Financial Analyst Senior

Overview

This role performs a wide range of project tasks and serves as a financial and operational liaison for operations, regulatory agencies, or other outside entities. The position acts as a technical expert for team members, analyzing financial and contractual results to identify trends, performance metrics, and root causes to support business decisions. Responsibilities may include analyzing products and plans and recommending revenue budget adjustments and cost improvement measures based on trends and historical analysis.

The role may also support management and reporting functions for specific programs funded through commercial, federal, state, local, foundation, or industry partners via grants, contracts, or service agreements.

Responsibilities

• Record, classify, and summarize contractual transactions and events in accordance with generally accepted accounting principles.
• Interpret transactions and events for users at all levels of the organization who make economic or business decisions. (20%)
• Develop and/or maintain processes and perform complex calculations to support short- and long-term strategic plans and operating budgets.
• Support monthly close or the contracting process, and help generate monthly and/or annual financial statements.
• May be responsible for negotiations and comparisons of payor performance. (20%)
• Provide expertise and education related to budgeting, revenue recognition, reimbursement, and system/process changes.
• Correlate revenue/expense to volumes and prepare reports to support financial management in assessing financial performance. (20%)
• Evaluate, update, and maintain processes supporting regulatory and third-party changes, quarterly workpapers, annual audits, cost accounting, and third-party cost reporting. (10%)
• Perform detailed variance analysis against expected budget, forecast, prior periods, modeling, or other revenue benchmarks as required to support operations. (10%)
• Stay current on issues impacting the healthcare industry and/or third-party payor regulations and requirements, especially those with financial impact, and communicate findings to the team and management.
• Make recommendations for financial and performance improvement. (5%)
• Analyze contractual or financial results, trends, and performance metrics, providing root cause analysis to support contracting and/or business decisions.
• Recommend budget adjustments and other cost/revenue improvement measures. (15%)
• Perform other duties as assigned or required.

Qualifications

Minimum

• BA/BS degree in Accounting, Finance, Business Administration, or related field, or relevant experience and/or education as determined by the employer in lieu of a bachelor’s degree
• Minimum of 4 years of financial analysis experience
• Proficiency with spreadsheet applications and database management

Preferred

• Master’s degree or equivalent experience
• CPA, CMA, FHFMA, CHFMA, or CRA
• Sponsored program administration
• Demonstrated ability to understand and apply complex federal regulations and policy

Compensation & Benefits

• Pay Range Minimum: $31.02
• Pay Range Maximum: $48.54
• Base pay is determined by factors including qualifications, experience, expected contributions, internal peer equity, market, and business considerations.
• The displayed salary range does not reflect any geographic differential the employer may apply for certain locations.

Compliance & Data Privacy

• Adhere to ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.
• Due to potential access to covered information, cardholder data, or other confidential customer information, comply with HIPAA and applicable privacy policies, procedures, and data security guidelines.
• Comply with the employer’s Code of Business Conduct, including adherence to applicable federal and state laws, rules, regulations, and required training.
• The employer prohibits discrimination against qualified individuals based on protected veteran status or disability status, and prohibits discrimination against all individuals based on any category protected by applicable federal, state, or local law.