Sr Financial Analyst

About the role

The Financial Analyst II can perform either the Accountant role or the Financial Analyst role described below. The Accountant position may be responsible for the preparation, accuracy, completeness, and analysis of financial statements and related financial information including, but not limited to, reconciliations, tax returns, annual audits, budgets, projections, cost reports, and fixed assets. Research and interpretation of Generally Accepted Accounting Principles (GAAP) and other regulations is required to assure conformance in reporting. Assists subsidiaries and provides management and other employees within the organization with financial analysis and information used for decision making. The Financial Analyst assists with the support of the MyMichigan Health's Decision Support System (EPSi) through the analysis and evaluation of the financial and operational performance of health system's affiliates.

Responsibilities

• Maintains expense units and budgeting man-hours of assigned departments during the budgeting process. (15%)
• Generates FTE and productivity reports and analysis on a monthly basis, including analysis by department and Line Officer. (15%)
• Accurate and timely reporting of monthly performance and productivity reports. (40%)
• Prepares fixed and variable budget databases based on Board-approved budget. (15%)
• Prepares cost analysis for other departments and strategic business units as requested with the time frames stated. (15%)

Additional duties

• Demonstrates understanding of integrated system applications including relational databases.
• Develops and maintains required documentation of procedures in dealing with all applications under the direction of the department manager and in collaboration with financial services, Information Resources, and Quality Resource Management.
• Supports system-wide clinical pathway development. Collects, stores, retrieves and disseminates data, information or materials as directed.
• Identifies best practice for specific high volume, high risk, high cost DRG's. Builds tables and indicators to support clinical paths.
• Develops standard reports to support clinical path project leaders and strategic business unit leaders.
• Develops/prepares reports to support medical staff inquiries during the re-credentialing process.
• Works with clinical path project leaders, strategic business unit leaders, and QRM staff to develop information flow to the medical staff and maintains information flow to teams and medical staff.
• Assists in the review and maintenance of cost standards.
• Functions as a resource to staff in assisting them to maximize utilization of system applications. Resource to all users.
• Provides ongoing clinical support and education for users.
• Provides ongoing support to medical and administrative leaders on their use of the decision support system particularly as it relates to patient care coordination.
• Participates in appropriate clinical committees ensuring that the decision support system meets system-wide analysis needs.
• Maintains and updates master file structures, communications with Information Resources, QRM, financial services and/or vendor representatives as required changes occur, test programming changes and/or updates to the system.
• Assists in efforts to provide comprehensive medical and financial data to internal users. Facilitates the collection of accurate and complete data.
• Assures integrity of data is developed and maintained. Audits and consults with users to ensure data integrity.
• Develops system to gather data to support medical staff activities such as surgical case review, infection control, blood and drug utilization, etc.
• Develops written procedures and routinely audits decision support subsystems to ensure data integrity.
• Understands the decision support system financial structure as it impacts the patient database and assists financial team members with costs standards enhancements and operational procedures.
• Takes initiative to take on extra assignments or to assist others during periods of increased activity.

Qualifications

• Bachelor's Degree in Accounting, Finance, or Business related field required.
• 3 years of experience working in a medical center or similar setting, with knowledge of cost accounting, general ledger, and preparing financial statements required.
• Experience with financial system, integrated financial decision support system with clinical components strongly preferred.
• Certified Public Accountant (CPA) Certification preferred.

Skills

• Knowledge of data analysis interpretation, writing skills, and complete knowledge of Microsoft Suite required.
• Ability to work in teams in a collaborative manner.
• Creative, flexible, open to change, results-oriented, organized.
• Demonstrates critical thinking and ability to resolve problems.
• Strong understanding of statistical methods.
• Excellent interpersonal and relationship-building skills.
• Ability to understand and apply current available databases to hospital practice patterns.
• Demonstrated ability of project management.
• Demonstrate a positive, courteous, and helpful attitude toward co-workers within and outside of the department.
• MyMichigan Health is a technology driven organization and employees need to demonstrate competency in Microsoft Windows. An employee may be required to participate in further learning opportunities offered by MyMichigan Health.

Working conditions

• Exposure to stressful situations, including those involving public contact, as well as trauma, grief and death.
• Able to wear personal protective equipment that includes latex materials or appropriate substitute if required for your position.
• Able to move freely about facility with or without an assisted device and must be able to perform the functions of the job as outlined in the job description.
• Overall vision and hearing is necessary with or without assisted device(s).
• Frequently required to sit/stand/walk for long periods of time. May require frequent postural changes such as stooping, kneeling or crouching.
• Some exposure to blood borne pathogens and other potentially infectious material. Must follow MyMichigan Health bloodborne pathogen and TB testing as required.
• Ability to handle multiple tasks, get along with others, work independently, regular and predictable attendance and ability to stay awake.
• Overall dexterity is required including handling, reaching, grasping, fingering and feeling. May require repetition of these movements on a regular to frequent basis.
• Physical Demand Level: Sedentary. Must be able to occasionally (0-33% of the workday) lift or carry 0-10 lbs.