Financial or Business Analyst Intermediate

Job Opening ID

249118

Working Title

Financial or Business Analyst Intermediate

Job Title

Financial or Bus Analyst Inter

Work Location

Michigan Medicine - Ann Arbor

Ann Arbor, MI

Full/Part Time

Full-Time

Regular/Temporary

Regular

FLSA Status

Exempt

Organizational Group

Exec Vp Med Affairs

Department

MM Financial Srvcs

Posting Begin/End Date

5/16/2024 - 6/15/2024

Career Interest

Finance

Summary

Michigan Medicine Finance is seeking a financial analyst to join the Clinical Financial Planning and Analysis (CFPA) team. The Clinical Financial Planning and Analysis team plays a key role in helping leadership make data-driven strategic decisions by evaluating strategic, operational, and financial aspects of the clinical enterprise. The primary customers for this role include University of Michigan Health (UMH) financial and operational leaders, as well as the individual departments within UMH.

Mission Statement

Michigan Medicine improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.

Who We Are

Is This Job Right for You?

• Do you enjoy working with large data sets to solve problems and aid in decision-making?
• Do you have a natural curiosity for investigation, and the ability to translate analyses findings into actionable information?
• Do you like working collaboratively with other teams to solve complex problems?
• Are you able to function independently, and require minimal day-to-day supervision to deliver projects in a timely and effective manner?

Why Work at Michigan?

What Benefits can you Look Forward to?

• Excellent medical, dental and vision coverage effective on your very first day
• Flexible spending accounts
• Prescription Drug Plan
• Mental and emotional health programs
• Child Care Resources
• Life Insurance
• Legal Services Plan
• Retirement Savings Opportunities

Another reason to Go Blue!

• University of Michigan Health recognized as a 2023 Leapfrog Top Teaching Hospital
• Top 5 employer in Michigan by Crain's Detroit Business
• CMS awarded University of Michigan Health the prestigious five-star overall rating for quality and safety.
• U-M Health ranked best in Michigan by U.S. News & World Report, only Michigan hospital on nation's Honor Roll of hospitals
• U-M Health was ranked No.9 in Expertscape's All-Around Expert Medical Centers for high rankings in 21 different medical and surgical specialties. U-M Health is among just 29 hospitals in the country rated as expert in all 21 specialties tracked by Expertscape.
• U-M Health was named among the World's Best Hospitals by Newsweek and global data firm Statista. U-M Health is the only hospital in Michigan named to the list.

Responsibilities*

• Partner with finance and operational leaders to provide financial analysis support including budget development, variance analysis, monthly reporting, business planning, costing, performance measurement, and proforma modeling.
• Design, develop and recommend new approaches, methodologies and tools for data-driven decision-making and planning.
• Participate in multidisciplinary teams evaluating strategic, operational, and financial aspects of the clinical enterprise
• Perform business case analysis, including the creation of financial models and analysis of business trends to support growth opportunities
• Participate in special projects to improve reporting, analysis, and internal processes to achieve productivity improvements and customer service delivery
• Prepare and communicate monthly financial and operational reports/results to departments and stakeholders
• Prepare ad hoc analyses and other duties as assigned

Required Qualifications*

In order to be considered for this position the applicant must have met or will have met all the required qualifications prior to the start date of employment.

• A Bachelor's degree or higher, preferably in Business, Economics, Finance, Health Administration, or a related field
• 2 - 5 years of professional experience
• Familiarity with data modeling, and other analytical tools/techniques surrounding business and financial analytics.
• Problem solving capabilities including root cause analysis, process comprehension, development of alternative solutions, and recommended course of action
• Financial systems acumen, including considerable experience with Microsoft products (Excel, PowerPoint, Word, Outlook)
• Ability to assess competing priorities, manage workflow and meet operational deadlines with minimal supervision
• Demonstrated understanding of basic financial acumen. Including knowledge of financial statements and financial metrics.

Desired Qualifications*

• Oracle, Hyperion, or PeopleSoft experience
• Experience with data querying tools, or experience working with relational databases
• Ability to translate analyses into actionable information for decision making
• Strong communication skills - both oral and written. Ability to analyze large amounts of complex information to present simple and concise material to the appropriate audience
• Experience in a healthcare, higher education and/or academic medical center setting desired.

NOTE: Please include a cover letter that addresses how your experience meets the job requirements. In order to transmit the cover letter, it should be included as a page of your resume.

Background Screening

The University of Michigan conducts background checks on all job candidates upon acceptance of a contingent offer and may use a third party administrator to conduct background checks. Background checks are performed in compliance with the Fair Credit Reporting Act.

Application Deadline

Job openings are posted for a minimum of seven calendar days. The review and selection process may begin as early as the eighth day after posting. This opening may be removed from posting boards and filled anytime after the minimum posting period has ended.

U-M EEO/AA Statement

The University of Michigan is an equal opportunity/affirmative action employer.