Benefits
- $10,000 Tuition Reimbursement per year ($5,700 part-time)
- $6,000 Student Loan Repayment ($3,000 part-time)
- $1,000 Professional Development per year ($500 part-time)
- $250 Wellbeing Fund per year($125 for part-time)
- Annual Employee Merit Increase and Incentive Bonus
- Paid time off and Holiday pay
Description
The Financial Analyst reflects the mission, vision, and values of NM, adheres to the organization’s Code of Ethics and Corporate Compliance Program, and complies with all relevant policies, procedures, guidelines and all other regulatory and accreditation standards.
The Financial Analyst is responsible for recording transactions, performing analysis activities, and evaluating trends and drivers at Northwestern Medicine. The position will also be charged with the preparation and some review activities related to the month end close process; as well as support for the annual financial statement audit. The analyst will need to understand complex financial concepts in a fast paced environment.
Cost Accounting Addendum:
- Analyze and interpret monthly general ledger, payroll, and clinical data.
- Work through monthly cost accounting process, identifying appropriate allocation methodologies for direct and indirect expenses.
- Conducts comprehensive research to reconcile cost anomalies and variances.
- Work with operational leadership and clinical teams.
- To develop and maintain processes for accurate cost allocations.
- Provides support on data interpretation, variance analysis of data, trends and issues related to costing data.
- Lead special projects to improve and advanced the cost model.
Responsibilities:
- Meet financial objectives by identifying and evaluating trends; analyzing variances; initiating any corrective actions or adjustments.
- Prepare reconciliations; analyze variances; and initiate corrective actions on transactions with ahigh degree of complexity in support for finance and operating departments.
- Provide support and analysis by querying appropriate data, preparing reports, making presentations of analysis, findings, and recommendations to management.
- Research and interpret changes in financial reporting policy, applying observations and recommendations to operational issues.
- Research and understand changes in the healthcare regulatory environment and the potential impact on reporting.
- Maintain professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, adopting and implementing industry best practices, and participating in professional societies.
- Protect operations by keeping financial and patient information confidential.
- Support the finance operations of Northwestern Medicine.
Competencies/Performance Expectations:
- Consistently perform the unique professional/technical competencies and specific job requirements.
- Exemplify customer orientation by identifying, addressing and satisfying customers’ needs and wants, both spoken and unspoken, incorporating the Patients First philosophy.
- Exemplify communication and relationship competencies by fostering an open exchange of information that assures understanding, commitment and effective interpersonal and team relationships.
- Exemplify problem solving by objectively assessing the major elements of a specific situation from a number of viewpoints and consider an array of alternatives to formulate realistic plans and contingencies; taking the appropriate action, and establishing appropriate measurements of anticipated results.
- Exemplify initiative by taking action without being prompted by others and act as a catalyst to spur others to action.
- Exemplify quality by performing the role with accuracy, thoroughness, efficiency and effectiveness in relation to both stated and unstated standards of excellence.
- Demonstrate health & safety responsibility by being knowledgeable about and adhering to hospital-wide and department-specific health and safety standards, integrating them into everyday activities.
AA/EOE
Qualifications
Required:
- Degree in Finance/Accounting or related field.
- 3 years of relevant experience.
- Excellent communication, collaboration, analytical, and accounting skills.
- High level of precision and attention to detail.
- Expert knowledge of Microsoft Office Suite.
Preferred:
- Public Accounting experience.
- CPA or CHFP certification.
- Experience with an enterprise resource planning (ERP) system, preferably PeopleSoft.
- Healthcare finance experience.
Equal Opportunity
Northwestern Medicine is an affirmative action/equal opportunity employer and does not discriminate in hiring or employment on the basis of age, sex, race, color, religion, national origin, gender identity, veteran status, disability, sexual orientation or any other protected status.