Financial Analyst IL

4 weeks ago


Chicago IL United States Creative Financial Staffing Full time

Financial Analyst

Growing medical group is looking for a detail-oriented and analytical Financial Analyst to join our medical group. The Financial Analyst will play a critical role in evaluating the financial performance of our medical practices, identifying opportunities for growth and efficiency, and supporting strategic decisions. This role requires a deep understanding of healthcare operations, financial modeling, and data analysis within a clinical setting.

Why Take the Financial Analyst Role?

  • Join a mission-driven medical group committed to improving patient outcomes.
  • Work with a collaborative and innovative team.
  • Gain opportunities for professional growth in the dynamic healthcare industry.
  • Hybrid schedule
  • Great benefits
  • Competitive pay

Key Responsibilities of the Financial Analyst

  • Financial Analysis and Reporting:
    • Analyze financial performance metrics, including revenue, expenses, and profitability for clinics and departments.
    • Prepare monthly, quarterly, and annual financial reports and presentations for leadership.
    • Monitor key performance indicators (KPIs) to assess operational efficiency and financial health.
  • Budgeting and Forecasting:
    • Assist in the development and monitoring of annual budgets for the medical group.
    • Create financial forecasts and models to predict future performance.
    • Collaborate with department leaders to ensure alignment with budgetary goals.
  • Cost and Productivity Optimization:
    • Perform cost-benefit analyses to evaluate the financial viability of new initiatives, services, or investments.
    • Analyze provider productivity, staffing costs, and resource utilization.
    • Recommend strategies to improve efficiency while maintaining quality care.
  • Strategic Decision Support:
    • Provide financial insights to support strategic planning and business development.
    • Conduct market and competitive analyses to guide expansion or service line optimization.
    • Assist in evaluating mergers, acquisitions, and joint ventures, if

Qualifications Preferred of the Financial Analyst

  • Education: Bachelor's degree in Finance, Accounting, Economics, or a related field (Master's degree or CFA/CPA is a plus).
  • Experience: Minimum 2-5 years of financial analysis experience, preferably in the healthcare or medical group sector.
  • Skills:
    • Strong knowledge of healthcare financial systems and payer reimbursement models.
    • Proficiency in financial software, data visualization tools, and Microsoft Excel.
    • Advanced analytical skills and the ability to create complex financial models.
    • Excellent communication and presentation abilities.

Salary: $70,000k- $95,000k

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#INNOV2024

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#LI-Hybrid


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