Senior Financial Analyst

JOB SUMMARY:

The Senior Financial Analyst is responsible for the preparation and review of analysis for various business unit leadership, and the board of directors. The position is also charged with accounting, budgetary, and financial analysis activities and supports the finance function of Ranken Jordan through special projects.

DUTIES AND RESPONSIBILITIES:

• Prepare complex financial reports and assist management to compile and interpret financial reports for investment and business decisions.
• Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.
• Recommends actions by analyzing and interpreting data and making comparative analyses, studying proposed changes in methods and materials.
• Research, compile, and analyze financial data while organizing and maintaining database files for financial modeling.
• Increase productivity by developing automated applications, eliminating duplication, coordinating information requirements.
• Consistently delivers concrete, relevant results. Displays qualities of resiliency and resourcefulness while thinking strategically and practically when problem solving. In addition to results orientation, displays business knowledge, speed and decisiveness, and project management.
• Work with operational managers to develop assumptions used in financial models.
• Effectively present and communicate to all levels of the organization.
• Develop and lead special projects.
• Abstract information for financial analysis and decision support purposes, including service-line reporting, proforma and retrospective analysis, capital project analysis, forecasting/trend analysis, cost analyses, financial projections, labor productivity reporting, departmental analysis and other duties as may be identified to assist decision-making.
• Work collaboratively with teams to provide analytical support to annual price setting process, to include data validation, discrepancy analysis, cost analysis, market referencing and rate rationalization modeling.
• Assist the charge master maintenance process through special cost studies and other analytic procedures as assigned

Cost Accounting:

• Analyze and interpret monthly general ledger, payroll, and clinical data.
• Work through monthly cost accounting process, identifying appropriate allocation methodologies for direct and indirect expenses.
• Support operational leadership and clinical teams to
  develop and maintain processes for accurate costing.
• Provide cost data interpretation, variance and trend analysis.
• Research and reconcile anomalies and variances in the cost model.

Contract Analytics:

• Analyze Payor contracts to support revenue expectations.
• Analyze and maintain contract models in decision support software to support profitability reporting.

Continuous Improvement:

• Build and track cost saving and revenue growth initiatives.
• Create, maintain and deploy training materials for Decision Support software modules.

Other Responsibilities:

• Meet accounting and financial objectives by preparing and reviewing analysis; identifying and evaluating trends; analyzing variances; initiating any corrective actions or adjustments.
• Prepare monthly, quarterly and annual reports, schedules, commentaries and supplemental material to be used by management.
• Mentors and supports members of the finance team as an informal leader.
• Research and interpret changes in accounting and financial reporting policy, applying observations and recommendations to operational issues.
• Research and understand changes in the regulatory environment and the potential impact on reporting.
• Review work prepared by other members when necessary, including analysis, financial reporting, journal entries, reconciliations, and audit work papers.
• Prepares analysis and support for management and the operating departments.
• Lead efforts to assess, modify, and/or develop and implement more timely and consistent processes/systems to increase efficiency, accuracy, and meaningfulness of information.
• Demonstrates knowledge in computer applications such as knowledge in databases, spreadsheets and word processing applications in a high complexity environment.
• Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, adopting and implementing industry best practices, and participating in professional societies.
• Protect operations by keeping financial and patient information confidential.
• Supports the finance operation of Northwestern Medicine through special projects.

QUALIFICATIONS:

Required:

• Degree in Finance or Accounting.
• At least 5+ years in decision support role/cost accounting/finance, in a healthcare setting.
• High level of precision and attention to detail, data validation, quality assurance, and data integrity
• Experience in managing data bases.
• Excellent oral and written communication, collaboration, and analytical skills
• Requires technical savvy and ongoing cultivation of flexibility and adaptability.
• Ability to summarize complex issues into key elements.
• Experience in a fast paced, dynamic environment, and able to effectively manage deadlines.
• Advanced knowledge with Microsoft office suite

Preferred:

• Masters in Business (Administration, Finance, Accounting or related) and or CPA/CMA.
• Experience with an enterprise resource planning (ERP) system.
• Proficient in using platforms/applications, such as Blackline, Tableau, etc.
• Experience with a financial planning system.

PHYSICAL DEMANDS:

Include stooping, kneeling, crouching, reaching, grasping, pulling, pushing, standing, carrying and lifting of light loads (up to 35 lb.).

If interested, please submit an application here. Any questions, please email lauren.villanueva@rankenjordan.org