DescriptionStanford University School of Medicine’s Department of Anesthesiology, Perioperative and Pain Medicine is seeking a Financial Analyst 3 to manage forecasting, budgeting, analysis, and reporting for faculty compensation programs and key performance metrics. The department includes more than 300 faculty and continues to grow as the University’s health care system expands medical services in the Bay Area.
The Financial Analyst will work with the Clinical Finance and Compensation Manager, the DFA, and division chiefs. The position will analyze and interpret faculty compensation data and recommend policy and process changes for programs that may include base pay, call pay, and extra-work incentives.
Duties Include:
Prepare monthly GAAP-compliant accrual entries for incentive payments and reconcile accrued liabilities to cash payments.
Forecast incentive liabilities using operational models and data from EPIC case and operating room activity and QGenda scheduling.
Audit and forecast labor schedules and coordinate with Finance and Contracts and Grants teams to help ensure compensation is charged to the correct funds in accordance with policy.
Develop dashboards and reports for headcount, FTE, clinical FTE, per diem utilization, and other key financial and operational metrics.
Reconcile Oracle financial reports with HR and other source systems, identify discrepancies, and recommend corrective action.
Prepare variance analysis of actual results against budget and forecast.
Analyze the financial and operational impact of new incentives and policies and support implementation of approved changes.
Complete ad hoc financial, operational, and policy analyses as needed.
* - Other duties may also be assigned
ResponsibilitiesCore Duties:
Perform highly analytical, complex finance and control functions;
multi-dimensional and complex reconciliations and related analysis;
prepare or review and approve complex transactions and higher level
dollar value transactions.
Research, and synthesize data; interpolate results from large
amounts of data, identify trends in data, draw conclusions, develop
solutions, present and implement recommendations, and create follow up
analysis.
Develop complex budget and forecasting scenarios, long-range
planning and analyses for financial reporting and presentations; design
and run ad hoc reports.
Identify and resolve unique issues with substantial significance;
recognize exceptions, and conduct in-depth analysis using advanced
technical knowledge and experience. Recommend and develop solutions that
may require policy changes or the development of new processes; ma