Boston University

Sr. Financial Analyst-Decision Support

Boston University$84K — $98K *
Hospitals & Medical Centers
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance or Business Administration
  • 3-5 years of experience in not-for-profit, healthcare or accounting
  • Strong foundation in financial analysis
  • Highly proficient in Microsoft Excel and/or Access
  • Basic understanding of healthcare industry
  • Experience with data transformation/manipulation
  • Experience with Business Intelligence tools (Tableau, Power BI)

Responsibilities

  • Conduct complex financial analyses to support hospital performance metrics
  • Develop a thorough understanding of the internal costing system (EPSi)
  • Create and maintain Tableau dashboards for financial and performance reporting
  • Summarize and present analytical findings with clear recommendations for senior leadership
  • Independently manage large data sets and analytical frameworks
  • Automate processes using Alteryx workflows or Tableau Prep
  • Identify and act on continuous improvement opportunities

Benefits

  • Comprehensive benefits and wellness package
  • Robust support system for all life stages
  • Generous time-off program
  • Access to employee resource groups for peer support
  • Holistic wellness program covering multiple areas of well-being
Full Job Description
Job Description

Position Summary:
We have an exciting opportunity to join our team as a Sr. Financial Analyst-Decision Support.

In this role, the successful candidate under the guidance of the Assistant Director of Decision Support, Strategy & Value Improvement, the Senior Financial Analyst will be responsible for the production of financial analyses that assist in the monitoring of the hospital's financial performance. This role will be involved in providing analytical support for the system-wide Value Based Management (VBM) initiative, which includes continuous identification of opportunities and implementation of solutions to drive value across all sites of the health system. The candidate will be involved in the enhancement of existing system-wide financial dashboards and development of new dashboards that support strategic initiatives. The candidate should have experience with a decision support system or healthcare related reporting. In particular, the ideal candidate would be experienced in cost accounting, data reconciliation, data analysis, and visualization. In addition, the candidate should be comfortable with handling large data sets, have strong communication skills, and a team-oriented perspective. He/she will also be involved with the numerous ongoing projects relating to the identification of cost saving opportunities, physician resource utilization analysis, quality/cost analysis, and dashboard creation. The Senior Financial Analyst will also be engaged in the various benchmarking activities and other projects as needed.
The Decision Support, Strategy & Value Improvement team is an integral team at NYU Langone Health in their role of driving value across the organization. The Decision Support team partners directly with clinical, operational, and cross-functional teams across the enterprise to provide insightful analyses to achieve institutional goals. By providing cost accounting, benchmarking, and analytical services, the Decision Support and Value Improvement team identifies opportunities and works with stakeholders to inform sound business decisions. The team includes 28+ team members, 5 clinical leads, and a fully dedicated IT group.

Job Responsibilities:
  • Perform a wide portfolio of complex analyses including, but not limited to financial, operational, clinical, policy, and benchmark reporting
  • Develop an in-depth understanding of the internal costing system (EPSi) and effectively run accurate EPSi reports; understand the relationship between the various EPSi fields and the potential restrictions when resolving crucial business decisions from stakeholders
  • Conduct financial analyses to identify cost, revenue, and quality improvement opportunities and provide decision support for key strategic initiatives
  • Develops and maintain system-wide Tableau dashboards that span financial reporting, identification of value opportunities, and department performance for annual financial goals
  • Package and summarize analytical findings for senior leadership with clear understanding of results and thoughtful recommendations
  • Independently develop analytical frameworks for large, complex data sets and exercise discretion and judgement in analytical approach
  • Create and maintain Alteryx workflows or Tableau Prep flows to automate processes, implement controls, and reduce redundancies
  • Proactively communicate to management any arising issues or barriers to meet timelines/deliverables
  • Identify opportunities for continuous improvement (e.g. improving data integrity, process flow); act independently on resolving / improving
  • Utilize Alteryx, Microsoft Excel, and Tableau for data analysis, validation, and visualization
  • Demonstrates initiative for taking on new tasks or responsibilities. Exhibits creative thinking by suggesting alternative and innovative solutions to problems encountered


Minimum Qualifications:
To qualify you must have a Bachelors degree with a major in a business subject (e.g. accounting, finance, economics) and 3-5 years of related experience. A graduate in business or public administration is preferred. Other minimum qualifications include: excellent oral and written communication skills, analytical skills, problem solving skills, and a comprehensive knowledge all applications within Microsoft Office; specifically with Excel. He or She must know vlookups, pivot tables, sub-totals, and other Excel functions.

Preferred Qualifications:
Minimum Qualifications:
Bachelors degree in Accounting, Finance or Business administration
A minimum of three to five (3-5) years of experience in not-for-profit, healthcare or accounting
Action-oriented, with experience managing aggressive deadlines and strength across a broad range of
technical skills
Strong foundation in financial analysis
Must have a general understanding of the healthcare industry
Highly proficient in Microsoft Office Excel and/or Access
Extensive experience in data transformation/manipulation
Basic understanding of database relationships and structures
Experience in Business Intelligence/visualization tools (i.e. Tableau, Power BI)
Preferred Qualifications:
High-level of proficiency in Tableau, Excel, Access, and Decision Support reporting programs
Experience working with a decision support/cost accounting system
Extensive experience in data transformation/manipulation
Basic understanding of database relationships and structures
Experience in Business Intelligence/visualization tools (i.e. Tableau, Power BI)

Qualified candidates must be able to effectively communicate with all levels of the organization.

NYU Langone Health provides its staff with far more than just a place to work. Rather, we are an institution you can be proud of, an institution where you'll feel good about devoting your time and your talents.

At NYU Langone Health, we are committed to supporting our workforce and their loved ones with a comprehensive benefits and wellness package. Our offerings provide a robust support system for any stage of life, whether it's developing your career, starting a family, or saving for retirement. The support employees receive goes beyond a standard benefit offering, where employees have access to financial security benefits, a generous time-off program and employee resources groups for peer support. Additionally, all employees have access to our holistic employee wellness program, which focuses on seven key areas of well-being: physical, mental, nutritional, sleep, social, financial, and preventive care. The benefits and wellness package is designed to allow you to focus on what truly matters. Join us and experience the extensive resources and services designed to enhance your overall quality of life for you and your family.

NYU Langone Health provides a salary range to comply with the New York state Law on Salary Transparency in Job Advertisements. The salary range for the role is $84,577.92 - $98,500.00 Annually. Actual salaries depend on a variety of factors, including experience, specialty, education, and hospital need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.

To view the Pay Transparency Notice, please click here

About Boston University

Boston University (BU) is a private research university in Boston, Massachusetts. The university is nonsectarian but maintains its historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with its original campus in Newbury, Vermont, before moving to Boston in 1867. The university now has more than 3,900 faculty members and nearly 33,000 students, and is one of Boston's largest employers. It offers bachelor's degrees, master's degrees, doctorates, and medical, dental, business, and law degrees through 17 schools and colleges on two urban campuses. BU is a member of the Boston Consortium for Higher Education and the Association of American Universities.
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