DescriptionThe Senior Financial Analyst is responsible for the evaluation of current and future operational and financial practices, development of new systems and/or processes, developing policies and procedures to achieve desired financial and operational goals in a business unit, such as an institute, department or division.
Responsibilities- Monitors monthly budget,Β fund and or/general ledgers for the department or business unit within the School or Hospital; provides variance analysis.
- Analyzes the revenue cycle and revenue stream for the business unit and assists in developing feasibility and profitability analysis and/or business plans for new and existing programs, including new faculty recruitment and revenue capture.
- Communicates with accounting staff to obtain variance explanations, to alert them to wire transfers and to ensure that revenue and expenses are captured properly.
- Prepares regular and ad hoc reports and participates in follow-up discussions with business unit leadership.
- May ensure that grants, clinical trials and other revenue and expense driven projects and streams are properly monitored, credited and reports are prepared.
- Prepare and submit purchase orders, contracts, change orders, invoices, check requests, petty cash vouchers, travel requests and travel vouchers, fund transfers and HRTS transactions as necessary.
- Recommend and implement approved changes for efficiencies, documenting those procedures.
- May mentor, train or oversee more junior staff.
- May input and review faculty/staff payroll and maintain appropriate records.
- May review Time and Effort reports for faculty and staff, prepare accruals and recharges for upload monthly general ledger updates.
- Liaison to external medical organizations such as UHC, AAMC, MGMA for faculty productivity benchmarking
- Develop financial reports and distribute to Dept. Chair, Chiefs and administrators with aim to improve inefficiency and profitability, Accountable for those metrics
- Performs other related duties
Qualifications- Bachelors degree in Accounting or an equivalent combination of education and experience
- 5+ years of experience in Finance or a related field
- Leadership experience
- Reporting experienceΒ
- Reporting Analysis experienceΒ
- Professional Billing experienceΒ
- Account Receivable experienceΒ
- Coding experience a plus
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Non-Bargaining Unit, 862 - Surgery - ISM, Icahn School of Medicine