Financial Analyst, Full Time

 The following information is designed to outline the functions and position requirements of this job. It does not identify all tasks that may be expected, nor address the performance standards that must be maintained.

General Position Summary:

The financial analyst participates in improving the operational and financial effectiveness and efficiencies of the organization via budget preparation, variance report analysis, pro formas, cost-benefit analysis, sensitivity analysis, and cost accounting. Extracts financial data from various accounting and information systems and manipulate, interpret, and present data in a format that is useful and meaningful for decision-making purposes. Complies with Generally Accepted Accounting Principles, state, national, Medicare, and other payor rules and regulations.  Strong experience in accounting theory and practice required.

Essential Functions / Major Responsibilities:

·         Prepares annual budget, working closely with CFO.

·         Provides ongoing budget analysis and variance explanations.

·         Administers, updates, troubleshoots budgeting software.

·       Conducts budget software training sessions during the year and for budget season

·         Conducts quarterly variance report meetings with department managers.

·     Prepares financial reviews for economic and/or business decisions (including Pro formas, cost-benefit analysis, sensitivity analysis, forecasting, trending, results analysis, “what-if” scenarios, Financial Performance Reviews, and breakeven analysis).

·      Compiles and reports monthly statistics, including payor mix, AR analysis, insurance lag reports, investment analysis reports, capital additions, daily revenue reporting and other analysis type reports.

·         Creates tools for tracking, trending, compiling, and/or reporting data.

·    Complies with state reporting requirements (including UAR, Community Benefits Reports, and Databank).

·       Compiles with Medicare reporting requirements (including Cost Report, Wage, and Occupational Mix surveys).

·         Prepares Cost Report and Wage and Occupational Mix audits.

·         Assists with labor management and benchmarking as needed.

·   Assists with annual audit including occasional reconciliations, fixed asset roll forward, investment roll-forward as needed.

·         Participates and/or leads teams, groups, and committees.

·         Maintains and disseminates cost accounting system information

·    Displays proper etiquette and mannerisms that reflect the Shine Behavior Standards.

·         Promotes the Patient Safety Standards as a core value of the organization.

Secondary Functions:

·         Contributes to strategic planning.

·         Provides support and assistance to Accounts Payable and Payroll staff

·   Participates in departmental and hospitalwide informational meetings and inservices, including staff meetings, hospitalwide forums, and seminars.

·         Reviews department and hospitalwide policies and procedures annually.

·         All other duties as assigned.

Additional / Seasonal Responsibilities:

·     Extra duties during the peak period (fourth quarter of the year) include: Budget, and multiple new projects, procedures, equipment, and services needing to be reviewed for the New Year.

Job Scope:

This job involves:

·         Frequent new and varied work situations.

·         A high degree of complexity.

·  Typical determination of own practices and procedures; Contributes to the development of new services, programs, or processes.

·         Performance under independently-minimal supervision.

Supervisory Responsibility:

·     Position is considered at a professional level and requires proper understanding and guidance to other positions in the department.

·  Decisions are made within prescribed operating guidelines, hospital policy constraints, and broad interpretation of applicable laws and governmental guidelines.

·  Informally makes recommendations concerning long-range operational and strategic planning.

Interpersonal Contacts:

Contacts:

·         Are normally made with others both inside and outside the hospital.

·         Are normally made with other departments or locations.

·        Frequently contain confidential/sensitive information necessitating discretion at all times.

·         Are made via telephone, e-mail, and face-to-face interaction.

·         Are usually with coworkers, with little or no patient and physician contact.

Specific Job Skills & Mental Activities:

·      Proficiency in general office equipment (including fax, printer, copy machine, phone systems, and 10-key) and computer programs (including all Hospital Information Systems, MS Office, internet, and e-mail).

·         Advanced abilities in Microsoft Excel including use of complex formulas.

·         Strong analysis and modeling skills

·     A complete understanding and wide application of technical principles, theories, and concepts in financial analysis and forecasting.

·    Provide technical solutions to a wide range of difficult problems. Solutions are imaginative, thorough, practicable, and consistent with organizational objectives.

·         Ability to manage multiple projects and changing priorities.

·         Attention to detail.

·         Commitment to process improvement.

·         Ability to clearly communicate results of analysis and provide recommendations.

·         Ability to work with integrity and build trust.

·         Ability to establish and maintain effective working relationships with co-workers.

·         Must read, write, speak, and understand English.

Education and/or Experience:

·         Bachelor’s Degree in Accounting or related field (required).

·         Basic computer skills (required).

·         Requires a proven proficiency level typically attained with a minimum of 3 years of experience in healthcare operations (required).

·         CPA and/or CMA (preferred).

·  Proven understanding and application of accounting methods and theories (required) 

Physical Demands & Job Conditions:

Exerts up to 10 lbs. of force occasionally and/or a negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body. Involves sitting most of the time, but may involve walking or standing for brief periods of time. Worker is exposed to extensive computer work.

Physical motions include finger dexterity, standing, walking, talking, reaching, feeling, sitting, bending, grasping, listening/hearing, handling, lifting up to 5 pounds, and repetitive motions of the hands, wrists, and feet.

This is a safety sensitive position.

OSHA Exposure Category:

Involves no regular exposure to blood, body fluids, or tissues, and tasks that involve exposure to blood, body fluids, or tissues and are not a condition of employment.