Financial Analyst

2 weeks ago

Detroit, United States Detroit Wayne Mental Health Authority Full time
Job DescriptionJob Description

Under the general supervision of the Vice President of Finance, the Fiscal Analyst is responsible for monitoring, reviewing, and analyzing all financial activities, preparing and monitoring provider budgets, and supporting development of provider payment methods and policies with analytics and resulting recommendations.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

  • Analyzes and evaluates financial/statistical data to prepare and present information in a concise and meaningful manner.
  • Makes recommendations and reports on department, division, or fund expenditures and revenues.
  • Assists with budget or financial statement preparation.
  • Ensures compliance with governmental reporting regulations.
  • Identifies trends, supports payment policy decisions, and supports continuous improvement initiatives.
  • Initiates and manages complex projects involving multiple departments.
  • Establishes and maintains standard and appropriate use of procedure codes and modifiers throughout the PIHP network.
  • Serves as the technical specialist with responsibility for the control of major groupings of funds, budget units, or revenue and expenditure accounts.
  • Performs independent analysis and evaluation of financial records to ensure accuracy and interprets financial guidelines to ensure that fiscal operations are following established requirements.
  • Evaluates accuracy and completeness of financial records and data.
  • Analyzes and evaluates revenues or expenditures of a department, program, fund, or budget unit.
  • Participates in the development, modification, implementation, and maintenance of an automated financial tracking and recordkeeping system to improve the efficiency of the accounting unit and maintain the integrity of the information generated.
  • Assists in the research and compilation of information needed to set payment rates.
  • Benchmarks current and proposed rates against other payers.
  • Makes complex cost distributions, apportions indirect costs, and sets up overhead rates in accordance with established guidelines.
  • Researches and addresses complex accounting issues or discrepancies to ensure accurate accounting.
  • Reads, interprets, and explains rules, regulations, and policies regarding fiscal programs to ensure compliance with contract terms and accounting procedures.
  • Makes financial projections and forecasts.
  • Maintains journals and ledgers and prepares financial summaries.
  • Prepares analyses and reports.
  • Prepares narrative and statistical reports.
  • Organizes, schedules, directs, and reviews work of staff.
  • Trains staff regarding department practices and procedures.
  • Communicates with the public and staff to explain decisions and give technical information.
  • Performs related duties as assigned.

KNOWLEDGE, SKILLS AND ABILITIES (KSA’S)

  • Knowledge of generally accepted accounting principles
  • Knowledge of fundamental accounting procedures
  • Knowledge of and familiarity with Microsoft GP (Great Plains).
  • Knowledge of financial and business intelligence applications, especially Microsoft Excel.
  • Knowledge of financial analysis: budgets, cost/benefit, trends, exceptions, and cost accounting.
  • Knowledge of the Michigan Mental Health Code and Balanced Budget Act.
  • Knowledge of the MDHHS Code Chart and Staff Qualifications, including procedure codes and modifiers.
  • Knowledge of and experience with PIHP service provider networks and concepts of models of practice.
  • Supervisory skills.
  • Management skills.
  • Administration skills.
  • Training skills.
  • Strategic thinking skills.
  • Strategic planning skills.
  • Influencing skills.
  • Team Leadership skills.
  • Accuracy skills.
  • Analytical skills.
  • Time Management skills.
  • Problem Solving skills.
  • Communication skills.
  • Critical Thinking skills.
  • Multitasking skills.
  • Prioritizing skills.
  • Accuracy and detailed oriented skills.
  • Computer skills (Word, Excel, Access, Power Point, Outlook, Teams).
  • Ability to communicate orally.
  • Ability to communicate in writing.
  • Ability to work effectively with others.
  • Ability to work with an ethnically, linguistically, culturally, economically, and socially diverse population.
  • Judgement/Reasoning ability.

REQUIRED EDUCATION:

A Bachelor’s Degree from a recognized college or university in Business Administration, Accounting, Finance, or a closely related field.

REQUIRED EXPERIENCE:

Five (5) years of full-time paid professional experience performing Accounting, Finance, Budgeting or closely related duties and responsibilities.

AND

One (1) year of full-time paid experience as a supervisor, manager, administrator, or executive performing accounting or financial duties and responsibilities.

REQUIRED LICENSE(S).

A valid State of Michigan Driver’s License with a safe and acceptable driving record.

WORKING CONDITIONS:

Work is usually performed in an office setting but requires the employee to drive to different sites throughout Wayne County and the State of Michigan. This position can work remotely with supervisory approval. Currently this position is primarily a remote position.

This description is not intended to be a complete statement of job content, rather to act as a general description of the essential functions performed. Management retains the discretion to add or change the position at any time.

Please Note: DWIHN requires proof of being fully vaccinated for COVID-19 as a condition of employment. Medical or religious accommodations or other exemptions that may be required by law, will be approved when properly supported. Further information will be provided during the recruitment process.

The Detroit Wayne Integrated Health Network is an Equal Opportunity Employer

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