. This role will have significant exposure to and interaction with organizational business leaders, as well as members of the Executive Management Team.
This position reports directly to the Manager of Financial Business Planning & Analysis and will support other key members of the Finance leadership team to:
Prepare the annual operating and capital budgets as well the institutional long-range plan
Analyze proposed operational budget requests; critically evaluate and enhance organizational dialogue related to budget issues
Develop, improve, and streamline financial processes, reports, and planning tools
Oversee and enhance institutional cost accounting practices
Act as a liaison between the Finance division and other hospital areas as well as physician practices
Collaborate with business leaders to prepare multi-year business plans for new programs and initiatives to identify impact on clinical volumes, organizational and program financials, and evaluate return on investment
Develop and maintain various analyses and reports to evaluate business unit financial performance and growth opportunities
Prepare, maintain, and present analyses for ad-hoc requests for hospital senior leadership as necessary
Prepare/assist with the preparation of monthly financial and operating reporting package and present findings to leadership
The incumbent must be able to work both within teams and independently, with limited guidance and support, to influence outcomes.
Education and/or Experience Required:
Education Required: Bachelor's or Master's degree in a quantitative/analytical discipline.
Experience Required: Five to seven years of organizational budgeting process management and long-range planning.
Education and/or Experience Preferred:
Experience Preferred: Experience in healthcare setting and/or healthcare consulting preferred.
Knowledge, Skills and Abilities:
Expertly skilled in Microsoft Office Suite, particularly Excel and PowerPoint.
Ability to work with and learn multiple financial and reporting systems.
Knowledge of decision support/cost accounting systems desirable.
Robust analytical and problem-solving skills.
Comfort manipulating, interpreting, and summarizing observations from large data sets.
Familiarity with basic statistical methods.
Excellent written and oral communication skills and ability to engage with a wide variety of audiences.
Demonstrated ability to work independently with limited direction and manage multiple priorities.
Ability to work with all levels of the organization including management and physicians.
Ability to multitask, meet deadlines, follow-up on and quickly reprioritize issues.
Must be capable of operating at both the strategic and tactical level.