Financial Analyst Sr - Productivity and Budgeting
Provides assistance in a number of financial areas including financial and management reporting, cost accounting, operating and capital budgets, business plan development, contracting, reimbursement assistance and systems analysis and design. Formulates and defines system scope and objectives through research and fact-finding combined with an understanding of applicable business systems and organizational requirements. Creates consistency in approach, leverage expertise, and effectively manage the cost of the service being proposed. Analyzes business operations and provides consultation for optimum system utilization.
Prepares cost data analysis, monthly management financial statements, statistical reports, systems analysis, and other fiscally related duties as assigned.
Analyzes and interprets financial data and compiles reports on current financial and operational issues, financial policies and plans, and significant organization developments.
Serves as consultant regarding the hospital’s financial affairs, development of operating policies and procedures, department needs/problems and financial system requirements.
Interprets divisional operating results; makes specific recommendations which will result in cost reduction and profit improvement.
Maintains and directs financial systems and adapts programs to changing needs. Maintains documentation.
Maintains clinical value analysis database and prepares reports and analysis to determine any value or savings for a newly introduced, product, program or project.
Develops methods and procedures for the preparation of budgets, financial systems and reporting.
Conducts and assists in the presentation of educational sessions as assigned.
Develops operating budgets based on actual performance, previous budgets, estimations of revenues and expenses, and other factors.
Maintains and directs financial computer system, including regular maintenance and load files, and adapts programs to changing needs.
Implements conversions and upgrades of financial software in collaboration with IS. Ensures budget systems are reflective of GL detail.
Creates systems for and maintains record of volume statistics, payroll, and other information used for ad hoc reporting.
Assembles departmental profit and loss statements and summarizes into consolidated statements of profit and loss, balance sheet, cash flow and capital expenditure budgets.
Prepares sufficient documentation and narratives for the hospital’s yearly budget package and other financial reporting. Meets with customers frequently and provide frequent written status updates to customers, team members, and department management.
Analyzes tasks and problems and determines the most efficient and cost effective method of accomplishing defined requirements within a scheduled deadline. Implements and modifies test plans for information technology systems including unit and system testing.
Prepares budget variance analyses on general budget issues. Analyzes the monthly revenue and expense reports and prepares a statement of budget vs. actual variance.
Adheres to and supports team members in exhibiting TMCH values of integrity, community, compassion, and dedication.
Adheres to TMC organizational and department-specific safety, confidentiality, values, policies and standards.
Performs related duties as assigned.
EDUCATION: Bachelor’s degree in Finance, Accounting, or Business, Management Information Systems, or an equivalent combination of relevant education and experience.
EXPERIENCE: Three (3) years of accounting, financial analysis, or computer systems experience.
LICENSURE OR CERTIFICATION: None required.
KNOWLEDGE, SKILLS AND ABILITIES:
Knowledge of financial transactions and proper allocation, budgeting systems and evaluating variances.
Knowledge of financial value analysis and projections to determine future value or cost benefit analysis of a product, program or project.
Skill in evaluating accounting systems and ensuring costs are properly allocated.
Skill in maintaining system to evaluate value, ROI, and preparing detailed reports for presentation to management.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to work with concepts such as fractions, percentages, ratios, proportions and basic statistical operations, and to apply mathematical operations to solve or analyze job-related situations.
Ability to create financial forecasts and budgets; ability to identify positive or negative variances from expected outcomes.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
Ability to perform at a high level with regard to a spreadsheet and/or database application.