Financial Analyst Sr

SUMMARY:

The Financial Analyst Senior plays a pivotal role in advancing the financial strength and strategic priorities of the hospital and health system. This position delivers sophisticated financial modeling, budgeting, forecasting, and analysis that informs high-impact decisions across clinical and administrative departments. The analyst leads core financial functions—spanning financial and management reporting, cost accounting, operating and capital budgeting, business plan development, contracting, and reimbursement analysis—while also supporting financial systems design and optimization. By integrating research, operational insight, and deep systems knowledge, the analyst defines system requirements, drives consistency in financial processes, promotes cost-effective practices, and provides strategic consultation to enhance business operations and system performance.

ESSENTIAL FUNCTIONS:

1. Strategic Financial Planning, Modeling & Decision Support

• Leads complex financial modeling, strategic planning, and advanced analysis to support organizational decision-making.
• Develops operating and capital budgets using historical performance, revenue and expense projections, and operational inputs.
• Interprets financial and operational results, identifies trends, and recommends actions to improve cost efficiency, profitability, and overall financial performance.
• Evaluates and prepares business cases for new programs, services, and capital investments.
• Supports payer contract modeling and reimbursement analysis.
• Prepares cost data analysis, monthly management financial statements, statistical reports, and other key fiscal deliverables.

1. Financial Reporting, Forecasting & Performance Management

• Leads the annual budgeting and quarterly forecasting processes in collaboration with department leaders.
• Prepares monthly and quarterly financial reports, including variance analysis, narratives, and KPI dashboards.
• Analyzes monthly revenue and expense reports and prepares budget vs. actual variance statements.
• Provides actionable insights and financial recommendations to senior leadership.
• Meets regularly with operational leaders to review financial performance and provide consultative support.
• Ensures accuracy, consistency, and compliance with internal controls, organizational policies, and regulatory requirements.

1. Cost Accounting, Productivity & Operational Support

• Supports cost accounting and productivity analysis for clinical departments.
• Serves as a financial consultant on operating procedures, department needs, business operations, and system utilization.
• Advises on opportunities for cost reduction, margin improvement, operational efficiency, and strategic resource deployment.

1. Financial Systems Leadership, Data Integrity & Process Improvement

• Maintains and directs the financial planning and reporting systems, ensuring functionality, data integrity, and alignment with GL detail.
• Implements financial system upgrades, enhancements, and conversions in partnership with Information Services (IS).
• Creates and maintains systems for tracking volume statistics, payroll data, and other metrics used in reporting and analysis.
• Develops and enhances methods, procedures, and tools for budgeting, forecasting, reporting, and financial system maintenance.
• Analyzes workflow or system problems and determines the most efficient and cost-effective solutions.
• Designs, implements, and updates test plans for financial system changes, including unit testing and system testing.
• Leads or contributes to initiatives that streamline reporting processes, automate analytics, and improve financial data quality.

1. Collaboration, Leadership & Education

• Mentor’s financial analysts and supports continuous improvement across financial processes and tools.
• Collaborates with finance team members on cross-functional projects and strategic initiatives.
• Conducts or assists with educational sessions on financial processes, systems, and analysis for leaders and staff.

1. Professional Standards, Values & Other Responsibilities

• Exhibits excellence in customer service and professional interactions with all staff, visitors, and stakeholders.
• Demonstrates and supports TMCH values of integrity, community, compassion, and dedication.
• Adheres to all safety, confidentiality, and organizational policy standards.

Performs other related duties as assigned.

MINIMUM QUALIFICATIONS

EDUCATION:  Bachelor’s degree in Finance, Accounting, or Business, Management Information Systems, or an equivalent combination of relevant education and experience. Master’s degree or MBA preferred. 

EXPERIENCE: Four (4) – six (6) years of progressive experience in financial analysis, preferably in a healthcare or hospital setting.  Strong understanding of healthcare finance, reimbursement models, and cost structures.

LICENSURE OR CERTIFICATION: None required.

KNOWLEDGE, SKILLS, AND ABILITIES:

• Advanced proficiency in Excel and financial modeling, including complex formulas, scenario modeling, and data analysis tools.
• Strong analytical and problem-solving skills with the ability to interpret complex financial, operational, and clinical data.
• Ability to develop accurate forecasts and budgets, identify variances, and recommend corrective actions.
• Knowledge of financial value analysis, ROI, and cost–benefit methodologies for evaluating programs, services, and capital investments.
• Ability to evaluate accounting and financial systems, ensure accurate cost allocation, and maintain data integrity across reporting tools.
• Proficiency with ERP systems (e.g., Lawson, Oracle, Workday) and data visualization platforms (e.g., Power BI, Tableau); SQL or database querying preferred.
• Strong ability to prepare, interpret, and present detailed financial reports, dashboards, and business cases for leadership audiences.
• Excellent written communication skills, including the ability to produce reports, business correspondence, and procedure documentation.
• Effective verbal communication skills, with the ability to explain complex financial concepts to non-financial stakeholders and respond to inquiries professionally.
• Ability to define problems, collect and validate data, establish facts, and make sound, data-driven conclusions.
• Ability to interpret technical instructions, financial regulations, and organizational policies, including those in mathematical or diagrammatic form.
• Skilled in addressing situations with limited standardization and adapting analysis or solutions to fit varying operational contexts.
• Strong understanding of financial transactions, budgeting principles, variance analysis, and cost accounting concepts.
• Ability to apply mathematical concepts such as ratios, proportions, percentages, statistics, and financial formulas to job-related analyses.
• Ability to manage multiple priorities in a fast-paced environment while maintaining accuracy and meeting deadlines.
• Strong collaboration skills with the ability to work effectively across departments, including clinical, operational, and administrative teams.
• Demonstrated ability to contribute to process improvement initiatives and enhance financial reporting efficiency.