Senior Financial Analyst

Position Responsibilities

• Maintains and monitors accounts and account balances.
• Develops and presents monthly reports on pharmacy-related data.
• Assists in the creation of forecasting reports for budgeting.
• Collects and manages contracts both internally and externally.
• Reconciles bank deposits and ensures compliance with financial reports.
• Provides explanations for financial variances and works to minimize risks.
• Researches and follows up with payers regarding remits and reimbursements.

Financial Reporting

• Reviews and prepares dashboards for different areas of pharmacy practice.
• Supports financial improvements through data analysis and reporting.
• Prepares annual reports for Hospital Finance and Accounting Services.

Financial Analysis and Planning

• Develops financial proformas for financial planning.
• Analyzes data on a drug-specific basis to determine profitability.
• Creates and maintains medication-related benchmarking data.

Leadership and Training

• Develops project plans and workflows.
• Trains and educates other team members on job duties.
• Maintains a comprehensive understanding of systems for reporting resources.
• Provides backup support to team members as needed.

Universal Competencies

• Adapts to changes and prepares for new work methods.
• Demonstrates a willingness to take on responsibilities and work positively.
• Understands the alignment of work with the organization's mission, vision, and environment.
• Builds and maintains healthy working relationships and partnerships.
• Manages customer expectations and enhances service excellence.
• Works effectively with individuals from diverse backgrounds.

Technical Competencies

• Ensures accuracy and attention to detail in financial processes.
• Analyzes situations thoroughly and makes productive decisions.
• Understands basic accounting principles relevant to UI Health Care.

Education Requirements

A Bachelor’s degree in business administration, accounting, finance, or a related field, or an equivalent combination of education and experience is required.

Experience Requirements

• Minimum of 2 years’ experience in accounting, budgeting, or financial analysis.
• Demonstrated proficiency in complex financial and statistical analysis and presentation.
• Ability to work collaboratively and communicate financial concepts clearly.
• Strong organizational skills, accuracy, and attention to detail.
• Proficiency in computer software applications including Microsoft Excel, Access, Word, and Outlook.

Desired Qualifications

• Masters of Business Administration.
• Familiarity with financial analysis tools.
• Knowledge of EPIC, Power BI, or Tableau.
• Excellent verbal and written communication skills.
• Experience working in a large academic medical center.
• Experience working with health insurance companies.
• Experience working with medication and/or healthcare related data.
• Working knowledge of university policies, procedures, and regulations.