Senior Financial Analyst

Northwestern Memorial Healthcare
Chicago, IL Full Time
POSTED ON 7/9/2024 CLOSED ON 7/12/2024

Job Posting for Senior Financial Analyst at Northwestern Memorial Healthcare

Company Description

At Northwestern Medicine, every patient interaction makes a difference in cultivating a positive workplace. This patient-first approach is what sets us apart as a leader in the healthcare industry. As an integral part of our team, you'll have the opportunity to join our quest for better healthcare, no matter where you work within the Northwestern Medicine system. At Northwestern Medicine, we pride ourselves on providing competitive benefits: from tuition reimbursement and loan forgiveness to 401(k) matching and lifecycle benefits, we take care of our employees. Ready to join our quest for better?

Job Description

The Senior 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.

This position is responsible for retrieving, researching, and organizing financial data into financial reports and must be able set up and organize spreadsheets and databases, and recognize financial trends and drivers. The Senior Financial Analyst will determine if the analysis is reasonable and, if not, be able to correct issues. This position is responsible for meeting deadlines, scheduling meetings, setting priorities, coordinating simultaneously occurring projects, and communicating effectively in both written and oral formats.

The Senior Financial Analyst will establish and maintain positive working relationships with colleagues and consultancies. This individual must understand complex financial concepts and accounting rules and be able to interpret and explain these concepts. The Senior Financial Analyst must be able to critical think critically, even in high-stress situations and still make timely decisions.

Responsibilities:

  • Support monthly review and analysis of operational performance relative to NM Medical Group financial and productivity goals.
  • Monitor budget performance by reviewing and analyzing actual expenditures and budget variances.
  • Prepare financial reports and interpret financial data to inform decision making. 
  • Support coordination across financial systems to ensure consistency across multiple platforms and process owners.
  • Support finance and operational leadership during the annual budget planning process, helping to create accurate, realistic and optimized fiscal year budgets.
  • Conduct financial analysis to support decision making related to physician, advanced practice provider and staff requests.
  • Completes special projects as assigned.

Qualifications

Required:

  • Bachelor’s degree in Accounting, Finance or related field
  • Advanced knowledge of Microsoft Office programs, particularly Microsoft Excel.
  • Three or more years of financial analysis experience
  • Strong analytical and problem-solving skills
  • Strong verbal and written communication skills

Preferred:

  • Master of Business Administration (MBA), Master of Health Administration (MHA) or Master’s degree in a relevant analytical field
  • Five years of accounting/finance experience
  • Previous healthcare experience

Additional Information

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.

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Estimate Salary for Senior Financial Analyst in Chicago, IL
$90,687 (Medium)
$81,101 (25th)
$100,273 (75th)
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