Financial Analyst

Company :

Job Description : 

GENERAL OVERVIEW:

Responsible for material accuracy of hospital financial statements. Analyzes financial results, trends, performance metrics and provides root cause analysis to support business decisions. Recommends budget adjustments, and other cost improvement measures.

ESSENTIAL RESPONSIBILITIES:

• Records, classifies, and summarizes financial transactions and events in accordance with generally accepted accounting principles. Interprets financial transactions and events for users who must make economic or business decisions. (20%)
• Maintains processes and performs calculations to support the monthly close process and the generation of the monthly financial statements. Provides expertise and education related to budgeting, revenue recognition, and reimbursement. Correlates Revenue/Expense to volumes and prepares reports to assist financial management in assessing financial performance. (20%)
• Evaluates, updates, and maintains processes in support of regulatory and third party changes, quarterly work papers, annual audits, cost accounting, and third party cost reporting. (20%)
• Performs detailed variance analysis against budget, forecast, prior periods, or other benchmarks. (20%)
• Stays abreast of issues impacting the healthcare industry, especially those that have a financial impact to WPAHS. Makes recommendations to Decision Support Management for financial and performance improvement. (20%)
• Performs all other duties as assigned or required.

QUALIFICATIONS:

Minimum

• Bachelor's Degree in Accounting, Finance, Business Administration or related field OR  6 years of relevant experience in lieu of a Bachelor's Degree
• Accounting and budgeting experience

Preferred

• 1 year in financial analysis
• Proficiency with spreadsheet applications and database management

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement : This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times.  In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. 

Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability. 

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