Financial Analyst III (Onsite - Durham

Financial Analyst III (Onsite - Durham)

Work Arrangement:
Regular or Temporary:
Regular

Location:

Durham, NC, US, 27710 Personnel Area: DUKE HEALTH INTEGRATED PRACTIC

At Duke Health, we're driven by a commitment to compassionate care that changes the lives of patients, their loved ones, and the greater community. No matter where your talents lie, join us and discover how we can advance health together. Duke Health Integrated Practice Pursue your passion for caring with Duke Health Integrated Practice, which comprises more than 110 primary and specialty outpatient clinics, extending the reach of Duke Health's mission across the state of North Carolina.

JOB LOCATION Duke University Hospital– 2301 Erwin Rd, Durham, 27710, NC JOB SUMMARY We are seeking a highly skilled and experienced Financial Analyst III with a specialized focus on clinical healthcare operations (Departmental DHIP), advanced analytical techniques, and leveraging technology to drive financial insights. The ideal candidate will possess a deep understanding of financial principles combined with advanced proficiency in data analysis, modeling, and technology tools, including in-house payroll and financial systems.

This role will play a critical part in providing strategic financial guidance to management and supporting key initiatives within our clinical healthcare entity.

JOB DUTIES AND RESPONSIBILITIES Financial Analysis and Reporting:
Conduct in-depth financial analysis tailored to clinical healthcare operations to support strategic decision-making and optimize financial performance for Departmental DHIP needs, including revenue forecasting, expense management, variance analysis, and payroll cost analysis. Prepare comprehensive financial reports and presentations for management, highlighting key insights, trends, and recommendations specific to Departmental DHIP operations. Prepare consolidated financial statements from multiple departmental missions and entities, including presentation at a Service-Line level.

Budgeting and Forecasting:
Assist in the development and maintenance of Departmental budgets (including Divisional breakdown and sub-units) and forecasts for faculty payroll and clinical operations, collaborating with management and HR teams to ensure alignment with strategic objectives. Utilize advanced forecasting techniques and modeling tools to provide accurate and insightful financial projections. Data Management and Analysis for Healthcare Finance:
Design and implement robust data management processes for financial- and payroll-related data, ensuring accuracy and integrity. Leverage advanced data analytics tools and techniques to extract actionable insights from datasets, supporting informed decision-making by clinical and administrative leadership. Optimize divisional productivity and cFTE reports need for DHIP analysis. Process Improvement and Oversight:
Review departmental processes and procedures, with an eye on better documentation, oversight, and communication. Look for ways to proactively spot process gaps and work with the Manager of Finance to create policy and documentation. Become a knowledge resource for broader School of Medicine and Duke University policies to ensure compliance and risk management. Technology Integration:
Identify opportunities to leverage technology solutions and automation to enhance payroll processes, improving efficiency, accuracy, and compliance. Stay abreast of emerging technologies and best practices in financial analytics, proactively seeking opportunities for innovation and improvement. Streamline financial data for departmental reporting on faculty productivity. Strategic Planning and Decision Support:
Collaborate with cross-functional teams to provide financial guidance and support for strategic initiatives, investments, and business development opportunities. Conduct scenario analysis and sensitivity testing to evaluate the potential impact of payroll-related decisions on financial performance. Risk Management and Compliance:
Assess financial and payroll-related risks and opportunities, developing strategies to mitigate risks while optimizing financial performance. Ensure…