Financial Analyst
4 weeks ago
Senior Financial Analyst
HIGHLIGHTS
Location: Chicago, Illinois (prefer local for hybrid remote, but can be non-local fully remote)
Position Type: Contract for hire
Hourly / Salary: Based on experience, target up to $55 an hour
Residency Status: US Citizen or Green Card
Our client is looking for a Senior Financial Analyst to join their team
Position Summary:
The Senior Financial Analyst will provide day-to-day support including financial analytics and related reporting to medical group leadership to support management decision-making to drive overall financial performance. The analyst will also support the preparation of monthly financial reports and key performance indicators, support physician compensation and modeling, participation in the annual budget cycle and provide as needed ad-hoc analysis upon request.
Essential Job Functions:
- Prepare and distribute standard monthly financial reporting including rolling forecasts and analysis to medical group leadership to provide clarity of financial performance for the medical group including volume-based reporting
- Provide qualitative and quantitative financial analysis in reporting of patterns, growth insights and trends seen within the financials to decision-makers
- Provide analytical support for physician compensation models and analytics including biweekly, monthly, quarterly, and annual preparation of variable physician compensation calculations to ensure accurate and timely payment of physician compensation and productivity bonuses and related analytics
- Participation in the preparation of the annual financial plan and budget including the development of volume and revenue budgets, annual operating expenses, and related reporting
- Support, review, and prepare portions of the Monthly Operating Reviews (MORs) and communicated significant variances on a timely basis, including coordinating with finance and accounting adjustments when needed
- Support, review, and prepare portions of the Monthly Operating Reviews (MORs) and communicated significant variances on a timely basis, including coordinating with finance and accounting adjustments when needed
- Manages and completes the month, quarter, and year-end close ensuring the accuracy of their accounting and financial records
- Supports the maintenance and improvement of department business applications including physician compensation reporting from Tableau and Business Intelligence (BI)
- Perform ad-hoc financial analysis as requested by management
- Performs other duties assigned
Required Skills:
- 5-7 years’ experience in finance at a healthcare system, preferably an academic healthcare system
- Fluent in excel, MS Office and SQL
- Bachelor’s degree in Business, Health Care Administration, or related field, with relevant financial management experience
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