Financial Planning & Analysis Analyst III, Medical Financial Operations Onsite

About the role

This is an onsite position and requires regular in-person attendance. The Financial Planning & Analysis Analyst III, Medical Financial Operations serves as a financial and operational consultant for a portfolio of medical center administrative, ancillary, inpatient, primary and/or specialty care departments under the guidance and direction of more senior staff.

Responsibilities

• Pursues effective relationships with others by proactively providing resources, information, advice, and expertise with coworkers and members. Listens to, seeks, and addresses performance feedback; provides mentoring to team members. Pursues self-development; creates plans and takes action to capitalize on strengths and develop weaknesses; influences others through technical explanations and examples.
• Completes work assignments autonomously by applying up-to-date expertise in subject area to generate creative solutions; ensures all procedures and policies are followed; leverages an understanding of data and resources to support projects or initiatives. Collaborates cross-functionally to solve business problems; escalates issues or risks as appropriate; communicates progress and information. Supports, identifies, and monitors priorities, deadlines, and expectations. Identifies, speaks up, and implements ways to address improvement opportunities for team.
• Serves as a financial and operational consultant for a portfolio of medical center administrative, ancillary, inpatient, primary and/or specialty care departments under the guidance and direction of more senior staff. Provides operational and financial reporting, analysis and consultation in support of organizational strategic goals; provides resource allocation support including business case development; collaborates with clinical department leadership to drive operational excellence through influence, analysis, interpretation and data validation.
• Supports the evaluation of the business environment by conducting financial assessments (e.g., Situational, Strengths/Weaknesses/Opportunities/Threats, Opportunity-Based Strategic Planning, system value chain analysis); and generating reports summarizing business, financial, or economic data.
• Completes costing activities by identifying cost avoidance and cost recovery opportunities.
• Sustains and improves financial performance by identifying financial trends; using results of analyses; calling attention to operational issues that need to be addressed to improve performance; and partnering with the business to address operational performance issues.
• Supports business modeling by developing best-practice models; analyzing risk alternatives; and developing what-if scenarios and forecasts using in-house models or software.
• Sustains and supports reporting of region/business unit financial information by evaluating financial trends, data analysis reports, and forecasts of income and expense; reviewing assets, liabilities, revenues, and expenses; and using data/inputs from region/business unit systems to support analyses (e.g., membership and utilization reports, volume reporting, day sales inventory, analysis spreadsheets, investment schedules).
• Sustains and supports assessment of the business vision, objectives, and strategic initiatives by conducting research to assess financial impact of strategies and initiatives.
• Supports creating budgets and/or forecasts under the guidance of others in accordance with business strategic initiatives by analyzing budgeting trends; preparing budget and forecasting; and coordinating with others to develop department/regional budgets.
• Evaluates performance/operations/financial state by using and implementing templates (e.g., cash flow, RFA process, weekly unit case report) and computer applications; conducting complex financial analyses (e.g., operating cash flow analyses, pro forma P&L, line item walk forwards, volume building blocks, NPV, IRR, Discounted Cash Flow, statistical analyses, economic analyses); and completing complex variance analysis (e.g., volume, P&L line item, cost of goods, rate).
• Sustains and supports internal and external audits by assisting with preparation of audit schedules and review of audit results.
• Sustains and supports field operations by analyzing their operational/financial performance.
• Sustains and supports Financial Statement Analysis of business partners (e.g., suppliers, customers, co-packers, acquisition targets) by using software systems (Internet, Bloomberg, and D&B), annual reports, and/or interviews; determining the financial status (viability) of business partners; and assessing risk implications.
• Sustains and supports strategic financial planning by performing and evaluating financial, utilization, and benchmark analytics.
• Sustains and supports strategic financial planning by gathering and preparing recommendations for financial plans, acquisition activity, financial requirements, and operating forecasts; and applying financial concepts for financial planning and control.

Requirements

• Bachelor's degree in finance, business, or related field and Minimum three (3) years Financial Planning & Analysis experience, or directly related business experience. Additional equivalent work experience in a directly related field may be substituted for the degree requirement.
• One (1) year finance experience working in a medical center or clinical setting.
• One (1) year experience consulting or working directly with clinical health care leadership.

Qualifications

• Experience with Microsoft Office Suite, including Excel, PowerPoint, and Word.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to manage multiple projects simultaneously.
• Proficiency in financial modeling and analysis tools such as Excel, Access, and SQL.

Skills

• Financial modeling and analysis
• Data analysis and interpretation
• Operational analysis and improvement
• Consulting and collaboration
• Statistical analysis

Benefits

N/A

Pay

N/A

Schedule

N/A