The Financial Analyst I participates in improving the operational and financial effectiveness and efficiencies of the organization via budget preparation, variance report analysis, pro formas, cost-benefit analysis, sensitivity analysis, and cost accounting. Extracts financial data from various accounting and information systems and manipulates, interprets, and presents data in a format that is useful and meaningful for decision-making purposes. Complies with Generally Accepted Accounting Principles (GAAP), state, national, Medicare, and other payor rules and regulations. Strong experience in accounting theory and practice required.
Essential Functions
- Prepares annual budget, working closely with Assistant Chief Financial Officer.
- Provides ongoing budget analysis and variance explanations.
- Administers, updates, troubleshoots budgeting software.
- Conducts budget software training sessions during the year and for budget season.
- Conducts quarterly variance report meetings with department managers.
- Prepares financial reviews for economic and/or business decisions (including pro formas, cost-benefit analysis, sensitivity analysis, forecasting, trending, results analysis, “what-if” scenarios, financial performance reviews, and breakeven analysis).
- Compiles and reports monthly statistics, including payor mix, accounts receivable (AR) analysis, insurance lag reports, investment analysis reports, capital additions, daily revenue reporting and other analysis type reports.
- Creates tools for tracking, trending, compiling, and/or reporting data.
- Complies with state reporting requirements (including unusual activity report, community benefits reports, and databank).
- Complies with Medicare reporting requirements (including cost report, wage, and occupational mix surveys) amd oversees report audits.
- Prepares cost report and wage and occupational mix audits.
- Assists with labor management and benchmarking as needed.
- Assists with annual audit including occasional reconciliations, fixed asset roll forward, investment roll-forward as needed.
- Maintains and disseminates cost accounting system information.
- Provides technical solutions to a wide range of difficult problems. Solutions are imaginative, thorough, practicable, and consistent with organizational objectives.
Other Duties<