Financial Analyst Intern

1 week ago

Ann Arbor, Michigan, United States University of Michigan Full time

Mission Overview

The University of Michigan is dedicated to enhancing the health of individuals, communities, and populations through outstanding education, patient care, community engagement, research, and technological innovation. Our mission is anchored in our Strategic Principles, focusing on three essential elements: patient care, education, and research, which collectively amplify our societal contributions.

About Us

The University of Michigan aims to advance health both locally and globally. With annual revenues nearing $8 billion, it stands as one of the premier academic health institutions in the nation, committed to delivering exceptional patient care, pioneering research, and nurturing the next generation of healthcare professionals. Our organization encompasses the University of Michigan Hospitals, the University of Michigan Medical School and its Medical Group, Michigan Health Corporation, along with affiliated health systems.

The Finance department at the University of Michigan operates as the centralized financial entity, comprising seven key functional areas: Medical Group Finance, Clinical Financial Planning & Analysis, Enterprise Financial Reporting & Forecasting, Reimbursement, Medical School Finance, Real Estate, and Financial Systems.

Is This Role Suitable for You?

Are you passionate about analyzing large datasets to address challenges and support decision-making? Do you possess a natural inclination for inquiry and the capability to convert analytical findings into actionable insights? Do you thrive in collaborative environments, working alongside various teams to tackle intricate issues?

Can you operate autonomously, requiring minimal supervision to deliver projects efficiently and effectively?

Benefits of Joining Us

What You Can Expect:

Comprehensive medical, dental, and vision coverage starting on your first day Flexible spending accounts Prescription Drug Plan Mental health and wellness programs Child Care Resources Life Insurance Legal Services Plan Retirement Savings Opportunities

Additional Highlights

Recognized as a Leapfrog Top Teaching Hospital Ranked among the top employers in Michigan by Crain's Detroit Business Awarded a prestigious five-star overall rating for quality and safety by CMS. Rated best in Michigan by U.S. News & World Report, the only Michigan hospital on the nation's Honor Roll of hospitals Ranked No.9 in Expertscape's All-Around Expert Medical Centers for excellence across 21 medical and surgical specialties. Named among the World's Best Hospitals by Newsweek and Statista, the only Michigan hospital on the list.

Key Responsibilities

Collaborate with finance and operational leaders to deliver financial analysis support, including budget creation, variance analysis, monthly reporting, business planning, costing, performance measurement, and proforma modeling. Develop and propose innovative methodologies and tools for data-driven decision-making and strategic planning. Engage in multidisciplinary teams to assess strategic, operational, and financial dimensions of the clinical enterprise. Conduct business case analyses, including the development of financial models and evaluation of business trends to identify growth opportunities. Participate in special initiatives aimed at enhancing reporting, analysis, and internal processes to drive productivity improvements and service delivery. Prepare and communicate monthly financial and operational reports/results to departments and stakeholders. Conduct ad hoc analyses and perform other assigned duties.

Required Qualifications

To be eligible for this position, candidates must meet all required qualifications prior to the start date of employment.

A Bachelor's degree or higher, preferably in Business, Economics, Finance, Health Administration, or a related field. 2 - 5 years of relevant professional experience. Familiarity with data modeling and analytical tools/techniques related to business and financial analytics. Strong problem-solving skills, including root cause analysis and process comprehension. Proficiency in financial systems, with significant experience using Microsoft products (Excel, PowerPoint, Word, Outlook). Ability to prioritize competing tasks, manage workflow, and meet operational deadlines with minimal oversight. Demonstrated understanding of fundamental financial principles, including knowledge of financial statements and metrics.

Desired Qualifications

Experience with Oracle, Hyperion, or PeopleSoft. Familiarity with data querying tools or experience with relational databases. Ability to translate analyses into actionable insights for informed decision-making. Strong communication skills, both verbal and written, with the ability to distill complex information into clear and concise material for diverse audiences. Experience in a healthcare, higher education, or academic medical center environment is preferred.

NOTE: Please include a cover letter that outlines how your experience aligns with the job requirements. The cover letter should be included as a page of your resume.

Work Modes

Positions eligible for hybrid or mobile/remote work arrangements are determined by the hiring department. Work agreements are reviewed annually and may change at any time during employment.

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