Senior Financial Analyst
1 week ago
Houston Methodist The Woodlands Hospital is seeking a highly skilled Senior Financial Analyst to play a critical role in maintaining and performing complex data analysis related to the clinical or financial performance of our assigned entities or hospitals.
Key Responsibilities- Financial Reporting and Analysis: Compile and report information as requested by Financial Accounting, Internal Audit, Revenue Cycle, department management, and administration.
- Collaboration and Liaison: Work collaboratively with teams and serve as a liaison with Information Technology Business Intelligence and other stakeholders as needed.
- Best Practices and Tools: Develop and advance best practices and tools for business analysis.
- Performance Improvement: Highlight performance issues, identify problems, and research solutions, making recommendations to management for continuous improvement.
- Statistical Reporting: Report statistical information in graphical and other presentation formats.
- Budgeting and Dashboards: Assist with annual operating budgets and maintain monthly dashboards of key indicators and external benchmarks.
- Interpersonal Skills: Interact with all levels within the department, other institutional departments, and across the organization to resolve problems, errors, or questions regarding basic accounting reconciliation items or financial performance.
- Subject Matter Expertise: Serve as a subject matter expert for assigned entities, serving as a role model and mentor to more junior team members.
- Departmental Support: Assist department administrators, faculty members, or department, hospital leadership, and entity leadership in managing the departmental budget.
- Financial Data Extraction: Extract actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership.
- Revenue Projections: Review revenue projections, budget revisions, etc., for physician practice, academic department, or assigned hospital or entity department(s).
- Operational Indicators: Develop, monitor, and report key system operational indicators and recommend improvements.
- Internal Audit Compliance: Follow all internal audit requirements for appropriate system applications.
- Financial Analytics: Utilize/enhance tools to improve the accuracy of financial analytics and enhance revenue opportunities.
- Financial Auditing: Perform one or more of the following:
- Support and Develop Auditing Tools: Support and develop auditing, reporting, and contract modeling tools as needed for identification and analysis of rate and/or fee schedule auditing, financial performance, and contract performance.
- Maintain Dashboards: Maintain monthly dashboards of key indicators and external benchmarks as defined by management.
- Contract Review: Review contracts, calculate provider productivity bonuses/compensation models as appropriate.
- Gift, Grant, and Contract Budget Proposals: Assist in preparation of gift, grant, and contract budget proposals as needed.
- Procedure Maintenance: Maintain and monitor procedures and Standards of Practice (SOP's) for reconciliation process.
- Compensation Methodologies: Maintain working knowledge of hospital and physician compensation methodologies and affecting government regulations, as applicable.
- Continuous Improvement: Identify areas for improvement and make recommendations to management.
- Career Development: Proactively manage own career development.
- Education: Bachelor's Degree in finance, accounting, healthcare administration, business administration, or related field.
- Experience: Three years of financial, budget, or cost accounting analysis experience required; experience in a healthcare environment highly preferred.
- CHFP Certification: CHFP - Certified Healthcare Financial Professional (HFMA)
- CPA Certification: CPA - Certified Public Accountant - State Licensure
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