Decision Support, Financial Analyst (Hybrid)

At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. This patient-first approach is what sets us apart as a leader in the healthcare industry. As an integral part of our team, you'll have the opportunity to join our quest for better healthcare, no matter where you work within the Northwestern Medicine system. At Northwestern Medicine, we pride ourselves on providing competitive benefits: from tuition reimbursement and loan forgiveness to 401(k) matching and lifecycle benefits, we take care of our employees. Ready to join our quest for better?

The Decision Support, Financial Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.

The Decision Support, Financial Analyst  is responsible for recording transactions, performing analysis activities, and evaluating trends and drivers at Northwestern Medicine. The position will also be charged with the preparation and some review activities related to the month end close process; as well as support for the annual financial statement audit. The analyst will need to understand complex financial concepts in a fast paced environment.

Responsibilities:

• Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment and business decisions:
• Guides cost analysis process by developing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.
• Recommends actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials.
• Increase productivity by developing automated applications, eliminating duplication, coordinating information requirements.
• Lead in gathering data and presentation materials for annual and ad hoc surveys.
• Consistently delivers concrete, relevant results. Displays qualities of resiliency and resourcefulness while thinking strategically and practically when problem solving. In addition to results orientation, displays business knowledge, speed and decisiveness, and project management.
• Work with operational managers to develop assumptions used in financial models.
• Effectively present and communicate to all levels of the organization

   

  Responsibilities:

• Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment and business decisions:
• Guides cost analysis process by developing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.
• Recommends actions by analyzing and interpreting data and making comparative analyses; studying proposed changes in methods and materials.
• Increase productivity by developing automated applications, eliminating duplication, coordinating information requirements.
• Lead in gathering data and presentation materials for annual and ad hoc surveys.
• Consistently delivers concrete, relevant results. Displays qualities of resiliency and resourcefulness while thinking strategically and practically when problem solving. In addition to results orientation, displays business knowledge, speed and decisiveness, and project management.
• Work with operational managers to develop assumptions used in financial models.
• Effectively present and communicate to all levels of the organization

Roles:

Cost Accounting

• Analyze and interpret monthly general ledger, payroll, and clinical data
• Work through monthly cost accounting process, identifying appropriate allocation methodologies for direct and indirect expenses

• Conduct comprehensive research to reconcile cost anomalies and variances
• Work with operational leadership and clinical teams to
• Develop and maintain processes for accurate cost allocations
• Provide support on data interpretation, variance analysis, and trends issues related to costing data
• Support special projects to improve and advance the cost model

Contract Analytics:

• Analyze Payor contracts to support revenue expectations
• Analyze and maintain contract models in decision support software to support profitability reporting

Continuous Improvement:

• Build and track cost saving and revenue growth initiatives
• Create, maintain and deploy training materials for Decision Support software modules

AA/EOE

Required:

• 3+ years in accounting/finance role
• Degree in Finance / Accounting or related field

Preferred:

• Master’s degree in Healthcare Management, Business, Data Analytics, or related field
• Knowledge of SQL and relational databases
• Experience with Stratajazz Decision Support module
• Experience with EPIC Hyperspace EMR system

Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.