Healthcare Financial Analyst

20 hours ago


Irving, United States PSN Affiliates Full time

Position: Healthcare Financial Analyst
Location: Irving,TX
Full time 

 

Financial Analyst

This position description has been designed to indicate the general nature and level of work performed by employees within this classification.  It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications which may be required of the employee assigned to the position.  Depending on the size of the facility the job duties may vary. Receipt of the job description does not imply nor create a promise of employment, nor an employment contract of any kind; my employment with the Company is at will. 

Position Summary

The Financial Analyst is responsible for the financial analysis, planning, forecasting, and reporting needs of the assigned business unit(s). The incumbent will lead the creation and presentation of new financial models, ad hoc financial analysis, business case support, and provide proactive insights of trends and activities within the assigned business unit.

Position’s Essential Responsibilities

  • Works directly with CEO, COO, VP of Finance, and senior management on essential corporate finance and corporate development assignments in a fast paced and dynamic environment.
  • Performs in-depth due diligence and valuation modelling on current portfolio holdings and prospective acquisitions. Acquisition analysis may include leveraged buyouts, distressed medical facility recapitalization and turnaround analysis, equity swaps, syndication of investors, and analysis of prospective debt structures.
  • Produces valuation models on current and prospective organic capital projects including building medical facilities from the ground up.
  • Prepares financial and operational materials and presentations for executive management, lenders, current and potential investors, and board of directors.
  • Provides analysis of financial data and performance measures, trend analysis, pro formas, forecasts, and the monitoring of key financial metrics. Prepares reports for CEO and senior management, including recurring reports and ad hoc reports.
  • Develops tools and analytics to perform various types of financial analysis.
  • Provides variance analysis of budget vs. actual results for assigned areas, providing explanations of the causes of any variances.
  • Leads the budgeting and forecasting process, including the development and analysis of operating budgets.
  • Develops procedural costs and profitability analysis for clinical services.
  • Develops productivity analysis and work load assessments for clinical services.
  • Partners with the Director of Reimbursement and Director of Revenue Cycle Management to conduct price and rate analysis based on costs and assists in the development of sliding fee scale.
  • Provides analysis and information as necessary to support the external audit. Obtains the necessary supporting documentation and prepares analysis as requested by external auditors.
  • Participates and/or leads special projects as needed.
  • Works with business management and clinical teams to assist in the development of new procedures or processes to improve performance.
  • Develops any new analysis and reporting, or modifies existing analysis and reporting, based upon the changes or new information available.
  • Ensures compliance with regulatory requirements.
  • May work closely with others, including assigning tasks, training team members, reviewing reports, determining risks and rewards, compiling data, and organizing presentations for upper management, as well as overseeing reporting by others, data management and monitoring financial software.
  • Performs other duties that may be necessary or in the best interest of the organization.

Other Responsibilities

  • Completes required orientation as directed by facility
  • Follows facility and OSHA safety rules and procedures while on assignment
  • Respects cultural and religious practices of patients
  • Upholds HIPAA regulations
  • Punctual and dependent for assigned/confirmed shifts

Position Requirements

  • Has the ability to remain calm, even under the most stressful of situations
  • Ability to handle confidential information in a discreet, professional manner
  • Must be detail-orientated; accuracy is imperative
  • Ability to meet deadlines; customer focused
  • Excellent oral and written communication skills
  • Excellent organizational and analytical skills
  • Ability to process and follow-up on rush items
  • Ability to be an effective team member and display initiative
  • Proficient with MS Word and Excel
  • Ability to process and follow-up on rush items
  • Ability to multi-task in a fast-paced environment.

Education and Experience

  • 4 years/Bachelor's Degree in Finance, Business, Accounting or related field.
  • Must possess a fundamental understanding of the standard concepts, practices and procedures of accounting/bookkeeping
  • Two (2) years in similar role; healthcare-related preferred
  • Proficiency with a computerized accounting system
   
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