Overview
This role supports the Pharmacy Department through the organization’s Financial Services Department. The position reports to the Finance Manager and focuses on developing processes, maintaining financial reporting, and creating controls in the Pharmacy and Finance environment.
Responsibilities
- Perform monthly variance analysis of budget versus actual financial results
- Complete month-end journal entry responsibilities
- Update and create monthly financial reports, including graphs, charts, and other ad hoc reporting
- Develop annual budgets for Inpatient Pharmacy areas and Research Pharmacy
- Monitor activity within the Inpatient drug area and develop and maintain reports as needed
- Interact with CDAs, Segment Leadership, or designated department leads to develop processes and stay current on patient population and emerging drug areas
- Create workflows tailored to each Inpatient and/or administrative area to ensure appropriate controls, monitor financial activity, and mitigate losses
- Communicate activity and financial status to appropriate areas across Pharmacy leadership
- Produce scheduled and ad hoc reports for drug level analysis of medication purchases
- Create purchase orders when appropriate
- Conduct recharge rate analysis for the Research Pharmacy Team
- Provide backup support for other Financial Analysts supporting various Pharmacy areas
- Perform other analyses and duties as assigned by the Finance Manager
Requirements
- Bachelor’s degree in a related field
- 2–5 years of experience in finance, accounting, audit, and/or compliance, preferably in a University or Health Care environment (Intermediate)
- 5–8 years of experience in finance, accounting, audit, and/or compliance, preferably in a University or Health Care environment (Senior)
- Experience using spreadsheet applications and analyzing and reporting data to identify issues, trends, or exceptions to drive improvement and find solutions
Additional Skills & Abilities
- Strong verbal and written communication skills with the ability to work with internal and external constituents
- Demonstrated analytical, interpretive, and evaluative skills working with complex concepts and projects
- Solid knowledge, understanding, and experience in business, finance, or accounting
- Self-motivated with the ability to work well with teams
- Effective organizational skills and flexibility to meet deadlines
- Strong problem-solving abilities, attention to detail, and ability to multitask
- Experience analyzing and reporting data to identify issues, trends, or exceptions to drive improvement
- Strong presentation, analytical, and computer skills, including proficiency with MS Office
Preferred Qualifications
- Business, Accounting, or Finance degree preferred
- Experience working within Pharmacy desirable, but not required
- Experience with Mpathways, Hyperion, Finance BI, and Business Objects financial software systems
Compensation & Benefits
- Excellent medical, dental, and vision coverage effective on your very first day
- 2:1 match on retirement savings
Modes of Work
Positions eligible for hybrid or mobile/remote work mode are at the discretion of the hiring department. Work agreements are reviewed annually at a minimum and may change at any time, and for any reason, throughout employment.
Underfill Statement
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
Background Screening
Background screening and pre-employment drug testing may be conducted upon acceptance of a contingent job offer. Background screenings are performed in compliance with the Fair Credit Reporting Act. Pre-employment drug testing applies to selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
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. The opening may be removed from posting boards and filled any time after the minimum posting period has ended.
Location
Michigan Medicine (location not specified in the posting).