Senior Financial Analyst

Job Overview

The Senior Financial Analyst is a financial accounting generalist position that requires heavy experience in the multi facets of finance and accounting as it relates to health care operations and financial accounting. Provides large-scale analysis on internal control and financial accounting processes. Provides a data source and interface between the traditional back office Finance/IT areas and the departments as related to operations and back office financial accounting.

This position must be fluid and knowledgeable of processes and systems of each.

Business Process Planning as related to Patient Financial Services and Back-Office Accounting Business process development (existing, new and expansion assessments).

Develop financial and internal control process plans and documents as related to the Controller’s Office and Patient Financial Services.

Serve as a resource for the Controller’s Office and Patient Financial Services in the development of business processes including: documentation of procedures; internal control review, documentation and compliance with ARMICS; analysis of current operational processes; collaboration with revenue cycle; reimbursement; and cost accounting elements.

Assist in communications about process development, status and implementation to assure clear understanding.

Assure complete preparation for process implementation of procedures within the Controller’s Office, Cashiering and Patient Financial Services functions and associated information systems.

Decision Support and Financial Accounting Data Management Working knowledge of Hyperion and People Soft in order to have the ability to analyze, create and interpret the data and related financial reports. Possess familiarity and ability to utilize and communicate limitation and strength of data and reports as it relates to operations and financial accounting. Communicate effectively with Administrators and Managers regarding financial accounting data and metrics used to evaluate financial performance.

Complete Ad hoc analytical reports.

Tailor data queries to obtain information appropriate to specific issue/concern. Formulate analysis to reflect accurately the information available. Utilize standard reporting formats or customize reports for specific purpose. Examine processes for elimination, consolidation, improvement, or other changes that will enhance financial performance, internal controls, and analytics.

Budgeting Support - Controller’s Office, Patient Financial Services - Operating and Capital Assist Administrators in the development of operating and capital budgets as related to the Controller’s Office and Patient Financial Services. Communicate to and assist Administrators and Managers responsible for Operating and Capital budget preparation to meet budget process schedules, goals and objectives. Assist Budget Office in:
Design of budget process and tools;
Meeting timetable for budget development;
Layout of data requirements, reporting format for budget preparation, and analysis;
Assessment of budget processes for improvement;
Research and prepare analysis as necessary. Prepare capital budget requests for submission to Capital Approval Committee and/or designated Chief Officer, including:
Analysis of lease versus purchase scenarios;
New versus replacement capital investments;
Coordination with asset management;
Operating Performance Measures/Analysis.

Develop systematic review of internal financial accounting and performance reports to insure revenue and expense data integrity and recognition. Perform necessary General Ledger account reconciliations by the 10th working day of the succeeding month. Preparation of journal entries assuring performance reports accurately reflect statistical and expense data. Complete research and documentation on variance analysis used for financial reporting purposes at the Health system level, to include UPG and SOM at a global financial reporting level.

Lead the Controller’s Office and Decision Support in:
Continuing analysis of existing reports, their possible improvements and benefits;
Account maintenance to assure accurate capture and reporting…