Financial Clinical Institute Analyst I : Finance

Under the guidance of Finance management, the Financial Analyst I will provide accurate, timely, and actionable financial analysis to support the volume, business, and profitability decisions of their assigned Clinical Institute(s). Assist in the preparation of data and supporting materials used to discuss financial performance during monthly and Ad Hoc meetings with internal stakeholders; financial performance will include volumes, revenues, direct costs, direct margins, and forces that affect all these factors. Monthly and Ad Hoc meetings are mostly led by Finance and include the Clinical Institute's director, managers, and contributor level leadership across various service lines such as inpatient care, surgeries, diagnostics, therapeutics, etc. The incumbent will play a supporting role in these meetings by providing and presenting prepared data and analysis as directed. They will assist senior analysts and Finance management in ROI analysis and financial modeling, including discounted cash flows, net present values, and internal rate of returns, by preparing the underlying data and models under close supervision.

• 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

Bachelor's degree in accounting/finance preferred or other related field.

Minimum of 1-3 years’ experience as a financial analyst / accountant

Preferred:

1+ Hospital/healthcare experience desirable