Lead, Finance & Banking, Financial Analyst

Senior Financial Analyst

At Houston Methodist, the Senior Financial Analyst position is responsible for maintaining and performing complex data analysis related to the clinical or financial performance of the assigned entity or hospital and/or contractual relationship. The Sr. Financial Analyst is also responsible for independently compiling and reporting information as requested by Financial Accounting, Internal Audit, Revenue Cycle, their department and entity management or administration.

The Sr. Financial Analyst works collaboratively with teams and may serve as a liaison with Information Technology Business Intelligence and other stakeholders, as needed. This position is actively involved in developing and advancing best practices and tools for business analysis. The Sr. Financial Analyst highlights performance issues, identifies problems and researches solutions and makes recommendations to management for continuous improvement.

Reports statistical information in graphical and other presentation formats. Other responsibilities may include the assistance with annual operating budgets and maintenance of monthly dashboards of key indicators and external benchmarks. May also be assigned to additional responsibilities; such as payer reimbursement analysis and financial reconciliation.

We are seeking a Senior Financial Analyst with experience managing the financial aspects of intramural and extramural grants throughout the pre-award and post-award lifecycle. Responsibilities include clinical trial budget development and negotiation, financial analysis, forecasting, compliance monitoring, and ad hoc reporting. The ideal candidate will have strong analytical skills, experience supporting research operations, and the ability to collaborate with investigators, sponsors, and institutional stakeholders to ensure accurate financial management and reporting in a fast-paced academic/healthcare environment.

• Bachelor's Degree in finance, accounting, healthcare administration, business administration or related field.

• Three years of financial, budget or cost accounting analysis experience required; experience in a health care environment preferred

• Demonstrates the skills and competencies necessary to safely perform the assigned job, determined through on-going skills, competency assessments, and performance evaluations.
• Sufficient proficiency in speaking, reading, and writing the English language necessary to perform the essential functions of this job, especially with regard to activities impacting patient or employee safety or security.
• Ability to effectively communicate with patients, physicians, family members and co-workers in a manner consistent with a customer service focus and application of positive language principles.
• Advanced analytical thinking and creative problem solving and ability to define a variety of approraches to business problems.
• Advanced knowledge of business process analysis, system requirements, data modeling and functional design.
• Strong project management skills.
• Strong statistical analysis and data reductions skills.
• If assigned to Hospital:
  Familiarity with hospital patient data bases and relationship to other financial and non-financial systems preferred.
• Working knowledge of cost accounting system(s).

• Interacts with all levels within the department, other institutional departments, and across the organization as well as outside companies to resolve problems/errors or questions regarding basic accounting reconciliation items or financial performance in a timely manner.
• Serves as subject matter expert for assigned entity(s) (Hospital, Physician Organization, Research Institute, Academic Institute, HM Foundation, MOB, for Clinical and Financial reporting systems. Serves as role model and mentor to more junior team members. Supports training and onboarding of new team members.
• Assists department administrator, faculty members or department, hospital leadership and entity leadership in managing the departmental budget.
• Extracts actual and budget financial accounting General Ledger (G/L) data or financial data from appropriate sources to report and reconcile with appropriate leadership. Generates accurate and timely reports.
• Reviews revenue projections, budget revisions, etc., for physician practice, academic department or assigned hospital or entity department(s)
• Develops, monitors and reports key system operational indicators and recommends improvements. Highlights performance issues, identifies problems and researches solutions. Makes recommendations to management for improvement.
• Follows all internal audit requirements for appropriate system applications.
• Utilizes/enhances tools to improve the accuracy of financial analytics and enhance revenue opportunities. Submits invoices and follow-up with industry partners as needed. In addition, prepares necessary journal entries for coordinator effort and Principal Investigator (PI) oversight as…