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Financial or Bus Analyst Sr

2 months ago

Ann Arbor, United States Acord (association For Cooperative Operations Research And Development) Full time

Michigan Medicine Financial Services is seeking a dedicated and detail-oriented Financial/Business Analyst to join our team for the implementation and ongoing support of our benchmarking tool Vizient's Operational Data Base (ODB). The ideal candidate will be familiar with hospital operations and capable of working with various department-level functions and internal data sources. This role requires strong analytical skills, a high proficiency in Microsoft Excel, and excellent interpersonal and organizational abilities. Data Management and Mapping: Collaborate with the Vizient Operational Data Base (ODB) Data Team to ensure all implementation deadlines are met. Map hospital cost centers to the ODB tool for comparable reporting departments. Map General Ledger expense sub-accounts and payroll job codes to the appropriate data elements. Collect or manage the collection of all facility cost center-level information. Ensure data elements are reported according to ODB guidelines. Communication and Coordination: Serve as the facility's direct contact for all department manager needs. Complete the data submission by the quarterly submission deadline. Disseminate reports and coordinate/conduct department manager report training. Create employee awareness of the benchmarking process. Serve as the communication link between the hospital and other program participants. Review the ODB ListServ, Program Release Notes, and other communications to stay current in program updates and best practices for data submission and reporting utilization. User and Data Management: Set up and maintain user access to the ODB tool, determining which level of access users will be assigned. Build, save, and export reports. Interpret reports to identify opportunities for improvement. Role Coordination and Support: Work with the Data Associate to identify data collection project requirements. Organize resources for data collection. Enter, finalize, and submit data in the Data Collection module. Identify ODB reporting and training needs. Develop compare groups for relevant benchmarking. Experience with data sources such as:

5+ years (Senior) of professional experience related to Finance and/or Benchmarking 2-5 years (Intermediate) of professional experience related to Finance and/or Benchmarking General Ledger expense and Chart of Accounts. Payroll data summarized by department and job code. Quarterly or Annual Financial Statements. Department Financial Responsibility Summaries. Revenue and Usage Reports.

High-level expertise with Microsoft Excel. Experience with Vizient ODB benchmarking software. Ability to read and analyze data/reports. Strong analytical skills for compare group development and data analysis. Excellent interpersonal, communication, organization, and time management skills. Familiarity with hospital operations and a working knowledge of department-level functions and operations. Good rapport with senior and middle-level management. Additional Skills and Attributes: Ability to work independently and collaboratively within a team. Detail-oriented with strong problem-solving abilities. Ability to manage multiple tasks and meet deadlines. This position may be underfilled at a lower classification depending on the qualifications of the selected candidate. The mission of Michigan Medicine is to improve the health of patients, populations, and communities through excellence in education, patient care, community service, research, and technology development, and through leadership activities in Michigan, nationally, and internationally. With annual revenues of over $6.0 billion, Michigan Medicine ranks as one of the top academic health centers in the country, and is committed to providing exceptional patient care, facilitating groundbreaking research and developing the next generation of physicians and scientists. Michigan Medicine consists of the University of Michigan Hospitals, the University of Michigan Medical School and its Medical Group, Michigan Health Corporation, and affiliated health systems. Michigan Medicine Finance serves as the central finance group for the organization and is comprised of six functional areas: Finance Analytics, Clinical Financial Planning & Analysis, Enterprise Financial Reporting, Reimbursement, Medical School Finance, and Financial Systems. The Finance Analytics Team provides a key role in internal funds flow, benchmarking, and insurance contract modeling. The primary customers for this role include Michigan Medicine operational and financial leadership, as well as departments within the organization. The University of Michigan conducts background checks on all job candidates upon acceptance of a contingent offer and may use a third party administrator to conduct background checks. Background checksare performed in compliance with the Fair Credit Reporting Act. Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society. Job openings are posted for a minimum of seven calendar days. The review and selection process maybegin as early as the eighth day after posting.Thisopening may be removed from posting boards and filled anytime after the minimum posting period has ended. The University of Michigan is an equal opportunity/affirmative action employer.

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