DescriptionThe 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.
ResponsibilitiesThis 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.
QualificationsEducation 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,