Financial Analyst II

Job Profile Summary

This role focuses on performing a variety of financial activities, including accounting, financial analysis, audit, tax, and collections, while ensuring compliance with regulatory standards. In addition, this role focuses on performing the following Financial Planning & Analysis duties: Short and long-term financial planning and/or financial analysis of business operations for the purpose of measuring and forecasting future business performance. This includes the analysis of internal financial information (e.g., profit loss accounts, financial statements, working capital, costs, prices, expenses, revenues, rates of return, etc.) and of external economic conditions and their impact on business operations (e.g., inflation, interest rates, exchange rates, etc.). Conducts financial modeling to measure and forecast potential impacts of financial transactions and corporate development activities. A professional individual contributor role that may direct the work of other lower level professionals or manage processes and programs. The majority of time is spent overseeing the design, implementation or delivery of processes, programs and policies using specialized knowledge and skills typically acquired through advanced education. A senior level role that requires advanced knowledge of job area typically obtained through advanced education and work experience. Typically, responsible for: managing projects / processes, working independently with limited supervision, coaching and reviewing the work of lower level professionals, resolving difficult and sometimes complex problems.

Job Overview

This position provides support for the planning function of the organization through research, analysis and the maintenance of data and information. Assists in providing timely financial analysis and reporting of product and service line profitability, program review / expansion and other analysis for special projects and initiatives, as requested. Provides reporting for leaders to help managing and maintaining the correct level of productivity and staffing requirements as well as financial analyses and modeling related to the monthly variance reporting and annual budget process.

Job Description

Minimum Qualifications:

1. Bachelor's degree in Accounting or Finance

2. Three (3) years of experience in Financial Planning and Analysis.

Preferred Qualifications:

1. Five (5) years of experience in healthcare Financial Planning and Analysis

2. Healthcare experience to include Physician Group Finance.

Duties and Responsibilities: The duties and responsibilities listed below are intended to describe the general nature of work and are not intended to be an all-inclusive list. Other duties and responsibilities may be assigned.

1. Maintains the budget and forecasting system and related database. Tasks include loading data, auditing data and running various checks to make sure information is accurate before opening the database for utilization by others.

2. Utilizes the budget and forecasting system, general ledger financial reporting and the patient billing system, produce assigned management reports at various intervals (weekly, monthly, quarterly, and ad hoc).

3. Assists in development of financial analysis to support new business proposals, potential service lines expansion and/or business planning process.

4. Assists in the financial profitability analysis of varied organizational/operational cross sections to support operations and management decisions.

5. Culls, interprets and presents information in succinct and easily understandable formats for senior leaders and others within the organization. Works with department managers to understand reports and data distributed and to assist in formulating action plans based on information produced including development of timelines and data needs for monitoring progress.

6. Reports key volume statistics and metrics for the system.

7. Oversees, trains, and mentors junior team members in all budget/planning functions and any special projects which may arise.

8. Trains budget system users on budget entry and reporting functionality.

9. Leads system improvement and/or implementation of new technology.

10. Responds to ad hoc financial analyses, special projects, and other similar or related duties as required or directed.

11. Works with department manager on financial analysis for new and existing programs; Support all aspects of the analysis including compensation and productivity benchmarking; revenue and expense forecasting; and staffing analyses in order to develop proforma and ROI analyses.

12. Documents workflow and processes to aid in standardization and process improvement.

13. Provides accounting support as needed including, but not limited to general ledger entry posting, general ledger account reconciliations.

14. Works closely with Accounting department to generate and present monthly actual to budget variance analysis.

15. Maintains general ledger financial reports including balance sheets, trial balances, income statements, and chart of accounts. Updates reports for new accounts and cost centers and verifies accuracy of reports. Create and test custom reports as requested.

16. Maintains collaborative team relationships with peers and colleagues in order to effectively contribute to the working group's achievement of goals, and to help foster a positive work environment.

17. May assist in the development of the five year financial plan that is updated annually that ties to the Corporate Strategic plan.

18. May assist in maintaining the Decision Support System (DSS) and ensure data integrity.

Physical Requirements:

1. Professional office environment with typical office requirements such as computers, phones, photocopiers, filing cabinets, etc.

2. This is largely a sedentary role, which involves sitting most of the time, but may involve movements such as walking, standing, reaching, ascending / descending stairs and operate office equipment.

3. Frequently required to speak, hear, communicate and exchange information.

4. Able to see and read computers displays, read fine print, and/or normal type size print and distinguish letters, numbers and symbols.

5. Occasionally lift and/or move up to 25 pounds.

6. Requires manual dexterity using fine hand manipulation to operate computer keyboard.

Skills & Abilities:

1. Ability to apply financial management concepts and methodologies to projects.

2. Demonstrated ability to work and effectively communicate with individuals from a variety of backgrounds, disciplines and levels of expertise, strong facilitation and presentation skills.

3. Effective analytical thinking and ability to gather, understand, integrate, and synthesize complex information in order to develop solutions, make recommendations, or propose action plans, excellent problem-solving skills.

4. Knowledge of hospital financial analyses and decision support systems as well as statistical and analytic software modes (Tsi, Access, Excel, AMS).

5. Strong computer skills, including proficiency with MS Office (Word, Excel and Power Point), and familiarity with databases (e.g., experience using MS Access) and Meditech systems.

6. Outstanding attention to detail, strong organizational skills, and the ability to anticipate programmatic needs.

7. High degree of professional confidence, credibility, and communication skills to effectively work with leadership teams.

8. Ability to coordinate across disciplines and departments, able to work both independently and with stakeholders.

9. Highly professional manner with an ability to maintain sensitivity, confidentiality, and tactfulness.

10. Excellent writing skills including the ability to draft and present program materials.

11. Comfortable with ambiguity-works to resolve open questions, can define a process to resolve ambiguity, is comfortable that the plan may change.

12. Concise and effective verbal and written communication skills-can talk easily to a variety of audiences.

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