Job DescriptionJob SummaryServing as the primary finance partner for assigned Clinical Institute(s), the incumbent provides timely, accurate, and actionable financial analysis to support operational, volume, and profitability decisions. Working with minimal supervision from Finance Management, this role partners closely with Institute leadership, facilitates monthly financial reviews, identifies opportunities and risks, and delivers financial modeling and business case analyses to support strategic decision-making. The incumbent also contributes to organizational initiatives, costing methodologies, and analytical best practices while serving as the trusted financial advisor for all Institute-related financial matters.
This position is the Institute Leader's dyad for all financial matters, though will support whatever other needs the Clinical Institute requires.
ResponsibilitiesPrimary Duties & Responsibilities- Assist in the preparation of monthly and quarterly profitability reports by compiling and organizing data under the direction of Finance, contributing to the synthesis of findings into actionable insights
- Support the preparation of materials for quarterly financial presentations of their respective Clinical Institute for Hoag's Senior Management Team, with the review of Finance management
- Complete ad hoc analysis requests that may include business volumes, general ledger comparisons, and financial impacts generated from monthly meetings, operations leadership inquiries, or the Finance management as prioritized by Finance management
- Develop an understanding of how volumes affect revenues, costs, and margins, applying this knowledge to assigned tasks under the guidance of Finance management or senior team members
- Learn the different drivers of revenue and how they affect Institute financial performance through on-the-job training and mentorship from the Finance management
- Build foundational knowledge of Costing methodologies under the direction of the Finance management or senior analysts, applying this understanding to support profitability reporting tasks
- Interpret department's income statements performance to budget and performance to trends
- Identify potential areas of discrepancy in costing results, dashboards, or reports during financial and cost analysis and escalate findings to Finance management for review, validation, and resolution
- Support the development of financial proformas and ROI models led by Finance management by preparing the necessary underlying data and model inputs as directed
- Maintain, monitor, and distribute daily and monthly reconciliations of data loaded from electronic medical records to finance performance management system
- Ensures the finance performance management system decision support dictionary tables are maintained on a weekly basis; job codes, physicians, departments, general ledger accounts, and pay codes
- Performs other duties as assigned including Ad Hoc financial analytics that support the costing and decision support finance functions, under the supervision of Finance management
QualificationsEducation and Experience Bachelor's degree in accounting/finance preferred or other related field.
Minimum of 6+ years' experience as a financial analyst with 1-2 years in hospital cost accounting experience.
- Is comfortable organizing and managing meetings with Executive level leadership
- Has provided guidance and some oversight to junior analysts
Preferred:4+ years hospital/healthcare or 2-3 years in hospital/healthcare cost accounting experience highly desirable
Licenses: N/A
Certifications: N/A
