Business Analyst

About the role

The Senior Financial Analyst provides advanced financial planning, analysis, and decision-support services to the Department of Pathology leadership. This role is responsible for developing financial models, preparing complex analyses, managing budgeting activities, monitoring financial performance, and supporting strategic initiatives.

Responsibilities

• Perform complex financial analyses, including profit and loss assessments, lease-versus-buy evaluations, working capital analyses, return-on-investment (ROI) calculations, and financial and operational performance comparisons.
• Develop, analyze, and present financial reports, dashboards, graphs, and charts utilizing data from cost accounting systems, general ledgers, billing systems, and other financial databases.
• Lead the preparation of annual complex budget templates and partner closely with the Finance Director throughout the budgeting process, including collaboration with departmental finance teams and preparation of budget presentations and materials for senior AMC and Ambulatory Care leadership.
• Work with departmental leadership to review and explain budget variances, identify financial trends, and provide guidance on appropriate budgeting practices, fund management, and shortcode utilization.
• Support the annual Internal Controls Certification process, including coordination, documentation updates, and compliance monitoring.
• Develop and maintain sophisticated financial models, reporting tools, and data visualizations to support operational and strategic initiatives.
• Prepare and maintain Memorandums of Understanding (MOUs) to document, monitor, and track institutional financial commitments.
• Conduct special financial studies, business cases, and operational analyses to support strategic planning and informed decision-making.
• Partner with cross-functional teams to develop financial forecasts, statistical analyses, and performance metrics that support departmental objectives.
• Stay current on emerging trends, best practices, and regulatory requirements in financial planning, budgeting, reporting, and control.
• Exercise sound judgment and make recommendations that significantly impact departmental and Michigan Medicine operations, financial performance, and resource allocation.
• Aid in the development, implementation, and continuous improvement of financial policies, procedures, and internal controls.
• Aid in the development, implementation, and continuous improvement of financial policies, procedures, and internal controls.
• Assist in the development, implementation, and continuous improvement of financial policies, procedures, and internal controls.
• Apply advanced knowledge of financial management principles, practices, and procedures to independently resolve complex business and financial issues.
• Exercise sound judgment and make recommendations that significantly impact departmental and Michigan Medicine operations, financial performance, and resource allocation.
• Work with minimal supervision while managing multiple priorities, utilizing creativity, initiative, and problem-solving skills to address complex challenges.

Required Qualifications

• In order to be considered for this position the applicant must have met or will have met all the required qualifications prior to the start date of employment.
• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field.
• Minimum of Five (5) years of progressive professional experience in financial analysis, budgeting, forecasting, or financial management.
• Demonstrated experience supporting complex budgeting processes and providing financial guidance to management.

Desired Qualifications

• Experience in academic healthcare, higher education, or complex matrixed organizations.
• Experience with financial planning systems, business intelligence tools, and advanced data visualization platforms.
• Advanced data analytics experience is desirable.