Financial Analyst III

Overview

This role performs highly specialized and complex financial analysis, budget analysis, and related fiscal functions for a large and diverse hospital service line or department, or coordinates a major budget/financial analysis program within the Hospital Finance Department.

Key focus areas include:

• Financial planning, forecasting, and modeling
• Budget development
• Performance monitoring and management reporting
• Preparing complex analysis for special and high-level reports reviewed at the executive level
• Leading and improving the fiscal planning process

Responsibilities

• Continue and improve enterprise workforce planning models, including labor planning, productivity, and efficiencies.
• Aggregate FTE, productivity, and labor cost data from operating departments into a unified workforce planning model, identifying variances and improvement opportunities for FP&A and operational leadership.
• Evaluate position requests for financial and staffing impact; prepare recommendation packages.
• Partner with HR and operational leaders to ensure requests align with budgeted labor plans and productivity targets.
• Advise managers on financial planning, analysis, and system development; support managers by modeling financial impacts.
• Assist in development, implementation, and management of financial systems, cost accounting systems, and/or financial policies and procedures as appropriate.
• Collaborate with auditors and accountants to develop and maintain internal controls for compliance with state and internal audit standards.
• Provide information to internal/external auditors and management as requested.
• Coordinate and participate in preparation of financial reports, business plans, and analyses for management.
• Develop budget or fiscal reporting formats.
• Develop and revise methodologies for forecasting cost and revenues; develop and maintain an electronic system to track deviations between budgeted forecast and actual levels.
• Develop or coordinate preparation of budgets, program narratives, and finance plans; analyze financial projections and assist managers in developing budget proposals.
• Maintain liaison with operating department managers regarding financial results, budget variances, internal controls, and related financial matters.
• Participate in the design and implementation of budget and financial system improvements.
• Use computer software to model resource scenarios.
• Organize and develop automated financial systems.
• Plan, develop, and coordinate preparation of financial analyses and reports, including operational and capital budgets, financial statements, statistical reports, cost analyses, and other financial information for management.
• Provide financial information that supports management’s informed long-term and short-term decisions.
• Recommend procedures and implement corrective action where indicated in operations, areas out of compliance with hospital policy, internal controls, and accounting policies, as assigned.
• Review and/or prepare federal, state, and other regulatory reports to ensure compliance with established guidelines, as assigned.

Essential Functions / Compliance Requirements

• Abide by Joint Commission Requirements, including sensitivity to cultural diversity, patient care, patient rights and ethical treatment, safety and security of physical environments, emergency management, teamwork, respect for others, participation in ongoing education and training, communication, and adherence to safety and quality programs, sustaining compliance with National Patient Safety Goals, and licensure and health screenings.
• Perform all duties and responsibilities in accordance with hospital policies and procedures, including Service Standards and Code of Conduct.

Requirements

Education

• Bachelor’s degree in a work-related field/discipline from an accredited college or university.

Experience

• Six (6) years of progressively responsible and directly related work experience.

Knowledge, Skills, and Abilities

• Ability to analyze and develop solutions to complex problems.
• Ability to analyze information, reach valid conclusions, and make sound recommendations.
• Ability to apply judgment and informed decisions, including independent judgment for complex financial problems.
• Ability to communicate complex concepts in simple terms to non-finance users, including appropriate use and limits of information.
• Ability to communicate effectively in written and verbal formats, including summarizing data and presenting results.
• Ability to establish and maintain effective working relationships.
• Ability to evaluate business operations to compute impact to budget and funding expenditures.
• Ability to manage, organize, prioritize, multi-task, and adapt to changing priorities.
• Ability to model financial information and forecast data to arrive at conclusions.
• Ability to work effectively as both a team player and leader.
• Knowledge of computer systems and software used in the functional area.
• Knowledge of financial forecasting techniques.
• Knowledge of local, state and federal regulatory requirements related to the functional area.
• Knowledge of budgeting and finance principles and practices, including analysis and reporting of financial data.

Preferred Qualifications

No preferred qualifications were listed.

Compensation & Benefits

• Compensation is based on the level and requirements of the role.
• Salary within ranges may be determined by education, experience, knowledge, skills, location, and abilities, as required by the role, as well as internal equity and alignment with market data.
• Typically, new team members join at the minimum to mid salary range.

Minimum to Midpoint Range (Hourly): $54.21 to $70.47

Location

Physical Requirements and Working Conditions are available from the Occupational Health Department. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job.

Equal Opportunity

The organization strongly values diversity and is committed to equal opportunity and non-discrimination in all policies and practices related to employment, including consideration of applicants with criminal convictions after an individualized assessment and, where applicable, in compliance with the San Francisco Fair Chance Ordinance. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply.