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Senior Financial Analyst, Hybrid, New Brunswick
4 months ago
Job Overview:
The Senior Financial Analyst will generate standard and custom financial and productivity reports. They will verify data and maintain accurate system information. They will be the primary budget and financial reporting resource for their designated area of the medical group for all divisions/departments for that area.
Qualifications:
Required:
- At least 3-5 years of experience working as a financial, budget or business analyst required
- Bachelor s Degree in Finance, Accounting, Economics, Business Administration or related field required
- Demonstrated proven ability to take on increasing responsibility in a fast pace environment
- Progressive experience working as part of a team and as an individual
- Prior healthcare industry experience
- Proficient in Microsoft Office with advanced skills in excel (Pivot tables, conditional statements, and v-lookups required)
- Excellent written and oral communication skills
- Demonstrated ability to understand internal and external financial reports to develop meaningful analysis for leadership
- Ability to communicate and work effectively with a diverse group of business professionals at all levels of the organization including management, physicians, operations, and business development.
- Ability to prioritize and meet multiple deadlines effectively
- Must have strong attention to details
- Maintaining strict confidentiality of files and reports
Preferred:
- Master s degree preferred
- Prior knowledge of industry benchmarking data (MGMA, AMGA, etc.) and CMS physician coding/billing/wRVU guidelines is preferred
Essential Functions:
- Analyze monthly results vs budget and provide feedback to clinical division/department leadership on opportunities. Prepare adjusting journal entries as necessary for either actual or budget timeseries within the health system financial reporting systems.
- Prepare annual budgets for the health system clinical professional enterprise. This includes maintaining staffing grids, position control, other expenses. Assist department leadership with statistical budgeting at provider level to support benchmarking initiatives.
- Track and review compensation data and calculate bonus reconciliations in conjunction with Physician Compensation area.
- Prepare financial impact analysis in conjunction with division/department leadership for clinical enterprise FTE requests related to replacements, upgrades, downgrades and net new requests.
- Support Workforce processes for assigned divisions.
- Assist with maintaining cFTE data points for all clinical providers within the professional enterprise they are assigned to. Verify accuracy of data on a regular basis in conjunction with physician compensation and clinical leadership.
- Prepare proforma analysis in conjunction with clinical leadership related to capital spending needs. Calculate ROI and assist with SBAR items as necessary.
- Assist department leadership with revenue cycle items as necessary. This includes researching work queue issues, interacting with corporate revenue cycle team and providing impact analysis for new procedures, supplies or the like. Assist with coding/HIM inquiries as required.
- Discreet handling of confidential information
- Other duties as assigned
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Benefits and Perks:
At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees physical, emotional, social, and financial health.
- Paid Time Off (PTO)
- Medical and Prescription Drug Insurance
- Dental and Vision Insurance
- Retirement Plans
- Short & Long Term Disability
- Life & Accidental Death Insurance
- Tuition Reimbursement
- Health Care/Dependent Care Flexible Spending Accounts
- Wellness Programs
- Voluntary Benefits (e.g., Pet Insurance)
- Discounts Through our Partners such as NJ Devils, NJ PAC, Verizon, and more
Choosing RWJBarnabas Health
RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.
RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.
Equal Opportunity Employer
