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Financial Analyst Intern

2 months 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 excellence in education, patient care, community engagement, research, and technological advancement. Our mission is driven by our Strategic Principles, focusing on three essential components: patient care, education, and research, which collectively amplify our societal contributions.

About Us

The University of Michigan aims to advance health on a local and global scale. With annual revenues nearing $8 billion, it stands as one of the premier academic health institutions in the nation, committed to delivering outstanding patient care, fostering innovative research, and cultivating 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, and 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 resolve issues and support decision-making? Do you possess a natural inquisitiveness for investigation and the ability to convert analytical findings into actionable insights? Do you enjoy collaborating with diverse teams to tackle intricate challenges?

Can you work autonomously, requiring minimal supervision to complete projects efficiently and effectively?

Why Consider the University of Michigan?

Anticipated Benefits

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 Reasons to Choose Us

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. Named the best in Michigan by U.S. News & World Report, and 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. Featured 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 formulation, variance analysis, monthly reporting, business planning, costing, performance measurement, and proforma modeling. Design, 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 boost productivity and service delivery. Prepare and communicate monthly financial and operational reports/results to relevant departments and stakeholders. Conduct ad hoc analyses and fulfill other assigned duties.

Required Qualifications*

To be eligible for this position, applicants must meet all required qualifications prior to the commencement of employment.

A Bachelor's degree or higher, preferably in Business, Economics, Finance, Health Administration, or a related discipline. 2 - 5 years of relevant professional experience. Familiarity with data modeling and other analytical tools/techniques relevant to business and financial analytics. Strong problem-solving skills, including root cause analysis, process comprehension, development of alternative solutions, and recommended actions. Proficiency in financial systems, with substantial 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. Proficiency in 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 capacity to analyze complex information and present it clearly to the appropriate audience. 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 submitted as part 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, for any reason, throughout the course of employment.