Senior Financial Planning Analyst

Job Title: Senior Financial Planning Analyst

Req: 2023-1310

Location:

Department: Budget and Financial Planning

Shift: Days

Type: Full Time

FTE: 1

Hours:

City State: Renton, WA

Category Professional

Job Description:

JOB DESCRIPTION

The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands, and work environment conditions. Position descriptions are reviewed and revised to meet the changing needs of the organization.

TITLE: Senior Financial Planning Analyst

JOB OVERVIEW: Responsible for a variety of operations within the Budget/Financial Planning Department, including development and measurement of the annual operating & capital budgets, forecasting statistical and financial outcomes, collaborating in the development of pro formas, and ongoing analysis of financial performance using benchmarking and other key levers that drive success.

DEPARTMENT: Budget and Financial Planning

HOURS OF WORK: Typically, Monday - Friday 8:00 am - 4:30 pm

REPORTS TO: Director of Budget and Financial Planning

Prerequisites:

Bachelor's degree in Business, Finance or Healthcare field, required. Master's degree preferred.

Minimum 5-7 years of healthcare clinical financial analyst experience with an emphasis in financial planning, budgeting, and analysis, required.

Demonstrated skill in strategic planning, forecasting, and operational and capital budgeting, preferably in the healthcare industry.

Strong financial planning skills including data collection, financial analysis, and experience preparing and presenting management-level presentations.

Familiarity With Project Development, And Problem-solving Leadership Experience Required.

Knowledge of hospital, practitioner, and non-hospital care services and the key performance indicators that drive their businesses.

Technical experience with systems applications including Epic, Infor (desired), and Microsoft Office suite of products.

Qualifications:

Excellent written and verbal communication skills essential.

Senior level understanding of Financial Planning application architectures (knowledge of Infor applications desired).

Proficient in budgeting and statistical theories.

Skilled in the concepts around practitioner compensation, including productivity and financial forecasting.

Strong analytical skills to independently review data and troubleshoot to ensure data integrity.

Ability to work independently and in teams with good problem-solving skills, communication, and organizational skills.

Demonstrated ability to be self-directed, learn quickly with a strong attention to detail.

Demonstrated ability to work with computer systems and personal computers.

Ability to design complex financial analysis using financial and patient data and industry benchmarks.

Advanced understanding of clinical terms; understanding of service lines within a hospital environment.

Ability to set priorities, produce accurate work, and meet deadlines; ability to function independently in a setting with a wide variety of duties.

Interpersonal skills and an aptitude for communicating with, and relating to, departmental managers and other non-financial personnel.

Ability to maintain confidentiality.

Proficient in Microsoft Office products, especially Excel.

Unique Physical/Mental Demands, Environment, And Working Conditions:

See Generic Job Description for Administrative Partner.

Performance Responsibilities:

Generic Job Functions: See Generic Job Description for Administrative Partner.

Essential Responsibilities And Competencies:

Responsible for managing and completing the annual operating budget for a large segment of the medical center's operations. Specifically, this position will have budget oversight and responsibility of the outpatient Ambulatory Division.

In collaboration with the Director, apply critical thinking to forecast key financial performance indicators to be incorporated into the rolling forecast for the medical center.

Work closely with Valley leadership to analyze monthly and annual financial performance against budget. Provide strategic guidance that assists leaders in making financial decisions.

Using key benchmarking levers, effectively communicate with leaders their financial and statistical performance as compared to peers.

Decipher and delineate market share information for leaders that will assist with strategic decision making.

Maintain the Budgeting application structure. This includes implementing physical database objects, managing data, and utilizing application toolsets to transform data for end users to make business decisions.

Understand the dimensional and relational architecture of the Budgeting application to produce accurate and actionable data.

Ability to design complex analyses of financial, clinical, physician and operations reports.

Create detailed statistical data using various applications. Understand the source, nature and use to further add to the architecture of the budget application and related worksheets.

Analyze and review financial data, variances, trends, and results on a consistent and routine basis.

Ability to draft concise written reports with recommendations to Director level management, as appropriate.

Ability to build and maintain models that include physician data modeling and benchmarking.

Develop solutions that process and manipulate large amounts of data into information that can be used for sound business decisions for annual budgeting and long-range forecasting.

Ability to generate financial and analytical reports which contribute to the overall proper stewardship of organizational resources and empower management to make decisions that improve patient care and ancillary services while being cost effective.

Maintain monthly financial reporting for leaders.

Assist Director of Budget and Financial Planning and other members of the department with special projects as assigned.

Maintain communication with the Director of Budget and Financial Planning.

Demonstrate interdepartmental communication and collaboration.

Demonstrate conformance to Valley Medical Center's policies and procedures.

Perform all job functions in a manner consistent with Valley's cultural expectations defined as Valley Values. These characteristics include quality performance, demonstrating compassion, respect, teamwork, community centered awareness and innovation.

Created: 10/23

Grade: NC28

FLSA: E

CC: 8510

Qualifications:

Job Qualifications:

Senior level understanding of Financial Planning application architectures (knowledge of Infor applications desired).

Proficient in budgeting and statistical theories.

Skilled in the concepts around practitioner compensation, including productivity and financial forecasting.

Strong analytical skills to independently review data and troubleshoot to ensure data integrity.

Ability to work independently and in teams with good problem-solving skills, communication, and organizational skills.

Demonstrated ability to be self-directed, learn quickly with a strong attention to detail.

Demonstrated ability to work with computer systems and personal computers.

Ability to design complex financial analysis using financial and patient data and industry benchmarks.

Advanced understanding of clinical terms; understanding of service lines within a hospital environment.

Ability to set priorities, produce accurate work, and meet deadlines; ability to function independently in a setting with a wide variety of duties.

Interpersonal skills and an aptitude for communicating with, and relating to, departmental managers and other non-financial personnel.

Ability to maintain confidentiality.

Proficient in Microsoft Office products, especially Excel.
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