Financial Analyst III (Onsite - Durham)
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.
Job Duties And Responsibilities
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.
Aid 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.
Leverage advanced forecasting techniques and modeling tools to provide accurate and insightful financial projections.
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.
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.
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.
Develop and optimize departmental payroll system within a clinical healthcare environment to meet new DHIP compensation structures, ensuring accuracy, efficiency, and compliance with regulatory requirements.
Collaborate with HR and IT teams to implement system enhancements, upgrades, and integrations to streamline payroll workflow, including automated faculty pay statements, effort allocations, and annual compensation reports.
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.
Assess financial and payroll-related risks and opportunities, developing strategies to mitigate risks while optimizing financial performance.
Ensure compliance with regulatory requirements and internal policies related to financial management, payroll processing, and reporting.
Job Eligibility Requirements
Bachelor's degree, preferably in Finance, Accounting, Healthcare Administration, or related field; MBA preferred.
Required: 6 years of experience in performing a full range of tasks associated with business systems. Or an equivalent combination of relevant education and/or experience.
Preferred: Proven experience as a financial analyst within the healthcare industry, with a focus on leveraging technology and data analytics to drive financial insights.
Preferred: Experience with payroll systems administration and optimization, including knowledge of relevant regulations and compliance requirements.
Required: Advanced Excel abilities; SAP and Axiom experience; Strategic mindset.
Job Hours
The schedule for this position is day shifts, Monday-Friday, with no weekends or holidays.
Equal Opportunity Employer
Duke is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex (including pregnancy and pregnancy related conditions), sexual orientation or military status.